Economic Digest

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

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Economic Digest
March 13, 2015

“Salaries, Wages and Related Benefits” Reached $1.92B by August 2014

According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly includes the cost of basic salaries, allowances and indemnities, increased by 2.35% in the two thirds of ... read more

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Economic Digest
March 13, 2015

Number of Registered Cars Dropped 7.86% by February

According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 2 months of 2015 dropped 7.86% year-on-year (y-o-y) to 4,889 cars. This ... read more

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Economic Digest
March 12, 2015

Kafalat Guarantees Shrank to $10.48M by February

The slowdown in economic activity is taking its toll on new projects as witnessed by the number of guarantees given by Kafalat in the first 2 months of 2015. Kafalat issued 86 guarantees worth $10.48M, ... read more

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Economic Digest
March 11, 2015

Lebanon’s Commercial Banks’ Assets Slightly Grew in January to $175.74B

The consolidated balance sheet of Lebanon’s commercial banks revealed a 0.02% progress month on month (m-o-m) in assets to $175.74B in January 2015, which translates to a 6.88% year-on-year (y-o-y) growth. ... read more

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Economic Digest
March 10, 2015

Balance of Payments Deficit Widened to $1.41B in 2014

Lebanon’s Balance of Payments (BoP) displayed a $1.41B deficit compared to a smaller deficit of $1.13B in 2013, despite the improvement in the current account, BOP’s largest constituent. Hence, the higher ... read more

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Economic Digest
March 9, 2015

Fiscal Deficit Narrowed to $3.02B by November 2014

Fiscal deficit for the first 11 months of 2014 showed a 24.06% year-on-year (y-o-y) contraction to $3.02B, on the back of 10.39% higher revenues and 0.58% lower expenditures. On the revenue side, tax ... read more

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Economic Digest
March 6, 2015

Standard Chartered Bank to Become ”Cedrus Invest”

The Central Bank of Lebanon has approved for Standard Chartered Bank to change its name to “Cedrus Bank S.A.L” and that as of 02/03/2015. This modification is a result of Cedrus Invest Bank acquiring ... read more

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Economic Digest
March 6, 2015

Value of Industrial Exports Down to $3.15B in 2014

According to the Ministry of Industry, the value of Lebanese industrial exports amounted to $3.15B in 2014, down from 2013’s $3.38B and 2012’s $3.57B. On the other hand, the value of imports of machinery ... read more

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Economic Digest
March 6, 2015

Eurobonds Market Saw Subdued Demand This Week

After the issuance of new Eurobonds maturing in 2025 and 2030 last week, demand for Eurobonds was quite subdued this week. Accordingly, the BLOM Bond Index (BBI) slipped by a weekly 0.14% to 106.85 points. ... read more

Gross Public Debt Up by 4.8% y-o-y in December 2014

According to data released by the Association of Lebanese Banks, Lebanon’s gross public debt registered a 4.8% yearly growth rate to reach $66.56B in 2014 compared to a double-digit growth rate of 10.1% in ... read more

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Economic Digest