Economic Digest

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

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Number of Airport Passengers Up by yearly 29.91% By February 2023

The activity at Rafic Hariri International Airport improved in the second month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 29.91% ... read more

Port of Beirut: Container Activity up 9.79% by First Month of 2023

The latest statistics on activity at the Port of Beirut show an annual decrease of 3.38% in the revenues of the Port of Beirut (PoB) to $9M by February 2022, compared to previous year’s $9.31M. We note ... read more

Tourism Sector Re-picked By 2022 With Remarkable Number of European Travelers

Year of 2022 witnessed a remarkable increase in tourist activity after two years of lockdowns and social unrest. The tourism sector re-picked by end of the year compared to years of 2020 and 2021 but ... read more

Lebanese Commercial Banks’ Total Assets Down Year on Year by 3.61% to $167.96B by January 2023

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 3.61% to stand at $167.96B by January 2023. Note that valuation in USD is still at the old official ... read more

Balance of Payments Deficits at $461.5M by January 2023, up by 31% since last year

According to BDL’s latest monetary report, the BOP recorded a deficit of $461.5M by January 2023, far exceeding the deficit over the same period last year of $353M. Accordingly, Net foreign Assets (NFAs) ... read more

Revenue Implications of a Customs Dollar Rate at 45,000 LBP

In Azar and Bolbol, “An Empirical Note on the Desirability of a Reasonable Customs Dollar Rate”, Blominvest Bank Blog, Spotlights, August 26, 2022, the authors arrive at the following: The historical ... read more

BDL’s Sayrafa restricted to public sector employees in February

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.49% compared to last year, to reach $101.89B by end of February 2023, amid adopting the 15,000 LBP/USD ... read more

Lebanese Car Market improved by 113.53% YOY by January 2023, however remains way below pre-crisis level

According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market witnessed a significant uptick of 113.53% annually in the beginning of 2023. In fact, on a monthly basis, 647 cars were ... read more

Lebanese Sayrafa Volume and Lebanese Market Exchange Rate: An Empirical Note

In the Economic Digest published in this Blog on February 23, 2023, titled “Preliminary Observations on Lebanese Monetary Aggregates and Monetary Policy during the Crisis”, we mentioned that the Sayrafa ... read more

Lebanon’s Inflation reached 123.53% YOY by January 2023: is inflation expected to rise exponentially soon?

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

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Economic Digest