Economy - overview:
Syrian economic growth slowed to 1.8% in 2009 as the global economic crisis affected oil prices and the economies of Syria's key export partners and sources of investment. Damascus has implemented modest economic reforms in the past few years, including cutting lending interest rates, opening private banks, consolidating all of the multiple exchange rates, raising prices on some subsidized items, most notably gasoline and cement, and establishing the Damascus Stock Exchange - which began operations in 2009. In addition, President ASAD signed legislative decrees to encourage corporate ownership reform, and to allow the Central Bank to issue Treasury bills and bonds for government debt. Nevertheless, the economy remains highly controlled by the government. Long-run economic constraints include 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: 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: Oil - proved reserves: 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: The information regarding Syria on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Syria Economy 2011 information contained here. All suggestions for corrections of any errors about Syria Economy 2011 should be addressed to the CIA.
$106.4 billion (2010 est.)
country comparison to the world: 68
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$59.63 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
4% (2010 est.)
country comparison to the world: 83
[see also: GDP - real growth rate country ranks ]
$4,800 (2010 est.)
country comparison to the world: 152
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 17.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
26.8%
[see also: GDP - composition by sector - industry country ranks ]
services:
55.6% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
5.527 million (2009 est.)
country comparison to the world: 69
[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 ]
8.3% (2010 est.)
country comparison to the world: 95
[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 ]
16.6% of GDP (2009 est.)
country comparison to the world: 121
[see also: Investment (gross fixed) country ranks ]
revenues: $12.53 billion
[see also: Budget - revenues country ranks ]
expenditures:
$15.3 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
29.8% of GDP (2010 est.)
country comparison to the world: 88
[see also: Public debt country ranks ]
5.9% (2010 est.)
country comparison to the world: 159
[see also: Inflation rate (consumer prices) country ranks ]
5% (31 December 2009)
country comparison to the world: 88
[see also: Central bank discount rate country ranks ]
10.04% (31 December 2009 est.)
country comparison to the world: 87
[see also: Commercial bank prime lending rate country ranks ]
$21.6 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$161 billion (31 December 2009)
[see also: Stock of broad money country ranks ]
$27.14 billion (31 December 2010 est.)
country comparison to the world: 71
[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% (2009 est.)
country comparison to the world: 54
[see also: Industrial production growth rate country ranks ]
36.5 billion kWh (2007 est.)
country comparison to the world: 58
[see also: Electricity - production country ranks ]
27.35 billion kWh (2007 est.)
country comparison to the world: 63
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
1.4 billion kWh (2007)
[see also: Electricity - imports country ranks ]
400,400 bbl/day (2009 est.)
country comparison to the world: 33
[see also: Oil - production country ranks ]
252,000 bbl/day (2009 est.)
country comparison to the world: 50
[see also: Oil - consumption country ranks ]
155,000 bbl/day (2008 est.)
country comparison to the world: 56
[see also: Oil - exports country ranks ]
58,710 bbl/day (2007 est.)
country comparison to the world: 81
[see also: Oil - imports country ranks ]
2.5 billion bbl (1 January 2010 est.)
country comparison to the world: 33
[see also: Oil - proved reserves country ranks ]
6.04 billion cu m (2008 est.)
country comparison to the world: 47
[see also: Natural gas - production country ranks ]
6.18 billion cu m (2008 est.)
country comparison to the world: 56
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 114
[see also: Natural gas - exports country ranks ]
140 million cu m (2008 est.)
country comparison to the world: 65
[see also: Natural gas - imports country ranks ]
240.7 billion cu m (1 January 2010 est.)
country comparison to the world: 43
[see also: Natural gas - proved reserves country ranks ]
$649 million (2010 est.)
country comparison to the world: 48
[see also: Current account balance country ranks ]
$12.84 billion (2010 est.)
country comparison to the world: 78
[see also: Exports country ranks ]
crude oil, minerals, petroleum products, fruits and vegetables, cotton fiber, textiles, clothing, meat and live animals, wheat
Iraq 30.22%, Lebanon 12.21%, Germany 8.89%, Egypt 6.8%, Saudi Arabia 5.04%, Italy 4.55% (2009)
$13.57 billion (2010 est.)
country comparison to the world: 82
[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 10.1%, China 9.95%, Turkey 6.97%, Egypt 6.44%, UAE 4.97%, Italy 4.93%, Russia 4.92%, Germany 4.38%, Lebanon 4.12% (2009)
$17.96 billion (31 December 2010 est.)
country comparison to the world: 41
[see also: Reserves of foreign exchange and gold country ranks ]
$7.682 billion (31 December 2010 est.)
country comparison to the world: 93
[see also: Debt - external country ranks ]
Syrian pounds (SYP) per US dollar - 46.456 (2010), 46.7082 (2009), 46.5281 (2008), 50.0085 (2007), 51.689 (2006)
This page was last modified 09-Feb-11