Imports of Goods and Services for Syrian Arab Republic
SYRBMUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,392,395,946.50
Year-over-Year Change
294.06%
Date Range
1/1/2000 - 1/1/2010
Summary
The 'Imports of Goods and Services for Syrian Arab Republic' economic trend measures the total value of all goods and services imported into Syria. This metric is crucial for understanding Syria's trade balance and overall economic activity.
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 indicator represents the monetary value of all products and services brought into Syria from foreign countries. It is an important component of Syria's gross domestic product (GDP) and a key statistic used by economists to analyze the nation's international trade and economic performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from Syrian government agencies and international trade organizations.
Historical Context
Policymakers and market analysts closely monitor Syria's imports to gauge the country's economic health and trade relationships.
Key Facts
- Syria's imports peaked at $22.9 billion in 2010.
- Imports declined sharply after 2011 due to the Syrian civil war.
- As of 2020, Syria's imports were valued at just $2.6 billion.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods and Services for Syrian Arab Republic' indicator measures the total monetary value of all products and services imported into Syria from foreign countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Syria's trade balance, economic activity, and international trade relationships.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from Syrian government agencies and international trade organizations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor Syria's imports to gauge the country's economic health and trade dynamics.
Q: Are there update delays or limitations?
A: Due to the ongoing conflict in Syria, there may be delays or limitations in the reporting and availability of this data.
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Citation
U.S. Federal Reserve, Imports of Goods and Services for Syrian Arab Republic (SYRBMUSD), retrieved from FRED.