Syria War Losses Exceed $442 Billion

Photo by Andrew Quilty
Photo by Andrew Quilty
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Syria War Losses Exceed $442 Billion

Photo by Andrew Quilty
Photo by Andrew Quilty

By the end of the eighth year of conflict in Syria, economic losses had exceeded an estimated $442 billion, according to a report issued by the National Agenda for the Future of Syria (NAFS) program of the United Nations Economic and Social Commission for Western Asia (ESCWA) and the Center for Syrian Studies at the University of St Andrews.

However huge, this number alone does not epitomize the suffering of a population among which 5.6 million people were registered as refugees and 6.4 million as internally displaced; 6.5 million were experiencing food insecurity, and 11.7 million were still in need of at least one form of humanitarian assistance.

The report, entitled “Syria at War: Eight Years on”, reveals that nearly 3 million children inside the country were out of school during the 2017-2018 academic year. The conflict has torn the social fabric and caused losses in human development, downgrading Syria’s status from medium human development to low human development.

In their foreword, ESWA and the University of St Andrews point out that “the consequences of the conflict for the economy and social fabric pose daunting future challenges: whether it is production, investment or human development, the conflict has cost the country its hard-won socioeconomic gains”.

The report shows that 82% of conflict-induced damage was accumulated in seven of the most capital-intensive sectors, namely housing, mining, security, transport, manufacturing, electricity, and health. It estimates the value of physical capital destruction at $117.7 billion and the loss in gross domestic product (GDP) at $324.5 billion, thus placing the macroeconomic cost of conflict at about $442.2 billion. The report also cites official data according to which, by the end of 2018, real GDP had lost 54% of its 2010 level.

As for trade, the report underlines that Syrian exports witnessed a collapse, from $8.7 billion in 2010 to $0.7 billion in 2018, resulting from disrupted production and trade chains. Infrastructure damage, the restrictive unilateral economic sanctions imposed by the United States of America and the European Union, and physical, financial, and human capital flight out of the country are among the contributing factors to this collapse. Imports, however, did not witness a comparable fall, which has widened the trade deficit and generated increasing pressure on the value of the Syrian pound (SYP).

The report also provides an overview of the repercussions of the conflict on governance and the rule of law, and of the different manifestations of its internationalization. It outlines some principles of peacebuilding, highlights challenges for recovery then suggests ways out of the deadlock.



Netanyahu’s Messages: Beyond Türkiye, Closer to Tel Aviv

Men inspect the site of an Israeli airstrike on Thursday morning, following the bombing in southern Hama Province (AFP). 
Men inspect the site of an Israeli airstrike on Thursday morning, following the bombing in southern Hama Province (AFP). 
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Netanyahu’s Messages: Beyond Türkiye, Closer to Tel Aviv

Men inspect the site of an Israeli airstrike on Thursday morning, following the bombing in southern Hama Province (AFP). 
Men inspect the site of an Israeli airstrike on Thursday morning, following the bombing in southern Hama Province (AFP). 

Following a series of intensified Israeli airstrikes on Damascus and the airports in Homs and Hama, as well as a ground incursion into the city of Nawa near Daraa, Israeli officials on Thursday escalated their rhetoric, issuing fresh threats to the Syrian leadership and warning of further military action—this time citing concerns over Turkish military activity in the region.

Israeli Foreign Minister Gideon Saar voiced particular alarm over Türkiye’s growing role in Syria, Lebanon, and beyond. Speaking at a press conference in Paris, he said: “They are doing everything they can to turn Syria into a Turkish protectorate. That is clearly their intention.”

Defense Minister Israel Katz echoed this sentiment, stating that Israel “will not allow Damascus to become a security threat” to Israel.

Rising Concern Over Türkiye’s Military Footprint in Syria

Military officials in Tel Aviv confirm that Israel sees Türkiye’s growing military presence in Syria as a serious concern. Their fear stems from two key issues: first, Ankara’s reported efforts to rebuild the Syrian army along the lines of its own modernized military model; and second, its apparent goal of establishing a long-term military foothold inside Syrian territory.

Israeli defense sources point out that Türkiye’s armed forces operate based on a traditional ground warfare doctrine, featuring large-scale armored divisions and well-equipped infantry units—similar in style to the Russian military. This stands in contrast to the Israeli military, which relies heavily on air superiority and has long underinvested in ground forces.

Given this disparity, any significant Turkish deployment in Syria could pose a direct challenge to Israeli operations and raise the risk of confrontation.

While the recent Israeli airstrikes targeted mostly long-defunct Syrian military sites—many of which have been hit repeatedly over the years—the attacks signal a broader strategic shift.

In the wake of the October 7, 2023, Hamas-led assault on southern Israel, the Israeli military has moved away from a defensive posture of deterrence and containment. In its place, the army has embraced a more aggressive doctrine built around preemptive action.

This shift was further underscored by the appointment of a new chief of staff from the Armored Corps—the first in three decades—signaling a renewed emphasis on ground operations and offensive initiatives.

Not Just a Message to Türkiye

Despite the messaging around Türkiye’s presence, analysts say the recent wave of Israeli military action also serves broader geopolitical aims.

After failing to persuade Washington to pressure Ankara to scale back its involvement in Syria, Israel now appears determined to assert its own red lines militarily. The airstrike on the Scientific Studies and Research Center in Damascus—a facility already destroyed multiple times since 2018—was widely viewed as symbolic.

Israeli officials say the intended audience for that particular strike was Syrian interim President Ahmad al-Sharaa, whom Israeli intelligence continues to refer to by his former nom de guerre, Abu Mohammad al-Jolani. By launching the attack during the Eid al-Fitr holiday, Israel aimed to send a clear message: there will be no return to normalcy in Syria without accounting for Israeli interests.

Among those interests is normalization. Last month, Prime Minister Benjamin Netanyahu reiterated his desire to see Syria and Lebanon join the Abraham Accords and establish formal diplomatic ties with Israel.

Hardline figures within Netanyahu’s coalition believe Israel currently holds a strategic upper hand. As right-wing think tank head Meir Ben-Shabbat recently wrote: “Israel is in its strongest position ever. It is transforming the Middle East, expanding its military capabilities, and pushing back the Iranian axis—while Syria is at its weakest.”

For many in Israel’s ruling right, this is an ideal moment to push for a peace agreement with Syria, possibly even one involving Israeli withdrawal from the occupied Golan Heights.

The Real Audience: Domestic Israel

Still, perhaps the most significant message behind the military campaign is directed not at Ankara, Damascus, or even Tehran—but at Tel Aviv.

As protests against Netanyahu’s leadership have grown louder in recent months, military escalation has served as a convenient political shield. The wars in Gaza, the West Bank, Syria, and Lebanon dominate public attention and have largely sidelined anti-government demonstrations.

“Netanyahu’s government must go, but we won’t take to the streets while our sons are fighting,” has become a common refrain among many Israelis who oppose his leadership but remain reluctant to protest during wartime.

By maintaining a state of conflict, Netanyahu is not only securing his coalition’s survival but also enabling his allies to advance a hardline agenda—particularly on the Palestinian issue—that would have faced greater resistance in peacetime.

Critics warn that this strategy, while politically expedient, comes at a steep cost to Israel’s democratic institutions, its judiciary, and the long-term stability of the region.