Economic Digest

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

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Beirut’s Hotel Occupancy Rate at Low of 24% by February 2021

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to 24% by February 2021, down from last year’s registered 38% during the same ... read more

Lebanon’s Trade Deficit Down by 50% YOY at $7.75B by December 2020

For the year 2020, Lebanon’s trade deficit totaled $7.75B, narrowing from the $15.50B registered by end of year 2019. In fact, total imported goods retreated by 41.2% year-on-years (YOY) to $11.31 in ... read more

Food and Medicine Crises Looming While subsidies might come to an End

The subsidy policy adopted over the past one and half years made the Central Bank’s reserves dwindling and pushed the Governor to announce the BDL’s intention to stop subsidizing basic commodities. In this ... read more

World Bank: Lebanon’s Current Crisis Places it in an Unenviable Historical Ranking

According to the latest World Bank Lebanon Economic Monitor Lebanon Sinking: To the Top 3, “the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... read more

Lebanon’s Fiscal Deficit Down by 45.50% YOY to $2.68B by November 2020

According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.68B by November 2020, down from last year’s $4.91B. In detail, the substantial deficit is attributed ... read more

Lebanon’s Hits 157.86% Inflation Rate by March 2021

According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more

Total Value of Cleared Checks down by 27.32% to $13.82B by April 2021

As per the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 2,196,076 checks by April 2020 to 1,256,080 checks by ... read more

Is it time to Say Goodbye to the New brand Cars in Lebanon?

While Lebanese workers seeing their salaries shrink due to the huge devaluation of the national currency, the car sector in Lebanon is taking its last breath with the huge reduction of car sales, as ... read more

BDL Foreign Assets continue its Contraction Reaching $21.43B by Mid-May 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.68% compared to last year, to reach $156.07B by mid-May 2021. The increase was mainly due to the 6.5% rise ... read more

Transfers to EDL Dropped by an annual 40.4% to $675.49M by September 2020

According to the Ministry of Finance, transfers to EDL stood at $675.49M by September 2020, dropping by 40.4% compared to the same period last year. This was mainly due to lower payments to KPC and ... read more

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Economic Digest