GDP in Lebanon

Lebanon GDP | Economic News & Forecasts

Lebanon - GDP

The economy remains in a feeble state so far this year. The PMI is stuck deep in contractionary territory; the coincident indicator, which measures economic activity, is subdued; while annual falls in building permits and cement sales suggest the construction sector remains in the doldrums. On the political front, the government announced a draft 2019 budget in late May, which must now be approved by Parliament. The budget aims to slash the gaping fiscal deficit to unlock USD 11 billion of donor funds. However, some difficult decisions were dodged—such as cutting public-sector pay—likely in a bid to avoid further public protests. Moreover, it is uncertain whether all measures will be implemented in full, or if the budget will convince skeptical markets of the government’s commitment to fiscal prudence.

Lebanon - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)2.6  2.0  0.8  1.0  -     

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Lebanon GDP Chart

Lebanon GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Administration of Statistics and Met the why particular calculations.

Lebanon Facts

Exchange Rate1,5080.0 %Jun 14
Stock Market8470.37 %Jun 14

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