The Cost of Ten Years of Devastating War in Syria

A girl stands amidst the rubble of damaged buildings in the northern Syrian town of al-Bab, Syria, February 28, 2017. (Reuters)
A girl stands amidst the rubble of damaged buildings in the northern Syrian town of al-Bab, Syria, February 28, 2017. (Reuters)
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The Cost of Ten Years of Devastating War in Syria

A girl stands amidst the rubble of damaged buildings in the northern Syrian town of al-Bab, Syria, February 28, 2017. (Reuters)
A girl stands amidst the rubble of damaged buildings in the northern Syrian town of al-Bab, Syria, February 28, 2017. (Reuters)

What started as peaceful protests against president Bashar Assad's rule in Syria has spiraled into a decade-old multi-sided conflict that has sucked in neighbors and world powers and caused the largest displacement crisis since World War Two.

As Assad prepares for a fourth term in office, here is a summary of the human and financial cost of the conflict according to data from United Nations bodies, international NGOs and Syrian civil society groups.

THE HUMAN TOLL:
*Death count and detainee estimates:
The Syrian Network for Human Rights (SNHR), which has been documenting the war from outside Syria and briefs UN agencies, has documented 227,749 civilians who were killed from March 2011 until now. This figure includes only documented civilian deaths, while researchers estimate another 250,000 combatants from all sides have also been killed.

The figures are broadly in line with estimates by rights groups and UN-commissioned investigators. They say Syrian and Russian bombing and Iran-backed militias were responsible for the bulk of civilian deaths.

Syria's prisons hold tens of thousands of detainees. Many have been arbitrarily detained for participating in peaceful protests or for expressing dissenting political opinion, according to Human Rights Watch and Amnesty International.

SNHR has documented 149,361 political detainees, of whom 101,678 remain missing. Those figures match estimates by groups such as Human Rights Watch and Amnesty.

*Refugees and Displacement:
Half the Syrian population, which stood at 23 million at the start of the conflict, have been forced to flee their homes, UN bodies say.

Of those, 5.5 million are living as refugees in the region, mostly in Turkey, the UN's refugee body UNHCR says. Hundreds of thousands more are scattered across 130 countries, while 6.7 million have been displaced inside the country, including an estimated 2.5 million children.

DAMAGE ASSESSMENT AND HARDSHIP:
*Losses:
The UN's ESCWA agency estimated physical capital destruction at $117.7 billion and the economic damage in terms of lost GDP (Gross Domestic Product) at $324.5 billion - putting the cost of the conflict at about $442.5 billion.

The report also cites official data which showed by the end of 2018 real GDP had lost 54% of its pre-conflict level.

The World Bank has estimated cumulative GDP losses from 2011 to 2016 at $226 billion and warned that the longer the conflict lasts, the more difficult recovery will be as losses become more persistent over time.

*Battered economy:
Syria's economy is in its worst state since the start of the conflict and economists say the challenge is to stop it deteriorating further. Many industrialists have fled to Turkey, Lebanon and Jordan.

In the past year alone, the Syrian pound has lost three quarters of its value while the cost of food and essential items has rocketed by more than 200%, according to the World Bank.

The COVID-19 pandemic has made an already dire situation worse, analysts say.

Syrians have suffered a dramatic reduction in purchasing power and rising levels of debt, leaving millions incapable of putting food on the table and meeting their basic needs.

*Poverty and worsening conditions:
Today, over 13 million Syrians require humanitarian and protection assistance and almost 90% of the population lives in poverty, according to UN and Western relief agencies.

UK based aid group World Vision International said this year a child's life expectancy in Syria has been reduced by 13 years.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.