GDP in Lebanon
Lebanon - GDPAs 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 - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||2.0||0.8||1.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Lebanon GDP Chart
Source: Central Administration of Statistics and FocusEconomics calculations.
|Exchange Rate||1,508||0.0 %||Jan 30|
|Stock Market||949||0.37 %||Jan 30|
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