Trade Balance in Lebanon
Lebanon - Trade Balance
The economy remained in a bad way at the tail end of last year, as reflected by the private-sector PMI, which remained entrenched in contractionary territory through December. Social unrest and acute shortages of basic goods held back activity, while Saudi Arabia’s blanket ban on Lebanese imports in October following a diplomatic spat dealt a further blow. Moreover, the pound continued to sink in the black market, which, together with the progressive withdrawal of government subsidies, spurred hyperinflation and crushed consumers’ purchasing power. A chink of positive news came from the tourism sector: Visitor arrivals were much higher through September in annual terms, lured by the weak currency. In politics, the lack of political unity and a credible reform program continues to delay vital IMF support.Lebanon - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -13.6 | -14.0 | -14.4 | -15.1 | - |
Lebanon Trade Balance Chart
Source: Central Bank of Lebanon
Lebanon Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,513 | 0.0 % | Dec 31 |
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Economic News
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Lebanon: Lebanon sinks deeper into the economic abyss as IMF talks stall
June 22, 2020
Economic conditions have deteriorated significantly in recent months amid spiraling inflation, the Covid-19 pandemic and sociopolitical instability, after the country defaulted on its debt for the first time ever in March.
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