Current account balance in Syria
Syria: Current account balance was -367.39 million BoP, current US$ in 2010. ◆ Volatile
Current account balance in Syria, 1977–2010
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2010, current account balance in Syria stood at -367.39 million BoP, current US$.
Compared with earlier readings it is up 64.3% on the previous year and down 134.6% over ten years.
Over the whole period, current account balance in Syria peaked at 1.76 billion BoP, current US$ in 1990 and was at its lowest, -1.03 billion BoP, current US$, in 2009.
Syria ranks 106th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Syria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -166.75 million BoP, current US$ | — |
| 1978 | -63.80 million BoP, current US$ | -61.7% |
| 1979 | 895.80 million BoP, current US$ | -1504.1% |
| 1980 | 250.90 million BoP, current US$ | -72.0% |
| 1981 | -308.00 million BoP, current US$ | -222.8% |
| 1982 | -249.90 million BoP, current US$ | -18.9% |
| 1983 | -844.00 million BoP, current US$ | +237.7% |
| 1984 | -794.00 million BoP, current US$ | -5.9% |
| 1985 | -957.50 million BoP, current US$ | +20.6% |
| 1986 | -504.00 million BoP, current US$ | -47.4% |
| 1987 | -297.90 million BoP, current US$ | -40.9% |
| 1988 | -150.60 million BoP, current US$ | -49.4% |
| 1989 | 1.22 billion BoP, current US$ | -911.7% |
| 1990 | 1.76 billion BoP, current US$ | +44.2% |
| 1991 | 698.80 million BoP, current US$ | -60.3% |
| 1992 | 55.00 million BoP, current US$ | -92.1% |
| 1993 | -203.00 million BoP, current US$ | -469.1% |
| 1994 | -791.00 million BoP, current US$ | +289.7% |
| 1995 | 263.00 million BoP, current US$ | -133.2% |
| 1996 | 40.00 million BoP, current US$ | -84.8% |
| 1997 | 461.00 million BoP, current US$ | +1052.5% |
| 1998 | 58.00 million BoP, current US$ | -87.4% |
| 1999 | 201.00 million BoP, current US$ | +246.6% |
| 2000 | 1.06 billion BoP, current US$ | +427.9% |
| 2001 | 1.22 billion BoP, current US$ | +15.1% |
| 2002 | 1.44 billion BoP, current US$ | +17.9% |
| 2003 | 752.00 million BoP, current US$ | -47.8% |
| 2004 | 591.50 million BoP, current US$ | -21.3% |
| 2005 | 299.00 million BoP, current US$ | -49.5% |
| 2006 | 919.80 million BoP, current US$ | +207.6% |
| 2007 | 459.58 million BoP, current US$ | -50.0% |
| 2008 | 471.95 million BoP, current US$ | +2.7% |
| 2009 | -1.03 billion BoP, current US$ | -318.1% |
| 2010 | -367.39 million BoP, current US$ | -64.3% |
Syria compared with similar countries
- Syria's -367.39 million BoP, current US$ is above the median for low income countries, which is -984.26 million BoP, current US$, 37% of the median. (23 countries reporting)
- Syria's -367.39 million BoP, current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -407.69 million BoP, current US$, 90% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Syria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +1504.1% | -63.80 million BoP, current US$ | 895.80 million BoP, current US$ |
| 1997 | +1052.5% | 40.00 million BoP, current US$ | 461.00 million BoP, current US$ |
| 1989 | +911.7% | -150.60 million BoP, current US$ | 1.22 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 221.75 million BoP, current US$ | -166.75 million BoP, current US$ | 895.80 million BoP, current US$ | 3 |
| 1980s | -263.26 million BoP, current US$ | -957.50 million BoP, current US$ | 1.22 billion BoP, current US$ | 10 |
| 1990s | 254.51 million BoP, current US$ | -791.00 million BoP, current US$ | 1.76 billion BoP, current US$ | 10 |
| 2000s | 618.63 million BoP, current US$ | -1.03 billion BoP, current US$ | 1.44 billion BoP, current US$ | 10 |
| 2010s | -367.39 million BoP, current US$ | -367.39 million BoP, current US$ | -367.39 million BoP, current US$ | 1 |
Countries ranked near Syria
- 103 Barbados -296.40 million BoP, current US$ compare
- 104 Grenada -328.50 million BoP, current US$ compare
- 105 Equatorial Guinea -344.04 million BoP, current US$ compare
- 107 Uruguay -374.07 million BoP, current US$ compare
- 108 Guinea -391.82 million BoP, current US$ compare
- 109 Pakistan -448.00 million BoP, current US$ compare
More economy & growth data for Syria
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 804.16 million BoP, current US$ (2011)
- Foreign direct investment, net inflows (BoP, current US$), annual -45.27 % change on previous year (2011)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0119 BoP, current US$ per US$ of GDP (2011)
- Foreign direct investment, net inflows (BoP, current US$), per capita 35.15 BoP, current US$ per person (2011)
- Total reserves (includes gold, current US$), annual growth rate 12.74 % change on previous year (2010)
- Total reserves (includes gold, current US$), per unit of GDP 0.3361 includes gold, current US$ per US$ of GDP (2010)
- Total reserves (includes gold, current US$), per capita 917.69 includes gold, current US$ per person (2010)
Frequently asked questions
- What is current account balance in Syria?
- Current account balance in Syria was -367.39 million BoP, current US$ in 2010, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Syria?
- The highest recorded value was 1.76 billion BoP, current US$ in 1990.
- What is the lowest current account balance recorded in Syria?
- The lowest recorded value was -1.03 billion BoP, current US$ in 2009.
- How does Syria rank for current account balance?
- Syria ranks 106th out of 200 countries with data for 2010.
- Is current account balance rising or falling in Syria?
- Over the last ten years it is down 134.6%. The long-run trend across the full record is volatile.
- Where does this Syria data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.