Economy of Lebanon - Wikipedia
WEBThe economy of Lebanon has been experiencing a large-scale multi-dimensional crisis since 2019, [25] including a banking collapse, the Lebanese liquidity crisis and a sovereign default. [26] It is classified as a developing, lower-middle-income economy.The nominal GDP was estimated at $19 billion in 2020, [4] with a per capita GDP amounting to $2,500. In 2018 government spending amounted to ...
Lebanon Overview: Development news, research, data | World Bank
WEBFor nearly three years, Lebanon has been assailed by the most devastating, multi-pronged crisis in its modern history. The unfolding economic and financial crisis that started in October 2019 has been further exacerbated by the dual economic impact of the COVID-19 outbreak, and the massive Port of Beirut explosion in August 2020.
Lebanon’s Fragile Economy Pulled Back into Recession - World Bank …
WEBDec 21, 2023 · Four years into the economic and financial crisis, Lebanon’s macroeconomic framework remains severely impaired. According to the latest World Bank Lebanon Economic Monitor released today, the spillover effects from the ongoing conflict centered in Gaza pose yet another large shock to Lebanon’s precarious growth model.
Explainer: Lebanon's financial crisis and how it happened
WEBJan 23 (Reuters) - Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge....
Lebanon's Economic Update — April 2022 - World Bank Group
WEBApr 14, 2022 · Lebanon's Economic Update — April 2022. Lebanon is almost three years into an economic and financial crisis that is among the worst the world has seen. Politically, Lebanon heads into parliamentary elections on May 15, which are highly anticipated in light of systemic failures in governance.
GDP (current US$) - Lebanon | Data - World Bank Data
WEBGDP (current US$) - Lebanon | Data. GDP (current US$) - Lebanon. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap.
Lebanon Economy, Politics and GDP Growth Summary - The …
WEBAccess the latest politics analysis and economic growth summary through 2011 for Lebanon from The Economist Intelligence Unit.
Lebanon's Crisis, an Explainer - The New York Times
WEBOct 14, 2021 · A civil war in Syria and other political tensions in the Middle East hurt Lebanon’s economy. The growing power of the group Hezbollah, which the U.S. considers a terrorist organization, in...
Lebanon | Data - World Bank Data
WEBLebanon Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
As Lebanon’s Crisis Deepens, Lines for Fuel Grow, and Food and …
WEBJul 5, 2021 · Lebanon is suffering through a financial crisis that the World Bank has said could rank among the world’s three worst since the mid-1800s in terms of its effect on living standards. Its currency...