, A report by Strategic Foresight Group, an India-based think tank, calculated the opportunity cost of conflict for the Middle East for 1991–2010 at US$12 trillion in 2006 dollars. Syria has taken gradual steps to loosen controls over foreign exchange.  In 2018, the World Bank estimated that about one-third of Syria's housing stock and one half of its health and education facilities have been destroyed by the conflict. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. GDP Annual Growth Rate across Middle East. Foreign aid to Syria in 1997 totaled an estimated US$199 million. Before the war, Syria’s economy was based on oil production, agriculture, industry and tourism. (billed annually). Deposit Interest Rate in Syria at 6.22 percent, Syria Current Account to GDP at -0.62 percent, Syria Current Account at -418.30 SYP Billion, Syria Crude Oil Production at 35.00 BBL/D/1K, Syria Corporate Tax Rate at 28.00 percent, Syria Consumer Price Index (cpi) at 880.23 points, Syria Competitiveness Index at 3.85 Points, Dollar Up for 3rd Day to Book Best Week in a Month, TSX Drops on Friday, Books 4.5% Weekly Loss, Brent Crude Down for 3rd Day to Book Biggest Weekly Loss since April, WTI Crude Tumbles 11% in October on Demand Concerns, Kenya October Inflation Rate at 5-Month High of 4.84%. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Access the latest politics analysis and economic growth summary through 2011 for Syria from The Economist Intelligence Unit Syria Economy, Politics and GDP Growth Summary - … This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. The World Bank reported that in July 2004 that it had committed a total of US$661 million for 20 operations in Syria. In 2001, private banking in Syria has been legalized. The six specialized state-owned banks — the Central Bank of Syria, Commercial Bank of Syria, Agricultural Co-Operative Bank, Industrial Bank, Popular Credit Bank, and Real Estate Bank — are major financial operators. Syrian oil production has been about 379,000 barrels per day (bpd). In October 2009, Syria further loosened its restrictions on currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to US$10,000 from their Syrian pound accounts. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. In the 2000s, Syria started reforms in the financial sector, including the introduction of private banks and the opening of the Damascus Securities Exchange in March 2009. Publish your articles and forecasts in our website. , In 2001 Syria reportedly produced 23.3 billion kilowatt hours (kWh) of electricity and consumed 21.6 billion kWh. Under Syrian President Bashar al-Assad, national debt in relation to GDP went from 152.09% 2000 down to 30.02% in 2010. , Less than 2.7% of Syria's land area is forested, and only a portion of that is commercially useful. Annual percentage growth rate of GDP at market prices based on constant local currency.  Each year more than 200,000 new job seekers enter the Syrian job market, but the economy has not been able to absorb them. FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Create . , Because land prices are not controlled by the state, real estate is one of the few domestic avenues for investment with realistic and safe returns. [see also: GDP (official exchange rate) country ranks] GDP - real growth rate:-36.5% (2014 est.) Activity in the construction sector tends to mirror changes in the economy. After General Hafez al-Assadtook power in 1970, restrictions on private enterprise were relaxed, though a substantial part of the economy was still under government control. Tourism in Syria has greatly reduced as a result of the Syrian Civil War, that began in 2011 and is ongoing, and its associated refugee crisis. , Syria Export Treemap by Product (2014) from. In the early 1980s, light-grade, low-sulphur oil was discovered near Deir ez-Zor in eastern Syria.  The power distribution network has serious problems, with transmission losses estimated as high as 25 percent of total generated capacity as a result of poor quality wires and transformer stations. Wheat has been one of the crops most affected, and for the first time in 2 decades Syria has moved from being a net exporter of wheat to a net importer. On the other hand, higher crude oil prices countered declining oil production and led to higher budgetary and export receipts.. Syrian Arab Republic GDP Growth Rate 1961-2020, Syrian Arab Republic gdp growth rate for 2007 was, Syrian Arab Republic gdp growth rate for 2006 was, Syrian Arab Republic gdp growth rate for 2005 was, Syrian Arab Republic gdp growth rate for 2004 was. Syrian Arab Republic GDP Per Capita 1960-2020, Syrian Arab Republic gdp per capita for 2007 was, Syrian Arab Republic gdp per capita for 2006 was, Syrian Arab Republic gdp per capita for 2005 was, Syrian Arab Republic gdp per capita for 2004 was. "Strategic" products such as wheat, barley, and sugar beets, must be sold to state marketing boards at fixed prices, often above world prices in order to support farmers, but at a significant cost to the state budget. This discovery relieved Syria of the need to import light oil to mix with domestic heavy crude in refineries. and over 1 Mio. The Syrian annual inflation rate is one of the highest in the world. Syria's economic history has been turbulent, and has deteriorated considerably since the beginning of the Syrian Civil War. ", IMF, Syria : Growth rate of the real gross domestic product (GDP) from 2000 to 2010 (compared to the previous year) Statista, https://www.statista.com/statistics/326657/gross-domestic-product-gdp-growth-rate-in-syria/ (last visited October 30, 2020), Syria : Growth rate of the real gross domestic product (GDP) from 2000 to 2010, Life expectancy at birth in Syria 2018, by gender, Median age of the population in Syria 2015, Gross domestic product (GDP) in Syria 2010, Gross domestic product (GDP) per capita in Syria 2010, Gross domestic product (GDP) growth rate in Syria 2010, Syria: Share in global GDP adjusted for PPP 2010, Share of economic sectors in the GDP in Syria 2007, National debt of Syria in relation to gross domestic product (GDP) 2010, Ratio of government expenditure to gross domestic product (GDP) in Syria 2010, Syria's budget balance in relation to GDP 2010, Total population of the MENA countries 2018, Life expectancy at birth in the MENA countries 2018, Gross domestic product of the MENA countries in 2018, Gross domestic product (GDP) per capita in the MENA countries 2018, Inflation rate in the MENA countries 2018, Trade balance of goods in the MENA countries 2019, National debt of MENA countries in relation to gross domestic product (GDP) 2018, Cumulative cases of COVID-19 worldwide from January 8 to October 29, 2020, by day, Gross domestic product (GDP) growth rate in the Arab world 2018, Gross domestic product (GDP) growth rate in Togo 2021, Gross domestic product (GDP) growth rate in Samoa 2021, Gross domestic product (GDP) growth rate in Georgia 2021*, Gross domestic product (GDP) growth rate in Kyrgyz Republic 2021, Gross domestic product (GDP) growth rate in Taiwan 2021, Gross domestic product (GDP) growth rate in the BRIC countries 2021, Gross domestic product (GDP) growth rate in North Macedonia 2021, Preferred regions to migrate to for Syrian refugees in 2015, Age of unaccompanied Syrian children who applied for UK asylum 2007-2015, Changes in British opinion on US military operations against Islamic State in Syria, British public opinion on UK air strikes in Syria by political stance, Opinion of Americans towards the Russian plan to dismantle Syria's chemical weapons, Share of ceramic tile production in India by mode 2017, Retail price index of kerosene stoves in India 2019, Vibration isolating rubber sales volume in Japan 2012-2019, Production volume of propylene in South Korea 2009-2019, Syria : Growth rate of the real gross domestic product (GDP) from 2000 to 2010 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.
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