Saturday, 22 February 2025
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EconomyMiddle East

Syria’s Economic Recovery: A 55-Year Road to Stability

  • Syria’s economy will take over 50 years to return to pre-war levels, according to a UNDP report.
  • The conflict has reversed decades of development, with 90% of Syrians now living in poverty.
  • Long-term investment in infrastructure, governance, and economic stabilization is crucial for recovery.

The UNDP report highlights the devastating economic impact of Syria’s 14-year conflict, which has undone nearly four decades of progress. With GDP now less than half of its 2011 value, the country faces a long and challenging path to recovery.

Syria’s recovery is projected to take more than five decades at its current economic growth rate. The UN study estimates that to return to its 2010 GDP level, the country would need sustained growth of at least 5% annually for 15 years.

Rebuilding Syria: A Long Road to Economic Stability

The war in Syria has not only led to immense human suffering but has also crippled its economic foundations. The country’s GDP has shrunk to less than half of its 2011 level, leaving 90% of the population in poverty and one-quarter jobless. The UNDP study warns that even under the most optimistic conditions, it will take at least 55 years for Syria to regain its pre-war economic standing.

Infrastructure destruction and the collapse of key industries have severely hindered economic recovery. Agriculture, once a major contributor to Syria’s economy, has suffered massive losses due to war-related damage and displacement. Without urgent investment in rebuilding essential services, restoring productivity, and improving governance, long-term stability remains uncertain.

A major challenge in Syria’s recovery is its heavy reliance on external aid. The UNDP emphasizes the need for a self-sustaining economic model that reduces dependency on foreign assistance. This includes revitalizing local industries, increasing employment opportunities, and ensuring food security through agricultural recovery.

The international community’s role is critical in Syria’s rebuilding efforts. While humanitarian aid is essential, long-term financial support and policy-driven investments are required to reconstruct infrastructure and stabilize the economy. Without significant intervention, the country risks prolonged economic stagnation.

Syria’s economic recovery is a long and uncertain journey, requiring strategic planning, international support, and governance reforms. The next five decades will be crucial in determining the country’s ability to rebuild and sustain growth.

“It is not enough to win a war; it is more important to organize the peace.” — Aristotle

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