Economic Digest

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

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Public Personnel Costs Up by 1% y-o-y to $5.45B by October 2020

According to Lebanon’s Ministry of Finance (MoF), personnel costs slightly increased annually 1% to reach $5.45B by October 2020. This increase was driven by rise of “Transfer to public institution”, ... read more

Airport Activity Retracted Yearly by 36.93% in April 2021

Following the political unrest and the worldwide pandemic, Beirut Airport activity retracted by 36.93% year-on-year (YOY) in April 2021 as tourism activity almost ceased along with the economy. ... read more

Is Real Estate still Considered a Safe Haven for Investors?

While the economic crisis continues to cast it shadow over the Lebanese environment, Lebanese citizens and specifically depositors are still trying to figure a way to protect the value of their savings and ... read more

Revenues of Port of Beirut Up by 28.65% to $10.84M by March 2021

The figures released by the Port of Beirut (PoB) revealed an annual increase of 28.65% in the Port’s revenues which settled at $10.84M by March 2021, compared to last year’s $8.42M. In details, Total ... read more

Lebanon’s Fiscal Deficit Down by 30.35% YOY to $2.80B by October 2020

According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.80B by October 2020, down from last year’s $4.02B. In detail, the substantial deficit is attributed ... read more

Can BDL Legally Continue Printing Money Unabated?

Lebanon struggles today amid galloping high inflation, characterized by an uncontrolled rise in prices. Undoubtedly, the main cause of this hyperinflation can be attributed to the increased supply of cash ... read more

BDL Foreign Assets continue its yearly Contraction at 37.13% Reaching $21.64B by April 2021

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.93% compared to last year, to reach $154.71B by end of April 2021. Reasons behind the increase include the ... read more

Bank Audi Publishes its Audited Consolidated Financial Results for End 2020

Bank Audi published this week its audited consolidated financial results for end 2020. The Bank said in its statement that the unprecedented tough operating environment in Lebanon – reflected in a lasting ... read more

Lebanon’s Balance of Payments Deficit Stood at $847.2M by March 2021; BDL Launches its Platform “Sayrafa” for FX Transactions

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $847.2M by March 2021, compared to a deficit of $1062.1M over the same period last year. Accordingly, Net foreign Assets ... read more

Lebanese Commercial Banks’ Total Assets Up Year to Date by 0.95% to $186.26B by March 2021

With the financial crisis and political uncertainty, Lebanese commercial banks’ health is Jeopardized. Total assets of Lebanese commercial banks decreased by 0.95%, year-to-date (y-t-d), and stood at ... read more

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Economic Digest