Economic Digest

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

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Lebanese Commercial Banks: Recent Organizational Statistics

Lebanese banks have long been pillars of the country’s financial system, contributing significantly to its economic growth and stability. However, since the onset of the crisis in 2019, the banking ... read more

Did BDL USD Reserve Liabilities Contribute Badly to the Crisis?

Trillion LBP Dec 2001 Dec 2009 Dec 2015 Dec 2018 Required Reserves RR: 9.2 22.2 35.4 40.3 RR in USD 6.5 13.9 22.2 27.6 Total Reserves TR 10.5 53.2 106.3 196.2 Excess Reserves ER 1.3 31.0 70.9 155.9 ... read more

IMF: Global Economy On Track But Not Yet Out of the Woods

In its latest World Economic Outlook of July 2023, the International Monetary Fund (IMF) stated that global economy would continue to gradually recover from the pandemic and Russia’s invasion of Ukraine. ... read more

BDL’s Foreign Assets Surprisingly dropped by $608M in the Second half of July while Sayrafa volume reached around $810M

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 39.15% compared to last year, to reach $103.09B by end of July 2023. The fall was mainly due to the 90.52% ... read more

Number of Airport Passengers Up by yearly 23.29% By June 2023

The activity at Rafic Hariri International Airport improved during the first half of 2023 compared to the same period last year. In fact, the number of Beirut’s International airport passengers added ... read more

Salameh’s Tenure Ends: Will a New Era of Monetary and Exchange Rate Policy Begin?

After 30 years at the helm of BDL, Governor Riad Salameh’s tenure ended on July 31st, 2023. As a result, the first Vice Governor, Wassim Mansouri, will take over as Acting Governor, and will run BDL in ... read more

Port of Beirut: Container Activity up 14.18% by May 2023

Total container activity including transshipment (TEU+TS) increased by a yearly 14.18% to stand at 317,034 twenty-foot equivalent unit (TEU) by the first five month of 2023, with transshipment activity ... read more

Construction Permits Down Yearly by 51.05% to 5,061 by June 2023

According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) remarkable decrease of 51.05% to reach 5,061 permits by half 2023. ... read more

Lebanon’s Inflation Hits High of 253.55% By June 2023

According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s ... read more

Number of Returned checks fell substantially by 66.86% YOY by June 2023

According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 1,013,924 checks by June 2022 to 264,443 checks ... read more

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Economic Digest