According to the Ministry of Finance, transfers to Electricite du Liban (EDL) stood at $527.26M by November 2021, dropping by 34.9% compared to the same period last year. This was mainly a result of lower ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.95B in October 2022, thereby recording an annual increase of 2.1% YOY. The rise is mainly ... read more
Banque du Liban (BDL) disclosed its biweekly interim balance sheet on February 15, 2023, painting the shift from the old official rate of 1,507.5 LBP/USD to the new official rate of 15,000 LBP/USD. Two ... read more
Million USD H1 2021 H1 2022 Current Account1: (2182) (3027.8) Trade in Goods (4368.9) (6229.9) Trade in Services 397.6 947.8 Labor remittances 2231.3 2325.1 Capital and Financial Account1: (1061.1) ... read more
The activity at Rafic Hariri International Airport improved remarkably in January 2023 compared to the same period last year. In fact, the number of Beirut’s International airport passengers added 34.81% ... read more
Overall, total container activity including transshipment (TEU+TS) increased by a yearly 16.28% to stand at 715,099 twenty-foot equivalent unit (TEU); container activity (TEU) added 16.71% on a yearly ... read more
This (slightly technical) economic digest is prepared by Dr Samih Antoine Azar, Professor of Economics and Finance at Haigazian University. Menu costs are the costs of changing reported unit costs by a ... read more
Lebanon has been facing dire economic conditions started in the eruption of October 2019’s upheavals and the historical devaluation of the Lebanese currency followed by the State default on its sovereign ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $3.2B by December 2022, far exceeding the deficit over the same period last year which totaled only $2B. Accordingly, Net ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 3.36% to stand at $169.05B by December 2022. Note that valuation in USD is still at the old official ... read more
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
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
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
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
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
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
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
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
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
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
According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market witnessed an uptick of 39.58% annually to end up the year of 2022 at 6,563 cars by December compared to 4,702 cars by the ... read more
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