Browse a full set of economic indicators


Includes Syria real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Syria economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Syria best banks and safest banks are also available.

Basic Information

Government Type: Presidential republic; highly authoritarian regime

Capital City: Damascus

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of Syria

Currency Syrian pounds (SYP)

International Reserves N/A
Gross Domestic Product – GDP USD 60.0 billion (2010, estimate)

GDP (Purchasing Power Parity) Intl$ 136.3 billion (2018, estimate)

GDP Data

Real GDP growth 2007 5.7%
2008 4.5%
2009 5.9%
2010* 3.4%

GDP per capita – current prices USD 2,806.7 (2018, estimate)

GDP per capita – PPP Intl$ 6,373.4 (2010, estimate)

GDP (PPP) – share of world total 980 0.15%
1990 0.14%
2000 0.15%
2010 0.16%
2019 N/A
GDP – composition by sector agriculture: 20%
industry: 19.5%
services: 60.8%
(2017 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 N/A
2016 N/A
2017 N/A
2018 N/A
2019 N/A

Inflation & Debt

Inflation 2015 N/A
2016 N/A
2017 N/A
2018 N/A
2019 N/A
Government Bond Ratings
Standard & Poor’s: N/A

Moody’s: N/A

Standard & Poor’s / Moody’s
Unemployment rate N/A
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) N/A
Public deficit (General government net lending/borrowing as a % of GDP) 2015 -7.8%
2016 N/A
2017 N/A
2018 N/A
2019 N/A


Market value of publicly traded shares N/A
Largest Companies N/A


Exports as percent of GDP (Exports of goods and services) 5.9% (2017)

Shares in world total merchandising export 0.004% (2018)

Shares in world total commercial services export 0.008% (2018)

Total exports USD 1.6 billion (2018 estimate)

Export commodities Opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems, and medical herbs

Total imports USD 8.3 billion (2018 estimate)

Import commodities Machinery and other capital goods, food, textiles, petroleum products

Exports – major partners India 56.5%, Pakistan 29.6% (2017)

Imports – major partners China 21%, Iran 20.5%, Pakistan 11.8%, Kazakhstan 11%, Uzbekistan 6.8%, Malaysia 5.3%(2017)

Competitiveness & Trade

Current account balance N/A
Current account balance by percentage of GDP N/A
FDI inflows N/A
FDI Outflows N/A
Value of cross-border M&A, by country of purchaser N/A

United Nations Conference on Trade and Development (UNCTAD) – World Investment Report
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

176 out of 190 countries

Starting a Business: 143 out of 190 countries
Dealing with Construction Permits: 186 out of 190 countries
Getting Electricity: 160 out of 190 countries
Registering Property: 162 out of 190 countries
Getting Credit: 176 out of 190 countries
Protecting Minority Investors: 97 out of 190 countries
Paying Taxes: 91 out of 190 countries
Trading across Borders: 178 out of 190 countries
Enforcing Contracts: 160 out of 190 countries
Resolving Insolvency: 158 out of 190 countries
Global competitiveness ranking N/A
Index of Economic Freedom N/A

Population & Geographic Data

Total Area 185,180 sq km

Total Population 1990 12.72 million
2000 16.51 million
2010 21.39 million
2015 N/A
2020 N/A
Urban population as % of total population 1960 36.8%
1980 46.7%
2000 51.9%
2018 54.2%
Population median age 24.5 years

Population growth rate 7.37% (2018 estimate)

Life expectancy 75.2 years (2018 estimate)

CIA World Factbook / Life expectancy
% of population living on less than $3.10 a day N/A
Inequality of wealth distribution (Gini index) N/A
Freedom House rating Not Free
Political Rights: 7
Civil Liberties: 7 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 16.2% Mobile: 98.4% (2018)

(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 34.25 % (2017)

Language & Religon

Languages Arabic (official), Kurdish, Armenian, Aramaic, Circassian, French, English

Total population: 86.4%
Male: 91.7%
Female: 81%
Definition: age 15 and over can read and write (2015 est.)
Religions Muslim 87% (official; includes Sunni 74% and Alawi, Ismaili, and Shia 13%), Christian 10% (includes Orthodox, Uniate, and Nestorian), Druze 3%, Jewish (few remaining in Damascus and Aleppo) – Note: the Christian population may be considerably smaller

World Rankings

Population 2.8 M
Mercer Cost of living index N/A
C02 Emissions per capita 1.9 metric tons per capita (2018)

Global Finance Rankings & Awards: Syria

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000