Syria: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Syria |
Trade balance as percent of GDP |
|---|---|
| Latest value | -21.99 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1960 - 2022 |
| Average | -8.93 |
| Min - Max | -40.23 - 7.86 |
| Source | The World Bank |
The latest value from 2022 is -21.99 percent, an increase from -30.19 percent in 2021. In comparison, the world average is -5.04 percent, based on data from 171 countries. Historically, the average for Syria from 1960 to 2022 is -8.93 percent. The minimum value, -40.23 percent, was reached in 2014 while the maximum of 7.86 percent was recorded in 2002.
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* indicates monthly or quarterly data series
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The trade balance for Syria and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: 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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 103.80 | 2023 | percent |
| Trade openness | 35.61 | 2022 | percent |
| Financial openness | -1.935 | 2022 | index points |
| Exports, percent of GDP | 6.81 | 2022 | percent |
| Exports, billion dollars | 1.61 | 2022 | billion U.S. dollars |
| Growth of exports | 30.69 | 2022 | percent |
| Imports, percent of GDP | 28.80 | 2022 | percent |
| Imports, billion dollars | 6.80 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.19 | 2011 | percent |
| Foreign Direct Investment, billion dollars | 0.80 | 2011 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1999 | million dollars (current) |
| Current account, percent of GDP | -0.60 | 2010 | percent |
| Current account, in dollars | -0.37 | 2010 | billion U.S. dollars |
| Trade balance, percent of GDP | -21.99 | 2022 | percent |
| Trade balance, in dollars | 0.20 | 2010 | billion U.S. dollars |
| Reserves | 20.63 | 2010 | billion U.S. dollars |
| Remittances, percent of GDP | 2.64 | 2010 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,133.96 | 2010 | million USD |
| External debt | 24.93 | 2023 | percent |
| Short-term external debt | 12.76 | 2023 | percent |
| Short-term debt to reserves | 2.73 | 2010 | percent |