Economic Digest

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

Total Assets of BDL Up by 2.21% YTD to $144.5 B by Feb.2020

According to the central bank’s (BDL) balance sheet, total assets recorded an increase by 2.21% since year-start, to end the month of February 2020 at $144.48B.In details, BDL foreign assets account ... read more

Rouba Chbeir
Economic Digest
February 28, 2020

Airport Activity Retracted by 13.9%YOY in January 2020

Following the challenging fourth quarter of 2019, the number of travelers to and from Lebanon continued its decline into the first month of 2020 as tourism activity slowed down along with the economy. ... read more

Sara Hadchiti
Economic Digest
February 27, 2020

Beirut’s Hotel Occupancy Rate at 61.70% in 2019

According to Ernst & Young’s Middle East hotel benchmark survey, the occupancy rate in Lebanon’s 4- and 5-star hotels reached 61.70% in 2019, compared to 65.10% during the same period last year. ... read more

Rouba Chbeir
Economic Digest
February 26, 2020

Total Value of Cleared Checks Up by 36.5%YOY, while Returned Checks Normalize in Jan. 2020

The latest data released by the Association of Lebanese Banks (ABL) revealed that the total number of cleared checks in the first month of 2020 fell by 11.9% year-on-year (YOY) to 757,824 checks. This can ... read more

Rouba Chbeir
Economic Digest
February 25, 2020

Port of Beirut Revenues Slashed by 30%YOY in January 2020

According to the latest figures published by the Port of Beirut (PoB), the Port’s revenues fell by 30.33% year-on-year (YOY) to $12.37M in the first month of the year. In details, Total container activity ... read more

Rouba Chbeir
Economic Digest
February 24, 2020

Lebanon’s Inflation Rate Rose Aggressively, Hitting 10.04% in January 2020

According to the Central Administration of Statistics (CAS), the monthly inflation rate in Lebanon doubled from November’s 3.17% to end 2019 at 6.96%. The ensuing inflation rate in the first month of 2020 ... read more

Sara Hadchiti
Economic Digest
February 21, 2020

Gross Public Debt Recorded a 7.6%YOY Uptick to $91.64B in 2019

According to the data released by the Ministry of Finance (MoF), Lebanese gross public debt increased by an annual 7.6% to settle at $91.64B in 2019. In details, local currency debt (denominated in LBP) ... read more

Sara Hadchiti
Economic Digest
February 20, 2020

Number of Construction Permits Slumped by 13.86% to 11,074 in 2019

The year 2019 proved to be a challenging year for the Lebanese economy, given the economic and financial crisis. The current economic slowdown continues to weigh down on the construction sector. According ... read more

Sara Hadchiti
Economic Digest
February 19, 2020

Quarterly Gross Domestic Product: Q2 2019 Volume of GDP Down annually by 5%

For the first time, CAS provides estimates of the Gross Domestic Product (GDP) on a quarterly basis. According to the recently published report, the sources and methods used to estimate quarterly GDP are ... read more

Sara Hadchiti
Economic Digest
February 18, 2020

Transfers to EDL Dropped yearly by 7.74% to stand at $1B by August 2019

According to the Ministry of Finance, transfers to EDL witnessed a yearly drop of 7.74% to reach $ 1B by August 2019. In details “Payments to fuel and oil gas suppliers KPC and SPC” (which grasped 99.74% ... read more

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Economic Digest