Lebanon

No resolution of political, economic and financial crises in sight

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

Updated on October 2021.

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GDP USD18.08bn (World ranking 122, World Bank 2021)
Population 6.77mn (World ranking 108, World Bank 2021)
Form of state Republic
Head of government Najib Mikati (Prime Minister)
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
  • Relatively poor data provision

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Switzerland 20.3%
1
9.1% China
United Arab Emirates 13.6%
2
7.5% Greece
Saudi Arabia 6.2%
3
7.3% United States
Korea, Republic of 4.6%
4
7.3% Italy
Iraq 4.3%
5
5.6% United Arab Emirates

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Gold, non-monetary (excluding gold ores and concentrates) 21.4%
1
26.0% Petroleum, petroleum products and related materials
Miscellaneous manufactured articles, n.e.s. 13.8%
2
6.3% Road vehicles
Vegetables and fruits 8.0%
3
6.0% Medicinal and pharmaceutical products
Non metallic mineral manufactures, n.e.s. 6.8%
4
3.8% Non metallic mineral manufactures, n.e.s.
Metalliferous ores and metal scrap 5.7%
5
3.7% Miscellaneous manufactured articles, n.e.s.
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