Syrian Arab Republic's external balance on goods and services (current LCU) was -19.48 trillion in 2022, the latest year in the World Bank's World Development Indicators. That is down 3,130% from -603.14 billion in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -19.48 trillion | 2022 |
| Five years earlier | -1.87 trillion | 2017 |
| Ten years earlier | -603.14 billion | 2012 |
| Highest | 79.93 billion | 2002 |
| Lowest | -19.48 trillion | 2022 |
| Average since 2013 | -4.58 trillion | 2013–2022 |
| First recorded | -197.82 million |
What the numbers say
In 2022, Syrian Arab Republic's external balance on goods and services (current LCU) fell 6.96 trillion on 2021 (from -12.52 trillion to -19.48 trillion).
Across the 30 yearly changes before that (1992 to 2021), the average change was −416.45 billion and a typical year strayed about 1.7 trillion from that (the standard deviation). This year's change was 3.9 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 376.7 billion in 2015 and the biggest yearly fall was 9.26 trillion 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 1.56 trillion a year. A straight line explains 57% 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
- Virgin Islands (US) — 3rd of 6: -509 million
- Northern Mariana Islands — 4th of 6: -533 million
- Guam — 5th of 6: -3.88 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 63 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2022 | -19,480,347,000,000 |
| 2021 | -12,517,413,000,000 |
| 2020 | -3,253,185,000,000 |
| 2019 | -1,856,937,000,000 |
| 2018 | -1,995,191,000,000 |
| 2017 | -1,867,604,000,000 |
| 2016 | -1,455,517,000,000 |
| 2015 | -1,076,515,000,000 |
| 2014 | -1,453,217,000,000 |
| 2013 | -856,276,000,000 |
External balance on goods and services (current LCU) in nearby economies
- Afghanistan — -660.71 billion (2024)
- Algeria — -2.01 trillion (2025)
- Bahrain — 3.11 billion (2024)
- Djibouti — 120.74 billion (2025)
- Egypt, Arab Rep. — -2.12 trillion (2025)
- Iran, Islamic Rep. — -23,522.9 trillion (2025)
- Iraq — 8.68 trillion (2024)
- Israel — 44.86 billion (2025)
- Kuwait — 8.65 billion (2024)
- Lebanon
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 (current LCU)?
- -19.48 trillion in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is down 9.85 million% from -197.82 million in 1960. The highest value was 79.93 billion in 2002 and the lowest -19.48 trillion in 2022.
- Is the latest change in external balance on goods and services (current LCU) unusual for Syrian Arab Republic?
- In 2022, Syrian Arab Republic's external balance on goods and services (current LCU) fell 6.96 trillion on 2021 (from -12.52 trillion to -19.48 trillion). Across the 30 yearly changes before that (1992 to 2021), the average change was −416.45 billion and a typical year strayed about 1.7 trillion from that (the standard deviation). This year's change was 3.9 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, 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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