Palmyra's economy before and at the beginning of the Roman period was based on agriculture, pastoralism, and trade; the city served as a rest station for the caravans which sporadically crossed the desert.
By the end of the first century BC, the city had a mixed economy based on agriculture, pastoralism, taxation, and, most importantly, the caravan trade.
Taxation was an important source of revenue for the Palmyrene government.
Caravaneers paid taxes in the building known as the Tariff Court, where a tax law dating to AD 137 was exhibited.
The law regulated the tariffs paid by the merchants for goods sold at the internal market or exported from the city.

The classicist Andrew M. Smith II suggested that most land in Palmyra was owned by the city, which collected grazing taxes.
The oasis had about 1,000 hectares (2,500 acres) of irrigable land, which surrounded the city.
The Palmyrenes constructed an extensive irrigation system in the northern mountains that consisted of reservoirs and channels to capture and store the occasional rainfall.
The most notable irrigation work is Harbaqa Dam which was constructed in the late first century AD; it is located 48 km (30 mi) southwest of the city and can collect 140,000 cubic metres (4,900,000 cu ft) of water.
Terebinth trees in the hinterland were an important source of charcoal, resin and oil; although evidence is lacking, it is possible that olive trees were also planted, and dairy products were produced in the villages; it is also apparent that barley was cultivated.
However, agriculture could not support the population and food was imported.

After Palmyra's destruction in 273, it became a market for villagers and nomads from the surrounding area.
The city regained some of its prosperity during the Umayyad era, indicated by the discovery of a large Umayyad souq in the colonnaded street.
Palmyra was a minor trading center until its destruction in 1400; according to Sharaf ad-Din Ali Yazdi, Timur's men took 200,000 sheep, and the city was reduced into a settlement on the desert border whose inhabitants herded and cultivated small plots for vegetables and corn.
Palmyra's economy before and at the beginning of the Roman period was based on agriculture, pastoralism, and trade; the city served as a rest station for the caravans which sporadically crossed the desert. By the end of the first century BC, the city had a mixed economy based on agriculture, pastoralism, taxation, and, most importantly, the caravan trade. Taxation was an important source of revenue for the Palmyrene government. Caravaneers paid taxes in the building known as the Tariff Court, where a tax law dating to AD 137 was exhibited. The law regulated the tariffs paid by the merchants for goods sold at the internal market or exported from the city.
The classicist Andrew M. Smith II suggested that most land in Palmyra was owned by the city, which collected grazing taxes. The oasis had about 1,000 hectares (2,500 acres) of irrigable land, which surrounded the city. The Palmyrenes constructed an extensive irrigation system in the northern mountains that consisted of reservoirs and channels to capture and store the occasional rainfall. The most notable irrigation work is Harbaqa Dam which was constructed in the late first century AD; it is located 48 km (30 mi) southwest of the city and can collect 140,000 cubic metres (4,900,000 cu ft) of water. Terebinth trees in the hinterland were an important source of charcoal, resin and oil; although evidence is lacking, it is possible that olive trees were also planted, and dairy products were produced in the villages; it is also apparent that barley was cultivated. However, agriculture could not support the population and food was imported.
After Palmyra's destruction in 273, it became a market for villagers and nomads from the surrounding area. The city regained some of its prosperity during the Umayyad era, indicated by the discovery of a large Umayyad souq in the colonnaded street. Palmyra was a minor trading center until its destruction in 1400; according to Sharaf ad-Din Ali Yazdi, Timur's men took 200,000 sheep, and the city was reduced into a settlement on the desert border whose inhabitants herded and cultivated small plots for vegetables and corn.
Palmyra