Syria - Economy
How is the economy of Syria? Based on the information we have, Syria has a low-income Middle Eastern economy; prior infrastructure and economy devastated by 11-year civil war; ongoing US sanctions; sporadic trans-migration during conflict; currently being supported by World Bank trust fund; ongoing hyperinflation. Key agricultural products in this country include: wheat, barley, milk, sheep milk, tomatoes, olives, potatoes, maize, oranges, grapes (2023).
More about the economy of Syria
| Labor force | 6.617 million (2024 est.) |
|---|---|
| Industrial production growth rate | -13.4% (2022 est.) |
| Industries | petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing, automobile assembly |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | Syrian pounds (SYP) per US dollar - |
| Exchange rates 2022 | 2,505.747 (2022 est.) |
| Exchange rates 2021 | 1,256 (2021 est.) |
| Exchange rates 2020 | 877.945 (2020 est.) |
| Exchange rates 2019 | 436.5 (2019 est.) |
| Exchange rates 2018 | 436.5 (2018 est.) |
| Debt - external | |
| Debt - external 2023 | $4.573 billion (2023 est.) |
| Public debt | |
| Public debt 2016 | 91.3% of GDP (2016 est.) |
| Budget | |
| Revenues | $1.162 billion (2017 est.) |
| Expenditures | $3.211 billion (2017 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 0% of GDP (2023 est.) |
| Remittances 2022 | 0% of GDP (2022 est.) |
| Remittances 2021 | 0% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 3.8% (2022 est.) |
| Highest 10% | 21.1% (2022 est.) |
| Imports | |
| Imports 2022 | $6.803 billion (2022 est.) |
| Imports 2021 | $6.56 billion (2021 est.) |
| Imports 2020 | $3.751 billion (2020 est.) |
| Imports (partners) | Turkey 49%, UAE 11%, China 8%, Egypt 7%, Lebanon 3% (2023) |
| Comodities Imports force | tobacco, plastics, wheat flours, plastic products, seed oils (2023) |
| Exports | |
| Imports 2022 | $6.803 billion (2022 est.) |
| Imports 2021 | $6.56 billion (2021 est.) |
| Imports 2020 | $3.751 billion (2020 est.) |
| Exports (partners) | Turkey 29%, Saudi Arabia 16%, Lebanon 10%, India 10%, UAE 5% (2023) |
| Comodities Exports force | olive oil, phosphates, spice seeds, cotton, tomatoes (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $98.858 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $100.066 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $99.338 billion (2021 est.) |
| GDP (official exchange rate) | $19.993 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $4,200 (2023 est.) |
| Real GDP per capita 2022 | $4,500 (2022 est.) |
| Real GDP per capita 2021 | $4,600 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 43.1% (2022 est.) |
| Industry | 12% (2022 est.) |
| Services | 44.9% (2022 est.) |
| GDP - composition, by end use | |
| Household consumption | 114.8% (2022 est.) |
| Government consumption | 2.7% (2022 est.) |
| Investment in fixed capital | 4.5% (2022 est.) |
| Exports of goods and services | 6.8% (2022 est.) |
| Imports of goods and services | -28.8% (2022 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 13% (2024 est.) |
| Unemployment rate 2023 | 13.2% (2023 est.) |
| Unemployment rate 2022 | 13.3% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 31.5% (2024 est.) |
| Male | 27.8% (2024 est.) |
| Female | 47.9% (2024 est.) |
All Important Facts about Syria
Want to know more about Syria? Check all different factbooks for Syria below.
