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Lebanon
Chamber of Commerce Country Factsheet Last update: 08.08.2017

Your advisors at the Chamber of Commerce

  • Edith Stein
    +352423939482
  • Daniel Sahr
    +352423939313
Contact us: middleeast@cc.lu

Key Indicators

Area
10,400 km2
Population
6,237,738 (July 2016 est.)
Government type
republic
Languages
Arabic (official), French, English, Armenian
GDP
$85.16 billion (2016 est.)
Growth rate
1% (2016 est.)
HDI
67
Capital
Beirut

 

Introduction

Following World War I, France acquired a mandate over the northern portion of the former Ottoman Empire province of Syria. The French demarcated the region of Lebanon in 1920 and granted this area independence in 1943. Since independence the country has been marked by periods of political turmoil interspersed with prosperity built on its position as a regional center for finance and trade. The country's 1975-90 civil war that resulted in an estimated 120,000 fatalities, was followed by years of social and political instability. Sectarianism is a key element of Lebanese political life. Neighboring Syria has long influenced Lebanon's foreign policy and internal policies, and its military occupied Lebanon from 1976 until 2005. The Lebanon-based Hizballah militia and Israel continued attacks and counterattacks against each other after Syria's withdrawal, and fought a brief war in 2006. Lebanon's borders with Syria and Israel remain unresolved.

Source: The CIA World Factbook - Lebanon

 

Macroeconomic indicators

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
2.0001.0001.0002.0002.500
Gross domestic product, current prices
U.S. dollars (Billions)
49.91450.80751.81553.36655.624
Gross domestic product per capita, current prices
U.S. dollars (Units)
11,066.70711,157.45111,270.57411,497.45911,869.960
Inflation, average consumer prices
Percent change
1.854-3.749-0.7012.0002.000
Volume of imports of goods and services
Percent change
-0.8436.6466.9533.1412.239
Volume of exports of goods and services
Percent change
-5.9319.2774.6743.1493.648
Current account balance
U.S. dollars (Billions)
-14.010-10.652-10.556-10.983-11.399
Current account balance
Percent of GDP
-28.068-20.966-20.372-20.581-20.494
Colored cells are estimates

Source: IMF Statistics - Lebanon

 

 

 

Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

None

Air Services agreement

- Agreement from 18.7.2001
Not ratified by Luxembourg yet (Transport for preparing the explanatory statement)

Source: Administration des contributions directes

 

Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Lebanon

Attaché Economic and Commercial (B.E.)

Attaché Economic and Commercial with jurisdiction in Lebanon, Cyprus, Jordan:  

Mrs. Nada ABDUL RAHIM

B.P. 11-9555 Beyrouth
Riad El Solh 1107 2290
Immeuble Azarieh- Bloc A
Rue Emir Bechir
Centre Ville

Phone: +961 1 97 60 08
Fax: +961 1 97 60 09
E-mail: bruxelles(at)inco.com.lb

Honorary consul

Honorary Consul with jurisdiction over the Lebanese Republic:                           

Mr.Jacques RAPHAEL

Centre Tayar
Sin el Fil
Beirut, Lebanon
P. O. Box: 55614 Sin el Fil
165405 Ashrafieh

Tel: + 961 1485790
Fax: + 961 1485799
Email: consulux(at)sista-group.com 

Source: www.mae.lu 
Source: http://www.brussels-export.be

Country risk as defined by Office du Ducroire for Lebanon

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: The Ducroire Office - Country Risk for Lebanon

Oher useful links: