Current Account in Lebanon

Lebanon Current Account | Economic News & Forecasts

Lebanon - Current Account

The economic panorama remains bleak. The private-sector PMI was deep in contractionary territory through March, while inflation has been running at over 200% so far this year. The Russia-Ukraine war has created extra pain by hitting the food supply: The vast majority of Lebanese wheat was imported from Ukraine before the war. In politics, the authorities recently secured a USD 3 billion support package from the IMF. However, this falls short of the funding needed to stabilize the economy, and the money will only begin to flow following eight key reforms, including banking sector changes and the passage of the 2022 budget. This is not expected in the near term, as parliamentary elections will be held on 15 May. While new political groupings should gain ground, the upshot is still likely to be a fragmented parliament and a lengthy government formation process, delaying reform approval.

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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