East Mediterranean

Lebanon

Lebanon’s corrupt and inefficient government has long hindered development. The new government is talking a good game – particularly on powergen – but real reforms are needed to right the ship.

State of Play

Lebanon is dreaming of gas riches with a Total-led consortium set to drill in 2019. However the country faces more pressing concerns. Donors contributed $12bn at April’s Cedre conference in Paris, in hope to benefit Lebanon's creaky infrastructure and troubled economy. But the government does have to first overcome widespread corruption.

2019 In Numbers
Peak Load 2.1 GW
GDP 56.7 $bn
Growth 1 %GDP
Debt 85.4 $bn
Debt to GDP 149 %
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SELECTED DATA

1: Lebanon GDP Growth Has Been Barely Positive In Recent Years Whilst Debt Has Soared

2: Lebanon Budget Balance ($Bn): Spending Was A Whopping 54% Higher Than Revenue For 2018 With The Key Outlays On Government Salaries And Interest Payments

3: Lebanon's Current Account Deficit ($Bn) Has Ballooned. Inflows From Remittances, Tourism And FDI Have Flatlined Whilst Spending On Imports Has Continued To Grow

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