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Syria
| Economy Overview |
| Real GDP growth rose to 2.3 percent in 2004, a slight increase from 2003 when the predominantly statist economy suffered from disruptions caused by the war in Iraq and other developments in the region. Annual real GDP growth has averaged 2.3 percent for the last seven years. The Government of Syria has implemented modest economic reforms in the last few years, including cutting interest rates, opening private banks, consolidating some of the multiple exchange rates, and raising prices on some subsidized foodstuffs. Nevertheless, the economy remains highly controlled by the government. Long run economic constraints include declining oil production and exports and pressure on water supplies caused by rapid population growth, industrial expansion, and increased water pollution. |
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| Economy Statistics |
| Exports: |
$6.086 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
crude oil, petroleum products, fruits and vegetables, cotton fiber, clothing, meat and live animals, wheat [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
Italy 22.7%, France 18%, Turkey 12.9%, Iraq 9%, Saudi Arabia 6.2% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$5.042 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and transport equipment, electric power machinery, food and livestock, metal and metal products, chemicals and chemical products, plastics, yarn, paper [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
Turkey 9.4%, Ukraine 8.7%, China 7.8%, Russia 5.4%, Saudi Arabia 5.2%, US 4.7%, South Korea 4.6%, Italy 4.3% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Federation of Syrian Chambers of Commerce |
| Address: |
P.O Box: 5909 Damascus - Syria |
| Phone: |
00963 11 3337344 |
| Fax: |
00963 11 3331127 |
| Website: |
http://www.fedcommsyr.org/ |
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