Syrian Arab Republic PPP Conversion Factor

The Syrian Arab Republic’s purchasing power parity (PPP) conversion factor rose dramatically from the 2017 trough of 133.00 to an all‑time peak of 2,191.61 in 2025, placing the country at rank 10 globally. This surge, measured over an eight‑year coverage period, reflects a massive depreciation of the nominal Syrian pound relative to the U.S. dollar, amplifying the amount of local currency needed to purchase a comparable basket of goods and services. By contrast, peer economies such as Paraguay record a higher conversion factor of 2,653.86, while Colombia’s figure stands at 1,498.05, underscoring that Syria’s recent level approaches the upper tier of the distribution. The rapid escalation since the 2017 low suggests that macro‑economic instability and inflationary pressures have been the dominant drivers. Continued fiscal consolidation, structural reforms, or a stabilization of the exchange rate could moderate the upward trajectory, while persistent conflict or external shocks would likely sustain the high conversion factor.