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Syria Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Syria Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 27,

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):
$107.6 billion (2011 est.)
country comparison to the world: 69

$109.9 billion (2010 est.)
$106.4 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$64.7 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-2% (2011 est.)
country comparison to the world: 206

3.2% (2010 est.)
6% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$5,100 (2011 est.)
country comparison to the world: 145

$5,200 (2010 est.)
$5,100 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
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 ]

Labor force:
5.64 million (2011 est.)
country comparison to the world: 67
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
8.1% (2011 est.)
country comparison to the world: 98

8.3% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
11.9% (2006 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Investment (gross fixed):
17.6% of GDP (2011 est.)
country comparison to the world: 145
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $13.47 billion
[see also: Budget revenues country ranks ]
expenditures: $18.31 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
20.8% of GDP (2011 est.)
country comparison to the world: 151
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-7.5% of GDP (2011 est.)
country comparison to the world: 181
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
34.4% of GDP (2011 est.)
country comparison to the world: 90

27.8% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
7% (2011 est.)
country comparison to the world: 154

4.4% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0.75% (31 December 2011 est.)
country comparison to the world: 73

5% (31 December 2010 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
10.5% (31 December 2011 est.)
country comparison to the world: 100

10% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$26.32 billion (31 December 2011 est.)
country comparison to the world: 61

$24.28 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$46.52 billion (31 December 2011 est.)
country comparison to the world: 68

$161 billion (31 December 2009)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$31.84 billion (31 December 2011 est.)
country comparison to the world: 70

$27.68 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
wheat, barley, cotton, lentils, chickpeas, olives, sugar beets; beef, mutton, eggs, poultry, milk

Industries:
petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, car assembly

Industrial production growth rate:
6% (2010 est.)
country comparison to the world: 52
[see also: Industrial production growth rate country ranks ]

Electricity - production:
38.71 billion kWh (2008 est.)
country comparison to the world: 56
[see also: Electricity - production country ranks ]

Electricity - consumption:
28.99 billion kWh (2008 est.)
country comparison to the world: 61
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
401,000 bbl/day (2010 est.)
country comparison to the world: 34
[see also: Oil - production country ranks ]

Oil - consumption:
292,000 bbl/day (2010 est.)
country comparison to the world: 45
[see also: Oil - consumption country ranks ]

Oil - exports:
263,000 bbl/day (2009 est.)
country comparison to the world: 46
[see also: Oil - exports country ranks ]

Oil - imports:
55,280 bbl/day (2009 est.)
country comparison to the world: 85
[see also: Oil - imports country ranks ]

Natural gas - production:
6.19 billion cu m (2009 est.)
country comparison to the world: 48
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
7.1 billion cu m (2009 est.)
country comparison to the world: 53
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 184
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
910 million cu m (2009 est.)
country comparison to the world: 60
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
240.7 billion cu m (1 January 2011 est.)
country comparison to the world: 42
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$2.452 billion (2011 est.)
country comparison to the world: 158

-$743.7 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$12.66 billion (2011 est.)
country comparison to the world: 86

$14.03 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
crude oil, minerals, petroleum products, fruits and vegetables, cotton fiber, textiles, clothing, meat and live animals, wheat

Exports - partners:
Iraq 30%, Lebanon 11.7%, Germany 8.8%, Italy 8.8%, Saudi Arabia 5% (2010)

Imports:
$13.81 billion (2011 est.)
country comparison to the world: 87

$16.98 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, electric power machinery, food and livestock, metal and metal products, chemicals and chemical products, plastics, yarn, paper

Imports - partners:
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)

Reserves of foreign exchange and gold:
$15.64 billion (31 December 2011 est.)
country comparison to the world: 65

$20.57 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$8.006 billion (31 December 2011 est.)
country comparison to the world: 99

$7.636 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Syrian pounds (SYP) per US dollar -

47.2 (2011 est.)
46.387 (2010 est.)
46.708 (2009)
46.5281 (2008)
50.0085 (2007)


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.
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






This page was last modified 07-Mar-12
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