GDP (239)

16-05-2005
The Baath Party conference will set the political tone for the coming period. It will also set the agenda for the much needed economic reform in Syria. The Syria Report talks to Abdullah Dardari, Head of the State Planning Commission, about what the ex...
09-02-2005
The rise in price of real estate in Syria, and in Damascus in particular, is expected to pause in the second half of the year, according to analysts in Damascus.
09-02-2005

Syria’s huge debt to Russia has been largely written off following the visit to Moscow of Syrian President Bashar al-Assad late January.

10-01-2005

Syria’s income from tourism is estimated to have reached USD 1.85 billion in 2004, an annual 31% rise from 2003 (USD 1.414 billion), according to the Ministry of Tourism.

01-12-2004
Syria's 2005 budget should grow to SYP 460 billion from SYP 449.5 billion in 2004, a 2.2% annual increase.
01-11-2004
According to the World Investment Report, an annual publication of the United Nations Conference on Trade and Development (UNCTAD), Foreign Direct Investment in Syria reached USD 150 million in 2003.
01-10-2004

Syria has decided to enter into talks with the European Free Trade Association (EFTA), the largest grouping of European countries outside the European Union. EFTA groups the countries of Iceland, Liechtenstein, Norway and Switzerland in a free trade ag...

Syria has decided to enter into talks with the European Free Trade Association (EFTA), the largest grouping of European countries outside the European Union. EFTA groups the countries of Iceland, Liechtenstein, Norway and Switzerland in a free trade agreement pact.

01-08-2004
Syria witnesses a significant rise in literacy rates. Otherwise, its development indicators remain stable. Expenditure on education is falling while women participation in the work place is on the rise.
01-06-2004
In case any doubts still remained, the Syrian authorities have made sure that their new position towards the future role and size of the public sector is now clear.
01-05-2004

According to the latest data released in its annual publication, the World Economic Outlook, the International Monetary Fund expects Syria's GDP to grow by 3.6% this year and 4.0% in 2005, i.e. slightly higher than the figures of the last two years.

01-05-2004
The IMF expects Syria's GDP growth to reach 3.6% this year and to rise slightly to 4% in 2004.
01-05-2004

According to the latest data released in its annual publication, the World Economic Outlook, the International Monetary Fund expects Syria's GDP to grow by 3.6% this year and 4.0% in 2005, i.e. slightly higher than the figures of the last two years.

01-04-2004
The annual report of the Damascus Chamber of Commerce portrays an economy that is slightly growing. The Syrian Pound, however, is forecast to loose from 5 to 10% of its value.
01-01-2004
January The Syrian President issues a decree enacting the new law regulating the Free Trade Zones in the country.
01-12-2003

By Samir Aïta*

The technical negotiations for the Association Agreement (AA) between Syria and the European Union appear to have reached a conclusive stage. 

01-10-2003
Syria has witnessed a 10% increase in Foreign Direct Investment inward flows in 2002 according to the latest World Investment Report (WIR) of the United Nations Conference on Trade and Development (UNCTAD).
01-10-2003

Beyond its political message, the new Syrian cabinet also carries an economic one. Instead of the previous contradictory triumvirate made of the minister of Industry (a proclaimed Marxist), the minister of finance (a liberal technocrat converted to state capitalism) and the minister of economy (a pragmatic liberal), the new economic team is evolving around two axes.

01-07-2003
The United Nations Development Programme (UNDP) has released its annual Human Development Report.
01-07-2003

In the last few years, the European Investment Bank has established itself as one of the main providers of finance to Syria.

01-06-2003

One year after providing its first loan, the Agency for Combating Unemployment (ACU), also referred to as the Unemployment Commission), continues to attract very strong interest from the specialists and the wider public.

01-06-2003
The Government is set to approve and send to Parliament a number of long-awaited laws. Among them is a new Commercial and trade law as well as a new customs law.
01-06-2003
The Syrian Government has finalised its draft text on the economic reform programme (ERP) it hopes to put in place in order to overhaul the Syrian economy and help it overcome the strong structural obstacles and stagnant economic growth it has now been...
01-05-2003

Private Banking is now a reality in Syria. Whether the introduction of private investors into the financial sector will be enough to revive it remains to be seen, but an important step in the reform of the Syrian economy has now been passed.

01-04-2003

The latest round of negotiations for a partnership agreement between Syria and the European Union, held on March 12 and 13 in Damascus, witnessed significant progress.

01-03-2003

The 10th round of the EU-Syria negotiations for an Association Agreement (AA) will be held on March 12 and 13 in Damascus after they were postponed from an earlier mid-February date.

01-02-2003
According to preliminary figures from the Ministry of Tourism, the number of tourist arrivals crossed the 4 million mark last year, the first time ever, to reach a total of 4.3 million.
01-01-2003
Syria's Gross Domestic Product (GDP) grew 3.35 percent in 2002, according to the Minister of Economy, Ghassan al-Rifai.
23-09-2002

The end of the week has seen a drop of around 15 percent in the value of the Syrian pound, falling to as much as SYP58 per USD1 on Thursday 19, before recovering to the SYP54-55 level on Sunday 22.

03-07-2002
An economic reforms program announced by Mohammed al-Hussein, deputy PM in charge of economic affairs forecasts a 4% GDP growth by 2006 and around USD600 of investments in the tourism sector.
06-05-2002
According to Syria's minister of agriculture, the country's reserves in wheat have reached 2 years milling requirements.
29-03-2002
Syria plans a threefold increase of the share of the tourism industry in the country's Gross Domestic Product, said Saadallah Agha al-Qall'a, Minister of Tourism.
09-03-2002
Syria's economy grew by 5.9 percent in 2001, from SYP897 billion (USD17.94 billion) in 2000 to SYP950 billion (USD19 billion) last year.
01-01-2002

In his speech, last December, before the newly-sworn in cabinet, Bashar al Assad felt necessary to mention, among the general policy guidelines he laid down for his government, one specific sector he thought his newly nominated team had to address urgently, the water crisis his country is facing.

01-01-2002

In its drive to spur GDP growth, the Syrian government has been trying, for several years now, to attract foreign direct investment.

01-01-2002

In its drive to spur GDP growth, the Syrian government has been trying, for several years now, to attract foreign direct investment. However, outside the oil and tourism sectors, this policy has failed to yield significant results and the international business community still seems to be backing off from the country.

03-12-2001
In an interview to Al Hayat, Khaled al Mahayni, the Syrian minister of finance said that revenues from oil will make up 50.2% of the state expected revenues for next year.
03-12-2001
In an interview to Al Hayat, Khaled al Mahayni, the Syrian minister of finance said that revenues from oil will make up 50.2% of the state expected revenues for next year.
19-11-2001
The Central Bureau of Statistics (CBS) revealed that GDP growth for year 2000 reached 0.6%.
14-11-2001

The French Centre for External Trade (CFCE), in co-operation with the French Senate, organised on November 14th a seminar on trade and investment in the Levant (Jordan, Lebanon, Syria).