Current Account in Lebanon

Lebanon Current Account | Economic News & Forecasts

Lebanon - Current Account

The economy remained deeply depressed in Q3, hit by a combination of the currency crisis, Covid-19, and heightened political and social instability. The downturn was accentuated by the Beirut port explosion on 4 August, which caused billions of dollars of damage and left hundreds of thousands of people temporarily homeless. The private sector PMI was mired in contractionary territory throughout the quarter, amid declines in output and new orders. Turning to Q4, prospects appear bleak, as fresh Covid-19 restrictions were implemented in mid-October, including local lockdowns and the nationwide closure of bars and nightclubs. In politics, former PM Saad Hariri was recently tasked with forming a government, and has pledged to form a technocratic cabinet to implement the structural reforms necessary to secure vital international funding.

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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