Talk:Economy of Lebanon

Growth of GDP

Saying the GDP increase 353% is very misleading. The real GDP increased by significantly less than that; look at the devaluation of the pound relative to the dollar. May I change this statistic to measure real GDP? User:Patrick Brisebois 18:59, 14 July 2006 (UTC)

Economic statistics

The economic statistics(With no cited source) are from the CIA World Factbook. More recent statistics are available here: https://www.cia.gov/library/publications/the-world-factbook/geos/le.html#Econ --66.168.236.108 05:24, 27 January 2007 (UTC)

Fair use rationale for Image:Lebanoncurr.jpg

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outdated erroneous info

I removed this vitriolic and incorrect paragraph concerning the economy in recent years.

"Lebanon, known as a developing nation, has been identified as a heavily indebted country with an economy that is “service oriented and greatly relies on foreign aid and borrowing”(Central Intelligence Agency) With the recent violent acts and the general political instability that refuses to go away, the Lebanese economy has not been able to achieve economic growth. Hence, the “ public debt began to accumulate and now it has reached the horrendous ratio about 170% of public debt to GDP, which is one of the highest-if not the highest in the world”(Gloomy outlook for Lebanese economy). In addition, as the country “ copes with a particular mixed sectarian tensions and dangerous politics” (Williams) more and more Lebanese are leaving the country, to try to find “ tranquility and higher-paying employment” (Williams). Thus, the high public debt, the lack of economic growth and the mixed sectarian tensions and dangerous politics are the root causes of Lebanon’s high unemployment."

Lebanon is not a "heavily indebted nation" and I think 9% GDP growth average for 2007-1010 period refutes the claim that "the Lebanese economy has not been able to achieve economic growth"; The public debt at its highest level was 168% of the GDP after the 2006 war and currently constitues 138% of GDP, so much for " public debt began to accumulate and now it has reached the horrendous ratio about 170% of public debt to GDP, which is one of the highest-if not the highest in the world". Not to mention that the refrenced article is dated 2007/10/9. —Preceding unsigned comment added by 80.92.53.65 (talk) 19:14, 9 December 2010 (UTC)

References

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Resources

Nice article here for whoever's interested: http://www.hktdc.com/info/mi/a/hkthk/en/1X07J3Q1/1/Hong-Kong-Trader-Hong-Kong-Edition/Jewel-Of-The-Middle-East.htm —Biosketch (talk) 11:49, 5 February 2012 (UTC)

External link to tariff data

Hello everyone, I am working for the International Trade Centre (ITC), a UN/WTO agency that aims to promote sustainable economic development through trade promotion. I would like to propose the addition of an external link (http://www.macmap.org/QuickSearch/FindTariff/FindTariff.aspx?subsite=open_access&country=422&source=1%7CITC) that leads directly to our online database of customs tariffs applied by Lebanon. Visitors can easily look up market access information for Lebanon by selecting the product and partner of their interest. I would like you to consider this link under the WP:ELYES #3 prescriptions. Moreover, the reliability and the pertinence of this link can be supported by the following facts 1) ITC is part of the United Nations, and aims to share trade and market access data on by country and product as a global public good 2) No registration is required to access this information 3) Market access data (Tariffs and non-tariff measures) are regularly updated

Thank you, Divoc (talk) 09:43, 28 December 2015 (UTC)

history section

I invite voluntaries to start enriching the history section.

Given that Lebanon has a rich economic history starting with the phoenicians, and given that economics and trade were major drives for the phoenician expansion I think that the history section should be enriched. We should also cover the impact of the diaspora (or diasporaS given that emigration at different periods impacted the country in different ways) on Lebanon across the ages. Also the local silk industry was once a major economic sector and should definitely be mentioned. Other topics that could be mentionned are Phoenician dyes, commerce of cedar wood ( temple of Jerusalem, Gilgamesh epic ), phoenician expansion in the Mediterranean and the introduction of wine to the rest of the Mediterranean world (this is already documented in the wikipedia article).

Note that for countries with a more active community of editors the economic history is treated an independent topic with its own page, but we don't have enough content to justify a stand-alone page, as of now. Nevertheless the topic is definitely worth discussing, and if the history section becomes rich enough we should definitely consider moving the whole section to its own article.

Any historical factor that continue to have a strong impact on today's economy should stay in the current article though. --equitor (talk) 06:38, 6 February 2019 (UTC)

GDP

It’s no longer an upper middle income economy but rather a lower middle income economy with around 2700$ as its per capita Nlivataye (talk) 05:56, 9 November 2020 (UTC)