On July 21, 2022, the International Finance Corporation (IIF) published a new report on Lebanon, “Lebanon: Mounting Challenges”, which analyzes the macro situation in the country and, as important, ... read more
According to Global Blue’s January to June 2022 “Globeshopper Spending” report for Lebanon, total tourist spending in Lebanon slumped by 48% by June 2022 compared to the same period in 2021. However, the ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.64% compared to last year, to reach $167.11B by mid of July 2022. The increase was mainly due to the 26.46% ... read more
Lebanese banking sector played a key role on the national and regional levels and outperformed even during period of economic slowdown and stagnation. However, the current crisis pushed banks into adopting ... read more
LBP Accounts % Oct 2019 Dec 2019 Dec 2020 Dec 2021 May 2022 1 Average Interest on Deposits at BDL 4.22 4.22 2.22 2.22 2.22 2 Weighted Yield on TBs 7.51 7.53 7.55 7.32 7.54 3 Weighted Lending Rate 11.12 ... read more
BOP Accounts ($million M) Q3 2020 Q3 2021 Current (1,939) (2,473.8) of which goods trade (4,350.3) (6,322.5) of which remittances 2,623.3 3,208.9 Capital and Financial* 25.1 (4,256.4) of which FDI 2,279.6 ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets followed a monthly uptick of 0.47%, first increase since December 2020 but decreased annually by 5.68% to stand at $172.93B ... read more
On July 1st, 2022, the World Bank published its country classifications by income level for 2022-2023 as based on 2021 data. In this sense, “the World Bank assigns the world’s economies to four income ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.105B by May 2022, compared to a deficit of $1.57B over the same period last year. Accordingly, Net foreign Assets ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 6.30% compared to last year, to reach $166.63B by end of June 2022. The increase was mainly due to the 25.33% ... read more
In a statement put out by Governor Salamah on 30 June 2022, the Governor said that Lebanon has 9,222,437.73 ounces of gold (Troy ounces and gold coins), out of which 3,707,703.13 ounces are located in the ... read more
The follow-up Labour Force Survey (LFS) 2022 for Lebanon is “the product of a partnership between the International Labour Organization (ILO) and the Central Administration of Statistics (CAS) of Lebanon. ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 40% percentage points (pp) by April 2022, up from last year’s percentage of ... read more
We will summarize in this economic digest the report that was written by Bank of America Securities “Lebanon between change and the status quo” (8 June 2022) regarding the economic crisis in ... 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
The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more
The Association of Car Importers in Lebanon (denoted as AIA) stated in its recent automotive report that “The continuous Downfall of New Cars Registered in Lebanon since 2018 to reach in May 2022 a ... read more
Real Estate sector in Lebanon, long perceived as an eye-catching investment for expats and some tourists, was in addition seen as the safest hedging investment since October revolution. Henceforth, in the ... read more
16.91% to stand at $14.07B by May 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 1,550K ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.80% compared to last year, to reach $166.54B by mid of June 2022. The increase was mainly due to the 26.02% ... read more
The activity at Rafic Hariri International Airport improved remarkably in the first 5 months of the year 2022. Consequently, the number of Beirut’s International airport passengers went up by 89.04%, as it ... read more
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