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Lebanon has a free-market economy and a strong laissez-faire commercial tradition. The government does not restrict foreign investment; however, the investment climate suffers from red tape, corruption, arbitrary licensing decisions, high taxes, tariffs, and fees, archaic legislation, and weak intellectual property rights. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. The 1975-90 civil war seriously damaged Lebanon's economic infrastructure, cut national output by half, and all but ended Lebanon's position as a Middle Eastern entrepot and banking hub. In the years sinc...  More..

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Economy of Lebanon
SOURCE: CIA - The World Factbook
Currency Lebanese Pound
Fiscal Year 01 January - 31 December
GDP (PPP) $53.68 billion (2009 est.)
GDP (per capita) $13,100 (2009 est.)
Exports $3.5 billion (2009)
Imports $16.25 billion (2009 est.)
Main Industries Banking, Tourism, Food Processing, Wine, Jewelry, Cement, Textiles, Mineral and Chemical Products, Wood and Furniture Products, Oil Refining, Metal Fabricating
Exports - Commodities Jewelry, Base Metals, Chemicals, Miscellaneous Consumer Goods, Fruit and Vegetables, Tobacco, Construction Minerals, Electric Power Machinery and Switchgear, Textile Fibers, Paper
Imports - Commodities Petroleum Products, Cars, Medicinal Products, Clothing, Meat and Live Animals, Consumer Goods, Paper, Textile Fabrics, Tobacco, Electrical Machinery and Equipment, Chemicals
Exports Partners Switzerland 22%, UAE 10%, Iraq 8%, Saudi Arabia 7%, Syria 6% (2009 est.)
Imports Partners US 11%, France 10%, China 9%, Italy 8%, Germany 8%, Turkey 4%, Germany 4% (2009 est.)

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