Economic Indicators

ALL INDICATORS 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Macroeconomic Indicators                      
GDP (Current prices) (USD billion)-World Bank 29.2 35.5 38.4 40.1 44.0 46.5 48.5 49.9 51.5 53.6 56.6*
GDP (Current prices) (USD billion)-IMF 29.2 35.5 38.4 40.1 44.2 46.9 48.3 50.0 51.2 53.4 56.4
GDP growth (Constant prices)-World Bank 9.2 10.1 8.0 0.9 2.8 2.7 2.0 0.2 1.6* 0.6* 0.2*
GDP growth (Constant prices)-IMF 9.2 10.1 8.0 0.9 2.7 2.6 1.9 0.4 1.6 0.6 0.2
GDP per capita (Current prices) (USD)-World Bank 7,110 8,481 8,858 8,734 8,959 8,808 8,660 8,530 8,571 8,809 9,295
GDP per capita (Current prices) (USD)-IMF** 7,110 8,481 8,858 8,734 8,997 8,883 8,619 8,540 8,530 8,778 9,257
GDP per capita (Current prices) (USD)-IMF*** 6,982 8,354 8,850 9,144 9,914 10,399 10,810 11,178 11,105 11,409 NA
Consumer Price Index (CPI) at Year End****          106          109          114             118 129.5 130.9 99.29 95.92 98.93 104 108
Coincident Indicator (100 in 1993) (At Year End)          210          241          256             266 263 268 293 302          292.2 318 300.7
Exports (in USD million)       3,478       3,484       4,253          4,265 4,483 3,936 3,313 2,951          2,976 2,844 2,951
Imports (in USD million)     16,137     16,242     17,964        20,158 21,280 21,228 21,438 18,595 19,119 19,583 19,979
Trade Balance (in USD million) -12,659 -12,758 -13,711 -15,893 -16,797 -17,292 -18,125 -15,644 -16,143 -16,739 -17,028
Imports of Industrial Machinery (in USD million) 189 200 228 240 290 300 270 243 237 257 266
Foreign Direct Investments (in USD billion) 4 4.8 4.2 3.4 3.7 2.8 3 2.34 2.61 2.63 NA
Remittances inflows (USD billion)-World Bank 7.2 7.6 6.9 6.9 6.7 7.6 7.2 7.5 7.6 7.1 7.2
Business Indicators                      
Number of Real Estate transactions     85,025     94,046     94,202        82,984 74,569 69,198 70,793 63,386        64,248        73,740             60,714
Real Estate Sales (in USD million)       6,481       6,956       9,479          8,841 9,175 8,263 9,200 8,010          8,482          9,953               8,100
Building Permits (in million square meters)          16.1         14.3         17.6            16.4 14.6 12.9 13.5 12.3              9.9 9.27 9.01
Cement Deliveries  (in million tons)           4.2           4.9           5.2              5.5 5.3 5.8 4.4 5            5.26            5.15 4.7
Airport Passenger Numbers (in million)           4.1              5           5.6              5.7 5.9 6.3 6.6 7.2              7.6              8.2                   8.8
Number of Tourists (in million)           1.3           1.9           2.2              1.6 1.4 1.2 1.3 1.5 1.7              1.9                   2.0
Beirut Port Activity (out/in in thousand tons)       5,765       6,322       6,469          6,677 7,225 8,268 8,280 8,216          8,737          8,629               7,984
Number of Vessels       2,055       2,395       2,285          2,167 2,125 2,114 1,962 1,807          1,580          1,909               1,872
Number of Containers   945,100   994,601   949,155   1,034,249 1,041,756 1,117,334 1,210,413 1,130,296   1,147,219   1,305,032        1,305,754
of which containers in transshipment   417,891   403,411   349,668      449,029 406,787 359,276 428,984 331,686      291,588      407,255           431,508
Sale of new vehicles     33,428     32,177     33,412        32,455 35,477 36,109 37,816 39,361        36,326        37,222             33,012
