Economic Digest

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

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Aline Azzi
Economic Digest
December 10, 2021

BDL Amends Circular 151 to Set the Exchange Rate for USD Deposit Withdrawals at 8,000 LBP

BDL issued Intermediate Circular 601 on 9/12/2021 that replaces Basic Decision number 13221 of Circular 151, issued on 21/4/2021, with Intermediate Decision Number 13377, in relation to the “exceptional ... read more

Aline Azzi
Economic Digest
December 9, 2021

Real Estate Transactions up Yearly by 29.89% by September 2021

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went up by a yearly 29.89% to ... read more

Aline Azzi
Economic Digest
December 9, 2021

UNICEF: Lebanon Water Supply System at Risk of Failure. Over 71% of Lebanese Risk Losing Access to Water

For years, Lebanon has witnessed severe water supply shortages despite its tremendous water resources, and today the unsustainable economic conditions and climate change are leading to infrastructure ... read more

Sami Baff
Economic Digest
December 8, 2021

BDL’s Foreign Assets Down by a Yearly 27.80% to reach $18.23B by November

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.18% compared to last year, to reach $162.928B by November 2021.The increase was mainly due to the 29.38% ... read more

Sami Baff
Economic Digest
December 7, 2021

Lebanon’s Balance of Payments in a monthly Deficit in October 2021

According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,736M by October 2021, compared to a deficit of $9,988.4M over the same period last year. Accordingly, Net foreign ... read more

Sami Baff
Economic Digest
December 6, 2021

Lebanese Commercial Banks’ Total Assets Down Year to Date by 4.86% to $178.9B by October 2021

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 4.86%, year-to-date (y-t-d), and stood at $178.9B in October 2021, according to Lebanon’s consolidated ... read more

Sami Baff
Economic Digest
December 2, 2021

Beirut’s Hotel Occupancy Rate reached a high of 42% by July 2021

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 42% by July 2021, up from last year’s registered 16% during the same period. ... read more

Lebanon 2022 Consumer Outlook: Fragile Recovery to Get Underway

Fitch report foresees Lebanon’s Real household spending to expand and both consumer and retail sectors to recover. The household spending has experienced a drawback since 2017, following the longstanding ... read more

Sami Baff
Economic Digest
December 1, 2021

Construction Permits Up Yearly by 66.18% to 11,827 by September 2021

According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) remarkable increase of 66.18% to reach 11,827 permits by September ... read more

Public Personnel Costs decreased by 5.5% y-o-y to $2.54B by May 2021

According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 5.5% to reach $2.54B at the official rate 1507.5. The decrease in public salaries was driven by the large drop of ... read more

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Economic Digest