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Syrian economic growth slowed in 2009 to 2.2% in real terms as the global economic crisis affected oil prices and the economies of Syria's key export partners and sources of investment. Damascus has implemented modest economic reforms in the past few years, including cutting lending interest rates, opening private banks, consolidating all of the multiple exchange rates, raising prices on some subsidized items, most notably gasoline and cement, and establishing the Damascus Stock Exchange - which was set to begin operations in 2009. In addition, President ASAD signed legislative decrees to encourage corporate owne...  More..

Economy of Syria
SOURCE: CIA - The World Factbook
Currency Syrian Pound
GDP (PPP) $100.7 billion (2009 est.)
GDP (per capita) $4,600 (2009 est.)
Exports $10.13 billion (2009 est.)
Imports $13.1 billion (2009 est.)
Main Industries Petroleum, Textiles, Food Processing, Beverages, Tobacco, Phosphate Rock Mining, Cement, Oil Seeds Crushing, Car Assembly
Exports - Commodities Crude Oil, Minerals, Petroleum Products, Fruits and Vegetables, Cotton Fiber, Textiles, Clothing, Meat and Live Animals, Wheat
Imports - Commodities Machinery and Transport Equipment, Electric Power Machinery, Food and Livestock, Metal and Metal Products, Chemicals and Chemical Products, Plastics, Yarn, Paper
Exports Partners Iraq 30.7%, Germany 9.8%, Lebanon 9.6%, Italy 6.4%, France 5.5%, Egypt 5.4%, Saudi Arabia 5.1% (2008)
Imports Partners Saudi Arabia 11.7%, China 8.7%, Russia 7.5%, Italy 5.9%, Egypt 5.8%, UAE 5.7%, Turkey 4.3%, Iran 4.2% (2008)

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