Number of new firms registered (Beirut & Mount-Lebanon)       5,677       7,093       7,667          7,554 6,157 6,299 6,071 6,303          5,787          6,251               5,495
Electricity Production (in million kWh) 11,189 11,920 12,458 12,397 10,966 12,096 12,522 12,520 13,130        15,030             15,245
Financial Indicators                      
BDL's Gold Reserves (in USD million) 8,032 10,000 13,014 14,401 15,312 11,104 11,000 9,848 10,705 11,962 11,770
BDL's Foreign Currency Reserves (in USD million) 17,062 29,200 30,614 30,815 29,972 31,713 32,403 30,638 34,028 35,806 39,674
BSE Market Capitalization (USD billion) 9.6 12.8 12 .7 10.3 10.421 10.5 11.2 11.2 11.9 11.5 12.2
Total Volume of Traded Shares (in million) 105.5 102.5 271 78 55 51 96 75 120 84 87
Total Value of Traded Shares (in USD million) 1,710 1,038 1,871 515 408 375 661 629 972 753 762
Total Checks cleared (value in USD million) 52,485 56,000 67,418 72,103 71,037 72,300 74,200 69,627 68,136 68,375 66,687
Returned checks (value in USD million)  911 1,101 1,420 1,438 1,140 1,548 1,607 1,530 1,461 1,429 NA
Dollarization rate on Deposits (%) 69.6 64.5 63.2 65.9 64.8 66.1 65.7 66.1 65.8 68.7 70.6
3-month LIBOR Interest Rate 1.8 0.25 0.3 0.56 0.31 0.24 0.26 0.54 0.98 1.60 2.79
Beirut Reference Rate on $ N/A 5.18 4.67 4.68 5.76 5.89 6.05 6.16 6.54 6.83 8.2
Average interest rates on Deposits (LL) 7.2 6.75 5.68 5.63 5.41 5.44 5.56 5.56 5.56 6.41 8.3
Average interest rates on Deposits ($) 3.33 3.05 2.8 2.83 2.86 2.95 3.07 3.17 3.52 3.89 5.15
Average interest rate on loans (LL) 9.95 9.04 7.91 7.38 7.07 7.29 7.49 7.45 8.23 8.09 9.97
Average interest rate on loans ($) 7.47 7.28 6.74 7.02 6.87 6.88 6.97 7.06 7.35 7.67 8.57
Balance of Payments (in USD million) 3,461 7,899       3,324 -1,996 -1,537 -1,128 -1,410 -3,350 1,238 -156 -4,823
Banking Indicators                      
Number of Commercial Banks  53 53 54 54 54 56 55 53 50 49 49
Number of Investment Banks  12 12 13 15 17 17 16 16 17 16 16
Total Number of Banks 65 65 67 69 71 73 71 69 67 65 65
Number of Financial Institutions 45 47 50 53 53 55 55 52 50 49 44
Number of Payment Cards (in million) 1.56 1.63 1.68 1.78 1.86 2.18 2.43 2.75 2.76 2.63 NA
Number of ATM machines 1,140 1,207 1,285 1,326 1,433 1,516 1,603 1,707 1,793 1,902 NA
Commercial Banks                      
Number of Commercial Bank-Branches 861 885 912 948 962 985 1,020 1,039 1,056 1,065 NA
Total Net Profit (in USD million) (local operations)** 1,067 1,197 1,642 1,564 1,563 1,632 1,717 1,865 1,900 2,672 2,234
Deposits at the Central Bank (in USD million) 25,740 35,755 40,331 47,208 52,540 54,271 63,508 70,557 89,295 103,412 130,207
Total Assets (in USD million) 94,130 115,097 128,970 140,623 151,932 164,821 175,697 185,989 204,311 219,856 249,484
Total Deposits  (in USD million) 78,663 95,001 107,239 117,742 127,699 139,166 147,637 154,951 162,495 168,394 173,178
Loans to the Resident Private Sector (in USD million) 21,068 24,267 30,326 34,236 37,857 41,516 45,382 48,061 51,040 54,174 51,798
Loans to Non-Resident  Private Sector  (in USD million) 3,979 4,116 4,614 5,151 5,608 5,863 5,517 6,182 6,140 6,071 7,117
Loans to the Public Sector (in USD million) 25,423 29,072 29,325 29,234 31,141 37,668 37,364 37,813 34,723 31,949 33,599
Foreign Assets (in USD million) 19,104 23,649 25,736 25,505 26,175 26,625 24,192 23,794 23,100 23,602 25,201
Claims on Non-Resident Financial sector (in USD million) 11,393 15,025 15,849 14,634 14,400 13,920 12,171 11,561 11,240 11,300 11,990
