What is the main industry in Lebanon?
Economy of Lebanon
| Statistics | |
|---|---|
| Unemployment | 6.2% (2019) |
| Main industries | banking, tourism, real estate and construction, food processing, wine, jewelry, cement, textiles, mineral and chemical products, wood and furniture products, oil refining, metal fabricating |
| Ease-of-doing-business rank | 143rd (medium, 2020) |
| External |
What is the biggest bank in Lebanon?
Bank Audi Bank
Bank Audi. Bank Audi is the largest of the banks in Lebanon, based on customers’ deposits, total assets, shareholders’ equity, loans, and advances. It offers a diversified range of financial products and services in personal banking, business banking, and private banking segments.
How many banks are there in Lebanon?
63 banks
There are 63 banks operating in Lebanon with more than 1,000 branches and 25,000 employees.
Is Lebanon rich in resources?
Lebanon has various mineral products which include limestone, gypsum, oil, natural gas, and salt. Other important commodities include semiprecious gemstones and pearls among others.
What rank is Lebanon economy?
12th among
Lebanon is ranked 12th among 14 countries in the Middle East and North Africa region, and its overall score is below the regional and world averages. The Lebanese economy is rated mostly unfree for the ninth year in a row. Lebanon’s already feeble political institutions were further weakened in 2020.
Who owns the Lebanese banks?
It currently owns 99.37% of the shares of Lebanon’s national carrier, Middle East Airlines….
| Banque du Liban | |
|---|---|
| Headquarters | Beirut, Lebanon |
| Reserves | 38 440 million USD |
| Bank rate | 2.75% |
| Interest on reserves | 4.00% |
Who owns banks in Lebanon?
| Banque du Liban | |
|---|---|
| Headquarters | Beirut, Lebanon |
| Ownership | 100% state ownership |
| Governor | Riad Salameh |
| Central bank of | Lebanon |
Who owns Bank of Beirut?
Board of directors
| Chairman, CEO | Salim G. Sfeir |
|---|---|
| Vice Chairman | Adib S. Millet |
| Member | Antoine A. Abdel Massih |
| Member | H.E. Anwar El Khalil |
| Member | Architect Rashid Al Rashid |
How bad is Lebanon’s economy?
In fact, Lebanon’s GDP plummeted from about US$55 billion in 2018 to a projected US$20.5 billion in 2021, while real GDP per capita fell by 37.1%. Such a brutal contraction is usually associated with conflicts or wars. Meanwhile, inflation rate averaged 131.9% over the first six months of 2021 (6M-2021).