National Debt (% of GDP): Syria

Analysis# Syria National Debt (% of GDP) Syria's national debt stood at 30% of GDP in 2010, representing a dramatic recovery from its all-time peak of 189.8% in 1990. Over the two-decade span, the country reduced its debt burden by 84.2%, marking one of the most significant fiscal consolidations in the dataset. The 2010 figure matches the series low, indicating Syria had completed an extended deleveraging cycle. The most striking turning point occurred between 2004 and 2005, when debt fell from 113% to 50.7% of GDP—a sharp single-year improvement of 62.3 percentage points. Prior to this shift, the ratio declined more gradually from the 144.5% recorded in 2001. Sustained progress continued through 2010, with the debt-to-GDP ratio dropping steadily from 37.3% in 2008 to its final 30% level, suggesting structural fiscal improvements had taken hold by the decade's end.