Balance on Current Account for Syrian Arab Republic
SYRBCAUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,707,062,218.20
Year-over-Year Change
-264.76%
Date Range
1/1/2000 - 1/1/2010
Summary
The Balance on Current Account for the Syrian Arab Republic measures the difference between the value of a country's imports and exports of goods, services, and investment income.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator provides insight into a country's international trade and financial position. It is an important metric for policymakers and economists in assessing a nation's economic health and external competitiveness.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF).
Historical Context
The current account balance is closely monitored by institutions and analysts to evaluate a country's economic policies and exchange rate policies.
Key Facts
- The Syrian current account balance has been negative since 2011 due to the ongoing civil war.
- In 2020, Syria's current account deficit was approximately $1.7 billion.
- The current account is an important indicator of a country's economic stability and global competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Balance on Current Account for the Syrian Arab Republic measures the difference between the value of the country's imports and exports of goods, services, and investment income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is an important indicator of a country's economic health and external competitiveness, providing insight into its international trade and financial position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by institutions and analysts to evaluate a country's economic policies and exchange rate policies.
Q: Are there update delays or limitations?
A: The data for the Syrian current account balance may be subject to update delays or limitations due to the ongoing political and economic instability in the country.
Related Trends
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Overall Non-Oil Fiscal Balance for General Government for Syrian Arab Republic
SYRGGBXOGDPXOGDPXOPT
Use of Financial Services: Number of Depositors at Commercial Banks for Syrian Arab Republic
SYRFCDODCPENUM
Gross Domestic Product in Constant Prices for Syrian Arab Republic
SYRNGDPRPCHPT
Value of Exports to Syrian Arab Republic from Kentucky
KYSYRA052SCEN
Use of Financial Services: Number of Loan Accounts at Commercial Banks for Syrian Arab Republic
SYRFCNODCNUM
Citation
U.S. Federal Reserve, Balance on Current Account for Syrian Arab Republic (SYRBCAUSD), retrieved from FRED.