This page has economic forecasts for Lebanon including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Lebanon economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.30 6.7 6.6 6.6 6.6 6.7 percent
Inflation Rate 6.53 5.4 4.3 3.9 3.2 2.4 percent
Interest Rate 10.00 10 10 10 10 8 percent
Balance of Trade -1591.49 -1655 -1654 -1654 -1654 -1654 USD Million
Government Debt to GDP 149.00 145 150 150 150 155 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1508.00
1511 1514 1518 1521 1533
Stock Market 973.43
points
965 958 952 945 920
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 2.50
percent
2.7 3 3.2 2.25 2.2
GDP 51.84
USD Billion
52.9 54.2 54.2 54.2 58.9
GDP Constant Prices 64054700.00
LBP Million
65784177 65976341 66104450 65495931 69450066
GDP per capita 7197.60
USD
7234 7400 7400 7400 7522
GDP per capita PPP 13367.60
USD
13487 13606 13606 13606 14063
Gross Fixed Capital Formation 15643600.00
LBP Million
15286843 15397042 15507241 15617440 15675081
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.30
percent
6.7 6.6 6.6 6.6 6.7
Population 6.09
Million
6.14 6.15 6.16 6.17 6.27
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 6.53
percent
5.4 4.3 3.9 3.2 2.4
Consumer Price Index CPI 107.68
Index Points
110 110 111 111 115
Inflation Rate Mom 0.44
percent
0.41 0.41 0.43 0.42 0.43
Food Inflation 5.30
percent
5.3 4.8 4.4 3.9 2.9
CPI Housing Utilities 108.18
Index Points
108 108 111 112 114
CPI Transportation 98.57
Index Points
97.07 99.05 104 102 102
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 10.00
percent
10 10 10 10 8
Money Supply M0 4757.30
LBP Billion
4908 4980 5051 5122 5754
Money Supply M1 11295.70
LBP Billion
11560 11772 11976 12179 13976
Money Supply M2 79452.90
LBP Billion
79089 78437 78070 77761 76920
Money Supply M3 213088.00
LBP Billion
214359 215464 216524 217547 225141
Deposit Interest Rate 6.91
percent
6.91 6.91 6.91 6.91 4.91
Loans To Banks 40080.20
LBP Billion
42061 44856 45295 46993 47841
Interbank Rate 5.00
percent
3.93 3.79 3.77 3.77 3.77
Central Bank Balance Sheet 204718.00
LBP Billion
211410 218138 224800 231402 288195
Banks Balance Sheet 363483.40
LBP Billion
373589 383243 392207 400587 455836
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -1591.49
USD Million
-1655 -1654 -1654 -1654 -1654
Exports 228.57
USD Million
236 235 235 235 235
Imports 1820.06
USD Million
1891 1889 1889 1889 1889
Current Account -146.10
USD Million
-299 -168 -235 -214 -218
Current Account to GDP -18.00
percent
-25.8 -25.6 -25.6 -25.6 -24
External Debt 35361.90
USD Million
36382 37090 37784 38467 44105
Capital Flows 3492.80
USD Million
2567 2644 2649 2655 2651
Remittances 701.00
USD Million
798 835 846 831 834
Gold Reserves 286.80
Tonnes
287 287 287 287 287
Terrorism Index 5.64
5.64 5.64 5.64 5.64 5.64
Tourist Arrivals 564453.00
1690 368700 371500 364700 1970
Foreign Direct Investment 202.80
USD Million
211 211 211 211 211
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 149.00
percent
145 150 150 150 155
Government Budget -6.01
percent of GDP
-9.5 -10 -10 -10 -11
Government Budget Value -53077.00
LBP Million
-664690 -664873 -664393 -669576 -672365
Government Spending 9654240.00
LBP Million
9914904 9943867 9963176 9871460 10467422
Government Revenues 1629424.00
LBP Million
1330847 1317337 1316898 1315674 1316100
Fiscal Expenditure 1682501.00
LBP Million
1989384 1982210 1981290 1985250 1988465
Military Expenditure 2368.40
USD Million
2430 2418 2406 2394 2439
Government Debt 109834.00
LBP Billion
111975 113621 115261 116896 131372
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 2056.08
KBps
2239 2247 2236 2244 2245
IP Addresses 179674.00
IP
160642 158813 156466 154308 139779
Manufacturing Pmi 46.20
46.8 47 47.3 47.5 51
Ease of Doing Business 142.00
135 140 142 145 148
Electricity Production 1494.00
Gigawatt-hour
1305 1346 1338 1338 1338
Corruption Index 28.00
Points
28 28 28 28 28
Corruption Rank 143.00
143 143 143 143 143
Coincident Index 306.70
Index Points
306 309 310 309 309
Competitiveness Index 57.72
Points
58.22 58.22 58.22 58.22 60.72
Competitiveness Rank 80.00
80 80 80 80 80
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 57362200.00
LBP Million
58910979 59083066 59197790 58652850 62193853
Private Sector Credit 83652.10
LBP Billion
83543 83538 83539 83539 83539
Gasoline Prices 0.94
USD/Liter
0.93 0.91 0.89 0.88 0.81
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 17.00
percent
17 17 17 17 17
Personal Income Tax Rate 20.00
percent
20 20 20 20 20
Sales Tax Rate 11.00
percent
11 11 11 11 11
Social Security Rate 23.50
percent
23.5 23.5 23.5 23.5 23.5
Social Security Rate For Companies 21.50
percent
21.5 21.5 21.5 21.5 21.5
Social Security Rate For Employees 2.00
percent
2 2 2 2 2
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 56.02
mm
70.81 105 44.84 44.84 50.15
Temperature 8.19
celsius
15.35 10.29 24.39 21.33 18.04



Lebanon - Economic Forecasts - 2018-2020 Outlook