Economic Digest

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

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Beirut’s Hotel Occupancy Rate reached 48.7% by December 2022

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 48.7% percentage points (pp) by December 2022, up from last year’s percentage ... read more

Transfers to EDL Dropped by an annual 34.9% to $527.26M by November 2021

According to the Ministry of Finance, transfers to Electricite du Liban (EDL) stood at $527.26M by November 2021, dropping by 34.9% compared to the same period last year. This was mainly a result of lower ... read more

Gross Public Debt Up Yearly by 2.1% to reach $101.95B in October 2022

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.95B in October 2022, thereby recording an annual increase of 2.1% YOY. The rise is mainly ... read more

Aline Azzi
Economic Digest
February 20, 2023

BDL’s Currency in Ciruclation dropped by 82.10% YOY by mid- February 2023 Once Calculated at 15,000 LBP/USD

Banque du Liban (BDL) disclosed its biweekly interim balance sheet on February 15, 2023, painting the shift from the old official rate of 1,507.5 LBP/USD to the new official rate of 15,000 LBP/USD. Two ... read more

Aline Azzi
Economic Digest
February 16, 2023

Lebanese Balance of Payments Components: H1 2021 vs H1 2022

Million USD H1 2021 H1 2022 Current Account1: (2182) (3027.8) Trade in Goods (4368.9) (6229.9) Trade in Services 397.6 947.8 Labor remittances 2231.3 2325.1 Capital and Financial Account1: (1061.1) ... read more

Number of Airport Passengers Up by yearly 34.81% By January 2023

The activity at Rafic Hariri International Airport improved remarkably in January 2023 compared to the same period last year. In fact, the number of Beirut’s International airport passengers added 34.81% ... read more

Port of Beirut: Container Activity up 16.28% by the end of December 2022

Overall, total container activity including transshipment (TEU+TS) increased by a yearly 16.28% to stand at 715,099 twenty-foot equivalent unit (TEU); container activity (TEU) added 16.71% on a yearly ... read more

Aline Azzi
Economic Digest
February 10, 2023

Menu Costs and Exchange Rate Depreciations in Lebanon

This (slightly technical) economic digest is prepared by Dr Samih Antoine Azar, Professor of Economics and Finance at Haigazian University. Menu costs are the costs of changing reported unit costs by a ... read more

Aline Azzi
Economic Digest
February 8, 2023

IMF: Technical Assistance Report On Putting Tax Policy Back On Track In Lebanon

Lebanon has been facing dire economic conditions started in the eruption of October 2019’s upheavals and the historical devaluation of the Lebanese currency followed by the State default on its sovereign ... read more

Balance of Payments Deficits at $3.2B by December 2022, up by 60% since last year

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $3.2B by December 2022, far exceeding the deficit over the same period last year which totaled only $2B. Accordingly, Net ... read more

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Economic Digest