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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 515.00
515 515 515 515 515
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate -3.40
percent
-3 -4 -4 -4 3
GDP 73.67
USD Billion
58 65 65 65 75
GDP Constant Prices 641640.00
SYP Million
622391 615974 615974 597495 615420
Gross Fixed Capital Formation 30033.60
SYP Million
29133 28832 28832 27967 28806
GDP per capita 1700.39
USD
1100 870 870 870 870
GDP per capita PPP 4684.72
USD
1100 900 900 900 900
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 15.20
percent
25 23 23 23 22
Population 18.27
Million
17.8 18.16 18.14 18.12 19
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 27.10
percent
23.1 20.3 19.2 18.5 12
Consumer Price Index CPI 790.50
Index Points
973 951 942 1183 1275
Food Inflation 25.90
percent
26.5 26.4 26.3 26.1 26.3
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Deposit Interest Rate 6.22
percent
4.8 5.3 5.3 5.3 5.7
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -1909953.00
SYP Million
-1879657 -1869655 -1887056 -1904456 -1887669
Exports 328519.00
SYP Million
261233 256379 251526 246672 260697
Imports 2238472.00
SYP Million
2113488 2126035 2138581 2151128 2148365
Current Account -418.30
SYP Billion
-700 -211 -260 -309 -400
Current Account to GDP -0.62
percent
-12 -10 -10 -10 -9
Gold Reserves 25.80
Tonnes
25.8 25.8 25.8 25.8 25.8
Crude Oil Production 25.00
BBL/D/1K
19 27.13 27.65 28.07 29.6
Terrorism Index 8.62
8.62 8.62 8.62 8.62 8.62
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 30.01
percent
68 70 70 70 77
Government Budget -11.40
percent of GDP
-11.4 -11.4 -11.4 -11.4 -11.4
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 1814.14
KBps
1593 1584 1593 1594 1592
IP Addresses 554074.00
IP
509609 511926 509022 505916 504244
Corruption Index 14.00
Points
14 14 14 14 14
Corruption Rank 178.00
178 178 178 178 178
Competitiveness Index 3.85
Points
4.35 4.35 4.35 4.35 6.85
Competitiveness Rank 98.00
98 98 98 98 98
Ease of Doing Business 179.00
172 177 180 183 173
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 28.00
percent
28 28 28 28 28
Personal Income Tax Rate 22.00
percent
22 22 22 22 22
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 22.47
mm
33.62 48.37 22.41 22.39 25.27
Temperature 7.28
celsius
13.64 8.72 27.58 23.36 18.36



Syria - Economic Forecasts - 2018-2020 Outlook