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Economic Performance

Despite continuing regional imbalances, Lebanon has managed to achieve a positive growth of 1%, outperforming some of it regional peers’ growth levels which are still feeling the brunt of the regional economic crisis.


The Lebanese banking sector has played an important role in maintaining economic activity through meeting the demand for credit from the private sector. Deposits of customers of Lebanese commercial banks accounted for 302.7% of GDP in 2015, or the equivalent of USD 155 billion, increasing by 7.34% from 2014 levels and providing the needed liquidity levels to  finance the economy’s needs in its private and public sectors.


Lower oil prices had also positive impact on the Lebanese economy. Lebanon benefitted from lower spending on government spending to Electricite du Liban (EDL) and from a reduced trade deficit which contacted by 12.04%, allowing a better fiscal situation and external accounts. Conversely, due to the lower oil prices there have been a drop in expatriates remittances and foreign direct investment inflows from oil producing countries.


Monetary stability has been a determining factor in Lebanon's economic attractiveness: the closely managed exchange rate and absence of foreign exchange controls and restrictions on the movement of capital has fostered financial stability and enabled to maintain a strong and highly liquid banking industry. In 2015, the Central Bank of Lebanon (BDL) was successful in achieving price and financial stability and maintaining confidence in the financial system through preserving high foreign currency reserves and favorable corporate tax rate. The Central Bank economic support come also through a much needed stimulus package which injected USD 1 million in the economy, in addition to the many other subsidized schemes to support the private sector.

Get in Touch
Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon, P.O.Box 113-7251
+961 1 983306 / 7 / 8
+961 1 983302 /3
Lebanon at a Glance
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