GDP in Lebanon

Lebanon GDP | Economic News & Forecasts

Lebanon - GDP

Good news is on the horizon for the battered economy, as the state budget is expected to be approved in July. The country will have its first budget since 2005 thanks to the parliament approving and ratifying a new electoral law on 16 June based on proportional representation to replace the old winner-takes-all system. The approval averted a new political crisis and paved the way for the country to hold the first election in nine years in May 2018. Attention will also now shift to approving and ratifying the new proposed salary scale for the public sector. Even though the proposal incorporates a salary hike, it has been met with negative backlash and protests as the increase in salaries is to be funded through extra taxation.

Lebanon - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)0.9  2.8  3.0  1.8  1.5  

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Lebanon GDP Chart

Lebanon GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Administration of Statistics and FocusEconomics calculations.

Lebanon Facts

Exchange Rate1,5090.0 %Jul 18
Stock Market1,158-0.21 %Jul 18

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