Syria: Economy
Due to the ongoing conflict in Syria, the information on these pages may not reflect current conditions in the country.
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Syria is the most significant producer of crude oil in the Eastern Mediterranean. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Data unavailable |
| Top Industries Source: CIA World Factbook | Petroleum; Textiles; Food Processing; Beverages |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $121,752,472,312 (2012) |
| GDP Growth Rate (annual %) | -3.874% (2020) |
| GDP Per Capita, PPP (current international) | $5,436 (2012) |
GDP Country Rank 92/197 (2012)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 36.702% (2012) |
| External debt stocks, total (DOD, current US$) | $5,028,598,332 (2021) |
| Total tax rate (% of commercial profits) | 42.7% (2019) |
| Real Interest Rate (5 year average %) | 3.422% (2010) |
| Manufacturing, value added (% of GDP) | 7.659% (2002) |
| Current Account Balance (BoP, current US$) | ($367,388,473) (2010) |
Labor and Employment [1]
| Labor Force, Total | 6,723,714 (2022) |
| Employment in Agriculture (% of total employment) | 12.486% (2021) |
| Employment in Industry (% of total employment) | 22.153% (2021) |
| Employment in Services (% of total employment) | 65.362% (2021) |
| Unemployment Rate | 9.61% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $3,751,038,035 (2020) |
| Exports of goods and services (current US$) | $1,648,984,775 (2020) |
| Total Merchandise Trade (% of GDP) | 55.846% (2020) |
| FDI, net inflows (BoP, current US$) | $804,162,635 (2011) |
| Commercial Service Exports (current US$) | $7,040,371,020 (2010) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Syria’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.