2.1 billion dollars (2020 est.) Unless otherwise noted, all figures are in US dollars. Since the start of the Syrian war in March 2011, Syria’s economic position has been volatile and has deteriorated significantly.
What will Syria’s GDP be in 2021?
According to Trading Economics global macro models and analysts, Syria’s GDP is anticipated to reach 27.26 USD billion by the end of 2021. According to our econometric models, Syria’s GDP is expected to trend at 16.60 billion dollars in 2022.
What is Syria’s GDP in 2019?
- Syria’s nominal GDP increased to $27.3 billion in December 2019, up from $22.0 billion the previous year.
- Syria’s nominal GDP is updated yearly and ranges from December 1980 to December 2019, with an average of $15.6 billion.
- The data has a high of 67.5 USD billion in December 2011 and a low of 4.2 USD billion in December 1987.
What is Syria’s Gross Domestic Product (GDP)?
Syria’s GDP in 2019 was $22,778 million, putting it at number 109 in our ranking of 196 nations by GDP. Syria’s GDP increased by $1,288 million in absolute terms over the previous year.
Is Syria wealthy or impoverished?
Syria has been a hotbed of violence for years, and with so much upheaval, poverty is an unavoidable reality. The country has been torn apart by war, and citizens are paying the price. The number of Syrians living in poverty has risen to an alarming 80 percent. Syria’s war has obliterated most of the country’s riches, infrastructure, and labor. Between the start of the conflict in 2010 and 2014, the unemployment rate increased by 42.8 percent, putting up to three million Syrians out of work.
It’s understandable, then, that with such extreme poverty, many citizens choose to flee. Syria’s population has shrunk by 15% as a result of four years of civil war. Syria is only second to Palestine in terms of emigrating refugees, with 5.6 million people departing the nation. Because Turkey shares a border with Syria, more than three million Syrians have fled to Turkey. Paper Airplanes is one of the groups and international governments striving to address this issue and assist these folks in fleeing Syria’s war and poverty.
Humanitarian Aid
Paper Airplanes is a non-profit that teaches refugees English and other skills in order to help them thrive in their new communities. While many individuals in Syria have become refugees as a result of poverty, Paper Airplanes has risen to the challenge of educating these people so that they might have a better life. After educating some youngsters she met in Syria, Bailey Ulbricht launched Paper Airplanes in 2014. Ulbricht then enlisted the help of some volunteers, and the organization has evolved since then with the purpose of allowing refugees to finish their education.
Syria has what kind of economy?
Syria is a Middle Eastern country bordering the Mediterranean Sea. Iraq, Israel, Jordan, Lebanon, and Turkey are all close neighbors. Syria’s terrain is mostly semi-arid and desert plateau, with a double mountain belt in the west. The government is a republic with an authoritarian regime; the president is the chief of state, and the prime minister is the head of government. Syria has a mixed economy in which individual freedom is limited while the economy is tightly regulated by the government. Syria belongs to the League of Arab States (Arab League).
Is Syria still in conflict?
Syria’s unrest began on March 15, 2011, as part of the larger Arab Spring protests against the Syrian government, and quickly escalated into an armed conflict after protests calling for Assad’s resignation were ruthlessly suppressed. The Syrian Armed Forces and their domestic and international allies, a loose alliance of mostly Sunni opposition rebel groups (such as the Free Syrian Army), Salafi jihadist groups (such as al-Nusra Front and Tahrir al-Sham), the mixed Kurdish-Arab Syrian Democratic Forces (SDF), and the Islamic State of Iraq and the Levant (ISIL) are currently fighting each other (ISIL). The war reached its apex in 2015; while violence in the country has decreased since then, the situation remains a disaster.
Iran, Russia, Turkey, and the United States are among the foreign governments that have either directly intervened in the conflict or supplied support to one or more factions. Iran, Russia, and Hezbollah all provide military support to Syria’s Arab Republic and Armed Forces, with Russia undertaking airstrikes and other military activities since September 2015. The international coalition led by the United States, which was formed in 2014 with the stated goal of combating ISIL, has carried out airstrikes largely against ISIL, as well as some against government and pro-government targets. They’ve also sent special forces and artillery teams on the ground to fight ISIL. Since 2015, the United States has provided material, financial, and logistical support to the Autonomous Administration of North and East Syria and its armed branch, the Syrian Democratic Forces (SDF). Since 2016, Turkish forces have fought the SDF, ISIL, and the Syrian government, but they have also actively aided the Syrian opposition, occupying large parts of northwestern Syria and engaged in considerable ground fighting. Between 2011 and 2017, Syrian civil war violence spilled over into Lebanon, with opponents and supporters of the Syrian government battling and attacking each other on Lebanese land, with ISIL and al-Nusra engaging the Lebanese Army. Furthermore, while declaring itself impartial, Israel has exchanged border fire and launched many strikes against Hezbollah and Iranian soldiers in southwestern Syria, whom it considers a danger.
Almost all sides involved, including the Baathist Syrian government, ISIL, opposition rebel groups, Russia, Turkey, and the US-led coalition, have been accused of grave human rights violations and massacres, according to international organizations. Millions of people have fled to neighboring countries such as Turkey, Lebanon, and Jordan as a result of the fighting. Several peace initiatives have been made throughout the war, notably the United Nations-led Geneva peace negotiations on Syria in March 2017, but combat has persisted.
Why is Syria’s GDP so low?
The Syrian civil war is expected to cost more than $1 trillion in total economic losses, including lost GDP and future reconstruction expenditures. The very considerable negative economic impact on Iraq, Jordan, Turkey, and Lebanon is not included in this calculation. Noneconomic costs are unquantifiable.