Syria Syria Background Following the breakup of the Ottoman Empire during World War I, Syria was administered by the French until independence in 1946. In the 1967 Arab-Israeli War, Syria lost the Golan Heights to Israel. Since 1976, Syrian troops have been stationed in Lebanon, ostensibly in a peacekeeping capacity. In recent years, Syria and Israel have held occasional peace talks over the return of the Golan Heights. Syria Economy Syria's predominantly statist economy has been growing, on average, more slowly than its 2.4% annual population growth rate, causing a persistent decline in per capita GDP. Recent legislation allows private banks to operate in Syria, although a private banking sector will take years and further government cooperation to develop. External factors such as the international war on terrorism, the Israeli-Palestinian conflict, and the war between the US-led coalition and Iraq probably will drive real annual GDP growth levels back below their 3.5% spike in 2002. A long-run economic constraint is the pressure on water supplies caused by rapid population growth, industrial expansion, and increased water pollution. Syria Location Middle East, bordering the Mediterranean Sea, between Lebanon and Turkey Syria Flag three equal horizontal bands of red (top), white, and black, with two small green 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 heraldic eagle centered in the white band
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