Abdulrazak al-Jenan swept the dust off his solar panel on his apartment roof overlooking Damascus. Syria's largest city was ...

By bnm Gulf bureau Syria must open its financial sector to regional and international banks as a crucial step towards ...

Measure comes amid warming ties between Damascus and Washington, which seeks to reintegrate war-battered country into global ...

The World Bank said on Monday it expected Syria’s gross domestic product (GDP) to grow modestly by 1% in 2025, following a ...

Thousands of Syrian refugees are set to return from Lebanon this week under the first, U.N.-backed plan providing financial ...

U.S. restrictions imposed in 2019 on financial flows were intended to punish the Assad regime. Now, they are cutting Syria off from money it desperately needs for reconstruction and economic ...

“Before 2011, Syria’s economy was relatively well-diversified. It wasn’t performing brilliantly, but it was growing,” said Benjamin Feve, a researcher with the Triangle think tank in Lebanon.

The economy more than halved between 2010 and 2021, official Syrian data cited by the World Bank in spring 2024 showed. However, this was likely an underestimate, the bank said.

Syria’s economy has hit its lowest point since the country’s civil war began nearly 12 years ago, with severe fuel shortages in both government and rebel-held areas, ...

Overall, notes the report, citing the most recent economic data available, Syria’s economy lost a total of $84.4 billion during the first two years of the war alone, and 2.33 million jobs.

Syria's real GDP growth, percent changed year-over-year. UN, BMI Research Since 2011, all of the components of Syria's GDP have plunged — with serious drops in manufacturing and agriculture.

Syria’s economy contracted by 85 percent during the civil war, according to the World Bank. More than 80 percent of Syrians now live in poverty. Before the war, the Syrian pound traded at 47 to ...