syria gdp growth rate

Syrian Arab Republic gdp growth rate for 2004 was 6.90%, a 6.3% increase from 2003. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The Central Bank of Syria began operations in 1959. [citation needed].

[69], The Syrian Center for Policy Research stated in March 2015 that, by then, nearly three million Syrians had lost their jobs because of the civil war, causing the loss of the primary source of income of more than 12 million people; unemployment levels "surged" from 14.9 percent in 2011 to 57.7 percent at the end of 2014.

In 2003, the government canceled a law that criminalized private sector use of foreign currencies, and in 2005 it allowed licensed private banks to sell specific amounts of foreign currency to Syrian citizens under certain circumstances and to the private sector to finance imports. In 2017, the World Bank produced two reports on the impact of the Syrian conflict: (i) a Damage Assessment of Aleppo, Idlib, and Hama, and (ii) an Economic and Social Impact Analysis of the conflict in Syria, called the Toll of War. This feature is limited to our corporate solutions. Download historical data for 20 million indicators using your browser. -30.9% (2013 est.) [10] Limited forestry activity is centered in the higher elevations of the mountains just inland from the coast, where rainfall is more abundant. Current Syria GDP Growth Rate is 5.70%. [67] Anecdotal evidence suggests that many more Syrians are seeking work over the border in Lebanon than official numbers indicate. GDP per capita is gross domestic product divided by midyear population. The Trading Economics Application Programming Interface (API) provides direct access to our data. Corporate solution including all features. By the 1980s, Syria was politically and economically isolated, and in the midst of a deep econo… (April 15, 2020). [53], The industrial sector, which includes mining, manufacturing, construction, and petroleum, accounted for 27.3 percent of gross domestic product (GDP) in 2010 and employed about 16 percent of the labor force. Statista.

Deposit Interest Rate in Syria at 6.22 percent, Syria Current Account to GDP at -0.62 percent, Syria Current Account at -418.30 SYP Billion, Syria Crude Oil Production at 35.00 BBL/D/1K, Syria Corporate Tax Rate at 28.00 percent, Syria Consumer Price Index (cpi) at 880.23 points, Syria Competitiveness Index at 3.85 Points, Dollar Up for 3rd Day to Book Best Week in a Month, TSX Drops on Friday, Books 4.5% Weekly Loss, Brent Crude Down for 3rd Day to Book Biggest Weekly Loss since April, WTI Crude Tumbles 11% in October on Demand Concerns, Kenya October Inflation Rate at 5-Month High of 4.84%. 1971-2017 Data | 2019-2020 Forecast | Historical.

(Ohachq) Most irrigated land is designated "strategic", meaning that it encounters significant state intervention in terms of pricing, subsidies, and marketing controls. Publish your articles and forecasts in our website. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. generally agree that Syria will become a net importer of petroleum by the end of the next decade. [38], Water and energy are among the most pervasive issues facing the agriculture sector. "Syria : Growth rate of the real gross domestic product (GDP) from 2000 to 2010 (compared to the previous year)."

[65]. [68] Government officials acknowledge that the economy is not growing at a pace sufficient to create enough new jobs annually to match population growth. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website. Given the policies adopted from the 1960s through the late 1980s, Syria refused to join the "global economy". Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. The output of grains like wheat is often underutilized because of poor storage facilities. [10] Syria's manufacturing sector was largely state dominated until the 1990s, when economic reforms allowed greater local and foreign private-sector participation. Major elements of current Syrian trade rules would have to change in order to be consistent with the WTO. Syria has been subject to sanctions by US, Canada, EU, Arab League and Turkey because of the civil war.

The most widely grown arable crop is wheat, but the most important cash crop is cotton; cotton was the largest single export before the development of the oil sector. [14] The Syrian economy experienced strong growth throughout the 1990s, and into the 2000s. Syrian Arab Republic GDP Per Capita - Historical Data; Year GDP Per Capita (US $) Annual Growth Rate (%) 2007: $2,033: 16.22%: 2006: $1,749: 11.27%: 2005: $1,572 [45], Because land prices are not controlled by the state, real estate is one of the few domestic avenues for investment with realistic and safe returns.

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