Syrian Arab Republic

Syrian Arab Republic : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$12.93 billion (2011 est.)
$15.94 billion (2010 est.)

Exports

$8.112 billion (2011 est.)
$12.27 billion (2010 est.)

Inflation rate (consumer prices)

4.8% (2011 est.)
4.4% (2010 est.)

Unemployment rate

12.3% (2011 est.)
8.6% (2010 est.)

GDP - per capita (PPP)

$5,100 (2011 est.)
$5,200 (2010 est.)
$5,100 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

4% (2010 est.)
5% (2009 est.)
4.3% (2008 est.)

Internet users

4.469 million (2009)

Telephones - mobile cellular

11.696 million (2009)

Population growth rate

-0.797% (2012 est.)

Population

22,530,746 (July 2012 est.)
note: approximately 18,100 Israeli settlers live in the Golan Heights (2010) (July 2012 est.)

Historical background

Following World War I, France acquired a mandate over the northern portion of the former Ottoman Empire province of Syria.

The French administered the area as Syria until granting it independence in 1946.

The new country lacked political stability, however, and experienced a series of military coups during its first decades.

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Syrian Arab Republic

Economic 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.

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The Economist Intelligence Unit

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