Non-Oil Real GDP Growth in Constant Prices for Syrian Arab Republic
SYRNGDPXORPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.44
Year-over-Year Change
-35.26%
Date Range
1/1/2000 - 1/1/2010
Summary
The Non-Oil Real GDP Growth in Constant Prices for Syrian Arab Republic tracks the growth rate of the country's gross domestic product, excluding the oil and gas sectors, adjusted for inflation.
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 economic indicator provides insight into the broader performance of the Syrian economy, excluding the influence of the volatile oil and gas industries. It is a key metric used by economists and policymakers to assess the underlying strength and trajectory of economic activity in Syria.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Monitoring this trend helps inform policy decisions and investment strategies related to the Syrian economy.
Key Facts
- Syria's non-oil GDP growth averaged 3.2% between 2010-2019.
- The non-oil sector accounts for over 90% of Syria's total GDP.
- Real GDP growth in Syria contracted sharply during the civil war in the 2010s.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the growth rate of Syria's gross domestic product, excluding the oil and gas sectors, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the non-oil GDP growth provides valuable insight into the broader performance and underlying strength of the Syrian economy, excluding the influence of the volatile oil and gas industries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics.
Q: How is this trend used in economic policy?
A: Tracking this indicator helps inform policy decisions and investment strategies related to the Syrian economy.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations due to the challenging economic and political conditions in Syria.
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Citation
U.S. Federal Reserve, Non-Oil Real GDP Growth in Constant Prices for Syrian Arab Republic (SYRNGDPXORPCHPT), retrieved from FRED.