Syria's Losses Due to the War Exceeded $530 Billion

  • Damascus, Syrian Arab Republic
  • 28 May 2020
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A report issued by the Syrian Center for Policy Research (independent) showed that the losses of the Syrian economy in two years increased by about $150 billion, bringing the total losses during nine years of war to about $530 billion, including more than 65 billion as a result of damage to 40 percent of the structure Infrastructure.

The report issued by the Syrian Center raised the poverty rate in the countries that the World by map instituted during its annual study on poverty in the countries of the world, from 82% to 86%, estimating the number of displaced people and refugees by about 13 million out of a population of 22 million.

According to the report, the economic losses of the war until the end of 2019 are equivalent to 9.7 times the GDP for 2010 at constant prices.

It is worth noting that the figures of the Syrian Center monitored the losses until the end of 2019, and did not take into account the losses, poverty, and unemployment after the lira exchange rate fell during the current year and lost about 100% of its value during the last months of this year, after it fell against the dollar from about 911 Lira at the beginning of 2020 to more than 1,800 liras against the dollar now.

Source (The New Arab Newspaper, Edited)