Syria Economic Monitor - Conflict, Crises, and the Collapse of Household Welfare - Spring 2024

Jul 19, 2026

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Syria Economic Monitor (Spring 2024) examines how conflict and overlapping crises have driven a sustained deterioration in economic conditions and household welfare. The report details worsening trade activity, persistently high currency depreciation and consumer price inflation, and further contraction in Syria’s fiscal capacity amid funding shortfalls. It also assesses the outlook and key risks, linking the reversal in development to impacts on daily living, coping capacity, and humanitarian access.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages56

Reading Time2 h 21 min

AccessFree to download

Executive Summary

Conflict Context

Recent Economic Developments

Outlook and Risks

Development in Reverse: The Impact of the Syrian Conflict on Household Welfare

References

SYRIA ECONOMIC MONITOR Public Disc losure Authorized Conflict, Crises, and the Collapse of Household Welfare Spring 2024 Pub lic Disclosure Authorized Pub lic Disclosure Authorized Syria Economic Monitor Conflict, Crises, and the Collapse of Household Welfare Spring 2024 Middle East and North Africa Region ©2024 International Bank for Reconstruction and Development/The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 [Internet: www.worldbank.org](Internet: www.worldbank.org) This work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org). Cover photos courtesy of: (top) hanohiki/Shutterstock, (center left) hanohiki/Shutterstock, (center right) ART production/ Shutterstock, and (bottom) Orlok/Shutterstock. Further permission required for reuse. Publication design and layout by The Word Express, Inc. TABLE OF CONTENTS List of Abbreviations ..................................................... vii Preface .............................................................. ix Executive Summary ...................................................... xi الملخص التنفيذي ....................................................... xv 1. Conflict Context ...................................................... 1 2. Recent Economic Developments............................................ 7 The dire economic situation has continued to worsen .............................................. 7 Trade activity remains weak ....................................................................10 Currency depreciation and consumer price inflation are persistently high ............................ 17 Syria’s fiscal budget shrinks further ............................................................. 19 Syria continues to face funding shortfalls and limited access to humanitarian assistance ...............22 Household welfare further deteriorated ..........................................................24 3. Outlook and Risks .....................................................27 Economic outlook ............................................................................27 Risks .......................................................................................28 Development in Reverse: The Impact of the Syrian Conflict on Household Welfare.............31 References ............................................................35 List of Figures Figure 1 The Conflict in Syria Became the Deadliest and One of t

FAQs

How has conflict affected Syria’s recent economic performance?

The report describes a prolonged and worsening economic situation, with significant contraction in economic activity and weak trade activity linked to ongoing conflict dynamics.

What are the key drivers of deteriorating household welfare?

Currency depreciation and persistently high consumer price inflation, shrinking fiscal capacity, and limited access to humanitarian assistance are highlighted as major contributors to worsening living conditions.

What outlook and risks does the report discuss for Syria?

The document presents an economic outlook and outlines major risks that could further intensify adverse conditions and undermine recovery prospects.

Jul 19, 2026

Upload by Oliver