Best Syria Trade Data For 2022 - Data Pro by CIC

Syria, is a country in Western Asia. Its capital and largest city is Damascus. As of 2015, the Syrian economy relies upon inherently unreliable revenue sources such as dwindling customs and income taxes which are heavily bolstered by lines of credit from Iran. At the outset of the ongoing Syrian Civil War, Syria was classified by the World Bank as a "lower middle income country." In 2010, Syria remained dependent on the oil and agriculture sectors. The oil sector provided about 40% of export earnings. Proven offshore expeditions have indicated that large sums of oil exist on the Mediterranean Sea floor between Syria and Cyprus. The agriculture sector contributes to about 20% of GDP and 20% of employment. Oil reserves are expected to decrease in the coming years and Syria has already become a net oil importer.