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ECON FACTBOOK

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Economy of Lebanon

Population: 4.5 million in 20131

GDP: $44 billion in 20132

GDP per capita: $9,928 nominal3 ($17,170 PPP4) in 2013

GDP growth rate: 0.9% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities16,82042.0%
Wholesale, retail trade, restaurants and hotels10,89827.2%
Construction5,62414.0%
Transport, storage and communication2,6086.5%
Agriculture, hunting, forestry, fishing2,0935.2%
Mining, manufacturing and utilities2,0515.1%
Total value added40,094100%

Employment

Unemployment rate: 6.5% in 20137

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $91 billion (207% of GDP) in 20149

Household Wealth per Adult: $30,604 in 20149

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $9.5 billion (22% of GDP) in 201310

Central Government Expenditure: $13.5 billion (31% of GDP) in 201310

Central Government Budget Balance: -$4.0 billion (-9% of GDP) in 201310

Central Government Public Debt: $56.7 billion (129% of GDP) in Nov 2014* 11

Central Government 10 Year Bond Interest Rate: 7.28% in May 201412

* Public debt calculated using the exchange rate 1,511 LBP = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 13

Corporate Tax Rate: 15% in 201414

* Individual thresholds calculated using the exchange rate 1,511 LBP = 1 USD

Monetary Policy

Money Supply (M1): $5.0 billion (% of GDP) on Jan 22, 2015* 15

Benchmark Interest Rate: Repo Rate = 10% in Jan 201516

Total Reserves: $48 billion (% of GDP) in 201317

Exchange Rate: 1,511 Lebanese Pounds = 1 U.S. Dollar on Feb 5, 201518

Inflation: 5% in 201319

* Money supply calculated using the exchange rate 1,511 LBP = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201320

N/A (data not available at Relbanks.com)

International Accounts

Exports: $5.8 billion (13% of GDP) in 201321

Imports: $21.0 billion (48% of GDP) in 201321

Trade Balance: -$15.2 billion (-35% of GDP) in 201321

Foreign Direct Investment Inflow: $3.0 billion (7% of GDP) in 201322

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: CIA World Factbook (Government budget) Go back
11. Source: Banque du Liban, Public Finance Statistics, Total debt (Public debt) Go back
12. Source: Reuters (Government bond yield) Go back
13. Source: PKF Tax Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Banque du Liban, Statistics and Research, Money Supply (Money supply) Go back
16. Source: Banque du Liban, Statistics and Research, Economic and Financial Data, Interest Rates, Repo Rate (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: Yahoo Finance (Exchange rate) Go back
19. Source: CIA World Factbook (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back