Current Account in Lebanon
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 |
Lebanon Current Account Chart
Source: IMF.
Lebanon Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,508 | 0.0 % | Jul 11 |
| Stock Market | 855 | 0.37 % | Jul 10 |
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