Economic Digest

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

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Lebanon’s Balance of Payments Deficit Stood at $10.2B by November 2020

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $10.2B by November 2020, compared to a deficit of $5.85B over the same period last year. Accordingly, Net foreign Assets ... read more

Lebanese Commercial Banks’ Total Assets Down Year to Date by 12.21% to $190.3B by November 2020

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 12.21%, year-to-date (y-t-d), to stand at $190.3B in November 2020. This decrease will likely continue for the ... read more

Sami Baff
Economic Digest
January 11, 2021

Public Personnel Costs Down by 2.3% y-o-y to $4.34B by August 2020

According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 2.26% to reach $4.34B by August 2020. This decline was driven by the 55.13% fall in “End of service indemnities”. ... read more

Revenues of Port of Beirut Down by 45.94% to $99.77M by November 2020

Three months after the Port of Beirut massive explosion, Beirut is still suffering from the lack of sufficient governmental organizations and logistical assistance. According to UNHCR’s Cash for Shelter ... read more

Sami Baff
Economic Digest
January 5, 2021

BDL Foreign Assets Down by 35.37% since the Start of the Year to $24.09B in December 2020

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 10.48% since year-start, to reach $148.64B by end of December 2020. The increase was mainly due to the 25% ... read more

Sami Baff
Economic Digest
January 4, 2021

Transfers to EDL Dropped by an annual 36.2% to $535.16M by July 2020

According to the Ministry of Finance, transfers to EDL stood at $535.16M by July 2020, dropping by 36.2% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach ... read more

BLOM Bank SAL to Hold an Extraordinary General Assembly Meeting on January 25, 2021

The Board of Directors of BLOM Bank SAL invites its shareholders to attend the Extraordinary General Assembly meeting to be held on Monday January 25, 2021 at 12 pm at the Bank’s Headquarters in Beirut, ... read more

Sami Baff
Economic Digest
December 30, 2020

Solidere Announced a Net Profit of $38.06M for H1 2020

The Lebanese financial crisis had some positive effects on the real estate sector. After 17 October 2019, Lebanese Banks were not able to meet clients’ withdrawals demands in foreign currency. While an ... read more

Sami Baff
Economic Digest
December 29, 2020

Lebanon’s Inflation Rate Increased by 133.5% in November 2020

According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more

Lebanon’s Trade Deficit Down by 58% YOY at $5.25B by September 2020

By September 2020, Lebanon’s trade deficit totaled $5.25B, narrowing from the $12.49B registered in the same period last year. In fact, total imported goods retreated by 48.52% year-on-year (YOY) to $7.88B ... read more

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Economic Digest