The economy of violence flourished in Syria during 2014 as battles intensified, with reallocation of resources and capital to the machinery of war. This was accompanied with the expansion of black markets, the erosion of sovereignty and rule of law, increasing dependence upon external support, deepening economic exposure and loss of economic security. The people of Syria are now forced to live under a terrible state of exception, estrangement and alienation with a massive social, political and economic chasm dividing them from those involved in the institutions of violence. The Syrian Centre for Policy Research (SCPR) aims of this report to estimate, document and analyze the catastrophic socioeconomic impact of the ongoing armed-conflict. It uses recent quantitative and qualitative methods to evaluate the impact of the crisis in its economic, social, and institutional aspects.