Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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Revenues of Port of Beirut down by 4.63% to $7.66M by May 2021

The latest statistics on activity at the Port of Beirut show an annual slump of 4.63% in the revenues of the Port of Beirut (PoB) to $7.66M by May 2021, compared to last year’s $8.03M. It is interesting to ... read more

Lebanon’s Trade Deficit at $1.56B in February 2021, Up by 9.3%YOY

For the second month of year 2021, Lebanon’s trade deficit totaled $1.56B, going from the $1.42B registered in the same period last year. In fact, total imported goods retreated only by 7.4% year-on-year ... read more

“Cashless” Bank Indicators are on the Decline in Lebanon

As the country’s economic and financial crises has deepened, we are heading intensely towards a cash society in all shapes. In fact, paying by cash is likely becoming the only accepted payment method by ... read more

Foreign Reserves On Constant Depletion Reaching an Alarming $20.27B by Mid of July 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.23% compared to last year, to reach $158.18B by mid of July 2021. The increase was mainly due to the 40.72% ... read more

The Number of Airport Passengers at 1.44M by June 2021: Up by 15.54%YOY

Beirut’s International Airport welcomed 1.44million (M) passengers in the first 6 months of 2021 compared to 1.25M passengers during the same period last year. The breakdown of the airport’s statistics ... read more

Transfers to EDL Dropped by an annual 41.1% to $810.52M by November 2020

According to the Ministry of Finance, transfers to EDL stood at $810.52M by November 2020, dropping by 41.1% compared to the same period last year. This was mainly a result of lower payments to KPC and ... read more

Construction Permits Up Yearly by 177.68% to 4,218 by April 2021

According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) remarkable increase of 177.68% to reach 4,218 permits by April 2021. ... read more

Passengers Cars Register a 49.07% Y-o-Y Downtick Over the First half of Year 2021

The fuel shortage continues amid higher prices per tank, where Lebanese drivers and civilians have been lining their cars for hours in front of the fuel station over the past month. The shortage has added ... read more

Lebanon’s Balance of Payments Deficit Stood at $1.57B by May 2021

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,573.9M by May 2021, compared to a deficit of $2,190.5M over the same period last year. Accordingly, Net foreign Assets ... read more

Lebanese Commercial Banks’ Total Assets Down Year to Date by 2.49% to $183.35B by May 2021

Lebanese Commercial banks, BDL and the Lebanese government incurred high losses as a result of the financial crisis, and will continue to suffer as long as the Lebanese Lira currency is unpegged. In ... read more

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Economic Digest