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Syria Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
19,454,263 (July 2018 est.)GDP (PPP)
$50.28 billion (2015 est.)Since the conflict erupted in 2011, the country's GDP has shrunk by 70%
GDP growth rate
-36.5% (2014 est.)More recent data should point to a more stable scenario, though still negative
GDP (PPP) per capita
$2,900 (2015 est.)Very low, country still experiencing a humanitarian crisis
Local currency
Syrian pounds (SYP)The currency continues to lose value even after attempts to stabilize it in the last couple of years; since the start of the conflict, the Syrian pound has lost most of its value
Financial stability (Public debt)
94.8% of GDP (2017 est.)Very high
Inflation
28.1% (2017 est.)Very high though slowing
Language
Arabic (official), Kurdish, ArmenianEnglish and French are understood mostly in urban centers, otherwise proficiency in English is very low (82/100)
Corruption perception index (Source: Transparency International)
178/180Extremely high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
N/AN/A
Corporate Tax
N/AN/A
Duties
N/AN/A
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