Trade Balance in Lebanon

Lebanon Trade Balance | Economic News & Forecasts

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  -     

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Lebanon Trade Balance Chart

Lebanon Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bank of Lebanon

Lebanon Facts

Value Change Date
Exchange Rate1,5130.0 %Dec 31

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