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A report released last week, prepared by the Syrian Center for Policy Research (SCPR) and commissioned by UNRWA and UNDP, indicates that the Syrian economy has sustained losses of $143.8bn between the start of that country’s civil war in 2011 and the end of 2013.
These losses are up $41bn from the organization’s previous estimate, made at the end of the second quarter of 2013 (MEES, 1 November 2013).
The report notes that the total economic loss since the beginning of the conflict is equivalent to 276% of Syria’s 2011 GDP at constant prices. Of the total $70.9bn is from collapsing GDP, $64.8bn in damaged capital stock, and $8.1bn in increased military expenditure (see table). Syria’s end-2013 GDP was 38% lower than a year earlier. The GDP loss in the second half of 2013 alone is estimated at $16.48bn.
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