Money Supply                      
Currency in Circulation (in million USD) 1,446 1,584 1,800 1,918 2,132 2,137 2,425 2,663 3,046 3,241 3,322
M1 = Currency in Circulation+Demand Deposits in LL (in million USD) 2,839 3,219 3,801 4,073 4,714 5,068 5,521 6,000 6,739 7,047 7,736
M2 = M1 + Other Deposits in LL (in million USD) 24,825 34,246 39,417 38,914 43,183 45,726 48,819 52,170 54,679 52,515 50,964
M3 = M2 +Bonds+Deposits in Foreign Currency (in million USD) 68,843 82,295 92,176 97,263 104,045 111,455 117,990 123,663 132,797 138,617 141,289
M4 = M3 +Treasury Bills held by the public (in million USD) 72,771 87,186 97,426 102,432 109,276 117,598 124,927 130,968 139,960 145,742 148,880
Fiscal Indicators                      
Gross Public Debt (in USD million) 46,961 51,025     52,618        53,640 57,704 63,489 66,571 70,324 74,899        79,539 85,138
Debt in LL (in USD million) 25,841 29,795     32,021        32,740 33,309 37,447 40,854 43,247 46,785        49,139 51,643
Debt in Foreign Currency (in USD million) 21,120 21,230     20,597        20,900 24,394 26,204 25,680 27,077 28,114        30,400 33,495
Net Public Debt (in USD million) 41,445 44,055     45,040        46,360 49,134 53,382 57,148 61,550 65,434        69,339 75,727
Gross Market Debt (in USD million)  31,182 33,995 34,031 33,556 39,147 43,641 44,958 45,904 46,635        47,724 50,550
Treasury Bills in LL (in USD billion) 25.6 29.6 31.0 31.6 32.2 36.2 39.8 42.1 45.9 49.0 51.5
Eurobonds (in USD million) 17,794 18,010 17,737 18,235 21,751 23,571 23,118 24,916 26,030        28,086 31,327
Debt/GDP ratio (%) 157 146 138 134 134 143 140 137 151% 155% 152%
Fiscal deficit or surplus (in USD million) -2,921 -2,960 -2,894 -2,341 -3,925 -4,220 -3,073 -3,952 -4,944 -3,756 NA
Fiscal deficit (surplus)/GDP ratio (%) -10% -8% -8% -6% -9% -9% -6% -8% -10% -7% NA
Primary fiscal deficit or surplus (in USD million) 597 1,078 1,231 1,661 -110 -240 1,307 724 21 1,428 NA
Total Tax Revenues (in USD million) 4,775 5,962       6,620 6,557 6,758 6,711 6,891 6,853 7,030          8,213 NA
VAT Revenues (in USD million) 1,713 1,920       2,119 2,189 2,173 2,187 2,190 2,095 2,145          2,306 NA
Customs Revenues (in USD million) 1,051 1,764       1,859 1445.226 1,493 1,431 1,355 1,369 1,404          1,435 NA
Telecom Revenues transferred to the MoF (in USD million)  1,152 1,366          635 1500 1,430 1,430 2,012 1,234 1,265          1,284 NA
Total Non-tax Revenues transferred to MOF (in USD million) 1,737 2,040       1,355 2,301 2,180 2,168 2,888 2,192 2,250          2,565 NA
Total Expenditures (in USD million) 9,910 11,372     10,078 10,628 10,153 10,652 12,265 12,012 12,947        14,078 NA
Salaries, Wages (in USD million) 1,780 2,212       2,226          2,532 2,925 2,986 3,097 3,098 3,156          3,600 NA
Debt servicing (in USD million) 3,298 3,848       3,911 4,003 3,816 3,980 4,380 4,677 4,965          5,184 NA
Transfers to EDL (in USD million)  1,609 1,496       1,193 1,742 2,261 2,027 2,094 1,135 927          1,328 NA
*According to World Bank update issued in April 2019
**The IMF revised its figures to include refugees(World Economic Outlook Database, April 2019)
***The IMF figures did not include refugees(World Economic Outlook Database, April 2018)
****In  2014, the Central Administration of Statistics (CAS) added new components to the CPI and changed the weights of all components, which was reflected in the unusual drop in the CPI that year