Arab Today, arab today syrian economy has lost billions since start of conflict
Last Updated : GMT 06:15:24
Arab Today, arab today
Arab Today, arab today

50% decline in GDP, 28.3% due to foreign sanctions

Syrian economy has lost billions since start of conflict

Arab Today, arab today

Arab Today, arab today Syrian economy has lost billions since start of conflict

Around 1.5 million Syrians have lost their jobs in the 22-month war
Damascus - George Al Shami

Around 1.5 million Syrians have lost their jobs in the 22-month war A recent report from the Syrian Centre for Policy Research has revealed that the Syrian economy has lost $48.4 billion since the outbreak of the revolution, while official Syrian statements and western economic reports estimate the figure to be closer to $70 billion.According to the London-based newspaper al-Hayat, the Syrian Centre for Policy Research released a report titled, The Syrian Impasse: Economic and Social Implications.
The report estimated the losses suffered by the Syrian economy during the last 22 months at $48.4bn, equal to 81.7 percent of GDP in 2010.
The total losses are distributed to 50 percent loss in GDP, 43 percent damage in the capital stock, in addition to 7 percent which represents an increase in military spending as a result of the crisis.
Overall, the crisis led to negative growth in the gross domestic product of 3.7 percent in 2011, and 18.8 percent in 2012.
The report said that 28.3 percent of the total losses in GDP, which amounted to $6.8bn, were because of US and European sanctions.
The report also pointed out that the majority of the losses were in the oil sector and were estimated at $3.9bn, noting that the sectors of transport, manufacturing and finance bore the rest of the losses.
It pointed to foreign trade that has been affected by the sanctions, indicating that Syrian exports to Arab countries declined by 52 percent and to the European Union by 93 percent. The deficit in the trade balance has increased and the value of local currency has remarkably depreciated, in addition to the increasing difficulties in importing essential goods and basic services from many countries.
Around 1.5 million Syrians have lost their jobs because of the events, the report said, adding that the unemployment rate broke the record and reached 34.9 percent by the end of 2012. Most of those who lost their jobs during the crisis are young people, the report said.
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today syrian economy has lost billions since start of conflict Arab Today, arab today syrian economy has lost billions since start of conflict

 



Arab Today, arab today
Arab Today, arab today Accessories designer reveals her new collection

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today Number of unwedded girls amounts to 2.5m

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday