Economic Digest

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

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Beirut’s Hotel Occupancy Rate reached a high of 44.6% by August 2021

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 44.6 percentage point (pp) by August 2021, up from last year’s registered ... read more

The Number of Airport Passengers Up by a yearly 69.84% in December 2021

The activity at Rafic Hariri International Airport improved in the first 12 months of the year despite a rough summer and holiday’s season and shy tourism during this period. Consequently, the number of ... read more

Sami Baff
Economic Digest
January 18, 2022

IMF and Lebanon: A Critical Report by Lebanon Opportunities

This is a summary of the report published by Lebanon Opportunities (IMF’s Crystal Ball: A Report by Lebanon Opportunities (Jan 2022)). It evaluates the Article IV Consultation reports about Lebanon ... read more

Total Value of Cleared Checks down by 31.5% to $33.6B by November 2021

According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 5,382,841 checks by November 2020 to 2,948,730 ... read more

BDL’s Foreign Assets Down by a Yearly 25.99% to reach $17.83B by End of December 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 9.79% compared to last year, to reach $163.19B by end of December 2021. The increase was mainly due to the ... read more

Aline Azzi
Economic Digest
January 12, 2022

Lebanese Commercial Banks’ Total Assets Down Year to Date by 6.62% to $175.59B by November 2021

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 6.62%, year-to-date (y-t-d), and stood at $175.59B in November 2021, according to Lebanon’s consolidated ... read more

Sami Baff
Economic Digest
January 11, 2022

Lebanon’s Balance of Payments in a monthly Surplus in November 2021

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,576 M by November 2021, compared to a deficit of $10,203M over the same period last year. Accordingly, Net foreign ... read more

Aline Azzi
Economic Digest
January 10, 2022

Revenues of Port of Beirut decreased by 15.03% to $6.40M by October 2021

The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. Accordingly, ... read more

Aline Azzi
Economic Digest
January 5, 2022

Public Personnel Costs dropped by 8.9% y-o-y to $2.97B by June 2021

According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually by 8.9% to reach $2.97B at the official rate 1507.5. The decrease in public salaries was driven by the large drop in the ... read more

Aline Azzi
Economic Digest
January 3, 2022

Construction Permits Up Yearly by 58.10% to 13,347 by October 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 58.10% to reach 13,347 permits by October ... read more

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Economic Digest