Price Level of Imports for Syrian Arab Republic
PLMCPPSYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
21.32%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Syrian Arab Republic measures the level of import prices relative to a base year. This trend is crucial for understanding Syria's international trade dynamics and assessing the competitiveness of its imports.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the overall price level of goods and services imported into Syria. It is a valuable indicator for policymakers and economists analyzing the country's trade balance, exchange rate movements, and inflationary pressures stemming from international markets.
Methodology
The data is calculated by the International Monetary Fund based on official government statistics.
Historical Context
The Price Level of Imports is used by analysts to gauge Syria's import-based inflation and trade competitiveness relative to its trading partners.
Key Facts
- The base year for the index is 2010.
- Imports make up around 30% of Syria's GDP.
- The index reached a high of 335.4 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Syrian Arab Republic measures the overall price level of goods and services imported into the country, relative to a base year.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding Syria's international trade dynamics, including the competitiveness of its imports and inflationary pressures stemming from global markets.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on official government statistics.
Q: How is this trend used in economic policy?
A: The Price Level of Imports is used by analysts and policymakers to gauge Syria's import-based inflation and trade competitiveness relative to its trading partners.
Q: Are there update delays or limitations?
A: The data is subject to the availability of official government statistics from Syria, which may experience delays or other limitations.
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Citation
U.S. Federal Reserve, Price Level of Imports for Syrian Arab Republic (PLMCPPSYA670NRUG), retrieved from FRED.