Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Syria
RGDPL2SYA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,782.63
Year-over-Year Change
4.37%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Syria, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards compared to other nations.
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
The PPP-converted GDP per capita (Laspeyres) trend represents the real purchasing power of Syrians, adjusting for differences in price levels across countries. It is a widely used metric for cross-country comparisons of economic well-being and standard of living.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption.
Historical Context
This trend is relevant for policymakers, economists, and international organizations to assess Syria's economic progress and compare its development to peer countries.
Key Facts
- Syria's PPP-converted GDP per capita was $2,501 in 2021.
- Syria's PPP-converted GDP per capita is approximately 13% of the global average.
- The trend has declined since 2010 due to the country's ongoing economic and political turmoil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Syria, adjusting for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Syria's economic development and living standards compared to other nations, which is useful for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and international organizations to assess Syria's economic progress and compare its development to peer countries.
Q: Are there update delays or limitations?
A: The data may be subject to update delays due to the ongoing economic and political turmoil in Syria.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Syria (RGDPL2SYA625NUPN), retrieved from FRED.