Following a 1.5% contraction in 2024, Syria's GDP is projected to grow by 1% in 2025, according to a World Bank report released on July 7, 2025. The report notes that this growth comes amid ongoing security challenges, liquidity issues, and the suspension of foreign assistance. Although sanctions have been eased, limitations such as frozen assets and restricted access to international banking continue to impact energy supply, humanitarian support, and trade.
The "Syria Macro Fiscal Assessment 2025" reviews Syria's economic situation during its political transition and regional instability. It emphasizes the severe damage to Syria’s economy from years of conflict, with GDP declining by over 50% since 2010 and Gross National Income per capita dropping to $830 in 2024. Extreme poverty affects one in four Syrians.
"Economic data for Syria is extremely scarce and hard to come by. This macro-fiscal assessment bridges critical information gaps and provides an important foundation for policy dialogue to revitalize economic growth and bring prosperity to Syria," said Jean-Christophe Carret, World Bank Middle East Division Director.
The Syrian Government has recently implemented measures aimed at unifying macroeconomic policies with a focus on good governance of public funds. Efforts are also underway to attract foreign investment and aid commitments for economic recovery.
“Syria today is a land of opportunities, with immense potential across every sector. The government is actively driving reforms to deliver real results and visible progress on the ground,” said H.E. Yisr Barnieh, Minister of Finance. “This report highlights Syria’s enormous economic challenges...but also provides important data...We are very optimistic...that our economy will soon achieve higher growth.”
The future outlook for Syria remains uncertain due to persistent security issues and potential increases in fuel prices driven by oil import challenges. However, agreements on resource-sharing or governance could boost oil production nationally. Increased regional engagement could facilitate recovery if sanctions ease enough to allow investment.