External balance on goods and services in Syrian Arab Republic
Syrian Arab Republic: External balance on goods and services was -21.9% in 2022. ◆ Volatile
External balance on goods and services in Syrian Arab Republic, 1960–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2022, external balance on goods and services in Syrian Arab Republic stood at -21.9%.
That represents a change of up 24.8% on the previous year and down 9.7% over ten years.
Over the whole period, external balance on goods and services in Syrian Arab Republic peaked at 7.8% in 2002 and was at its lowest, -40.2%, in 2014.
Syrian Arab Republic ranks 159th of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Syrian Arab Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | -6.4% | — |
| 1961 | -4.8% | -25.7% |
| 1962 | -0.6% | -86.8% |
| 1963 | -1.7% | +176.8% |
| 1964 | -2.5% | +43.4% |
| 1965 | 0.0% | -100.0% |
| 1966 | -5.3% | -7524194.7% |
| 1967 | -3.4% | -36.2% |
| 1968 | -3.2% | -7.3% |
| 1969 | -4.6% | +45.2% |
| 1970 | -3.6% | -22.3% |
| 1971 | -5.0% | +40.3% |
| 1972 | -5.6% | +11.4% |
| 1973 | -3.7% | -33.2% |
| 1974 | -9.7% | +160.3% |
| 1975 | -12.6% | +30.0% |
| 1976 | -14.8% | +17.6% |
| 1977 | -22.5% | +52.3% |
| 1978 | -16.4% | -27.2% |
| 1979 | -16.9% | +3.0% |
| 1980 | -17.2% | +2.0% |
| 1981 | -17.3% | +0.7% |
| 1982 | -11.0% | -36.4% |
| 1983 | -13.4% | +21.8% |
| 1984 | -11.6% | -13.7% |
| 1985 | -13.5% | +16.5% |
| 1986 | -11.0% | -18.6% |
| 1987 | -13.3% | +20.9% |
| 1988 | -9.2% | -30.5% |
| 1989 | -0.0% | -99.7% |
| 1990 | 0.4% | -1329.1% |
| 1991 | -7.7% | -2074.8% |
| 1992 | -11.4% | +48.3% |
| 1993 | -13.0% | +14.6% |
| 1994 | -12.3% | -5.4% |
| 1995 | -6.9% | -44.1% |
| 1996 | -6.3% | -9.2% |
| 1997 | -1.4% | -77.9% |
| 1998 | -0.4% | -73.5% |
| 1999 | 0.3% | -188.7% |
| 2000 | 6.9% | +2036.9% |
| 2001 | 6.5% | -7.1% |
| 2002 | 7.8% | +21.1% |
| 2003 | 2.9% | -63.3% |
| 2004 | 2.8% | -3.0% |
| 2005 | 2.0% | -29.9% |
| 2006 | 3.8% | +95.6% |
| 2007 | 0.8% | -78.8% |
| 2008 | 0.9% | +10.7% |
| 2009 | -1.8% | -303.6% |
| 2010 | 0.3% | -117.7% |
| 2011 | -12.0% | -3797.3% |
| 2012 | -19.9% | +66.8% |
| 2013 | -29.1% | +46.2% |
| 2014 | -40.2% | +38.0% |
| 2015 | -22.5% | -44.1% |
| 2016 | -23.8% | +5.5% |
| 2017 | -22.4% | -5.8% |
| 2018 | -20.8% | -6.9% |
| 2019 | -16.0% | -23.3% |
| 2020 | -16.8% | +5.2% |
| 2021 | -29.1% | +73.1% |
| 2022 | -21.9% | -24.8% |
Syrian Arab Republic compared with similar countries
- Syrian Arab Republic's -21.9% is below the median for low income countries, which is -11.3%, 1.9× the median. (22 countries reporting)
- Syrian Arab Republic's -21.9% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -5.3%, 4.1× the median. (23 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Syrian Arab Republic 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 |
|---|---|---|---|
| 1966 | -7524194.7% | 0.0% | -5.3% |
| 2011 | -3797.3% | 0.3% | -12.0% |
| 1991 | -2074.8% | 0.4% | -7.7% |
| 2000 | +2036.9% | 0.3% | 6.9% |
| 1990 | +1329.1% | -0.0% | 0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -3.3% | -6.4% | 0.0% | 10 |
| 1970s | -11.1% | -22.5% | -3.6% | 10 |
| 1980s | -11.8% | -17.3% | -0.0% | 10 |
| 1990s | -5.9% | -13.0% | 0.4% | 10 |
| 2000s | 3.3% | -1.8% | 7.8% | 10 |
| 2010s | -20.6% | -40.2% | 0.3% | 10 |
| 2020s | -22.6% | -29.1% | -16.8% | 3 |
Countries ranked near Syrian Arab Republic
More economy & growth data for Syrian Arab Republic
- 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 external balance on goods and services in Syrian Arab Republic?
- External balance on goods and services in Syrian Arab Republic was -21.9% in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Syrian Arab Republic?
- The highest recorded value was 7.8% in 2002.
- What is the lowest external balance on goods and services recorded in Syrian Arab Republic?
- The lowest recorded value was -40.2% in 2014.
- How does Syrian Arab Republic rank for external balance on goods and services?
- Syrian Arab Republic ranks 159th out of 193 countries with data for 2022.
- Is external balance on goods and services rising or falling in Syrian Arab Republic?
- Over the last ten years it is down 9.7%. The long-run trend across the full record is volatile.
- Where does this Syrian Arab Republic data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.