Economic Digest

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

Lebanon’s Inflation Rate Hit a Record-high of 56.5% in May 2020

The Central Administration of Statistics (CAS) revealed that Lebanon’s monthly inflation rate surged from 11.4% and 17.5% in Feb. and March 2020, respectively, to reach 46.6% in April and a record-high of ... read more

BLOM Bank Calls for General Assemblies on July 15th 2020

BLOM Bank’s Board of Directors (BoD) convened on June 19th 2020 and decided to hold an ordinary general assembly meeting on Wednesday July 15th 2020 at 11.00 am and an extraordinary general assembly ... read more

Civic Protests and Coronavirus Measures Slashed the Number of Tourists by 48.3%YOY in Q1 2020

The Lebanese tourism sector, a leading growth driver, took the hit in Q1 2020 as the national protests ongoing since Q4 2019 were coupled with international travel bans following the outbreak of ... read more

Solidere Announced its Expected Sales in 2020 to Total $341.9M

Solidere issued a Press Release on June 18th 2020 in which it estimates that its non-audited expected sales will total $341.9M in 2020, based on the sales deals concluded and expected throughout the year. ... read more

Public Personnel Costs Climbed by 4.2%YOY to $1.22B during Jan-Feb 2020

Data released by the Ministry of Finance (MoF) revealed that personnel costs climbed by a yearly 4.2% to stand at $1.22B during Jan./Feb.2020. Personnel costs were mainly inflated as a result of the annual ... read more

Importers of New Cars Sound the Alarm: Car Sales Drop by 74%YOY in May 2020

The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report in which it explains that the industry is currently facing the “risk of closing companies of importers of ... read more

Foreign Assets at BDL Stood at $33.1B in mid-June 2020, Recording a Decline of 11.2% YTD

According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 6.6% since year-start, to reach $150.7B in mid-June 2020. The increase was mainly a result of the 26% annual ... read more

Lebanon’s Gross Public Debt Closed Q1 2020 at $92.42B, with $600M worth of Eurobonds Maturing this June

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $92.42B by March 2020, thereby recording an annual 7.2% uptick. The increase is mainly attributed ... read more

Revenues of Port of Beirut Almost Halved by May 2020 as Port Activity Dwindled

The latest statistics on activity at the Port of Beirut revealed an annual slump of 46.7% in the revenues of the Port of Beirut (PoB) to $45.8M by May 2020. In detail, Total container activity including ... read more

The Number of Passengers at Beirut Airport More than Halved by April 2020

Tourism activity in Lebanon continued its downward trend in the first four months of 2020. Tourists were discouraged from traveling to Lebanon since the eruption of October 2019 protests which raised the ... read more

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Economic Digest