Economic Digest

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

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The Number of Airport Passengers Down by a yearly 60.47% in January 2021

The first month of 2021 was particularly challenging for Lebanon, both externally and internally, given the spread of Covid19 and that last year ushered in an open-ended eruption of social rioting across ... read more

BDL Foreign Assets Down by 36.04% to reach $22.89B end of February 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.52% compared to last year, to reach $151.01B by end of February 2021. The increase was mainly due to the ... read more

Number of Real Estate Transactions Down Yearly by 68.25% to 1,482 by January 2021

Lebanon’s real estate sector remains a stable investment even during the country’s worst socio-economic and financial crisis. However, the spread of Corona virus weigh heavy on Lebanon and remains a ... read more

Beirut’s Hotel Occupancy Rate at Low of 18% by December 2020

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to 18% by December 2020, down from last year’s registered 68% during the same ... read more

BLOM Bank Publishes Its Financial Results For Year 2020

BLOM Bank published on 1/3/2021 its un-audited, consolidated financial results for year 2020. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more

admin
Economic Digest
February 25, 2021

Lebanon’s Balance of Payments Deficit Stood at $10.55B by December 2020

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $10.55B by December 2020, compared to a deficit of $5.85B over the same period last year. Accordingly, Net foreign Assets ... read more

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Economic Digest
February 24, 2021

Lebanese Commercial Banks’ Total Assets Down Year to Date by 13.26% to $188.04B by December 2020

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 13.26%, year-to-date (y-t-d), to stand at $188.04B in December 2020. The resources of the Lebanese banks are ... read more

Sami Baff
Economic Digest
February 24, 2021

World Bank approves $246 million Loan; BDL issues Intermediate Circular 579

We are barely surviving, people in Lebanon are growing more desperate day by day. The terrifying economic situation is posing the biggest threat to the country’s stability with triple digit inflation and a ... read more

admin
Economic Digest
February 23, 2021

Number of Passengers in Beirut Airport Slumped by 70.71% in 2020

Beirut-Rafik Hariri International Airport, like other airports around the world, experienced a significant decrease in passengers in 2020 largely due to the Covid19 pandemic. The number of Beirut’s ... read more

admin
Economic Digest
February 18, 2021

BDL Foreign Assets Down by 36.87% to reach $23.14B mid of February 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.58% compared to last year, to reach $150.53B by mid of February 2021. The increase was mainly due to the ... read more

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Economic Digest