Lebanon has a strong tradition of laissez-faire, with the country's constitution stating that "the economic system is free and ensures private initiative and the right to private property". The major economic sectors include metal products, banking, agriculture, chemicals, and …

Dec 21, 2023 · With the onset of the current conflict and in the absence of broader economic stabilization, Lebanon’s economy is now projected to be back in recession in 2023. Macroeconomic imbalances also persist, as the current account remains in sizeable deficit of 12.8 percent of GDP.

2 days ago · Despite Lebanon’s uneasy economic recovery, its economy remained resilient in the face of the 2008 global economic recession. Increased domestic security contributed to investment and growth, while its small export base insulated …

Dec 10, 2024 · Lebanon's real GDP growth has been cut by an estimated 6.6% in 2024 as a result of the conflict, bringing the cumulative decline in real GDP since 2019 to more than 38% by the end of the year, according to the latest World Bank …

The Spring 2021 Lebanon Economic Monitor found that Lebanon’s economic and financial crisis ranks among the worst economic crises globally since the mid-nineteenth century. Nominal GDP plummeted from close to US$52 billion in 2019 to an estimated US$23.1 billion in 2021.

37.2 percent of GDP (2018–2021), real GDP is estimated to have declined by 2.6 percent in 2022. The BLOM-PMI index, which captures private sector activity, slightly improved to 48.4 in 2022, up from an average of 46 percent in 2021 but nonetheless still …

Jun 12, 2024 · As of March 2024, the Lebanese pound (LBP) has lost more than 98 percent of its value since 2019, and inflation reached an estimated 171.2 percent in 2022. Since October 2019, Lebanon’s financial sector has imposed ad hoc capital controls, limiting withdrawals from pre-October 2019 bank accounts.

Dec 10, 2024 · The LEM finds that Lebanon key economic indicators—including GDP growth, inflation, fiscal balance, and trade deficits—are increasingly skewed toward the downside.

Data ranges from -21.4 to 49.45. Data Source: World Development Indicators | Download Dataset. For Regional and Income Group breakdowns, visit: World Bank Country and Lending Groups. Explore Lebanon economic data on Prosperity Data360.

Jan 14, 2025 · RIYADH: Lebanon’s economy is expected to start recovering this year following a 10 percent contraction in 2024, as the country returns to fully functioning institutions, according to Moody’s.