Current Account in Lebanon
Lebanon - Current Account
The economy likely endured a rocky H1. The coincident indicator, which measures economic activity, was down year-on-year in the period. Moreover, building permits and cement sales also fell heavily, suggesting a depressed construction sector. That said, the tourism sector provided support, as visitor arrivals rose sharply in the first half of the year. Turning to H2, early signs are mildly more encouraging: The private-sector PMI reached an over two-year high in July, while the approval of the 2019 budget in the same month should be supporting business confidence. Furthermore, the cabinet met in August for the first time since June, boding well for political stability. However, the fiscal position is precarious, which was underlined in August when Fitch downgraded Lebanon’s credit rating, citing “increasing risks to the government’s debt servicing capacity”.Lebanon - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -25.4 | -24.0 | -16.7 | -20.5 | -22.7 |
Lebanon Current Account Chart
Source: IMF.
Lebanon Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,509 | 0.0 % | Sep 04 |
| Stock Market | 794 | 0.37 % | Sep 04 |
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