A recently published economic report by the Syrian government reveals that the Syrian GDP climbed by 10.5 percent in 2000 compared with the previous year, according to Al-Sharq Al-Awsat daily.
The GDP value grew from 1,445 billion Syrian pounds ($29 million) in 1999 to SP 1,597 billion in 2000. The report attributed this growth mainly to the sharp rise in the international oil prices through 2000.
The report also showed that the value of the total investments in Syria had increased to 157 billion Syrian pounds ($3.1 billion) in 2000, up from SP 154 billion in 1999, a 1.9 percent rise.
The public sector was cited as the source of 60.5 percent of these investments in 2000; a 5.7 percent expansion compared with the previous year. Additionally, the report claimed that the value of the investments from the private sector declined by 3.2 percent during the same period.
On the other hand, Syrian exports grew to SP 304 billion in 2000, up from SP 256 billion in 1999, in current prices. These figures reflect a SP 48 billion export rise in 2000, compared with only a SP 3 billion increase in 1999.
Furthermore, oil production in Syria declined to 31.8 million cubic meters in 2000, compared to 33.3 million cubic meters in 1999. –(MENA Report)
© 2001 Mena Report (www.menareport.com )