Current Account in Lebanon

Lebanon Current Account | Economic News & Forecasts

Lebanon - Current Account

Economic conditions remain challenging. During the first four months of 2022, the private-sector PMI was in contractionary territory—while remaining higher than the average reading for 2021—and inflation averaged over 200%. Moreover, the war in Ukraine is hitting an already strained food supply, as the vast majority of wheat imported into Lebanon before the war came from Ukraine. The recent approval of a USD 150 million World Bank loan will only go part way to ensuring short-term food security. Meanwhile, general elections were held in mid-May. Hezbollah and its allies lost their parliamentary majority, with over a dozen anti-establishment candidates elected and the Lebanese Forces emerging as the largest party. A fractured parliament and the confessional power-sharing arrangement mean that the appointment of a new prime minister and president will take time, delaying the arrival of IMF support.

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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