The start of year 2023 witnessed further deterioration of the economic conditions in Lebanon, but at a softer pace. Besides years of political instability in combination with the ongoing economic crisis, ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 51.3% percentage points (pp) by October 2022, up from last year’s percentage ... read more
According to the customs Administration, Lebanon’s trade deficit totaled $15.56B up from $9.75B during the same period last year. Total imported goods added 39.65% year-on-year (YOY) to $19.05B while total ... 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 balance sheet of Banque du Liban (BDL), the central bank’s total assets added 16.25% compared to last year, to reach $189.70B by end of December 2022. The increase was mainly due to the ... read more
Overall, total container activity including transshipment (TEU+TS) increased by a yearly 14.66% to stand at 654,344 twenty-foot equivalent unit (TEU); container activity (TEU) added 16.91% on a yearly ... read more
This Economic Digest is prepared by Dr Samih Azar (Professor of Economics and Finance at Haigazian University): The US dollar keeps on climbing. The daily change tops one thousand pounds, or some 2.5% a ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $103.64B in August 2022, thereby recording an annual increase of 5% YOY. The rise is mainly ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went down by a yearly 17.38% to ... 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 2,948,730 checks from November 2021 to ... read more
According to the customs Administration, Lebanon’s trade deficit totaled $14.57B up from $9.10B registered in the same period last year. Total imported goods added 43.86% year-on-year (YOY) to $17.79B ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 53.5% percentage points (pp) by September 2022, up from last year’s percentage ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 15.73% compared to last year, to reach $189.64B by mid of December 2022. The increase was mainly due to the ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 17.69% 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
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal balance (cash basis) decreased by 153.79% from last year to register a surplus of $1,457.27M by December 2021 for the 7h month in a ... read more
Source: BLOMINVEST calculations In an interesting article published by the Annahar newspaper two days ago[1], the financial gap at BDL in USD is estimated at $77 billion (all fresh), based mostly on data ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 7.97% to stand at $164.64B by October 2022. On the assets side, currency and deposits with Central ... read more
As Lebanon’s financial crisis worsens, the Lebanese became increasingly dependent on the financial support from family members abroad. In the last year, remittance inflows constituted a lifeline for many ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 15.13% compared to last year, to reach $187.58B by end of November 2022. The increase was mainly due to the ... read more
The activity at Rafic Hariri International Airport improved remarkably in 2022. The number of Beirut’s International airport passengers added 52.01% YOY and recorded 5,354,376 passengers by September 2022 ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.85B by October 2022, compared to a deficit of $1.73B over the same period last year. Accordingly, Net foreign Assets ... 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 2,745,805 checks in October 2021 to 1,399,559 ... read more
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