“Economy Hitting Bottom Rock” Sponsored by US & EU Sanctions

Since 2011, Syrian economy has lost over $255 billion (triple the GDP in 2010) with an estimation of 85.2% as general poverty rate, while 35% of the population is now below food poverty threshold.

This was a part of a study conducted by the researchers Nabil Marzouk and Zaki Mahshi. The study also adds that one of the most alarming phenomena during the conflict was that industrial facilities moved to unorganized labour due to the massive destruction and vandalism that befell them, and they had to relocate into areas not intended for industrial activity.

Based on the given data, there is a complex relation between unorganized labour and poverty, as unorganized labour is considered by many as an escape from privation and indigence, but in reality production is low and thus wages will be law as well and this increases the chances of falling under poverty on the long-term.

Therefore, the accelerated and offhand growth of the organized sector will accelerate and expand unorganized labour; hence, the growth of domestic production is not enough to reduce unorganized labour, on the contrary, it accompanies its expansion or sustaining its magnitude.

According to this study, organized labour formed 65% of total workers in 2010. However, the rates reached 76% in Aleppo, although it is an industrial city, and 60% Damascus where agricultural activity is absent while organized industries and institution make most of its sectors.

Unorganized labour is mostly active in agriculture and industry specifically, with clear fall in wages rates in the unorganized sector compared to labour in the organized sector (89% of workers in the private sectors; a very high percentage the includes most of the private sector)

Another study conducted by the Syrian Opinion Center for Surveys and Studies, has revealed that war has destroyed at least 60% of Syria’s infrastructure

(Source: Al-Iqtisadi)


The economic sanctions imposed on Syria participate in the falling apart of Syrian economy and infrastructure. Banks inside Syria cannot receive or send money, transactions are nearly impossible, Syrian bank accounts outside Syria were frozen, and the value of the Syrian pound has fell into disastrous levels. Importing and exporting all kinds of goods, including medical products, are also under sanctions, making it even more difficult to attempt rebuild the infrastructure or at least restoring part of it for the time being.

Ending sanctions on Syria would relief part of the pressure off 18 million Syrians who already reside under the infernal horror of war.

Leave a Reply