In a study conducted for Egypt, Jordan, Lebanon, Syria, Iraq and Turkey on the economic impact of the war in Syria and the rise of IS, the World Bank said the two crises cost these countries US$35 billion until mid-2014.
The study said Syria and Iraq bore the bulk of the cost, as the average per capita spending rate in each of the two countries fell by 25 percent, while the per capita income in Lebanon fell by 11 percent and in Egypt, Jordan and Turkey by 1.5 percent.
According to the study, Lebanon has the highest percentage of refugees compared to the total population, while Turkey and Egypt recorded the lowest rate.
The war led to a severe decline in production in various sectors in Syria as employees fled the country, while Jordan and Lebanon had an expansion in services and goods as a result of the influx of refugees.
The study said the impact on production in Egypt and Turkey was minimal.
Edited translation from Al-Masry Al-Youm
