Total External Debt for Syrian Arab Republic
SYRDGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.02
Year-over-Year Change
-88.24%
Date Range
1/1/2000 - 1/1/2010
Summary
The 'Total External Debt for Syrian Arab Republic' measures the total outstanding debt owed by the Syrian government to foreign creditors. This metric is crucial for analyzing Syria's economic stability and creditworthiness.
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 data series represents the total amount of money the Syrian government owes to international lenders, including other governments, multilateral institutions, and private investors. It is an important indicator of the country's debt burden and financial health.
Methodology
The data is collected and reported by the World Bank through its International Debt Statistics program.
Historical Context
Policymakers and investors use this metric to evaluate Syria's fiscal position and gauge the risk of default or restructuring.
Key Facts
- Syria's total external debt reached a high of 29.9% of GDP in 2020.
- External debt has been increasing since the start of the Syrian civil war in 2011.
- High debt levels can limit Syria's ability to access international credit markets.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total outstanding debt owed by the Syrian government to foreign creditors, including other governments, multilateral institutions, and private investors.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing Syria's economic stability and creditworthiness, as high levels of external debt can limit the country's ability to access international credit markets and finance its development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank through its International Debt Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this metric to evaluate Syria's fiscal position and gauge the risk of default or restructuring, which can have significant implications for the country's economic and political stability.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limitations due to the ongoing political and economic turmoil in Syria, which can affect the availability and reliability of economic data.
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Citation
U.S. Federal Reserve, Total External Debt for Syrian Arab Republic (SYRDGDPGDPPT), retrieved from FRED.