Economic Digest

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

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Sara Hadchiti
Economic Digest
November 18, 2020

BDL Foreign Assets Down by 32.25% since the start of the year to 25.25B in mid-November 2020

According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 10.64% since year-start, to reach $156.39B in Mid-November 2020. The increase was mainly due to the 24.46% ... read more

Public Personnel Cost fell by 6.4% y-o-y to $3.58B by July 2020

According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased by an annual 6.4% to reach $3.58B by July 2020 compared to the same period last year. This decrease is due to reduction in “End ... read more

Sara Hadchiti
Economic Digest
November 16, 2020

Transfers to EDL Dropped by an annual 33.5% to $402.77M by May 2020

According to the Ministry of Finance, transfers to EDL stood at $402.77M by May 2020, dropping by 33.5% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach for ... read more

Lebanon’s Inflation Rate Hit a Second Record-high of 131% in September 2020

The Central Administration of Statistics (CAS) revealed that Lebanon’s monthly inflation rate surged from 11.4% and 17.5% in February and March 2020, respectively, to reach a dramatic surge in August and a ... read more

Total Tourist Spending In Lebanon Down by an Annual 73% by September 2020

According to Global Blue’s January to September 2020 “Globeshopper Spending” report for Lebanon, total tourist spending in Lebanon slumped by 73% by September 2020 compared to the same period in 2019. The ... read more

Sami Baff
Economic Digest
November 11, 2020

Beirut’s Hotel Occupancy Rate at Low of 13% by August 2020

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to an all-time low of 13% by August 2020, down from last year’s registered 72% ... read more

Sami Baff
Economic Digest
November 10, 2020

Lebanon’s Balance of Payments Deficit Stood at $9.61B by September 2020

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $9.61B by September 2020, compared to a deficit of $5.95B by September last year. Accordingly, Net foreign Assets (NFAs) ... read more

admin
Economic Digest
November 9, 2020

Lebanese Commercial Banks’ Total Assets Down Year to Date by 11.67% to $192B by September 2020

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 11.67%, year-to-date (y-t-d), to stand at $192B in September 2020.The decrease started by then will likely ... read more

Number of Real Estate Transactions UP Yearly by 49.13% to 55,108 by September 2020

Lebanese financial crisis had a positive effect on the real estate sector in Lebanon, which witnessed an expansion in 2020. Investors believe that the real estate sector in Lebanon is considered the safest ... read more

Lebanon’s Fiscal Deficit Down by 12.87% YOY to $2.09B by July 2020

According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.09B by July 2020, down from last year’s $2.41B. In detail, the substantial deficit is attributed to ... read more

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Economic Digest