There are no restrictions on foreign exchange or capital movement. The Lebanese economy is service-oriented main growth sectors include banking and tourism. Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The major industrial sectors include metal products, banking, agriculture, chemicals, and transport equipment. As a consequence, interest payments consumed 48% of government revenues in 2016, thus limiting the government’s ability to make needed investments in infrastructure and other public goods. Lebanon also suffers from a very high degree of public debt, the third-highest in the world in terms of the ratio of debt-to-GDP. The institute of international finance forecasted GDP growth of only 0.7% for 2013. However, the Lebanese economy was badly affected by the Syrian civil war. ![]() It has the 54th richest GDP per capita in the world, and it was forecasted that Lebanons GDP per capita would reach $20,000 by 2015, making it one of the strongest economies in the region. ![]() ![]() The IMF forecast a growth of 7% for Lebanons real GDP in 20 following 9% growth in 2009 and 8.5% in 2008. The economy of Lebanon is a developing economy, with a private sector that contributes to 75% of aggregate demand and a large banking sector that supports this demand.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |