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 averaged 3.98 Percent from 2003 until 2011, reaching an all time high of 6.90 Percent in 2004 and a record low of -2.30 Percent in 2011. GDP Annual Growth Rate in Syria is reported by the Central Bank of Syria.
||2003 - 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.