Insurance and financial services in Syrian Arab Republic
Syrian Arab Republic: Insurance and financial services was 3.8% in 2010. ◆ Volatile
Insurance and financial services in Syrian Arab Republic, 1977–2010
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2010, insurance and financial services in Syrian Arab Republic stood at 3.8%.
The figure is down 21.9% on the previous year and up 109.0% over ten years.
Over the whole period, insurance and financial services in Syrian Arab Republic peaked at 14.7% in 2006 and was at its lowest, 1.8%, in 2003.
That places Syrian Arab Republic 137th out of 197 countries with data for 2010, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Syrian Arab Republic, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 4.9% | — |
| 1978 | 4.4% | -10.2% |
| 1979 | 4.6% | +4.7% |
| 1980 | 2.2% | -52.6% |
| 1981 | 4.7% | +115.9% |
| 1982 | 4.0% | -15.0% |
| 1983 | 4.3% | +7.6% |
| 1984 | 3.7% | -15.1% |
| 1985 | 4.0% | +8.7% |
| 1986 | 3.2% | -21.3% |
| 1987 | 3.9% | +22.3% |
| 1988 | 3.9% | +0.5% |
| 1989 | 3.2% | -18.2% |
| 1990 | 3.5% | +8.8% |
| 1991 | 3.8% | +10.7% |
| 1992 | 4.6% | +21.1% |
| 2003 | 1.8% | -60.5% |
| 2004 | 2.9% | +56.7% |
| 2005 | 3.1% | +8.1% |
| 2006 | 14.7% | +374.5% |
| 2007 | 9.0% | -38.4% |
| 2008 | 7.7% | -14.6% |
| 2009 | 4.9% | -36.7% |
| 2010 | 3.8% | -21.9% |
Syrian Arab Republic compared with similar countries
- Syrian Arab Republic's 3.8% is below the median for low income countries, which is 4.1%, 93% of the median. (22 countries reporting)
- Syrian Arab Republic's 3.8% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 59% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial 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 |
|---|---|---|---|
| 2006 | +374.5% | 3.1% | 14.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.7% | 4.4% | 4.9% | 3 |
| 1980s | 3.7% | 2.2% | 4.7% | 10 |
| 1990s | 4.0% | 3.5% | 4.6% | 3 |
| 2000s | 6.3% | 1.8% | 14.7% | 7 |
| 2010s | 3.8% | 3.8% | 3.8% | 1 |
Countries ranked near Syrian Arab Republic
- 134 Côte d'Ivoire 3.9% compare
- 135 Rwanda 3.8%
- 136 Venezuela, Bolivarian Republic of 3.8% compare
- 138 Belarus 3.8% compare
- 139 Norway 3.7% compare
- 140 Solomon Islands 3.7% compare
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 insurance and financial services in Syrian Arab Republic?
- Insurance and financial services in Syrian Arab Republic was 3.8% in 2010, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Syrian Arab Republic?
- The highest recorded value was 14.7% in 2006.
- What is the lowest insurance and financial services recorded in Syrian Arab Republic?
- The lowest recorded value was 1.8% in 2003.
- How does Syrian Arab Republic rank for insurance and financial services?
- Syrian Arab Republic ranks 137th out of 197 countries with data for 2010.
- Is insurance and financial services rising or falling in Syrian Arab Republic?
- Over the last ten years it is up 109.0%. 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 Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.