Economy of Lebanon - Wikipedia
The economy of Lebanon has been experiencing a large-scale multi-dimensional crisis since 2019, [25] including a banking collapse, the Lebanese liquidity crisis and a sovereign default. [26] It is classified as a developing, lower-middle-income economy. The nominal GDP was estimated at $19 billion in 2020, [4] with a per capita GDP amounting to ...
Explainer: Lebanon's financial crisis and how it happened
Jan 23, 2022 · Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge.
Lebanon Overview: Development news, research, data | World Bank
Nov 2, 2022 · For nearly three years, Lebanon has been assailed by the most devastating, multi-pronged crisis in its modern history. The unfolding economic and financial crisis that started in October 2019 has been further exacerbated by the dual economic impact of the COVID-19 outbreak, and the massive Port of Beirut explosion in August 2020.
Lebanon’s Fragile Economy Pulled Back into Recession - World Bank …
Four years into the economic and financial crisis, Lebanon’s macroeconomic framework remains severely impaired. According to the latest World Bank Lebanon Economic Monitor released today, the spillover effects from the ongoing conflict centered in Gaza pose yet another large shock to Lebanon’s precarious growth model.
Lebanon’s inflation rate drops to 45% in 2024, marking a return to ...
21 hours ago · Lebanon has endured prolonged economic instability, with the Lebanese lira losing 90 percent of its value since the crisis began in 2019. The drop in inflation aligns with the International ...
Lebanon - Economy, Trade, Agriculture | Britannica
4 days ago · Despite Lebanon’s uneasy economic recovery, its economy remained resilient in the face of the 2008 global economic recession. Increased domestic security contributed to investment and growth, while its small export base insulated …
Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. The Monitor places these developments, policies, and findings in a longer-term and global context and assesses their implications on the outlook for Lebanon.
Lebanon : Development news, research, data | World Bank
Lebanon's real GDP growth has been cut by an estimated 6.6% in 2024 as a result of the conflict. The cost of physical damages and economic losses in Lebanon is estimated at US$8.5 billion, according to a new report that assesses the impact of conflict on the economy and key sectors.
Lebanon’s economic crisis: A tragedy in the making
Mar 29, 2021 · For the past 18 months, Lebanon has been reeling from a wrenching economic crisis. This essay deciphers the crisis’s origin, describes the current juncture, and reflects on the likely outcomes in the proximate future.
GDP (current US$) - Lebanon | Data - World Bank Data
The World Bank provides data on Lebanon's GDP in current US dollars.