Economy of Syria
Population: 16.91 M (2018)
GDP per Capita:
0 M.

GDP USD

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0 M.

EXPORTS USD

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0 M.

IMPORTS USD

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%

PUBLIC DEBT

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 5.70 % (2007)
GDP of 2010 USD Syria
GDP Current USD USD 40.41 B. (2007)
GDP per Capita Current USD USD 2,033 (2007)
GDP per capita, PPP Syria
GDP per Capita, 2010 USD Syria

Government spending and balances

Indicator Value
Government Spending % GDP 12.31 % (2007)
Government Spending USD 4.97 B. (2007)
Government Debt % GDP % ()

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 143.92 (2018)
Trade Openness 76.48 % (2007)
Exports of Goods and Services % GDP 38.64 % (2007)
Exports Goods & Services USD 15.61 B. (2007)
Exports Annual Growth 1.41 % (2007)
Imports as % GDP 37.83 % (2007)
Total Imports USD 15.29 B. (2007)
Foreign Direct Investment % GDP 3.07 % (2007)
Foreign Direct Investment USD 1.47 B. (2010)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 20.63 B. (2010)
Remittances % GDP 2.55 % (2007)
Remittances USD 1,423 M. (2010)
Balance of Payments USD 1,134 M. (2010)

Labor Market

Indicator Value
Labor Force 4.80 M. (2019)
Unemployment Rate 8.18 % (2019)
Unemployment Rate Females 20.84 % (2019)
Unemployment Rate Males 5.91 % (2019)
Youth Unemployment (ages 15-24) 19.56 % (2019)
Labor Force Participation Rate 40.76 % (2019)
Labor Force (Percent Female) 16.46 % (2019)
Female Labor Force Participation Rate 11.75 % (2019)
Male Labor Force Participation Rate 69.83 % (2019)
Dependent People 56.07 % (2018)

Agriculture Sector

Indicator Value
Forest Area 2.70 % (2016)
Forest Area km² 4,910 km² (2016)
Agricultural Land 75.81 % (2016)
Agricultural Land km² 139,210 km² (2016)
Employment 14.66 % (2019)
Value added % GDP 19.54 % (2007)
Agriculture Value added USD 7.89 B. (2007)
Crop Production Index 78.00 (2016)
Precipitation 252 mm (2014)
Arable Land 25 % (2016)
Cereal Yield 1,622 kg/hectare (2017)
Food production index 85 (2016)
Rural Population 46 % (2018)
Fertilizer use of Arable Land 8 kg/hectare (2016)
Livestock Production Index 82 (2016)
Economy of Syria

According to the World Bank and its latest published data, the economy of the Syria presents a growth rate of 5.70 % (2007) to the previous year.

With a population that reaches 16.91 M (2018) and a gross domestic product of USD 40.41 B. (2007), it translates a Gross Domestic Product per Capita of USD 2,033 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Syria also has a workforce of 4.80 M. (2019) with an unemployment rate of 8.18 % (2019), where women represent 20.84 % (2019) and men 5.91 % (2019), the unemployment rate for young people between 15-24 years old stood at 19.56 % (2019). The total number of dependent people stands at 56.07 % (2018).

The central government spent 12.31 % (2007) of its gross domestic product that year, which in absolute terms is USD 4.97 B. (2007). Its consolidated public debt reached of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Syria exported USD 15.61 B. (2007), which represents 38.64 % (2007) of its gross domestic product, in that same sense its imports reached USD 15.29 B. (2007) with a direct foreign investment of USD 1.47 B. (2010).

Syria has a forest area of 4,910 km² (2016), which represents 2.70 % (2016) of its total area, an average rainfall of 252 mm (2014) per year and a population of 46 % (2018) living in rural areas. With a total area of 139,210 km² (2016) available for agriculture and 14.66 % (2019) of its employments, the agricultural sector contributes to the economy of the Syria about USD 7.89 B. (2007) (19.54 % (2007) of its GDP).