Agriculture > products
citrus, grapes, tomatoes, apples, vegetables, potatoes, olives, tobacco; sheep, goats |
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Aid as % of GDP
|
1.2% |
|
[82nd of 129]
|
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Definition: Economy > Aid as % of GDP |
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Source: CIA World Factbook, 28 July 2005 |
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Big Mac Index
|
$2.85 |
|
[13th of 65]
|
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Definition: Economy > Big Mac Index |
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Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Debt > External
|
$31,600,000,000.00 |
|
[57th of 136]
|
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Definition: Economy > Debt > External |
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Source: The Economist. |
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Economic freedom
|
1.75 |
|
[99th of 156]
|
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Definition: Economy > Economic freedom |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
The 1975-90 civil war seriously damaged Lebanon's economic infrastructure, cut national output by half, and all but ended Lebanon's position as a Middle Eastern entrepot and banking hub. In the years since, Lebanon has rebuilt much of its war-torn physical and financial infrastructure by borrowing heavily - mostly from domestic banks. In an attempt to reduce the ballooning national debt, the Rafiq HARIRI government in the 1990s began an austerity program, reining in government expenditures, increasing revenue collection, and privatizing state enterprises, but economic and financial reform initiatives stalled and public debt continued to grow despite receipt of more than $2 billion in bilateral assistance at the 2002 Paris II Donors Conference. The Israeli-Hizballah conflict in July-August 2006 caused an estimated $3.6 billion in infrastructure damage, and prompted international donors to pledge nearly $1 billion in recovery and reconstruction assistance. Donors met again in January 2007 at the Paris III Donor Conference and pledged more than $7.5 billion to Lebanon for development projects and budget support, conditioned on progress on Beirut's fiscal reform and privatization program. An 18-month political stalemate and sporadic sectarian and political violence hampered economic activity, particularly tourism, retail sales, and investment, until a new government was formed in July 2008. |
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Definition: Economy > Economy > Overview |
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Source: The Heritage Foundation |
Exchange rates
Lebanese pounds per US dollar - 1,507.5 (2004), 1,507.5 (2003), 1,507.5 (2002), 1,507.5 (2001), 1,507.5 (2000) |
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Definition: Economy > Exchange rates |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
|
$4,077,000,000.00 |
|
[109th of 189]
|
|
Definition: Economy > Exports |
|
Source: CIA World Factbook, 28 July 2005 |
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Exports to US
|
$30,900,000.00 |
|
[115th of 224]
|
|
Definition: Economy > Exports to US |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
|
$22,722,190,000.00 |
|
[72nd of 203]
|
|
Definition: Economy > GDP |
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Source: US Census Bureau |
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GDP > PPP
|
$24,226,000,000.00 |
|
[94th of 163]
|
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Definition: Economy > GDP > PPP |
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Source: World Development Indicators database and CIA World Factbook |
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GDP > Real growth rate
|
3.6% |
|
[133rd of 198]
|
|
Definition: Economy > GDP > Real growth rate |
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Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
|
1 annual %
|
|
[158th of 187]
|
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Definition: Economy > GDP growth > annual % |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Gross National Income
|
$17,585,000,000.00 |
|
[62nd of 172]
|
|
Definition: Economy > Gross National Income |
|
Source: World Development Indicators database |
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Human Development Index
|
0.759 |
|
[81st of 178]
|
|
Definition: Economy > Human Development Index |
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Income category
|
Upper middle income |
|
|
|
Definition: Economy > Income category |
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Source: Human Development Report 2006, United Nations Development Programme |
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Inflation rate (consumer prices)
|
4.2% |
|
[110th of 192]
|
|
Definition: Economy > Inflation rate (consumer prices) |
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Source: |
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Population below poverty line
|
28% |
|
[8th of 46]
|
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Definition: Economy > Population below poverty line |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Public debt
|
186.6 % of GDP |
|
[2nd of 121]
|
|
Definition: Economy > Public debt |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
|
558,000 |
|
[65th of 152]
|
|
Definition: Economy > Tourist arrivals |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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