Figures issued by the Central Bureau of Statistics in Syria show that Syria's nominal GDP stood at SYP5,697.5bn, or $12.38bn, in 2016 compared to SYP4,525bn, or $19.1bn, in 2015 and to SYP3,563bn, or $23.1bn, in 2014. Also, Syria's real GDP contracted by 4% in 2016, compared to retreats of 6.1% in 2015 and of 14.7% in 2014. On a sectoral basis, activity in the mining, quarrying & manufacturing sector grew by 18.3% in real terms in 2016, followed by activity of non-profit institutions (+16%) and of the transportation, storage & communications sector (+6.4%). In contrast, activity in the wholesale, retail trade & repair sector contracted by 22.8% in 2016, followed by social services (-11%), finance, insurance & real estate services (-9.1%), government services (-8.6%), building & construction (-2.3%) and agriculture, forests & livestock (-0.8%). Also, output from the country's agriculture, forests & livestock sector reached $4.6bn in 2016 and accounted for 37% of the country's nominal GDP, followed by mining, quarrying & manufacturing output with $2bn (16.4%), the wholesale, retail trade & repair sector with $1.64bn (13.3%), government services with $1.56bn (12.6%), the transportation, storage & communication sectors with $1.26bn (10.2%), social services with $735.1m (5.9%), finance, insurance & real estate services with $416.4m (3.4%), the building & construction sector with $140.6m (1.1%) and non-profit institutions with $12m (0.1%).
Source: Central Bureau of Statistics