Imports$19.89 billion (2011 est.)
Exports$5.482 billion (2011 est.)
Inflation rate (consumer prices)5.1% (2011 est.)
GDP - per capita (PPP)$15,700 (2011 est.)
National product real growth rate7.2% (2010 est.)
Internet users1 million (2009)
Telephones - mobile cellular2.875 million (2009)
Population growth rate-0.38% (2012 est.)
Population4,140,289 (July 2012 est.)
Following World War I, France acquired a mandate over the northern portion of the former Ottoman Empire province of Syria.
The French separated out the region of Lebanon in 1920, and granted this area independence in 1943.
A lengthy civil war (1975-90) devastated the country, but Lebanon has since made progress toward rebuilding its political institutions....
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 Economist Intelligence Unit
Outlook for 2015-19 Lebanon's government balances the competing March 8th and March 14th political factions, along with a neutral bloc. This inherent instability will impair the coherence of policymaking ...
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