According to the Central Bank of Lebanon, Lebanon’s Balance of Payments deficit widened from $1.41B in 2014 to $3.35B in 2015. This deterioration came about as the net foreign assets of the Central Bank dropped by $473.4M and as those of commercial banks declined by $2.89B. The worsening of Lebanon’s external position is the result of lower capital inflows following the unrest in neighboring Syria and local turmoil. In December, Lebanon’s Balance of Payments registered a deficit of $372.4M compared to a deficit of $115.5M in the same month last year.
Lebanon’s Balance of Payments: Historical Data, In $M
Source: Central Bank of Lebanon