Syria has been at war for some time now which negatively impacted their economy. Since 2011, Syria's GDP fell dramatically in manufacturing and agriculture. Between 2010 and 2015, their exports fell some 80%, which oil makes up 50% of total exports. Population is a major factor in Syria's ability to recover. Prior to the recent wars, their population was around 22 million. Since then, there have been some 4.8 million refugees who left the country - nearly 22% decrease in population.
It gets worse...
Did you know that nearly 4 million children in Syria are not in school as a result of war? This does not look good for the long term recovery.
http://www.businessinsider.com/syria-economy-destroyed-2016-6
~Eric Hesbol
It truly is hard to fathom such tragedy and hardship when one is not living in a war-torn region of the world. Long term recovery is difficult to foresee. The benefit, however, of so many Syrians being cared for in Europe may well be the opportunity of the refugees being able to return to their country one day, without the same scars as those who have stayed.
ReplyDeleteThis truly is a tragic thing that Syria must deal with. Not only have they been at war for quite some time, but how much it is dramatically impacting their economy as well. Within those five years for their exports to fall as low as 80% is out of this world. As you also mention the popularity has decreased as well. I personally would not want to be living there myself while these events were happening. The fact that they had about 22 million as lost about 4.8 million is a huge loss. Lastly, I did not know that there was about 4 million children suffering from education due to the result of war. This is a horrible thing to think about, and hopefully this long road to recovery will happen sooner than later. A lot of these people are probably hard working individuals looking for a decent living as these kids may never get a chance on-top of that. This is a truly sad thing to think about, as I can only wish for the best outcome at the end of all of this.
ReplyDeleteWow this is truly a tragedy. I wouldn't known about this until I read your post and the article. War always brings terrible things and so much destruction to the countries that are involved. Even after they finally manage to get free from the constant terror of war, they will have a long hard road ahead of them. The rebuilding and repairing cost both in time and money will be astronomical. The truly sad thing is how long it will take to recover from the possibility of whole generations without a formal education. I think that this has the potential to have a huge impact on them as well.
ReplyDeleteThis situation seems to be getting only worse. It will take generations to rebuild the country and to reestablish a functioning economy again. The unwillingness of some countries to help the situation will only prolong the suffering of the innocent.
ReplyDeleteInteresting read. I never thought about all of the children that are unable to get an education because of the war going on. This will have tremendous, long- term effects on the economy. With agriculture decreasing and a lot of the population's workforce leaving the country, it will be hard to overcome economic obstacles. - Lorreen McCabe
ReplyDelete