8 years of the Syrian crisis and more than $ 400 billion in losses

​​​​​​​The Economic and Social Commission for West Asia said that Syria had incurred heavy losses at the end of the eighth year of the ongoing crisis in the country, which exceeded $ 442 billion.

The United Nations Economic and Social Commission for Western Asia (ESCWA) and the Center for Syrian Studies at the University of St. Andrews published a report on the heavy economic losses incurred by Syria, which exceeded $ 442 billion, by the end of the eighth year of the ongoing crisis in the country.

The report revealed that the period from 2011 to 2019 resulted in economic losses of more than $ 442 billion, the displacement of at least 5.6 million people, as well as internal displacement of 6.5 million citizens, food insecurity and 11.7 million people in need of some form of humanitarian assistance.

According to the report, three million Syrian children dropped out of school in the 2017/2018 academic year, and Syria was downgraded from the group of countries with medium human development to the group of countries with low human development.

The report pointed out that 82% of the damage caused by the war focused on basic sectors, most notably housing, transportation, security, manufacturing, electricity and health, and that material capital damages amounted to $ 117.7 billion, and GDP losses amounted to $ 324.5 billion.

The report indicated that real GDP had lost, by the end of 2018, 54% of the level it was in 2010.

Exports decreased from $ 8.7 billion in 2010 to $ 0.7 in 2018, as a result of disruption to production and trade chains due to damage to infrastructure, international economic sanctions, as well as to smuggle the financial and human capital abroad, according to the report as well.

The first report was issued in 2016 by the two organizations under the title "Syria: Five Years of War", estimating the total losses incurred by the country in the first years at about $ 259.6 billion.

T/S

ANHA


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