Syria Economy 2025: Recovery, Trade Revival, and Post-Assad Opportunities

The Syria economy breathes a tentative sigh of relief in late 2024, as the ousting of Bashar al-Assad on December 8, 2024, by opposition forces ushered in a transitional era fraught with promise and peril. This Levantine nation, with a Syria population of 24.7 million, clings to a battered $20 billion GDP and a fragile 1.5% growth projection for the year, per World Bank estimates amid¹ post-coup chaos. Per capita income hovers at $830, a stark reminder of the Syria economy before and after war chasm—once $5,000 in 2010, now reflecting widespread poverty. The Syria economy remains anchored in oil and agriculture, but the fall of the regime has sparked Syria economy after Assad optimism, with Syria economy news today buzzing about potential sanctions relief and reconstruction. Syria economy 2024 saw imports at $17.56 billion and exports at $0.82 billion, a yawning deficit fueled by food and fuel needs. Debt burdens $23 billion (115% GDP), while gold reserves (25.82 tons, valued at $2 billion) offer a golden lifeline—no silver reserves noted. As Syria economy news October 2025 anticipates, Syria economy 2025 outlook eyes 3-5% rebound with international aid and trade normalization, transforming the Syria economy overview 2024 from collapse to cautious climb.

Table of Facts and Figures: Essential Metrics of the Syria Economy

This vertical table summarizes 2024 data for the Syria economy, drawn from World Bank, IMF, and recent reports. Remarks detail impacts on families, connect to Syria economy 2023 (1.2% growth pre-coup), and propose steps for Syria economy recovery 2025 amid Syria economy after sanctions lifted hopes.

These underscore the Syria economy overview 2025‘s transitional fragility.

Bar chart reveals import/debt dominance, key to Syria economy 2024 strains.

Pie highlights the oil/agriculture/services mix in what type of economy does Syria have.

Major Imports and Exports: Trade Lifelines in the Syria Economy

Trade bolsters the Syria economy, with $0.82 B exports vs $17.56 B imports (deficit $16.74 B) in 2024 estimates, per OEC.

Key Exports

1. Crude Oil ($328 M)
   • 40%; to Iraq (20% buyers). Production 80,000 bpd, up 10% post-sanctions hints².
2. Fruits/Nuts ($164 M)
   • Apples, pistachios to Turkey (13% buyers).
3. Cotton ($82 M)
   • Textiles to Italy (13%).
4. R refined Oil ($82 M)
   • To Lebanon (3.8%).
5. Scrap Metal ($82 M)
   • To Jordan (3.6%).

Exports to Iraq/Italy/Turkey (46%) sustain Syria economy news today.

Key Imports

1. Refined Petroleum ($5.27 B)
   • 30%; from Russia (10% suppliers).
2. Foodstuffs ($3.52 B)
   • Wheat from Ukraine (5%).
3. Machinery ($2.64 B)
   • From China (10%).
4. Vehicles ($1.76 B)
   • I am from Turkey.
5. Medicines ($1.32 B)
   • I am from India.

Imports from Russia/China/Turkey (25%) reflect needs; Syria economy updates today urge local³ food.

Market Trends Shaping the Syria Economy in 2025

Syria economy 2025 forecasts 3% growth if reforms stick, per IMF. Trends⁴:

1. Post-Assad Reconstruction

• $10 B aid pledged; Syria economy after Assad focuses on roads.
• 500,000 jobs in rebuild.

2. Oil and Sanctions Relief

• Production to 500,000 bpd; $2 B revenue.
• Syria economy after sanctions lifted: Exports up 20%.

3. Agriculture Revival

• 1 M hectares irrigated; cuts imports 15%.
• 200,000 jobs.

4. Services Rebound

• Tourism 1 M visitors; $500 M.
• Banking reforms attract $1 B.

5. Risks

• Inflation 40%; Syria economy news October 2025: Clashes linger.

Tips:

• Rebuild safe: Prioritize ports for $1 B trade.
• Farm resilient: Drought crops save $300 M.
• Skill youth: Tech training for 100,000.

Syria Economy Overview: From Conflict to Cautious Hope

The Syria economy overview 2024 chronicles devastation: pre-2011 $60 B GDP, now $20 B. Syria economy before and after war: Halved by conflict. Syria economy 2022 (-1.5%), 2021 (0.5%), 2018 (-3.5%), 2010 (3.4%). Syria economy 2024 (1.5%) beats Syria economy 2023 (1.2%). Jeffrey Sachs Syria economy notes reform needs. Syria economy 2025 outlook eyes recovery.

FAQs

1. What is the Syria economy like in 2024?

The Syria economy in 2024 has a $20 billion GDP and grew 1.5%. War hurt it, but new leaders bring hope for jobs and trade.

2. How will the Syria economy do in 2025?

Experts say Syria economy 2025 could grow 3%. Peace, aid, and open trade will help fix roads and farms.

3. What does Syria sell and buy the most?

Syria sells oil ($328 M) and fruits. It buys fuel ($5.27 B) and food. Syria economy news today says local farms can save money.

4. Why is the Syria economy so bad right now?

War since 2011 broke factories and scared investors. Syria economy before and after war shows GDP fell from $60 B to $20 B.

5. What type of economy does Syria have?

Syria has a mixed economy with oil, farming, and shops. What type of economy is Syria? It was strong before the war, but now needs help.

6. Can the Syria economy recover in 2025?

Yes! Syria economy recovery 2025 needs peace, $10 B in aid, and open borders. New oil and farms will create 500,000 jobs.

7. What is the Syria economy after Assad?

After Assad fell in 2024, Syria economy after Assad sees hope. Syria economy news October 2025 says sanctions may lift soon.

Conclusion

The Syria economy emerges from shadows, from 2024’s 1.5% grit to Syria economy 2025‘s 3% dawn. $20 B GDP, trade revival, aid threads hope.

Summary: Reforms, investment rebuild it. What is the economy like in Syria to you—ruin or rebirth? Share!

References

1. World Bank: Syria Economic Monitor 2025 – Growth, GDP.  ↩︎
2. CIA Factbook: Syria 2025 – Sectors. ↩︎
3. IMF: Syria 2025 Report – Projections.  ↩︎
4. OEC: Syria Trade 2023 – Imports/exports. ↩︎