Current account balance in Syrian Arab Republic
Syrian Arab Republic: Current account balance was -0.6% in 2010. ◆ Volatile
Current account balance in Syrian Arab Republic, 1977–2010
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Syrian Arab Republic recorded -0.6% for current account balance in 2010.
The figure is up 68.5% on the previous year and down 110.7% over ten years.
Over the whole period, current account balance in Syrian Arab Republic peaked at 14.3% in 1990 and was at its lowest, -7.8%, in 1994.
Syrian Arab Republic ranks 91st 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 Syrian Arab Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | -2.2% | — |
| 1978 | -0.7% | -68.3% |
| 1979 | 9.0% | -1411.5% |
| 1980 | 1.9% | -78.7% |
| 1981 | -2.0% | -203.3% |
| 1982 | -1.5% | -22.8% |
| 1983 | -4.8% | +213.0% |
| 1984 | -4.5% | -5.5% |
| 1985 | -5.8% | +28.7% |
| 1986 | -3.8% | -35.0% |
| 1987 | -2.6% | -30.8% |
| 1988 | -1.4% | -45.7% |
| 1989 | 12.4% | -971.3% |
| 1990 | 14.3% | +15.4% |
| 1991 | 5.4% | -62.4% |
| 1992 | 0.4% | -92.3% |
| 1993 | -1.5% | -457.2% |
| 1994 | -7.8% | +427.2% |
| 1995 | 2.3% | -129.5% |
| 1996 | 0.3% | -87.4% |
| 1997 | 3.2% | +995.6% |
| 1998 | 0.4% | -88.0% |
| 1999 | 1.3% | +231.9% |
| 2000 | 5.6% | +342.5% |
| 2001 | 6.1% | +8.5% |
| 2002 | 6.9% | +13.9% |
| 2003 | 3.4% | -50.3% |
| 2004 | 2.4% | -31.6% |
| 2005 | 1.0% | -56.1% |
| 2006 | 2.7% | +163.0% |
| 2007 | 1.1% | -58.3% |
| 2008 | 0.9% | -20.9% |
| 2009 | -1.9% | -311.9% |
| 2010 | -0.6% | -68.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.1% | -2.2% | 9.0% | 3 |
| 1980s | -1.2% | -5.8% | 12.4% | 10 |
| 1990s | 1.8% | -7.8% | 14.3% | 10 |
| 2000s | 2.8% | -1.9% | 6.9% | 10 |
| 2010s | -0.6% | -0.6% | -0.6% | 1 |
Countries ranked near Syrian Arab Republic
More economy & growth data for Syrian Arab Republic
- Final consumption expenditure (constant 2015 US$), per capita 362.52 constant 2015 US$ per person (2022)
- Gross national expenditure (current US$), annual growth rate 30 % change on previous year (1969)
- Gross national expenditure (current US$), per unit of GDP 1.04 current US$ per US$ of GDP (1969)
- Gross national expenditure (current US$), per capita 378.41 current US$ per person (1969)
- Gross national expenditure (current LCU), annual growth rate 16.79 % change on previous year (1969)
- Gross national expenditure (current LCU), per unit of GDP 3.18 current LCU per US$ of GDP (1969)
- Gross national expenditure (current LCU), per capita 1,157 current LCU per person (1969)
- Exports of goods and services (current US$), annual growth rate -27.75 % change on previous year (2022)
- Exports of goods and services (current US$), per unit of GDP 0.0678 current US$ per US$ of GDP (2022)
- Exports of goods and services (current US$), per capita 71.62 current US$ per person (2022)
Frequently asked questions
- What is current account balance in Syrian Arab Republic?
- Current account balance in Syrian Arab Republic was -0.6% 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 Syrian Arab Republic?
- The highest recorded value was 14.3% in 1990.
- What is the lowest current account balance recorded in Syrian Arab Republic?
- The lowest recorded value was -7.8% in 1994.
- How does Syrian Arab Republic rank for current account balance?
- Syrian Arab Republic ranks 91st out of 200 countries with data for 2010.
- Is current account balance rising or falling in Syrian Arab Republic?
- Over the last ten years it is down 110.7%. The long-run trend across the full record is volatile.
- Where does this Syrian Arab Republic 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.