Syrian Arab Republic: Merchandise trade (% of GDP)
In , Syrian Arab Republic's Merchandise trade (% of GDP) was 44.87.
That's down 0.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Syrian Arab Republic ranks #124 globally out of 197 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #14 of 22.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
- 2010 · Arab Spring begins
Highlights
- Peak
- 69.91
- Trough
- 36.22
- 1-year change
- -0.5%
- 5-year change
- +7.3%
- +1.4% / yr
- 10-year change
- -15.2%
- -1.6% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 44.8660 | |
| 45.1098 | |
| 36.3039 | |
| 56.7330 | |
| 69.9135 | |
| 41.8101 | |
| 44.4883 | |
| 53.1954 | |
| 58.0337 | |
| 52.4204 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Syrian Arab Republic's Merchandise trade (% of GDP) in 2024?
- In 2024, Syrian Arab Republic's Merchandise trade (% of GDP) was 44.87, according to World Bank Open Data.
- Is Syrian Arab Republic's Merchandise trade (% of GDP) rising or falling?
- Syrian Arab Republic's Merchandise trade (% of GDP) fell 0.5% from 2023 to 2024.
- How does Syrian Arab Republic rank globally on Merchandise trade (% of GDP)?
- In 2024, Syrian Arab Republic ranked #124 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Syrian Arab Republic's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Syrian Arab Republic is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #14 of 22.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.