Economic Digest

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

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Aline Azzi
Economic Digest
February 6, 2023

BLOM Bank Publishes its Consolidated Financial Results for end 2022

BLOM Bank published on 6/2/2023 its consolidated but un-audited financial results for end 2022. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... read more

Aline Azzi
Economic Digest
February 2, 2023

BDL: Official Exchange Rate at 15,000 LBP per the USD; and New Circular 659 on Banks’ FX Position and Capital Regulation

In line with the Minister of Finance’s decision promulgated in October 2022, BDL announced yesterday the change of Lebanon’s official exchange rate per USD from 1,507 LBP to 15,000 LBP, effective 1/2/2023. ... read more

BDL’s Foreign Assests dropped by 13.48% YOY by end- January 2023

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 18.02% compared to last year, to reach $191.04B by end of January 2023. The increase was mainly due to the ... read more

Aline Azzi
Economic Digest
February 1, 2023

Lebanon’s Inflation Remains high but at a Softer Rate at 121.99%

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 monthly ... read more

Aline Azzi
Economic Digest
January 31, 2023

Total Value of Cleared Checks Up by 2.79% to stand at $37.43B by End of 2022

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 3,139,881 checks by 2021 to 1,557,226 checks by ... read more

Aline Azzi
Economic Digest
January 31, 2023

Real Estate Demand 27.34% lower Annually by end of 2022

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions went down by a yearly 27.34% to stand at 79,990 transactions by December ... read more

Aline Azzi
Economic Digest
January 31, 2023

IMF Update: World GDP Could Show More Resilience in 2023

The IMF adjusted yesterday its outlook for the world economy based on expected positive developments globally. As such, “global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 ... read more

Aline Azzi
Economic Digest
January 30, 2023

Byblos Bank Releases its Un-audited Financials for end 2022

Byblos Bank published on 28/1/2023 its un-audited, consolidated financial results for end 2022. As expected, the results were impacted by the current but prolonged crisis affecting the Lebanese economy and ... read more

Aline Azzi
Economic Digest
January 30, 2023

Gross Public Debt Up Yearly by 3.5% to reach $102.70B in September 2022

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $102.70B in September 2022, thereby recording an annual increase of 3.5% YOY. The rise is mainly ... read more

Aline Azzi
Economic Digest
January 25, 2023

Average Tourist Spending in Lebanon Slumped by 19% In 2022

According to Global Blue’s January to December 2022 “Globeshopper Spending” report for Lebanon, average tourist spending in Lebanon slumped by 19% by end of year 2022 compared to the previous year of 2021 ... read more

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Economic Digest