A massive earthquake and aftershocks in February caused an estimated $5.1 billion in direct physical damage in Syria, said the World Bank on Friday.
The earthquake that struck on February 6 hit Turkey and Syria, devastating scores of cities and killing more than 50,000 people in both countries."The current value of the damaged and destroyed capital stock is estimated at about 10 percent of GDP," said the World Bank in its latest estimate.
The development lender added that its report does not cover broader economic impacts and losses for Syria, such as production or business interruption. A subsequent earthquake on February 20 caused added damage, and continued aftershocks are likely to add to damage estimates over time, said the World Bank.
"These losses compound years of destruction, suffering and hardship the people of Syria have been enduring," said Jean-Christophe Carret, World Bank country director for the Middle East department.
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