Syria/Economy

Economy of Syria

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$23.6B(2022)
GDP PPP (USD)
$107.2B(2022)
GDP per Capita (USD)
$1,052(2022)
GDP Growth (inflation-adjusted)
0.7%(2022)
Inflation (CPI Annual %)
13.4%(2019)

Trade & Finance

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Exports (as share of GDP)
6.8%(2022)
Imports (as share of GDP)
28.8%(2022)
FDI Inflows (as share of GDP)
1.2%(2011)
Remittance Inflow (USD)
$0.0(2023)

Labor & Income

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Unemployment Rate
13%(2024)
Employment in Services
63.1%(2023)
Poverty Rate
35.2%(2007)
GINI Index
26.6(2022)
GNI per Capita (USD)
$710(2022)

Energy & Environment

Coming Soon
Energy Use per Capita
455 kg oil eq.(2022)
Renewable Energy Consumption (%)
1.1%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Syria

  • The economic architecture of Syria is substantial, anchored by a Gross Domestic Product (GDP) of approximately $23.62B
    2022
    . This places it as the 112th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $1.05K
    2022
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $107.2B, reflecting the population's domestic purchasing power. The economy is seeing modest growth of 0.7%
    2022
    , but this is challenged by high inflation, with the Consumer Price Index (CPI) at 13.4%
    2019
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 6.8% of GDP and imports at 28.8%
    2022
    . Foreign Direct Investment (FDI) inflows are significant, constituting 1.19% of the economy
    2011
    . This performance positions the country 120th globally out of 186 nations, indicating its relative attractiveness to foreign capital.
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $710
    2022
    . Globally, this ranks the nation 179th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The country faces significant labor market challenges, with an unemployment rate of 13.0%
    2024
    . The services sector is a primary driver of the labor market, accounting for 63.1% of total employment
    2023
    . Poverty remains a key issue, with 35.2% of the population living below the national poverty line
    2007
    . The country has a relatively equitable distribution of income, with a Gini index of 26.6
    2022
    .
  • On the environment and energy front, energy consumption per capita is 454.532 kg of oil equivalent
    2022
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 1.1%
    2021
    . Its commitment to clean energy places it 18th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Stagnant growth combined with high unemployment points to significant structural issues that may require bold policy interventions.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.