Rafik Hariri Center Nonresident Fellow Mona Alami writes for Al-Monitor on Syria’s struggling economy following the start of their civil war in March 2011:
Syria’s economic figures show catastrophic total economic losses from the start of the conflict in March 2011 until the end of 2014 at $203 billion in constant 2000 prices, equivalent to 383% of the country’s 2010 gross domestic product ($60 billion), Nassib Ghobril, head economist at Byblos Bank, told Al-Monitor.
The 2015 gross domestic product was around $30 billion, with economic output declining by about 60% compared with 2010, according to a Chatham House study. “Sectors most affected are tourism and industry, with the latter shrinking by 80%,” Syrian economist Jihad Yazigi told Al-Monitor.