We will update in this spotlight the impact of changes in the customs dollar rate on inflation and government revenue. We start by presuming that the average customs rate based on (available) data is ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.82B in December 2022, thereby recording an annual increase of 1.4% YOY. The rise is mainly ... read more
In its latest World Economic Outlook of April 2023, the IMF stated that global economy is on the path to recover but the road is rocky. Overall outlook is uncertain again amid recent financial sector ... read more
Lebanon 2018 2022 GDP (billion USD) 55.27 21.31 Population (million) 5.95 5.49 Per-capita GDP (USD) 9,289 3,881 Source: World Bank Lebanon has experienced a severe crisis in 2019 that saw its per-capita ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 6.03% to stand at 110,493 twenty-foot equivalent unit (TEU) for the month of February 2023, with container activity (TEU) ... 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 356,777 checks by February 2022 to 93,120 ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.94B in November 2022, thereby recording an annual increase of 2.1% YOY. The rise is mainly ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.70% compared to last year, to reach $101.35B by end of March 2023, amid adopting the 15,000 LBP/USD ... read more
On the heels of the IMF’s Article IV Mission Statement last week, Deputy Prime Minister Saade Chami issued a statement this week reiterating the truly dangerous situation in Lebanon and the urgent need to ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 36.8% percentage points (pp) by January 2023, up from last year’s percentage ... read more
Central Bank of Lebanon Interim Balance Sheet 15/02/2023 ( In thousands of Lebanese Pounds ) 15/02/2023 31/01/2023 Assets Gold 253,893,373,410 26,487,803,315 Foreign Assets 222,224,898,829 22,589,847,591 ... read more
Average Weighted Price Amount of Eurobonds Held (Bn$) Change in the Amount Held (Bn$) Losses from “Fire Sale” (Mn$) Q3 2019 75.93 14.8 Q4 2019 54.44 13.8 -1.0 456 Q1 2020 32.25 10.8 -3.0 2,033 Q2 ... read more
IMF’s Staff Concluding Statement of the 2023 Article IV Mission, stated clearly that “Lebanon is at a particularly difficult juncture. For over three years, it has been facing an unprecedented crisis, with ... 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 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.46% compared to last year, to reach $101.26B by mid of March 2023, amid adopting the 15,000 LBP/USD ... read more
According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) remarkable increase of 7.91% to reach 18,039 permits by December ... read more
The activity at Rafic Hariri International Airport improved in the second month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 29.91% ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 3.38% in the revenues of the Port of Beirut (PoB) to $9M by February 2022, compared to previous year’s $9.31M. We note ... read more
Year of 2022 witnessed a remarkable increase in tourist activity after two years of lockdowns and social unrest. The tourism sector re-picked by end of the year compared to years of 2020 and 2021 but ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 3.61% to stand at $167.96B by January 2023. Note that valuation in USD is still at the old official ... read more
According to BDL’s latest monetary report, the BOP recorded a deficit of $461.5M by January 2023, far exceeding the deficit over the same period last year of $353M. Accordingly, Net foreign Assets (NFAs) ... read more
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