Lebanon's Macroeconomic Statistics
The markets and economy of Lebanon are developing, and it is also open. The Lebanese economy has a large banking sector, equal to more than two and a half times its economic sector. Here are some more macroeconomic statistics for Lebanon.
The country reported a human poverty index of seven percent in the 2009 HDI report, ranking it in 33rd place worldwide. The most recent IMF forecast predicted a growth of 7% for Lebanon's GDP in 2010-2011.
Real Gross Domestic Product (in billions of pounds)
28,602 (2008) 31,181.30 (2009) 33,052.18 (2010)
Real GDP Growth Rate (in percentage)
-6.0680 (2008) 9.017 (2009)
Inflation Rate (GDP price deflator, in percentages)
8.000 (2008) 4.499 (2009) 4.043 (2010)
Exchange rates (in US Dollars)
1,507.50 (2008) 1,556.83 (2009) 1,608.93 (2010)
The country of Lebanon is lacking in the fundamentals of macroeconomics, and it does not fare much better in its financial and market infrastructure categories. However, ongoing reform is being reported. The Central Bank has also approved a plan for creating a settlement system that complies with international regulations. Also, the US Department of Commerce indicates that Lebanon's financial sector is sound, and in line with the Bank for International Settlements standards.
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