Syrian Arab Republic's external balance on goods and services (constant LCU) was -220.82 billion in 2022, the latest year in the World Bank's World Development Indicators. That is down 44.19% from -153.15 billion in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -220.82 billion | 2022 |
| Five years earlier | -146.33 billion | 2017 |
| Ten years earlier | -153.15 billion | 2012 |
| Highest | 77.86 billion | 2001 |
| Lowest | -271.9 billion | 2021 |
| Average since 2013 | -147.36 billion | 2013–2022 |
| First recorded | 62.85 billion |
What the numbers say
In 2022, Syrian Arab Republic's external balance on goods and services (constant LCU) rose 51.08 billion on 2021 (from -271.9 billion to -220.82 billion).
Across the 21 yearly changes before that (2001 to 2021), the average change was −15.94 billion and a typical year strayed about 68.56 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 144.1 billion in 2006 and the biggest yearly fall was 182.35 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 the straight-line trend is downward, about 11.14 billion a year. A straight line explains 36% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Syrian Arab Republic in the 2022 ranking
- American Samoa — 2nd of 5: -249 million
- Northern Mariana Islands — 3rd of 5: -520 million
- Guam — 4th of 5: -3.3 billion
What this measures
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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 23 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2022 | -220,821,000,000 |
| 2021 | -271,902,000,000 |
| 2020 | -89,549,000,000 |
| 2019 | -132,713,000,000 |
| 2018 | -141,235,000,000 |
| 2017 | -146,334,000,000 |
| 2016 | -111,105,000,000 |
| 2015 | -113,169,000,000 |
| 2014 | -113,784,000,000 |
| 2013 | -133,037,000,000 |
External balance on goods and services (constant LCU) in nearby economies
More economic policy & debt data for Syrian Arab Republic
- Grants, excluding technical cooperation (BoP, current US$) — US$8.91 billion (2023)
- Technical cooperation grants (BoP, current US$) — US$305.05 million (2023)
- Net bilateral aid flows from DAC donors, Germany (current US$) — US$820.37 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$2.65 billion (2023)
- Net official development assistance and official aid received (current US$) — US$9.21 billion (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$9.21 billion (2023)
- Net official development assistance received (current US$) — US$9.21 billion (2023)
Reading data like this
Questions people ask
- What is Syrian Arab Republic's external balance on goods and services (constant LCU)?
- -220.82 billion in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 451.36% from 62.85 billion in 2000. The highest value was 77.86 billion in 2001 and the lowest -271.9 billion in 2021.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Syrian Arab Republic?
- In 2022, Syrian Arab Republic's external balance on goods and services (constant LCU) rose 51.08 billion on 2021 (from -271.9 billion to -220.82 billion). Across the 21 yearly changes before that (2001 to 2021), the average change was −15.94 billion and a typical year strayed about 68.56 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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