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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 514.98 520 525 541 536 618 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate -2.30 -5 -5 -5 -3 4.15 percent [+]
GDP 73.67 45 45 45 80.02 75 USD Billion [+]
GDP Constant Prices 1469703.00 1503483 1515488 1527494 1541935 2046461 SYP Million [+]
Gross Fixed Capital Formation 30033.60 29096 30475 31854 32667 46154 SYP Million [+]
GDP per capita 1700.39 980 980 980 1712 1470 USD [+]
GDP per capita PPP 4684.72 3600 3600 3600 4721 4680 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 14.90 28 28 28 25 22 percent [+]
Population 22.35 22.55 22.56 22.57 22.64 24.06 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 51.10 35 29 23 21 8 percent [+]
Consumer Price Index CPI 540.02 544 544 544 544 544 Index Points [+]
Food Inflation 64.20 33.27 31.78 32.23 33.13 34.04 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Deposit Interest Rate 6.22 5.59 5.43 5.28 5.28 6.95 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 9394.50 20554 20554 20554 20554 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 -126 -144 -161 -211 -22.41 SYP Billion [+]
Current Account to GDP -0.62 -1.24 -1.45 -1.66 -1.53 -6.71 percent [+]
Gold Reserves 25.80 25.8 25.8 25.8 25.8 25.8 Tonnes [+]
Crude Oil Production 30.00 30.01 30.01 30.01 30.02 30.03 BBL/D/1K [+]
Terrorism Index 8.59 8.97 9.11 9.25 9.4 11.63 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 30.01 65 65 65 28.82 77 percent [+]
Government Budget -11.40 -12.01 -12.91 -13.81 -14.19 -17.75 percent of GDP [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corruption Index 13.00 16 16 16 16 21 Points [+]
Corruption Rank 173.00 146 148 149 149 132 [+]
Competitiveness Index 3.85 3.84 3.85 3.85 3.85 3.85 Points [+]
Competitiveness Rank 98.00 98 98 98 98 99 [+]
Ease of Doing Business 173.00 170 170 170 170 164 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 22.00 22 22 22 22 22 percent [+]