Economic Digest

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

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Tourist Spending Up by 11.53% in H1 2019

According to Global Blue’s Q1 2019 “Globe Shopper Spending” report for Lebanon, total tourist spending grew by 11.53% year-on-year (YOY) and the number of total refund transactions grew by 5.8% YOY. In H1 ... read more

Number of Tourists at 923,820, Increasing by 8.3% YoY in the First Half of 2019

The recently released Ministry of Tourism report revealed an increase in the number of tourists from 853,087 by June 2018 to 923,820 by June 2019. The composition of total tourists by June 2019 showed that ... read more

The Number of passengers increased by 2.56% YoY to reach 3.1 million by May 2019

Beirut-Rafik Hariri International Airport received an additional 78,221 travelers in the first 5 months of 2019 when compared to the same period last year, to reach 3.1 million passengers. The number of ... read more

Lebanon’s Gross Public Debt Grew by 5% YOY to reach $85.8B by April 2019

The Ministry of Finance (MoF) recently released updated figures of Lebanon’s debt, which revealed an annual uptick in gross public debt during the first four months of the year. Lebanon’s gross ... read more

Value of Cleared Checks Shrank by 16.3% y-o-y in H1 2019 to $27.5B

The latest figures released by the Association of Banks (ABL) revealed that the total value of cleared checks lost a yearly 16.3% to stand at $27.5B in the first six months of the year. By the same token, ... read more

Number of Total Registered New Cars Slumped by 24% y-o-y in H1 2019

According to the Association of Lebanese Car Importers (AIA), the number of new registered “commercial” and “passenger” cars lost an annual 24% to stand at 13,889 cars by June 2019. In fact, the number of ... read more

RAMCO: Average size of new apartments in Beirut down by 5% in 2018

According to the Real Estate Advisory Agency RAMCO, the average size of an apartment under construction in Beirut stood at 173 SQM in 2018, 5% lower than 2017’s average. Moreover, between 2013 and 2018, ... read more

Lebanon’s Fiscal Deficit Down to $72.83M by January 2019

Lebanon’s fiscal deficit (cash basis) narrowed from $378.91M in January 2018 to $72.83M in January 2019. This was attributed to a 16.09% yearly decrease in government expenditures to hit $1.10B, while the ... read more

Public Personnel Costs Up by 22.27% y-o-y to $5.37B by October 2018

According to Lebanon’s Ministry of Finance (MoF), personnel costs rose by an annual 22.27% to reach $5.37B by October 2018. In fact, the eminent growth in personnel costs was driven by the parliament’s ... read more

The Number of Real Estate Transactions Down by 20.08% y-o-y to 21,957 in H1 2019

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, dropped by a yearly 20.08% to ... read more

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