A recent report issued by the "Syndicate of Banking Workers" estimated the losses of the Syrian economy since the beginning of the war in 2011 until now at more than $530 billion, equivalent to 9.7 times the country's gross domestic product in 2010.
According to the report, the percentage of infrastructure damage exceeded 40 percent, including losses of housing, electricity networks, schools, hospitals and service facilities, and a decline in crude oil production from 400 thousand barrels per day to less than 30 thousand barrels.
The United Nations Economic and Social Commission for Western Asia (ESCWA) estimated the economic losses of Syria at about $442 billion, distributed over the damage to physical capital amounting to $117.7 billion, and GDP losses of $324.5 billion.
The ESCWA report showed that 82% of the damage resulting from the war accumulated in 7 sectors that are considered the most demanding of capital, namely housing, mining, security, transportation, manufacturing, electricity and health.
The report revealed that 5.6 million of the Syrian people have become refugees, 6.4 million internally displaced persons, 6.5 million suffer from food insecurity, and 11.7 million citizens are in need of humanitarian assistance.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
