Lebanon Economic Forecast

Lebanon Economic Outlook

February 11, 2020

The economic panorama remains dismal, as the country grapples with heightened social instability, a dollar crunch and spiking inflation. Economic activity shrank sharply in Q4 according to the Central Bank’s Coincident Indicator, while cement deliveries, construction permits and private-sector credit also declined. The poor performance continued in early 2020, with the private-sector PMI deep in contractionary territory in January. Recent political developments provide a glimmer of optimism however: A new cabinet was finally instated in January with Hassan Diab named as prime minister; Parliament swiftly approved a contractionary 2020 budget; and, in February, the cabinet approved a financial rescue plan. However, panelists are skeptical that the 7% fiscal deficit target in the budget will be met, while the risk of a debt default remains elevated.

Lebanon Economic Growth

The economy will likely perform tepidly this year, held back by weak business confidence, tight financial conditions and social instability. Further unrest, huge twin deficits, high public debt and the consequent possibility of a debt default and/or currency devaluation pose downside risks to the outlook. Our panelists see the economy growing 0.2% in 2020, which is down 0.2 percentage points from last month’s forecast, and 1.8% in 2021.

Lebanon Economy Data

2014 2015 2016 2017 2018
Population (million)
GDP per capita (USD)8,6208,5418,5308,7799,294
GDP (USD bn)48.350.051.253.456.6
Economic Growth (GDP, annual variation in %)
Unemployment Rate6.
Fiscal Balance (% of GDP)-6.4-7.9-9.6-7.0-11.0
Public Debt (% of GDP)138141146149151
Inflation Rate (CPI, annual variation in %, eop)-0.7-
Inflation Rate (CPI, annual variation in %)1.9-3.8-
Exchange Rate (vs USD)1,5101,5081,5081,5101,512
Current Account (% of GDP)-24.0-16.7-20.5-22.7-22.0
Trade Balance (USD billion)-15.0-13.3-14.0-14.4-15.1
Exports (USD billion)
Imports (USD billion)19.617.317.918.419.0
Exports (annual variation in %)-12.1-12.5-1.22.5-4.8
Imports (annual variation in %)-4.5-
International Reserves (USD)39.538.843.343.540.6
External Debt (% of GDP)133135137138-  

Sample Report

5 years of Lebanon economic forecasts for more than 30 economic indicators.


Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Lebanon Facts

Value Change Date
Exchange Rate1,5130.0 %Dec 31

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form