The Devastating Impact of the Syrian Civil War on the Country’s Economy

The ongoing Syrian Civil War has had a profound and far-reaching impact on the country’s economy. The conflict has led to a significant increase in inflation, a weakening of the healthcare system, and a decline in economic activity.

Economic Consequences of the Conflict

• Inflation has increased by 32.5 times since 2010, making it increasingly difficult for people to afford basic necessities.
• The prices of food and beverages have risen significantly, further exacerbating the crisis.
• The healthcare system has been severely weakened due to the destruction of health facilities, the flight of doctors and nurses, and sanctions imposed by various countries.

The COVID-19 Pandemic: An Additional Challenge

The COVID-19 pandemic has added an additional layer of complexity to the economic challenges faced by Syria. The pandemic has led to:

• Reduced salaries in the private sector
• A decrease in the number of companies established and registered
• A decline in remittances from abroad, which is a crucial source of income for many families

Humanitarian Assistance: A Lifeline for Those Affected

Despite the significant challenges faced by Syria, humanitarian assistance has played a critical role in supporting those affected by the crisis. Some examples of humanitarian aid provided to Syria include:

• The European Union (EU) and its member states have provided over $18.3 billion in humanitarian assistance since the beginning of the crisis.
• The United States (US) has spent nearly $8.1 billion on humanitarian assistance to support those affected by the conflict.
• The UAE has provided foreign assistance worth $977 million between 2012 and the beginning of 2019.

Overall, the Syrian Civil War has had a profound impact on the country’s economy and its people, with humanitarian assistance playing a critical role in supporting those affected by the crisis.