The results of social market economy exercise in Syria have been arguably debated. Some took a firm stand in defending it, while others harshly criticized it. This research aims at providing an unbiased assessment of the social market economy exercise by reviewing some developmental indictors over the period 2005-2010. The outcomes of this research indicate that the failures outweighed the successes. Although, the social market economy exercise resulted in good rates of output growth, reduced the volume of the external debt, and increased the total foreign reserves. However, it failed in enhancing the structure of the Syrian economy, and in promoting a sustainable growth that is capable of matching the population rise. Also, it failed in creating a flexible labour market that provides jobs, and it failed in reducing poverty rates and improving purchasing power of the individuals.