The Syrian conflict which has been ongoing for 7 years has cost the country over $388 billion worth of damage. The number was estimated by the UN’s Economic and Social Commission for Western Asia (ESCWA), who said that this estimate does not include the loss of human lives or skilled labour in Syria.
Seven years of relentless conflict in Syria have wreaked destruction that the United Nations said on Wednesday had cost the country close to a whopping $400 billion.
The figure was released after a two-day meeting of more than 50 Syrian and international experts in neighboring Lebanon, hosted by the UN’s Economic and Social Commission for Western Asia (ESCWA).
ESCWA said the “volume of destruction in physical capital and its sectoral distribution” had been estimated at more than $388 billion (334 billion euros).
It said the figure did not include “human losses resulting from deaths or the loss of human competences and skilled labor due to displacement, which were considered the most important enablers of the Syrian economy.”
More than half of Syria’s pre-war population has fled the country or been displaced internally over the past seven years.
Russia’s 2015 military intervention helped a spectacular recovery by government forces, which have regained significant ground in recent months.
Extremists and rebel forces remain in some pockets, but with the military balance hugely in the regime’s favor, efforts have already been shifting toward reconstruction.
ESCWA said a full report on the impact of the war was due out in September and that the updated estimates reached this week would help inform ongoing discussions on post-conflict Syria.