Economic Digest

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

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Economic Digest
November 3, 2020

BDL Foreign Assets Down by 31.75% since the start of the year to $25.43B in October 2020

According to balance sheet of Banque du Liban BDL, the central bank’s total assets continue to grow and added 9.80% sine year-start to reach $155.21B in October 2020. This increase is due to the rise of ... read more

Construction Permits Down Yearly by 20.92% to 7,116 by September 2020

In light of the deteriorating conditions that Lebanon is experiencing, most investments and construction projects were put on hold. According to the data from the Orders Engineering in Beirut and Tripoli, ... read more

World Bank Estimates a 19.2% Decline in Real GDP Growth in 2020

The World Bank Economic update on Lebanon dated October 2020 shows the ongoing macroeconomic events that took place since October 2019 and their effect on the real and financial sectors of the economy. The ... read more

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Economic Digest
November 2, 2020

Lebanon’s Trade Deficit Down by 58.97 % YOY at $4.66B by August 2020

Lebanon trade deficit dropped 58.97% compared to the same period last year to reach $4.66B. In details, total imported goods slumped by 49.97% year-on-years (YOY) to $6.92B by August 2020. Further, ... read more

Total Number of Registered New Cars Slumped by 73.7% to 5,513 by September 2020

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

Revenues of Port of Beirut Down by 44.49% to $84.8M by September 2020

Port of Beirut is still suffering from the massive explosion on the fourth of August 2020, as the port has not healed yet from the vast destruction. Further, the estimated losses are around $350M, with ... read more

BLOM Bank SAL Intends to Delist from the Luxembourg Stock Exchange and the International Order Book of the London Stock Exchange

On 23 October 2020, BLOM Bank SAL announced that it has applied for the withdrawal of its Global Depositary Shares (the “GDSs”) (ISIN: US0936881095; trading symbol: BLOBK) from trading on the EUROMTF and ... read more

After Byblos Bank, Bank Audi Applied for the Cancellation of its GDRs from London Stock Exchange

On October 9 2020, Bank Audi announced that it has applied for the cancellation of the listing of its global depository receipts (GDR) from the official list of the UK financial conduct authority and the ... read more

Public Personnel slightly down by 0.3% y-o-y to $3.27B by June 2020

According to Lebanon’s Ministry of Finance (MoF), personnel costs slightly decreased by an annual 0.3% to reach $3.27B by June 2020 compared to the same period last year. This decrease is due to reduction ... read more

IMF Puts Global GDP Growth at -4.4% and GDP Growth for Lebanon at -25%

The IMF’s World Economic Outlook released in October 2020, offers an oversight of the Global economy; the rekindling of the economic activity amidst the pandemic across advanced and emerging market ... read more

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Economic Digest