Current Account in Lebanon

Lebanon Current Account | Economic News & Forecasts

Lebanon - Current Account

The economy remains in a bad way, with the private-sector PMI falling in May on a sharper decline in new orders. Moreover, in Q1 the coincident indicator—which measures economic activity—was down year-on-year, while building permits and cement sales also plunged, boding poorly for the construction sector. A glimmer of positive data came on the external front; exports were up in annual terms in February and March, likely thanks to greater stability in Syria. In politics, the draft budget announced in May has yet to be approved by Parliament. The approval and full implementation of the budget’s austerity measures will be key to unlocking USD 11 billion of donor funds and rebuilding shattered investor confidence.

Lebanon - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-25.4  -24.0  -16.7  -20.5  -22.7  

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Lebanon Current Account Chart

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

Lebanon Facts

Exchange Rate1,5080.0 %Jul 11
Stock Market8550.37 %Jul 10

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