Economic Digest

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

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Sara Hadchiti
Economic Digest
September 18, 2020

CAS: Lebanon’s Real GDP fell by 6.7% in 2019 and by 15% in Q4 2019

Lebanon’s Central Administration of Statistics (CAS) has recently switched from an annual system to a new quarterly system of national accounts. It stated that the “sources and methods used to compile ... read more

Sara Hadchiti
Economic Digest
September 17, 2020

Gross Public Debt Up Yearly by 9% to $93.74B in July 2020

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $93.74B in July 2020, thereby recording an annual 9% increase. The increase is mainly attributed ... read more

Sara Hadchiti
Economic Digest
September 16, 2020

Lebanon’s Fiscal Deficit Down by 8.08% YOY to $2.2B by June 2020

According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.2B by June 2020, down from last year’s $2.4B. In detail, the substantial deficit is attributed to ... read more

Sara Hadchiti
Economic Digest
September 15, 2020

Construction Permits Down Yearly by 37.08% to 4,371 by July 2020

The Corona virus outbreak and the economic situation in Lebanon have had wide ranging implications on construction companies at the time when the real estate sector was already struggling. According to the ... read more

Sara Hadchiti
Economic Digest
September 14, 2020

Beirut’s occupancy rate observed a yearly fall of 57% to reach 13% by June 2020 amid COVID-19 pandemic

Ernst & Young Middle East hotel benchmark survey informs that in H1 2020, hospitality markets in the MENA region witnessed a drop when compared to the same period last year as a result of challenges ... read more

Sara Hadchiti
Economic Digest
September 14, 2020

BLOM Bank Publishes its Financial Results for H1 2020

BLOM Bank published on 11/9/2020 its un-audited, consolidated financial results for H1 2020. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more

Sara Hadchiti
Economic Digest
September 10, 2020

Lebanon’s Balance of Payments Deficit at $5.53B by July 2020

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $5.53B by July 2020, compared to a deficit of $5.32B by July last year. Accordingly, Net foreign Assets (NFAs) of BDL ... read more

Sara Hadchiti
Economic Digest
September 9, 2020

Lebanese Commercial Banks’ Total Assets Down Year to Date by 8.63% to $198B in July 2020

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 8.63%, year-to-date (y-t-d), to stand at $198B in July 2020. In details, Resident customers’ deposits (which ... read more

Sara Hadchiti
Economic Digest
September 7, 2020

Number of Passengers in Beirut Airport Slumped by 72.24% by July 2020

Since the beginning of 2020, more and more countries across the globe shut down borders and limited domestic travel as a response to the coronavirus outbreak Thus, cancelling almost all flights to control ... read more

Sara Hadchiti
Economic Digest
September 4, 2020

Beirut Explosion Caused Up to US$4.6 Billion in Damages to Infrastructure and Physical Assets, According to New Assessment

To help guide the urgently needed global response, the World Bank Group (WBG), in cooperation with the United Nations (UN) and the European Union (EU) conducted a Rapid Damage and Needs Assessment (RDNA), ... read more

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Economic Digest