Economic Over View of Syria
Thursday, April 16, 2009
Today is the independance day of Syria. This country got independance at 17th April, 1946 from League of Nations mandate under French administration. Brief economic overview of the country is as follows;The Syrian economy grew by an estimated 2.4% in real terms in 2008 led by the petroleum and agricultural sectors, which together account for about one-half of GDP. Higher crude oil prices countered declining oil production and led to higher budgetary and export receipts. Other details are as under;
- Unemployment rate: 9% (2008 est.)
- Budget: revenues: $10.9 billion expenditures: $13.77 billion (2008 est.)
- Public debt: 41.2% of GDP (2008 est.)
- Inflation rate (consumer prices): 14.9% (2008 est.)
- Commercial bank prime lending rate: 7% (6 November 2008)
- Stock of money: $14.29 billion (30 September 2008)
- Oil - proved reserves: 2.5 billion bbl (1 January 2008 est.)
- Natural gas - proved reserves: 240.7 billion cu m (1 January 2008 est.)
- Current account balance: -$192 million (2008 est.)
- Reserves of foreign exchange and gold: $6.104 billion (31 December 2008 est.)
- Debt - external: $6.72 billion (31 December 2008 est.)
Labels: Economic Overview, Economy and Business
posted @ 3:52 PM,
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