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Syria Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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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, Armenian

English and French are understood mostly in urban centers, otherwise proficiency in English is very low (82/100)

Corruption perception index (Source: Transparency International)
178/180

Extremely high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
N/A
N/A
Corporate Tax
N/A
N/A
Duties
N/A
N/A

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