Syria : feb quakes cause US$5bn in direct physical damages, equivalent to 10% of GDP

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      <subfield code="a">The 6 February earthquakes that hit Turkiye and Syria caused an estimated $5.1bn in direct physical damages in Syria, according to a World Bank Global Rapid Assessment report, says the World Bank. The current value of the damaged and destroyed capital stock is estimated at about 10% of GDP. The widespread damages impacted four governorates, where around 10m of Syria's population reside. Reflecting a significant degree of uncertainty around this preliminary assessment, estimates of the total direct damages using replacement costs range between $2.7bn and $7.9bn.</subfield>
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