Current Account in Lebanon
Lebanon - Current Account
As anxiety spikes over Lebanon’s economic and financial situation, both Moody’s and Fitch Ratings downgraded the country’s outlook to negative in December. Recent data remains underwhelming amid prolonged political impasse. Seven months after the general elections, cabinet posts remain unfilled and a swift resolution to the stalemate is necessary to kickstart the economy and unlock donor funds, especially pertinent given the high public debt and large twin deficits. In the third quarter, construction permits and cement deliveries decreased sharply, while the trade deficit widened and the money supply continued to contract noticeably. Moreover, although the trade deficit narrowed year-on-year in October, construction permits and cement deliveries dropped and the money supply fell yet again in the same month.Lebanon - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -26.7 | -28.1 | -19.6 | -23.3 | - |
Lebanon Current Account Chart
Source: IMF.
Lebanon Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,509 | 0.0 % | Jan 16 |
| Stock Market | 963 | 0.37 % | Jan 16 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
© Copyright: 2019 | Lebanon Current Account | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
