Syria | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Syria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Syria economy.


MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 514.98 510 505 500 494 438 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate -5.30 -5 -3 -3 -3 2.6 percent [+]
GDP 73.67 45 80.02 81.35 82.67 75 USD Billion [+]
GDP Constant Prices 1469703.00 1511610 1519671 1527732 1535793 1253653 SYP Million [+]
Gross Fixed Capital Formation 30033.60 31854 32667 33481 34295 46154 SYP Million [+]
GDP per capita 1700.39 980 1712 1715 1717 1470 USD [+]
GDP per capita PPP 4684.72 3600 4721 4730 4738 4680 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 14.30 28 25 25 25 22 percent [+]
Population 18.43 18 17.8 17.8 17.8 19 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 50.40 23 21 25 16.7 8 percent [+]
Consumer Price Index CPI 540.02 470 458 447 437 368 Index Points [+]
Food Inflation 61.10 25.03 26.4 27.48 28 27.83 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Deposit Interest Rate 6.22 4.55 4.38 4.21 4.04 4.44 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 9394.50 20554 20554 20554 20555 20555 SYP Million [+]
Exports 84431.40 84461 84461 84461 84461 84461 SYP Million [+]
Imports 75036.90 75782 75782 75782 75782 75782 SYP Million [+]
Current Account -418.30 -900 -600 -600 -600 -400 SYP Billion [+]
Current Account to GDP -0.62 -12 -15 -15 -1.26 -9 percent [+]
Gold Reserves 25.80 25.8 25.8 25.8 25.8 25.81 Tonnes [+]
Crude Oil Production 14.00 17.17 18.81 20.44 22.06 36.34 BBL/D/1K [+]
Terrorism Index 8.59 8.17 8.06 7.94 7.83 6.06 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 30.01 65 68 68 28 77 percent [+]
Government Budget -11.40 -13.81 -14.19 -14.57 -14.95 -17.75 percent of GDP [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corruption Index 13.00 16 16 17 17 21 Points [+]
Corruption Rank 173.00 179 175 172 169 155 [+]
Competitiveness Index 3.85 3.85 3.85 3.85 3.85 3.85 Points [+]
Competitiveness Rank 98.00 94 93 93 92 89 [+]
Ease of Doing Business 173.00 170 170 169 169 164 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 28.00 28 28 28 28 28 percent [+]
Personal Income Tax Rate 22.00 21.76 21.71 21.65 21.6 21.21 percent [+]