Lebanese Nominal GDP Growth: It is all in the GDP Deflator!
In late 2025, the Central Administration of Statistics (CAS) published the national accounts for year 2023. However, in March 2026, when the national accounts for year 2024 were published, the figures for the 2019 to 2023 period were altered. Most notable is the nominal GDP for year 2023, which in the previous data stood at 2,760.1 trillion LBP (or $31.5 billion), but now with the new data it stood at 2,257.8 trillion LBP (or $25.9 billion). Why was that? This is what we will try to elaborate in this note.
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