Syrian Arab Republic's economy in numbers:
Nominal GDP of USD 19.7 billion in 2021.
GDP per capita of USD 90,912 compared to the global average of USD 10,589.
Inflation:
Inflation averaged 25.1% in the decade to 2019. Go to our Syrian Arab Republic inflation page for extra insight.
Exchange Rate:
From end-2012 to end-2022 the Syrian pound weakened by 97.2% vs the U.S. dollar. For more info on the Syrian pound, click here.
24 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 2 expert analysts.
Want to get insight on the economic outlook for Syrian Arab Republic in the coming years? FocusEconomics collects projections out to 2028 on 24 economic indicators for Syrian Arab Republic from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Syrian Arab Republic economy. To download a sample report on the Syrian Arab Republic's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.
Syrian Arab Republic Economic Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Population (million) | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| GDP (USD bn) | 26.6 | 23.2 | 19.7 | - | - |
| GDP per Capita (USD) | 131,472 | 106,999 | 90,912 | - | - |
| Inflation (CPI, ann. var. %, eop) | 38.5 | - | - | - | - |
| Inflation (CPI, ann. var. %, aop) | 13.7 | - | - | - | - |
| Exchange Rate (SYP per USD, eop) | 437 | 1,257 | 2,512 | 2,513 | 13,100 |
| Exchange Rate (LCU per USD, aop) | 494 | 867 | 2,126 | 2,512 | 7,032 |
| Merchandise Trade Balance (USD bn) | -3.1 | -0.8 | -2.2 | -2.0 | -1.8 |
| Merchandise Exports (USD bn) | 2.7 | 4.1 | 3.9 | 4.4 | 5.5 |
| Merchandise Imports (USD bn) | 5.8 | 5.0 | 6.1 | 6.4 | 7.3 |
| Merchandise Exports (ann. var. %) | -3.2 | 51.9 | -5.6 | 11.3 | 25.6 |
| Merchandise Imports (ann. var. %) | -18.2 | -14.8 | 23.8 | 4.2 | 14.2 |
| External Debt (USD bn) | 4.6 | 4.8 | 5.0 | 4.8 | - |
| External Debt (% of GDP) | 17.3 | 20.5 | 25.5 | - | - |