Latest News:  


Syria's economy lost billions of dollars throughout crisis


08:56, January 31, 2013

Key Words: Syria; Syria crisis

Related Reading:
>> China calls for talks between Syria gov't, opposition
>> UN envoy for Syria calls for action
>> Donor countries pledge over 1 bln USD in aid to Syria
>> Israeli jets hit target in Lebanon-Syria border: report

DAMASCUS, Jan. 30 (Xinhua) -- The worldwide economic sanctions on Syria have overburdened the sluggish Syrian economy, caused losses worth around 48.4 billion U.S. dollars and impoverished additional 900,000 Syrians, a recent report said.

The report, issued by the "Syrian Center for Policy Research," revealed that the Syrian people are bearing the bulk of Western sanctions on Syria.

The report estimated the losses of Syrian economy until the end of 2012 at about 48.4 billion dollars, 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, and up to 5.6 percent in 2012.

The report said that 28.3 percent of the total losses in GDP, which amounted to 6.8 billion dollars, were because of the U.S. and European sanctions.

The report also pointed out that the majority of the losses were in the oil sector and were estimated at 3.9 billion dollars, noting that the sectors of transport, manufacturing and finance bore the rest of the losses.

【1】 【2】

We recommend:

Hillary Clinton shows her true nature

The world in photos (2013.1.21-1.27)

Sights of Melbourne by heritage trams

Int'l Holocaust Remembrance Day

Indonesian Zombie Club rally to collect donations

Is UK's withdrawal from EU a show?


Leave your comment0 comments

  1. Name


Selections for you

  1. "Red Army" division conducts winter training

  2. Navy's shore-based missile regiment

  3. 3rd Qatar Int'l Auto Show kicks off

  4. So sleepy on way home

  5. Stay on duty in suffocating air

  6. Spring Festival travel rush continues

  7. Enjoy the Qinhuai river lantern show

  8. Chinese artists learn by copying old masters

  9. HK stocks up 0.71%, highest over 21 months

  10. Blackberry maker changes name

Most Popular


  1. Pollution prompts concern
  2. System needed to help patients
  3. China's reliance on oil-gas imports growing
  4. China needs strategic balance in Asia-Pacific
  5. Frugal wining and dining
  6. More breathing space
  7. Why officialdom literature still sells
  8. "Sunny outlook" expected for Chinese economy
  9. Tackle challenges in farming sector
  10. Cities should keep memories of yesterday

What’s happening in China

Homecoming interrogations trouble young Chinese

  1. Homecoming interrogations trouble young Chinese
  2. Paralyzed patient given free medical care
  3. Lawmaker calls for caning to punish male criminals
  4. Netizens demand cleaner sky
  5. Unclaimed train tickets back on sale