Economy - overview:
After modest economic reform in recent years, Syria's economy suffered the effects of political unrest and violence in 2011. Economic growth slowed because of international sanctions and reduced domestic consumption and production. Prior to the unrest, Damascus had cut lending interest rates, opened private banks, consolidated multiple exchange rates, raised prices on some subsidized items, and established the Damascus Stock Exchange, which began operations in 2009. The economy remains highly regulated by the government, which has increased subsidies and tightened trade controls to assuage protesters and protect foreign currency reserves. Long-run economic constraints include foreign trade barriers, declining oil production, high unemployment, rising budget deficits, and increasing pressure on water supplies caused by heavy use in agriculture, rapid population growth, industrial expansion, and water pollution.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Syria on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Syria Economy 2012 information contained here. All suggestions for corrections of any errors about Syria Economy 2012 should be addressed to the CIA.
$107.6 billion (2011 est.)
country comparison to the world: 69
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$64.7 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
-2% (2011 est.)
country comparison to the world: 206
[see also: GDP - real growth rate country ranks ]
$5,100 (2011 est.)
country comparison to the world: 145
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 17.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 28.2%
[see also: GDP - composition by sector - industry country ranks ]
services: 54.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
5.64 million (2011 est.)
country comparison to the world: 67
[see also: Labor force country ranks ]
agriculture: 17%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 16%
[see also: Labor force - by occupation - industry country ranks ]
services: 67% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]
8.1% (2011 est.)
country comparison to the world: 98
[see also: Unemployment rate country ranks ]
11.9% (2006 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
17.6% of GDP (2011 est.)
country comparison to the world: 145
[see also: Investment (gross fixed) country ranks ]
revenues: $13.47 billion
[see also: Budget revenues country ranks ]
expenditures: $18.31 billion (2011 est.)
[see also: Budget expenditures country ranks ]
20.8% of GDP (2011 est.)
country comparison to the world: 151
[see also: Taxes and other revenues country ranks ]
-7.5% of GDP (2011 est.)
country comparison to the world: 181
[see also: Budget surplus (+) or deficit (-) country ranks ]
34.4% of GDP (2011 est.)
country comparison to the world: 90
[see also: Public debt country ranks ]
7% (2011 est.)
country comparison to the world: 154
[see also: Inflation rate (consumer prices) country ranks ]
0.75% (31 December 2011 est.)
country comparison to the world: 73
[see also: Central bank discount rate country ranks ]
10.5% (31 December 2011 est.)
country comparison to the world: 100
[see also: Commercial bank prime lending rate country ranks ]
$26.32 billion (31 December 2011 est.)
country comparison to the world: 61
[see also: Stock of narrow money country ranks ]
$46.52 billion (31 December 2011 est.)
country comparison to the world: 68
[see also: Stock of broad money country ranks ]
$31.84 billion (31 December 2011 est.)
country comparison to the world: 70
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
wheat, barley, cotton, lentils, chickpeas, olives, sugar beets; beef, mutton, eggs, poultry, milk
petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, car assembly
6% (2010 est.)
country comparison to the world: 52
[see also: Industrial production growth rate country ranks ]
38.71 billion kWh (2008 est.)
country comparison to the world: 56
[see also: Electricity - production country ranks ]
28.99 billion kWh (2008 est.)
country comparison to the world: 61
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
401,000 bbl/day (2010 est.)
country comparison to the world: 34
[see also: Oil - production country ranks ]
292,000 bbl/day (2010 est.)
country comparison to the world: 45
[see also: Oil - consumption country ranks ]
263,000 bbl/day (2009 est.)
country comparison to the world: 46
[see also: Oil - exports country ranks ]
55,280 bbl/day (2009 est.)
country comparison to the world: 85
[see also: Oil - imports country ranks ]
6.19 billion cu m (2009 est.)
country comparison to the world: 48
[see also: Natural gas - production country ranks ]
7.1 billion cu m (2009 est.)
country comparison to the world: 53
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 184
[see also: Natural gas - exports country ranks ]
910 million cu m (2009 est.)
country comparison to the world: 60
[see also: Natural gas - imports country ranks ]
240.7 billion cu m (1 January 2011 est.)
country comparison to the world: 42
[see also: Natural gas - proved reserves country ranks ]
-$2.452 billion (2011 est.)
country comparison to the world: 158
[see also: Current account balance country ranks ]
$12.66 billion (2011 est.)
country comparison to the world: 86
[see also: Exports country ranks ]
crude oil, minerals, petroleum products, fruits and vegetables, cotton fiber, textiles, clothing, meat and live animals, wheat
Iraq 30%, Lebanon 11.7%, Germany 8.8%, Italy 8.8%, Saudi Arabia 5% (2010)
$13.81 billion (2011 est.)
country comparison to the world: 87
[see also: Imports country ranks ]
machinery and transport equipment, electric power machinery, food and livestock, metal and metal products, chemicals and chemical products, plastics, yarn, paper
Saudi Arabia 11.2%, China 10.1%, Turkey 7.6%, UAE 5.5%, Italy 5.5%, Russia 4.6%, Lebanon 4.4%, Egypt 4.3%, Iran 4%, South Korea 4% (2010)
$15.64 billion (31 December 2011 est.)
country comparison to the world: 65
[see also: Reserves of foreign exchange and gold country ranks ]
$8.006 billion (31 December 2011 est.)
country comparison to the world: 99
[see also: Debt - external country ranks ]
Syrian pounds (SYP) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12