MarketResearchReports.com has announced the addition of “Lebanon PESTLE Analysis & Macroeconomic Trends Market Research Report" to their website www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 03/29/2019 --Lebanon has been in an economic struggle for years, with GDP growth running at a dismal 1% to 2% annually since 2011. The Syrian war at their door is the obvious cause for this crisis. Downfall of economy has hurt the banking and tourism industries that are the mainstay of the economy.

Lebanon, officially the Lebanese Republic, is a democratic republic country bordering the East Mediterranean Sea. It is bordered by Syria to the north and east and Israel to the south. Lebanon's location at the crossroads of the Mediterranean Basin and the Arabian hinterland has dictated its rich history and shaped a cultural identity of religious and ethnic diversity. The urban population in Lebanon is noted for its commercial enterprise. Emigration has yielded Lebanese commercial networks throughout the world. Remittances from Lebanese abroad total $8.2 billion and account for one fifth of the country's economy. Lebanon has the largest proportion of skilled labor among Arab States, and almost 65% of the Lebanese workforce attain employment in the services sector.

Lebanon had estimated population of 4.597 million in the year 2016 and expected to reach 4.869 million by 2022, growing at a CAGR of 0.96%.

Lebanon's real gross domestic product (GDP) was around LBP 63387.80 billions in 2016 whereas the nominal GDP was LBP 78376.69 billions. This resulted in GDP deflator 123.646. Per capita GDP was estimated at USD 11308.91 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 18524.56.

In 2016, Lebanon government's revenue was LBP 14678.08 billions whereas the expenditure was LBP 21028.08 billions. This resulted Lebanon government's net lending / borrowing negative at LBP 6350 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Lebanon was estimated to be negative at USD 8.305 billions for the year 2016 and is expected to decline at a CAGR of 1.26% and reach USD 8.533 by 2022. This negative current account balance indicates the Lebanon is a net borrower from the whole world.

Scope of Lebanon PESTLE Analysis & Macroeconomic Trends
This report provides information about key macroeconomic indicators for Lebanon
This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Lebanon.

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