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five-pointed stars in a horizontal line centered in the white band; similar to the flag of Yemen, which has a plain white band and of Iraq, which has three green stars (plus an Arabic inscription) in a horizontal line centered in the white band; also similar to the flag of Egypt, which has a symbolic eagle centered in the white band *Syria, Economy Overview: Syria's state-dominated Ba'thist economy has benefited from the Gulf war, increased oil production, good weather, and economic deregulation. Economic growth averaged nearly 12% annually in 1990-91, buoyed by increased oil production and improved agricultural performance. The Gulf war of early 1991 provided Syria an aid windfall of nearly $5 billion dollars from Arab, European, and Japanese donors. These inflows more than offset Damascus's war-related costs and will help Syria cover some of its debt arrears, restore suspended credit lines, and initiate selected military and civilian purchases. In 1992 the government spurred economic development by loosening controls on domestic and foreign investment while maintaining strict political controls. For the long run, Syria's economy is still saddled with a large number of poorly performing public sector firms and industrial and agricultural productivity is poor. A major long-term concern is the additional drain of upstream Euphrates water by Turkey when its vast dam and irrigation projects are completed by mid-decade. National product: GDP - exchange rate conversion - $30 billion (1991 est.) National product real growth rate: 9% (1991 est.) National product per capita: $2,300 (1991 est.) Inflation rate (consumer prices): 20% (1992 est.) Unemployment rate: 5.7% (1989) Budget: revenues $5.4 billion; expenditures $7.5 billion, including capital expenditures of $2.9 billion (1991 est.) Exports: $3.5 billion (f.o.b., 1992 est.) commodities: petroleum 45%, farm products 11%, textiles, phosphates 5% (1990) partners: USSR and Eastern Europe 44%, EC 34%, Arab countries 17%, US/Canada 1% (1990) Imports: $2.7 billion (f.o.b., 1992 est.) commodities: foodstuffs and beverages 21%, machinery 15%, metal and metal products 15%, textiles 7%, petroleum products (1990) partners: EC 42%, USSR and Eastern Europe 13%, other Europe 13%, US/Canada 11%, Arab countries 6% (1990) External debt: $5.3 billion (1990 est.) Industrial production: growth rate 6%
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