Countries in the region suffered $35 billion in losses from the Syrian war.

December 23, 2014 09:08

The civil war in Syria and the rise of the self-proclaimed Islamic State (IS) group in recent times have caused more than 35 billion USD in damage to the economies of 6 countries in the region.

Hiện trường một vụ đánh bom ở Syria. Nguồn: AFP/TTXVN
The scene of a bombing in Syria. Source: AFP/TTXVN

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The above results were announced by an economic research group of the World Bank (WB) after assessing the direct and indirect impacts of the four-year conflict in Syria, as well as the rise of IS to gain control of many important positions in Syria and Iraq on the economies of Turkey, Syria, Lebanon, Jordan, Iraq and Egypt.

Among the above countries, Lebanon is said to be the most affected by the conflicts in Syria and Iraq.

Lebanese media on December 22 quoted Social Affairs Minister Rashid Derbas as saying that the country's economy has suffered more than 20 billion USD in losses, while per capita income has decreased by 11% since the conflict broke out in Syria in 2011.

According to Mr. Rashid Derbas, the appearance of 1.1 million Syrian refugees in the country has forced the government to change its plans for infrastructure investment as well as paying for the refugees' arising needs.

According to estimates by the Central Bank of Lebanon, with Syrian refugees accounting for 25% of the country's population, Lebanon will have to spend an additional 4.5 billion USD each year.

Meanwhile, a WB study confirmed that the Lebanese economy will suffer direct losses of about $1 billion and indirect losses of $3.5 billion per year.

According to Vietnam+

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Countries in the region suffered $35 billion in losses from the Syrian war.
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