As per International Monetary Fund
(IMF) Lebanon’s nominal gross domestic product is expected to grow at a CAGR of
4.4% from it’s 2015 level of LBP 76581.43 billion and reach LBP 103504.48
billion by 2022.
Lebanon, officially the Lebanese
Republic, is a democratic republic country bordering the East Mediterranean
Sea. It is bordered by Syria to the north and east and Israel to the south.
Lebanon's location at the crossroads of the Mediterranean Basin and the Arabian
hinterland has dictated its rich history and shaped a cultural identity of
religious and ethnic diversity. The urban population in Lebanon is noted for
its commercial enterprise. Emigration has yielded Lebanese commercial networks
throughout the world. Remittances from Lebanese abroad total $8.2 billion and
account for one fifth of the country's economy. Lebanon has the largest
proportion of skilled labor among Arab States, and almost 65% of the Lebanese
workforce attain employment in the services sector.
Lebanon had estimated population
of 4.597 million in the year 2016 and expected to reach 4.869 million by 2022,
growing at a CAGR of 0.96%.
Lebanon's real gross domestic
product (GDP) was around LBP 63387.80 billions in 2016 whereas the nominal GDP
was LBP 78376.69 billions. This resulted in GDP deflator 123.646. Per capita
GDP was estimated at USD 11308.91 whereas purchasing power parity (PPP) based
per capita GDP was estimated to be at USD 18524.56.
In 2016, Lebanon government's
revenue was LBP 14678.08 billions whereas the expenditure was LBP 21028.08
billions. This resulted Lebanon government's net lending / borrowing negative
at LBP 6350 billion in 2016 indicating that enough financial resources were not
made available by the government to boost economic growth.
The current account balance for
Lebanon was estimated to be negative at USD 8.305 billions for the year 2016
and is expected to decline at a CAGR of 1.26% and reach USD 8.533 by 2022. This
negative current account balance indicates the Lebanon is a net borrower from
the whole world.
Scope of the Lebanon PESTEL Analysis, SWOT Analysis and Risk
Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Lebanon.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Lebanon.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Lebanon.
- These reports provide risk analysis for Lebanon.
For more information and to
purchase Lebanon PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/lebanon-pestel-analysis-market-research-report
For more information and to
purchase Lebanon SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/lebanon-swot-analysis-market-research-report
For more information and to
purchase Lebanon Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/lebanon-risk-analysis-market-research-report
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