Lebanon
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| Introduction - Lebanon: | | Location - Lebanon: | | People - Lebanon: | | Government - Lebanon: | | Economy - Lebanon: | Economy overview | The 1975-90 civil war seriously damaged Lebanons economic infrastructure, cut national output by half, and all but ended Lebanons position as a Middle Eastern entrepot and banking hub. In the years since, Lebanon has rebuilt much of its war-torn physical and financial infrastructure by borrowing heavily - mostly from domestic banks. In an attempt to reduce the ballooning national debt, the Rafiq HARIRI government began an austerity program, reining in government expenditures, increasing revenue collection, and privatizing state enterprises, but economic and financial reform initiatives stalled and public debt continued to grow despite receipt of more than $2 billion in bilateral assistance at the Paris II Donors Conference. The Israeli-Hizballah conflict caused an estimated $3.6 billion in infrastructure damage in July and August 2006, and internal Lebanese political tension continues to hamper economic activity. | | Gdp purchasing power parity | $22.02 billion (2006 est.) | | Gdp official exchange rate | $19.89 billion (2006 est.) | | Gdp real growth rate | -6.4% (2006 est.) | | Gdp per capita ppp | $5,700 (2006 est.) | | Gdp composition by sector | agriculture: 7%
industry: 21%
services: 72% (2005) | | Labor force | 1.5 million
note: in addition, there are as many as 1 million foreign workers (2005 est.) | | Labor force by occupation | agriculture: NA%
industry: NA%
services: NA% | | Unemployment rate | 20% (2006 est.) | | Population below poverty line | 28% (1999 est.) | | Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% | | Inflation rate consumer prices | 4.8% (2006 est.) | | Investment gross fixed | 17.8% of GDP (2006 est.) | | Budget | revenues: $4.444 billion
expenditures: $7.429 billion; including capital expenditures of $NA (2006 est.) | | Public debt | 209% of GDP (2006 est.) | | Agriculture products | citrus, grapes, tomatoes, apples, vegetables, potatoes, olives, tobacco; sheep, goats | | Industries | banking, tourism, food processing, jewelry, cement, textiles, mineral and chemical products, wood and furniture products, oil refining, metal fabricating | | Industrial production growth rate | NA% | | Electricity production | 9.762 billion kWh (2004) | | Electricity consumption | 9.529 billion kWh (2004) | | Electricity exports | 0 kWh (2004) | | Electricity imports | 450 million kWh (2004) | | Oil production | 0 bbl/day (2004 est.) | | Oil consumption | 107,000 bbl/day (2004 est.) | | Oil exports | NA bbl/day | | Oil imports | NA bbl/day | | Oil proved reserves | 0 bbl | | Natural gas production | 0 cu m (2004 est.) | | Natural gas consumption | 0 cu m (2004 est.) | | Current account balance | -$5.339 billion (October 2006) | | Exports | $1.881 billion f.o.b. (2005 est.) | | Exports commodities | authentic jewelry, inorganic chemicals, miscellaneous consumer goods, fruit, tobacco, construction minerals, electric power machinery and switchgear, textile fibers, paper | | Exports partners | Syria 26.4%, UAE 11.8%, Switzerland 7.9%, Saudi Arabia 5.6%, Turkey 4.4% (2006) | | Imports | $9.34 billion f.o.b. (2005 est.) | | Imports commodities | petroleum products, cars, medicinal products, clothing, meat and live animals, consumer goods, paper, textile fabrics, tobacco | | Imports partners | Syria 11.4%, Italy 9.6%, US 9.2%, France 7.6%, Germany 5.9%, China 4.9%, Saudi Arabia 4.7% (2006) | | Reserves of foreign exchange and gold | $16.78 billion (2006 est.) | | Debt external | $31.1 billion (2006 est.) | | Economic aid recipient | $2.2 billion received (2003) from the $4.2 billion in soft loans pledged at the November 2002 Paris II Aid Conference | | Currency code | Lebanese pound (LBP) | | Exchange rates | Lebanese pounds per US dollar - 1,507.5 (2006), 1,507.5 (2005), 1,507.5 (2004), 1,507.5 (2003), 1,507.5 (2002) | |
| Communications - Lebanon: | | Transportation - Lebanon: | | Military - Lebanon: |
This page was last updated on 16 September, 2007
Source: CIA >>> |
