The Gross Domestic Product (GDP) in Syria expanded 1.90 percent in 2017 from the previous year.

GDP Annual Growth Rate in Syria averaged 3.31 percent from 1971 until 2017, reaching an all time high of 25 percent in 1972 and a record low of -26.30 percent in 2012. This page provides - Syria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Syria GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Annual Growth Rate in Syria is expected to reach -3.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Syria GDP Annual Growth Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Syria GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 -4.00 25.00 -26.30 1971 - 2017 percent Yearly

Syria GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.90 -4.00 25.00 -26.30 percent [+]
GDP Constant Prices 689392.00 747949.00 1537191.00 641640.00 SYP Million [+]


Syria GDP Annual Growth Rate
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.