Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Syria economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Syria best banks and safest banks are also available.

Ruled by the Assad family since 1970, Syria has been grappling with a protracted civil war between the government led by President Bashar al-Assad and a variety of opposition groups. As a result, according to the World Bank, more than half the pre-conflict population of almost 21 million has been displaced, either within the country or as refugees, while the GDP saw a decline of more than 50% from 2010 to 2020.

Amid widespread destruction of infrastructure, the situation has been exacerbated by the Covid-19 pandemic, international sanctions, and significant capital flight of Syrians moving their money abroad.

Policy-making has prioritized preserving the regime and its military capabilities, further crippling the economy and leaving regions ravaged by war with virtually non-existent job markets.