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Since Syria became independent in 1946, the economy has undergone widespread structural change. [16] Although the presence of the Allied forces during World War II stimulated commerce by providing markets for agriculture, textiles, and other locally manufactured goods, Syria lacked both the infrastructure and the resources to promote economic prosperity. [16]
The Syrian economy has contracted 60% and the Syrian pound has lost 80% of its value, with the economy becoming part state-owned and part war economy. [281] At the outset of the ongoing Syrian Civil War, Syria was classified by the World Bank as a "lower middle income country."
International sanctions against Syria are a series of economic sanctions and restrictions imposed by the European Union, the United States, Canada, Australia, and Switzerland, mainly as a result of the repression of civilians in the Syrian civil war from 2011 onwards. The US sanctions against Syria are the most severe, as they affect third ...
Number of Syrian nationals: 55 228 Syrian Central Bureau of Statistics: 23,344,074 number of Syrian nationals 2015 Life expectancy: 129 194 World Health Organization: 68 overall life expectancy 2013 Birth rate: 74 224 The world factbook: 22.76 births per 1000 population/year 2014 Death rate: 151 225 The world factbook: 6.51 deaths per 1000 ...
The territory around Jazira province of northeastern Syria is called Gozarto (Classical Syriac: ܓܙܪܬܐ, romanized:Gozarto), part of the historical Assyrian homeland, by Syriac-Assyrians. [ 64 ] The area has also been nicknamed Federal Northern Syria, and the Democratic Confederalist Autonomous Areas of Northern Syria.
Industry has been a vital part of the Economy of Syria for many years. Major industries include; petroleum, textiles, food processing, beverages, tobacco, phosphate rock mining, cement, oil seeds crushing and car assembly. [1] Industry is the responsibility of the Ministry of Industry and has been heavily disrupted by the Syrian civil war.
Until the mid-1970s, agriculture in Syria was the primary economic activity in Syria. At independence in 1946, agriculture (including minor forestry and fishing) was the most important sector of the economy, and in the 1940s and early 1950s, agriculture was the fastest growing sector. Wealthy merchants from urban centers such as Aleppo invested ...
Syria is a relatively small oil producer, that accounted for just 0.5% of the global production in 2010, [2][3] falling to less than 0.05% by 2016. [4] Although Syria is not a major oil exporter by Middle Eastern standards, oil is a large industry forming a major component of the Syrian economy, because of Syria's extremely low GDP per capita.