Unemployment in Lebanon

Lebanon Unemployment | Economic News & Forecasts

Lebanon - Unemployment

The economy remained deeply depressed in Q3, hit by a combination of the currency crisis, Covid-19, and heightened political and social instability. The downturn was accentuated by the Beirut port explosion on 4 August, which caused billions of dollars of damage and left hundreds of thousands of people temporarily homeless. The private sector PMI was mired in contractionary territory throughout the quarter, amid declines in output and new orders. Turning to Q4, prospects appear bleak, as fresh Covid-19 restrictions were implemented in mid-October, including local lockdowns and the nationwide closure of bars and nightclubs. In politics, former PM Saad Hariri was recently tasked with forming a government, and has pledged to form a technocratic cabinet to implement the structural reforms necessary to secure vital international funding.

Lebanon - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.2  6.3  6.1  6.2  6.2  

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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

Value Change Date
Exchange Rate1,5130.0 %Dec 31

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