GDP in Lebanon
Lebanon - GDPThe economy continues to benefit from upbeat sentiment on the political front. Business operating conditions have improved in light of the formation of a new government, with the PMI recording the best reading in a year in January. The Central Bank’s economic coincident indicator, which is meant to emulate GDP growth in the absence of timely national account data, has outperformed its recent historical standards, growing 6.2% in annual terms in November. Nonetheless, the adoption of a new electoral law could prove a stumbling block for new elections due to be held in May. Although hopes were high that lawmakers would find a compromise between a proportional and majority parliamentary system, a recent refusal from some political forces could see the postponement of both the new law and the elections.
Lebanon - GDP Data
|Economic Growth (GDP, annual variation in %)||0.9||2.8||3.0||2.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Lebanon GDP Chart
Source: Central Administration of Statistics and FocusEconomics calculations.
|Exchange Rate||1,509||0.06 %||Feb 16|
|Stock Market||1,225||0.46 %||Feb 16|
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