Syria’s economy has had a tough year, but a new World Bank report shows there could be a slight improvement ahead, according to a press release. After shrinking by 1.5% in 2024, Syria’s economy is expected to grow by just 1% in 2025. The country still faces major obstacles—like ongoing violence, little access to cash, and foreign support that’s not coming in. Some sanctions have eased, but many assets are still frozen and banking problems continue, making it hard for families and businesses to get basic supplies, trade, or support.
The report, called “Syria Macro Fiscal Assessment 2025,” spells out the problems in clear numbers. Fourteen years of fighting have cut Syria’s economy by more than half. The average person now earns only $830 a year, which puts most households far below the poverty line. One in four Syrians lives in extreme poverty. Getting ahold of cash is still a daily struggle for many.
Jean-Christophe Carret from the World Bank said, “This macro-fiscal assessment bridges critical information gaps and provides an important foundation for policy dialogue to revitalize economic growth and bring prosperity to Syria.”
The report points out that Syria’s new government is trying to fix things by managing public money better and encouraging foreign investment.
Finance Minister Yisr Barnieh remains hopeful. He says Syria has “immense potential” and that new policies—and the data in this report—can help put the country back on track. He hopes for more growth and steady recovery soon, though he admits the road will not be easy.
Big risks are still there. Security problems, possible fuel shortages, and high prices might slow things down again. But if Syria can reach deals on oil and gas, get more help from neighbors, and welcome back returning refugees, there’s a chance for slow but real progress—especially if sanctions keep easing.
