The Syrian economy has achieved a noticeable development in the last few years, through a gradual reform process targeted to encourage private sector to play its role in economic and social development. These reforms try to create a suitable environment for foreign direct investment, through supporting market mechanisms, opening economy for international competitiveness, and financial system liberalization, that enhance investment climate and business environment. In 2005, an economic reform program was launched with the objective of transitioning into a capital market economy. GDP is $87 billion as of 2007.