© 2009 International Monetary Fund February 2009 IMF Country Report No. 09/56 Syrian Arab Republic: Statistical Appendix This Statistical Appendix for the Syrian Arab Republic was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 19, 2008. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Syrian Arab Republic or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund ● Publication Services 700 19th Street, N.W. ● Washington, D.C. 20431 Telephone: (202) 623-7430 ● Telefax: (202) 623-7201 E-mail: [email protected] ● Internet: http://www.imf.org International Monetary Fund Washington, D.C. ©International Monetary Fund. Not for Redistribution This page intentionally left blank ©International Monetary Fund. Not for Redistribution INTERNATIONAL MONETARY FUND SYRIAN ARAB REPUBLIC Statistical Appendix Prepared by Khaled Sakr, Jemma Dridi, Mitra Farahbaksh, Mariusz Sumlinski, and Moataz El Said Approved by the Middle East and Central Asia Department December 19, 2008 Contents Page 1. Gross Domestic Product at Market Prices, 2003–06 ..................................................... 3 2. National Income and Prices, 2003-07............................................................................ 4 3. Production, Consumption, and Trade of Crude Oil and Petroleum Products, 2003–07................................................................................................................... 5 4. Prices of Selected Oil Products, 2003–08...................................................................... 6 5. Production, Cultivated Area, and Yield of Major Crops, 2003–07 ............................... 7 6. Construction Activity, 2003–06..................................................................................... 8 7. Labor Market Developments, 2003-06.......................................................................... 9 8. Investment Approvals, 2003-06................................................................................... 10 9. Consumer Price Index, 2003-08 .................................................................................. 11 10. Monthly Consumer Price Index, 2003-08.................................................................... 12 11. Details of Budgetary Revenue, 2003–07 (In millions of Syrian Pounds).................... 13 12. Details of Budgetary Revenue, 2003–07 (In percent of GDP)..................................... 14 13. Details of Budgetary Expenditure, 2003–07 (In millions of Syrian Pounds) .............. 15 14. Details of Budgetary Expenditure, 2003–07 (In percent of GDP)............................... 16 15. Price Stabilization Fund (PSF) Operations, 2003–07.................................................. 17 16. Surpluses of Public Enterprises Transferred to the Budget, 2003–07 ......................... 18 17. Budgetary Contribution of Selected Public Enterprises, 2003–06............................... 19 18. Government Debt by Type of Debt Holder, 2003–07.................................................. 20 19. Domestic Public Debt, 2003–07 .................................................................................. 21 20. Central Bank Balance Sheet, 2003–07......................................................................... 22 21. Consolidated Balance Sheet for Banking System, 2004–08........................................ 23 22. Sectoral Distribution of Credit, 2003-08 ..................................................................... 24 23. Interest Rate Structure for Public Banks, 2004–08...................................................... 25 24. Composition of Exports, 2003–07............................................................................... 26 25. Composition of Imports, 2003–07 ............................................................................... 27 ©International Monetary Fund. Not for Redistribution 2 26. Destination of Exports, 2003–07................................................................................. 28 27. Origin of Imports, 2003-07.......................................................................................... 29 28. Tourism Activities, 2003-06........................................................................................ 30 29. Tourism Spending, 2003-07........................................................................................ 