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![]() ![]() Syria Economy - 1989 https://theodora.com/wfb1989/syria/syria_economy.html SOURCE: 1989 CIA WORLD FACTBOOK Overview: Syria's rigidly structured Bathist economy is turning out
roughly the same amount of goods in 1989 as in 1983, when the population
was 20% smaller. Economic difficulties are attributable, in part, to severe
drought in several recent years, costly but unsuccessful attempts to match
Israel's military strength, a fall-off in Arab aid, and insufficient foreign
exchange earnings to buy needed inputs for industry and agriculture. Socialist
policy, embodied in a thicket of bureaucratic regulations, in many instances
has driven away or pushed underground the mercantile and entrepreneurial spirit
GDP: $20.3 billion, per capita $1,962; real growth rate 5.6% (1985) Inflation rate (consumer prices): about 70% (1987) Unemployment rate: 5.0% (1986) Budget: revenues NA; expenditures $4.6 billion, including capital expenditures of $1.95 billion (1988) Exports: $1.3 billion (f.o.b., 1987 est.); @m5commodities--petroleum, textiles, fruits and vegetables, phosphates; @m5partners--Italy, Romania, USSR, US, Iran, France Imports: $2.7 billion (f.o.b., 1987 est.); @m5commodities--petroleum, machinery, base metals, foodstuffs and beverages; @m5partners--Iran, FRG, USSR, France, GDR, Libya, US External debt: $4.86 billion (1988 est.) Industrial production: growth rate 8.1% (1986 est.) Electricity: 2,619,000 kW capacity; 9,173 million kWh produced, 790 kWh per capita (1988) Industries: textiles, food processing, beverages, tobacco, phosphate rock mining, petroleum Agriculture: cotton, wheat, barley, tobacco; sheep and goats Aid: NA Currency: Syrian pound (plural--pounds); 1 Syrian pound (LS) = 100 piasters Exchange rates: Syrian pounds (LS) per US$1--11.2250 (fixed rate since 1987), 3.9250 (fixed rate 1976-87) Fiscal year: calendar year
NOTE: The information regarding Syria on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Syria Economy 1989 information contained here. All suggestions for corrections of any errors about Syria Economy 1989 should be addressed to the CIA. |
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