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ECON FACTBOOK

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Economy of Syria

Population: 23 million in 20131

GDP: $65 billion in 20112

GDP per capita: $2,066 nominal in 20073

GDP growth rate: 5.7% in 20074

Industries

GDP by Industry 20125

Industry sectorValue added ($ millions) 2012Percent of total
Mining and utilities14,70422.9%
Wholesale, retail trade, restaurants and hotels14,31022.3%
Agriculture, hunting, forestry, fishing13,13120.4%
Other activities11,02417.2%
Transport, storage and communication6,0569.4%
Manufacturing2,9334.6%
Construction2,1143.3%
Total value added64,273100%

Employment

Unemployment rate: 10.8% in 20136

Employment by Industry 20087

Employment sectorPercent of total
Services67%
Agriculture17%
Industry16%
Total100%

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $34 billion (52% of GDP) in 20149

Household Wealth per Adult: $2,511 in 20149

Gini Coefficient: .358 in 201310

Government

Central Government

Central Government Revenue: $2.3 billion (4% of GDP) in 201311

Central Government Expenditure: $7.6 billion (12% of GDP) in 201311

Central Government Budget Balance: -$5.3 billion (-8% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 22% in 201412

Monetary Policy

Money Supply (M1): $6.1 billion (9% of GDP) in 201013

Benchmark Interest Rate: N/A

Total Reserves: $21 billion in 201014

Exchange Rate: 188.9 Syrian Pound = 1 U.S. Dollar on Feb 3, 201515

Inflation: 37% in 201216

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $2.7 billion (4% of GDP) in 201318

Imports: $3.9 billion (6% of GDP) in 201318

Trade Balance: -$1.2 billion (-2% of GDP) in 201318

Foreign Direct Investment Inflow: $1.4 billion (2% of GDP) in 201019

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.6 billion (2% of GDP) in 201220

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: CIA World Factbook (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP growth rate) Go back
5. Source: United Nations Statistics Division (GDP by industry) Go back
6. Source: World Bank Indicators (Unemployment rate) Go back
7. Source: CIA World Factbook (Employment by economic activity) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: UN Human Development Report (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Tax Foundation (Corporate tax rate) Go back
13. Source: World Bank Indicators (Money Supply) Go back
14. Source: World Bank Indicators (Total reserves) Go back
15. Source: Yahoo Finance (Exchange rate) Go back
16. Source: World Bank Indicators (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back
19. Source: World Bank Indicators (FDI data) Go back
20. Source: World Bank Indicators (Aid data) Go back