Economic Digest

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

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Sami Baff
Economic Digest
September 8, 2021

The Fluctuation of Lebanese Lira Against the US Dollar In the Parallel Market

The Lebanese lira in Lebanon was stable for decades. The famous rate 1507.5 LBP/USD has come to an end after the massive financial crisis that started in October 2019. To be specific the black market rate ... read more

Aline Azzi
Economic Digest
September 8, 2021

BDL’s Foreign Assets Down by a Yearly 31.24% to reach $19.57B by End of August 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.43% compared to last year, to reach $159.75B by end of August 2021. The increase was mainly due to the ... read more

Aline Azzi
Economic Digest
September 6, 2021

Lebanon Ranked 12th Worldwide in Remittances Received per GDP

As Lebanon’s financial crisis deepened, the Lebanese became increasingly dependent on the financial support from family members abroad. In turn, the country became one of the top remittance recipient ... read more

Beirut’s Hotel Occupancy Rate reached 33% by May 2021, Considered the Third Lowest Among Middle Eastern Capitals

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 33% by May 2021, up from last year’s registered 19% during the same period. On ... read more

Sami Baff
Economic Digest
September 1, 2021

Total Number of Registered New Cars slumped by 47.60% in July2021

The Association of Car Importers in Lebanon (denoted as AIA) recently stated in its automotive report that “As a result of the dramatic Beirut Port Explosion on 4/8/2020 and due to the Covid-19 lockdown, ... read more

Aline Azzi
Economic Digest
August 31, 2021

Total Value of Cleared Checks down by 25.84% to $23.90B by July 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 3,576,291 checks by July 2020 to 2,158,475 checks by ... read more

Real Estate Transactions Up Yearly by 44.30% by June 2021

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went up by a yearly 44.30% to ... read more

Lebanon’s Trade Deficit at $2.63B in March 2021, Up by 30.2% YOY

As of March 2021, Lebanon’s trade deficit totaled $2.63B, going from the $2.02B registered in the same period last year. In fact, total imported goods retreated only by 18.9% year-on-year (YOY) to $3.33B; ... read more

Sami Baff
Economic Digest
August 26, 2021

BDL Foreign Assets decreased by 35% by Mid-August 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 2.75% compared to last year, to reach $158.4B by mid-August 2021. The increase was mainly due to the 40.05% ... read more

Aline Azzi
Economic Digest
August 25, 2021

Fitch Affirms Lebanon’s Long-Term Foreign-Currency IDR at Restricted Default

On August 18, 2021, Fitch Ratings has affirmed Lebanon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “Restricted Default” (RD) and Long-Term Local-Currency IDR at “CC”. The main key rating ... read more

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Economic Digest