At its current rate of growth, Syria‘s economy will need more than half a century to recover to pre-war levels, according to a report published by the United Nations, which points out that 14 years of war have set the country back 40 years in terms of ‘economic, social and human progress’.
The report, entitled ‘The Impact of the Conflict in Syria’ and published on 20 February by the United Nations Development Programme (UNDP), analyses the situation in the country after the fall of Assad, estimating that during the 14 years of conflict Syria’s Gross Domestic Product (GDP) has lost 800, 000 million dollars until it ‘plummeted to less than half its value’ in 2011.
If before the war 33% of Syrians lived below the poverty line, today 90% of the population of Syria live in that situation, with 66% of Syrians reaching levels of extreme poverty (a situation in which people cannot meet even their most basic needs). The situation is such that one in four Syrians depends on international humanitarian aid to survive.
The United Nations also points out in the report that energy production in the Arab country has plummeted by 80% after the war, with up to 70% of Syrian power plants damaged by the conflict, which has led to a 75% reduction in the capacity of the Syrian national grid.
‘With current growth levels’, estimated at 1.3% per year, “Syria’s economy will not recover its pre-conflict GDP levels until the year 2080,” warns the document, which calls for massive investment in the country to help it recover its economy after the end of the dictatorship of Bashar al-Assad.
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Pablo Gómez is a specialist in Turkey and has been editor-in-chief of Hispanatolia since 2011. He has been analysing current affairs and geopolitics in Turkey and the surrounding region since 2006.
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