GDP (238)


Syria rose one rank in the Human Development Index in 2019, placing 151 out of 189 countries, but is the worst performing country in the world over the past decade according to the metrics used.


A new report has assessed the cost of a decade of conflict on Syria’s economy at more than USD 1.2 trillion - the highest ever estimate.


Syrian President Bashar Al-Assad has sought to place blame for Syria’s economic crisis on Syrians who transferred their money to Lebanese banks, portraying these transfers as a major factor alongside sanctions and other fallout from the conflict.


More inflation data from the government shows that prices jumped by around a third last year.


A recent report has confirmed the large-scale losses incurred by the Syrian economy during the conflict and provided estimates about business activity.


The government’s Central Bureau of Statistics (CBS) has updated its inflation data for most of last year, confirming that there was an acceleration in consumer prices.


The collapse of the Syrian pound has hiked the price of key fodder inputs, which are already facing shortages. Eventually, this will have an impact on the cost of food.


Despite growing by almost eight percent last year, all major indicators indicate a deep deterioration in economic and social conditions in Syria, a recently released report has said.


An interview with Rabie Nasser, one of the authors of a recent report on the impact of the conflict on Syria’s economy and society.


Syrian official data indicates that the country’s gross domestic product increased in 2018 for the first time since 2012.


This table provides data on Syria's gross domestic product between 2010 and 2018.


The combined assets of Syrian private sector banks increased last year, but this was the result of the growth in the assets of a single bank. Rising inflation also means that in real terms assets declined.


The Syrian Cabinet established on September 23 a new committee to oversee the reform of the state-owned economic enterprises, the latest of such efforts that have been ongoing for at least the past two decades.


In 2017, for the sixth year in a row, Syria’s gross domestic product declined, although at a slower pace than in previous years, while the government’s contribution fell significantly, official data show.


Official data indicate that the Ministry of Defence continues to play an important role in the Syrian economy and is a major source of demand.


A UN agency has estimated that in the past year the war has generated additional losses of some USD 60 billion to the Syrian economy.


Syria’s revenues from taxes doubled in the past two years, a government official said, although they still stand at only a fraction of their pre-uprising level.


Syria’s gross domestic product fell in 2016 to a fifth of its pre-uprising value according to official statistics released for the first time.


The Syrian government has adopted several trade measures to encourage the textile industry, a major sector of activity in the country.


Data from several business sectors are confirming that Syria’s economy likely grew last year.


Syria’s foreign trade value, composed overwhelmingly of imports, increased by some 18 percent in the first ten months of 2017, according to official reports.


The Damascus Securities Exchange ended 2017 on a high note with investors making positive returns for the first time since 2010.


ESCWA estimates that the losses in physical capital incurred by Syria in the past six years amounts to USD 100 billion.


This table provides estimates of GDP growth and level during the past six years compared with how they were forecast prior to the uprising and the economic loss that resulted from that differential and from the physical destruction.


Despite the massive physical destruction Syria has suffered, the disruption of its economic system has had a much higher impact on its economy, a report by the World Bank says.


The Central Bank of Syria is reportedly considering issuing dollar-denominated treasury bonds to finance the import of energy products, a prospect that could reflect a disconnect of the financial authorities with economic and political realities.


Some USD 11 billion would be required to kickstart Syria’s agricultural production, improve livelihoods, and reduce migration and the need for humanitarian aid, a report by the FAO has found.


Next year, Syria could witness the first annual increase in its gross domestic product since the beginning of the uprising six years ago, although no serious reconstruction effort will start.

Since the beginning of the uprising, Syria's public debt has multiplied by 11, Adib Mayaleh, the Minister of Economy has said.


It could take up to 20 years for Syria to recover its GDP of 2010, the International Monetary Fund estimates in a recent report.


Syria’s GDP will continue to decline next year, albeit at a slower rate, according to ESCWA, a UN body.


According to the Ministry of Economy, Syria’s import bill last year halved on an annual basis.


Key Syrian economic indicators between 2010 and 2015 based on data from the International Monetary Fund.


Syria's balance of payments between 2010 and 2015 based on data from the International Monetary Fund.


Syria’s balance of payments remained largely in the red last year as the current account continued to suffer from dismal goods and services exports, the IMF said in a report on the state of the Syrian economy.


The role of the World Bank will be crucial in the estimated USD 180 billion reconstruction cost of Syria, Jim Yong Kim, the President of the Washington institution said.


Foreign currency receipts in 2015 represented only 15 percent of outlays, the Syrian Minister of Finance said, leading to a significant balance of payments deficit.


The cost of the war on Syria’s economy reached USD 275 billion by the end of 2015 and will almost double even in the event of an end to the conflict now, a report has found. 


Syria’s economic, financial and social indicators continued to deteriorate in 2015, while consumption in areas outside Government control is weighing increasingly in the economy, a recent report has found.


Estimates and projections on Syria’s economic performance remain as difficult as ever to make as shown in two recent global publications.


The dollar has edged past the 300 pound level again as the Central Bank of Syria has issued new one-thousand pound notes without the picture of Hafez Al-Assad.


Humanitarian aid spent on Syrian refugees in Lebanon has had a positive impact on GDP growth in that country, a recent report commissioned by the UN has shown.


Syria’s gross domestic product is forecast to continue to decline this year and next albeit at lower rates than in past years.


Syria’s economy lost some USD 203 billion in the last four years, according to a report recently released by a Damascus-based organisation.


Tax evasion in Syria is at some 8 percent of GDP, according to estimates produced by the General Workers Union.


A report by a UN-affiliated body has provided a dramatic picture of Syria’s main economic and social indicators, three and a half years after the beginning of the popular uprising.


Syria’s gross domestic product is forecast to grow this year for the first time since the beginning of the uprising in 2011, a Government official said.


The World Bank is forecasting a further fall in Syria’s gross domestic product this year and next although at a rate that is lower than in previous years.