LEBANON

Worst financial collapse since independence in 1943

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD33.38bn (World ranking 99, World Bank 2020)
Population 6.83mn (World ranking 108, World Bank 2020)
Form of state Republic
Head of government Najib Mikati (Prime Minister Designate)
Next elections 2022, presidential and legislative 
  • Educated workforce
  • Regional support from the GCC states (though financial support is made increasingly conditional on reforms)
  • Weak and deteriorating business environment, with a high level of perceived corruption
  • Tensions between the religious factions spill over into the political arena and into periodic outbreaks of violence
  • Regional factors, including events in Syria and Iraq and tensions arising directly and indirectly from Iranian influence
  • Large fiscal deficits and high public debt (among the highest in the world when expressed as a percentage of GDP)
  • Very large current account deficits
  • A fixed exchange rate (the LBP is pegged to the USD) prevents economic management through that mechanism
  • Relatively poor data provision

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
Switzerland 27.9%
1
7.4% Turkey
United Arab Emirates 13.9%
2
7.1% China
Saudi Arabia 5.6%
3
6.8% Greece
Iraq 4.5%
4
6.8% United Arab Emirates
Qatar 3.8%
5
6.8% United States

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Gold, non-monetary (excluding gold ores and concentrates) 21.3%
1
16.7% Petroleum, petroleum products and related materials
Miscellaneous manufactured articles, n.e.s. 15.0%
2
8.0% Medicinal and pharmaceutical products
Vegetables and fruits 8.0%
3
5.4% Road vehicles
Non metallic mineral manufactures, n.e.s. 6.7%
4
4.9% Cereals and cereal preparations
Metalliferous ores and metal scrap 5.8%
5
3.9% Non metallic mineral manufactures, n.e.s.
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