Economic Digest

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

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Economic Digest
February 16, 2021

Lebanon’s Soaring Average Inflation Rate reached 84.27% for year 2020

Lebanon has overtaken Zimbabwe and took the second place in the ranking of the world’s highest inflation rates after Venezuela. According to the Central Administration of Statistics (CAS), the Consumer ... read more

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Economic Digest
February 15, 2021

The Bitter Reality of Lebanon’s Formal Private Sector 2020

For more than a year, Lebanon has been under a severe economic and financial crisis, followed by COVID-19 and the explosion of the Port of Beirut (PoB). According to ESCWA’s report, higher unemployment ... read more

New Privatization Report on Lebanon: Sale of Publicly Held Assets is Not a Silver Bullet Solution!

A new privatization Report, published in January 2021 by the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut and titled “Privatization of Lebanon’s ... read more

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Economic Digest
February 11, 2021

Total Value of Cleared Checks down by 5.53% to $53.82B by December 2020

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 9.93M checks by December 2019 to 5.85M checks by ... read more

Byblos Bank Publishes its Consolidated Financial Results for 2020

Byblos Bank released its unaudited consolidated financial results for end of 2020 this week. Byblos Bank recorded in 2020 a total of $ 61.07 million in net losses, which is mainly attributed to the ... read more

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Economic Digest
February 10, 2021

Transfers to EDL Dropped by an annual 37.1% to $631.39M by August 2020

According to the Ministry of Finance, transfers to EDL stood at $631.39M by August 2020, dropping by 37.1% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach ... read more

BLOM Bank SAL to Hold an Extraordinary General Assembly Meeting on February 22, 2021

The Board of Directors of BLOM Bank SAL (the Bank) conveyed on Monday, January 25,2021 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on ... read more

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Economic Digest
February 8, 2021

Total Number of Registered New Cars slumped by 71.63% to 6,606 in 2020

The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report which explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more

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Economic Digest
February 4, 2021

Revenues of Port of Beirut down by 44.37% to $110.63M by December 2020

The Port of Beirut is the main port in Lebanon on Beirut’s northern Mediterranean coast, and it was the largest and the busiest port on the eastern Mediterranean just before the massive explosion caused by ... read more

Number of Real Estate Transactions UP Yearly by 63.25% to 82,202 by December 2020

Statistics showed that Lebanon’s real estate sector is a stable investment opportunity even during the country’s worst economic crisis. The increase in real estate activity mainly reflects the continuous ... read more

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Economic Digest