Source: world bank Nominal/PPP
Summary:
Syria GDP Per Capita expanded from 1960 to 2022, increasing from $183.53 to $1,051.67 .The compound annual growth rate (CAGR) averaged 2.86% over the period. The economy recorded its peak level in 2011 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 80.61%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Syria Economic Phases (1960 - 2022)
From 1960 to 2022, Syria economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- High Growth (1964–1965) indicating robust economic expansion
- High Growth (1967–1969) indicating robust economic expansion
- High Growth (1971–1972) indicating robust economic expansion
- High Growth (1974–1976) indicating robust economic expansion
- High Growth (1980–1981) indicating robust economic expansion
- Expansion (1982–1983) indicating steady moderate growth
- Contraction (1984–1985) indicating temporary slowdown
- Crisis (1986–1987) indicating severe economic downturn
- Contraction (1988–1989) indicating temporary slowdown
- High Growth (1995–1996) indicating robust economic expansion
- Expansion (1997–1999) indicating steady moderate growth
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Crisis (2012–2013) indicating severe economic downturn
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
The most remarkable growth occurred in 2022 with an increase of 58.476%, while the largest decline was in 2020 at -48.415%.