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Syria

Welcome to the price transmission page for Syria. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Syria

Historic Warnings per Commodity

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Background information

The highly regulated economy has been traditionally dependent on oil and agriculture. Attempts to liberalize and diversify its economy reversed with the civil conflict, which started in March 2011 due to anti-government protests against the president Bashar al-Assad and turned into a militarized civil conflict. The chaotic situation contributed to the upsurge of the Islamic State. The terror organization aiming at establishing a caliphate claims major parts of Syrian territories. The civil war has devastating effects on the economy: Syria's economy contracted by more than 60%. As of 2015, Syria has been highly dependent on credits from Iran and Russia.

Roughly a quarter of the land area is used as arable land for wheat, barley, cotton, lentils, chickpeas, olives and sugar beets. Another half of the land area is used as permanent pasture for beef, mutton and poultry. Overall, agriculture contributes to one-fifth of GDP and employs one of six of the labor force. The conflict however has destroyed agricultural infrastructure and irrigation systems, reducing output and income, and increasing food scarcity. Most of the food demand needs to be imported.

Syria faces a severe humanitarian crisis due to the ongoing civil conflict. The UN estimates that in the beginning of 2016, 13.5 million people were in need of humanitarian assistance. Since 2011, half of the population has been displaced internally or fled the country. Unemployment rose sharply: more than half of the population is currently unemployed. Access to water, electricity, medical supplies and food is worsening, especially in areas with armed combat. Overall, every four in five are living in poverty. Syria’s rank in the HDI worsened from 119 out of 187 countries in 2010 to 134 out of 188 countries in 2015.