31 ©International Monetary Fund. Not for Redistribution 3 Table 1. Syrian Arab Republic: Gross Domestic Product at Market Prices, 2003–06 2003 2004 2005 2006 (In millions of Syrian Pounds) Agriculture 264,840 281,177 305,351 347,361 Mining 259,742 331,959 418,503 466,859 Building and construction 39,379 36,162 40,320 45,450 Wholesale and retail trade 177,738 221,393 300,022 349,380 Transport and communication 151,002 141,599 160,851 192,504 Finance and insurance 38,749 53,329 73,969 103,359 Social and personal services 28,193 31,421 37,162 42,511 Government services 107,008 154,044 159,460 175,762 Non-profit private services 614 706 795 908 Customs duties ... 22,572 22,904 17,200 Value of imported money services ... -11,223 -28,539 -32,549 GDP at market prices 1,067,265 1,263,139 1,490,798 1,708,745 Source: The Central Bureau of Statistics. ©International Monetary Fund. Not for Redistribution 4 Table 2. Syrian Arab Republic: National Income and Prices, 2003–07 Prel. 2003 2004 2005 2006 2007 (In billions of SP, unless otherwise indicated) GDP at market prices (in constant 2000 prices) 1,018 1,086 1,135 1,193 1,243 Oil GDP 215 202 184 177 168 Non-oil GDP 803 884 950 1,016 1,075 GDP at market current prices 1,067 1,263 1,491 1,709 2,025 Oil GDP 200 277 357 404 380 Non-oil GDP 867 986 1,134 1,305 1,558 Nominal GDP ($ billions) 22 25 29 34 41 (Change in percent) Real GDP growth … 6.7 4.5 5.1 4.2 Oil GDP … -6.1 -8.6 -7.1 -5.0 Non-oil GDP … 10.2 7.5 6.9 5.8 GDP deflator … 10.9 12.9 9.1 13.7 Oil GDP … 18.5 49.1 19.9 24.6 Non-oil GDP … 3.3 7.0 7.7 12.8 Sources: Syrian authorities; and Fund staff estimates. ©International Monetary Fund. Not for Redistribution 5 Table 3. Syrian Arab Republic: Production, Consumption, and Trade of Crude Oil and Petroleum Products, 2003–07 2003 2004 2005 2006 2007 (In millions of metric tons) Production of crude oil 23.9 23.2 21.7 20.3 19.3 Heavy crude 8.9 9.0 9.6 10.5 9.1 Light crude 15.0 14.2 12.1 9.7 10.2 Net exports of crude oil 11.2 10.6 9.9 7.7 7.2 Exports of crude oil 14.2 11.3 10.3 8.1 7.6 Heavy crude 3.7 4.0 4.0 4.0 4.2 Light crude 10.5 7.3 6.3 4.1 3.4 Imports of crude oil 3.0 0.7 0.4 0.4 0.4 Refineries intake 12.7 12.5 11.8 11.6 12.1 Net exports of refined oil 2.8 -1.3 -3.4 -4.1 -5.8 Exports of refined products 4.8 2.0 1.9 1.4 1.21 Imports of refined products (including LPG) 2.0 3.3 5.3 5.4 7.0 Domestic consumption of refined oil products 11.7 13.7 14.7 15.8 16.7 Gasoline 1.0 1.0 1.2 1.4 1.5 Kerosene 0.2 0.2 0.2 0.2 0.2 Gas oil 5.4 6.5 7.0 7.4 7.6 Fuel oil ( Mainly Electricity Production) 3.8 4.6 4.7 5.3 5.7 Asphalt 0.6 0.6 0.7 0.6 0.6 LPG 0.7 0.7 0.8 0.8 0.8 Other products 0.2 0.1 0.1 0.1 0.1 Losses in refining and change in stocks -1.9 0.2 0.5 0.8 1.5 (In thousands of barrels per day) Production of crude oil 477.4 462.0 431.0 400.2 380.4 Heavy crude 168.8 170.0 183.0 199.9 192.1 Light crude 308.6 292.0 248.0 200.3 188.3 Net exports of crude oil 226.0 213.7 197.3 151.6 144.5 Exports of crude oil 286.0 227.4 205.5 160.3 153.2 Heavy crude 70.0 76.7 76.7 75.6 85.3 Light crude 216.0 150.7 128.8 84.7 67.9 Imports of crude oil 60.0 13.7 8.2 8.7 8.6 Net exports of refined products 56.5 -26.6 -67.7 -81.9 -122.2 Exports of refined products 96.9 40.5 39.0 27.7 24.4 Imports of refined oil products 40.4 67.1 106.7 109.6 146.7 (Change in percent) Memorandum item: Annual oil production -3.8 -3.2 -6.7 -7.1 -5.0 Exports of oil and petroleum products -9.2 -29.9 -8.0 -22.6 -6.7 Imports of oil and petroleum products 20.1 -19.5 42.3 2.8 27.1 Domestic consumption 0.1 16.5 7.2 8.0 5.8 Sources: Ministry of Oil; Oil Marketing Office; and Fund staff estimates. ©International Monetary Fund. Not for Redistribution 6 Table 4. Syrian Arab Republic: Prices of Selected Oil Products, 2003–07 2003 2004 2005 2006 2007 (In U.S. dollars per barrel) The price of representative basket of crude oil 1/ 28.89 37.76 53.4 64.3 71.1 Change in percent 15.8 30.7 41.3 20.5 10.6 Syria's crude oil price Heavy 24.2 28.6 41.3 52.3 61.5 Light 27.9 35.8 52.8 63.3 70.5 Weighted average 26.9 33.4 48.3 57.9 65.3 (In Syrian pounds per metric ton) Domestic retail prices of petroleum products High octane gasoline 32,910 32,910 32,910 40,530 40,530 Regular gasoline 32,424 32,424 32,424 39,931 39,931 Average gasoline 32,667 32,667 32,667 40,231 40,231 Kerosene 19,269 28,148 28,148 28,148 28,148 Gas oil 8,702 8,702 8,702 8,702 8,702 Fuel oil (type 3) 1,404 6,390 6,390 6,390 6,390 Asphalt ... 1,191 1,191 2,381 2,381 LPG ... 27,770 27,770 27,770 27,770 Other products ... 59,451 59,451 59,451 59,451 International prices of selected petroleum products valued at the official budget rate High octane gasoline 13,335 19,584 29,044 34,992 38,708 Regular gasoline 13,335 19,584 29,044 34,992 38,708 Kerosene 12,206 18,548 27,508 33,141 36,660 Gas oil 11,747 17,851 26,000 28,786 31,843 Fuel oil (type 3) 6,835 7,314 11,150 12,462 13,785 Asphalt n.a.