Unemployment in Lebanon

Lebanon Unemployment | Economic News & Forecasts

Lebanon - Unemployment

The economy remains sickly so far this year. The private-sector PMI was in contractionary territory in June amid falling output and new orders. In addition, the coincident indicator—which measures economic activity—was down year-on-year in April and May, while building permits and cement sales declined sharply in the same period, suggesting a depressed construction sector. However, recent external data is more positive; exports and passenger arrivals through Beirut airport rose in April and May. In politics, Parliament approved the 2019 budget in mid-July, which aims to cut the fiscal deficit and unlock USD 11 billion in donor funds. However, public opposition to austerity could hamper implementation, and the IMF also cast doubt in July on the extent to which the government will cut the deficit. Moreover, investor sentiment is likely to remain fragile.

Lebanon - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.4  6.3  6.2  6.3  6.1  

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Lebanon Unemployment Chart

Lebanon Unemployment
Note: Unemployment in % of active population.
Source: Statistical, Economic and Social Research and Training Centre for Islamic Countries.

Lebanon Facts

Exchange Rate1,5080.0 %Jul 31
Stock Market8280.37 %Jul 31

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