Economic Digest

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

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BDL Foreign Assets Down by 31.06% since the start of the year to $25.70B in Mid-October 2020

According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 9.49% since year-start, to reach $154.77B in Mid-October 2020. The increase was mainly due to the 25.76% rise ... read more

Number of Passengers in Beirut Airport Slumped by 74.46% by September 2020

The number of Beirut’s International airport passengers continued to fall down in the first 9 months of 2020 as it records 1.8 million (M) compared to 7M passengers during the same period last year. Total ... read more

Transfers to EDL Dropped by an Annual 23.71 % to $386.58 by April 2020

According to the Ministry of Finance, transfers to EDL stood at $386.58M by April 2020, declining by 23.71% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach ... read more

BDL Issues Circulars Related to Provisioning Banks and Financial Institutions Subsidized Trade Finance Transactions and to Withdrawals of USD Deposits

The Central Bank of Lebanon (BDL) issued a new Circular 573 on 9 October 2020; an amendment to the previously issued Circular 561 on 8 June 2020. Circular 561, aims to modify several trade conditions in ... read more

Total Number of Registered New Cars Plunged by 73.3% to 5,119 by August 2020

The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report in which it explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more

Gross Public Debt Up Yearly by 9.2% to $94.27B in August 2020

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $94.27B in August 2020, thereby recording an annual increase of 9.2%. The increase is mainly ... read more

Lebanon’s Trade Deficit Down by 59.6% YOY at $4.14B by July 2020

By July 2020, Lebanon’s trade deficit totaled $4.14B, narrowing from the $10.24B registered in the same period last year. In fact, total imported goods retreated by 50.3% year-on-year (YOY) to $6.13B by ... read more

Lebanese Commercial Banks’ Total Assets Down Year to Date by 9.72% to $195.71B in August 2020

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 9.72%, year-to-date (y-t-d), to stand at $195.7B in August 2020. In details, Resident customers’ deposits ... read more

Lebanon’s Balance of Payments Deficit at $7.50B by August 2020

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $7.50B by August 2020, compared to a deficit of $5.89B by August last year. Accordingly, Net foreign Assets (NFAs) of BDL ... read more

BDL Foreign Assets Down by 30.43% since the start of the year to 25.93B in September 2020

According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 8.47% since year-start, to reach $153.33B in September 2020. The increase was mainly due to the 24.29% rise in ... read more

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Economic Digest