Syria GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Syria contracted 2.30 percent in 2011 from the previous year. GDP Annual Growth Rate in Syria is reported by the Central Bank of Syria. From 2003 until 2011, Syria GDP Annual Growth Rate averaged 4.0 Percent reaching an all time high of 6.9 Percent in December of 2004 and a record low of -2.3 Percent in December of 2011. The current civil war has brought Syria’s economy to a standstill as international sanctions have disrupted trade and millions of people have been displaced and are unable to work. Before the war, Syria’s economy was based on oil production, agriculture, industry and tourism. Oil production peaked during the 90s, and in 2010 accounted for 35 percent of government revenue and 25 percent of GDP. Also, due to government efforts to improve irrigation system, Syria had become a net exporter of many agricultural products. In recent years, tourism had also become major source of economic growth. This page provides - Syria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.30 3.23 6.90 -2.30 -2.76 | 2012/12 2003 - 2011 Percent Yearly

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Syria GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 1469703.00 2010-06-30 1420833.00 1469703.00 950245.00 1656560.10 2014-06-30 SYP Million [+]
Gross Fixed Capital Formation 30033.60 2012-06-30 26904.20 30033.60 3224.50 30294.38 2012-12-31 SYP Million [+]
GDP 73.67 2012-12-31 59.15 73.67 0.86 85.05 2014-06-30 USD Billion [+]
GDP Annual Growth Rate -2.30 2011-12-31 3.23 6.90 -2.30 -2.76 2012-12-31 Percent [+]
GDP per capita 1700.39 2010-12-31 1686.93 1700.39 563.07 1789.40 2014-06-30 USD [+]
GDP per capita PPP 4684.72 2012-12-31 4501.74 4684.72 2810.84 4821.96 2014-06-30 USD [+]
[+]


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Syria Imports at 84155.00 SYP Million  
Imports in Syria increased to 84155 SYP Million in December of 2011 from 83037 SYP Million in November of 2011. Imports in Syria is reported by the Central Bank Of Syria.
Syria GDP Constant Prices at 1469703.00 SYP Million  
GDP Constant Prices in Syria increased to 1469703 SYP Million in 2010 from 1420833 SYP Million in 2009. GDP Constant Prices in Syria is reported by the Central Bank Of Syria.
Syria Exports at 48842.00 SYP Million  
Exports in Syria increased to 48842 SYP Million in December of 2011 from 15063 SYP Million in November of 2011. Exports in Syria is reported by the Central Bank Of Syria.
Syria Crude Oil Production at 25.00 Thousands Barrels per Day  
Crude Oil Production in Syria decreased to 25 Thousands Barrels per Day in December of 2013 from 31 Thousands Barrels per Day in November of 2013. Crude Oil Production in Syria is reported by the U.S. Energy Information Administration.
Syria Corporate Tax Rate at 22.00 percent  
The Corporate Tax Rate in Syria stands at 22 percent. Corporate Tax Rate in Syria is reported by the Ministry of Finance, Syria.
Syria Current Account to GDP at -0.62 Percent  
Syria recorded a Current Account deficit of 0.62 percent of the country's Gross Domestic Product in 2010. Current Account to GDP in Syria is reported by the Central Bank of Syria.
Syria Balance of Trade at 9394.50 SYP Million  
Syria recorded a trade surplus of 9394.50 SYP Million in December of 2010. Balance of Trade in Syria is reported by the Central Bureau of Statistics, Syrian Arab Republic.
Syria Current Account at -418.30 SYP Billion  
Syria recorded a Current Account deficit of 418.30 SYP Billion in 2011. Current Account in Syria is reported by the Central Bank of Syria.
Syria Inflation Rate at 49.50 Percent  
The inflation rate in Syria was recorded at 49.50 percent in November of 2012. Inflation Rate in Syria is reported by the Central Bureau of Statistics, Syrian Arab Republic.
Syria Personal Income Tax Rate at 22.00 percent  
The Personal Income Tax Rate in Syria stands at 22 percent. Personal Income Tax Rate in Syria is reported by the Ministry of Finance, Syria.
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