Current Account in Lebanon

Lebanon Current Account | Economic News & Forecasts

Lebanon - Current Account

The economy is in a dire state, amid political instability, a financial crisis and acute shortages of fuel and other basic goods. While a surge in tourist arrivals in recent months has likely provided slight relief, the private-sector PMI was still entrenched in contractionary territory through September amid lower output and new orders. Moreover, the latest developments have been discouraging. In October, the country’s two main power plants closed temporarily due to a lack of fuel, while sectarian violence flared up in Beirut, leaving several people dead. In addition, Hezbollah has called for the removal of the judge charged with investigating the August 2020 port explosion, leading to the suspension of cabinet meetings. This is delaying badly needed reforms and the arrival of foreign aid, and has also weighed heavily on the parallel-market pound, which will fan hyperinflation ahead.

Lebanon - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-17.1  -20.4  -22.7  -23.6  -     

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Lebanon Current Account Chart

Lebanon Current Account
Note: Current account balance as % of GDP.
Source: IMF.

Lebanon Facts

Value Change Date
Exchange Rate1,5130.0 %Dec 31

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