Turkey, Jordan, Lebanon, Syria GDP to exceed $1 tln


The total economic size of Turkey, Jordan, Lebanon and Syria, which are planning to establish a common trade and visa area, is expected to exceed 1 trillion USD in 2010.

According to the purchasing power parity (PPP) data in International Monetary Fund’s (IMF) “World Economic Outlook” report for April 2010, Turkey’s gross domestic product (GDP) is expected to reach 932.2 billion USD, while Syria’s GDP will rise up to 105.2 billion USD, Lebanon’s GDP to 58.5 billion USD and Jordan’s figures to 35.2 billion USD in 2010.

In the light of such information, the four countries’ GDP according to PPP would reach 1.13 trillion USD, with Turkey’s share amounting to 82 percent of the total figure.

Moreover, Turkey is expected to become the 16th biggest economy in the world this year, as Syria will be ranked the 66th, Lebanon the 84th and Jordan the 98th in the listing, IMF’s report says.

According to PPP, Turkey’s national income per capita will reach 13,051 USD, as such figure will be around 5,043 USD in Syria, 14,988 USD in Lebanon and 5,758 USD in Jordan.

The total population of Turkey, Jordan, Lebanon and Syria is also expected to increase to 102 million in 2010, officials say.

Furthermore, Turkey is expected to grow by 5.2 percent, while growth rate of Syria is expected to reach 5 percent, Lebanon’s to 6 percent and Jordan’s to 4.1 percent this year, IMF estimates.

Turkey, Jordan, Lebanon and Syria are currently carrying out studies to set up a common trade area.

Officials from the four countries are expected to gather in Istanbul on Saturday to discuss the process.