Syria: Economic growth

* indicates monthly or quarterly data series

Economic growth: the rate of change of real GDP

 Latest value -3.87
 Year 2020
 Measure percent
 Data availability 1961 - 2020
 Average 3.61
 Min - Max -26.34 - 25.8
 Source The World Bank
For that indicator, we provide data for Syria from 1961 to 2020. The average value for Syria during that period was 3.61 percent with a minimum of -26.34 percent in 2012 and a maximum of 25.8 percent in 1974. The latest value from 2020 is -3.87 percent. For comparison, the world average in 2020 based on 190 countries is -4.89 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Syria - Economic growth - recent values

Historical chart
Syria - Economic growth - historical chart - 1961-2020

Economic growth in Syria and other countries is calculated as the percent change in the GDP from one year to the next. It measures whether production has increased or decreased, and by how much.

Looking across many countries and over long periods of time, the average rate of economic growth is about 2-3 percent per year. That changes from year to year as the economy goes through recessions and expansions. However, if an economy routinely grows at about 5 percent or more per year, this is a substantial rate of economic growth. Economic growth of 7-8 percent is extraordinary.
Definition: Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

 Related indicators Latest value Reference Measure
 Economic growth -3.87 2020 percent
 GDP, constant dollars 15.1 2020 billion U.S. dollars
 GDP, current U.S. dollars 11.16 2020 billion U.S. dollars
 GDP per capita, current dollars 537.21 2020 U.S. dollars
 GDP per capita, constant dollars 726.74 2020 U.S. dollars
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