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
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This report contains detailed forecasts and analysis for Lebanon, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...
The new unity government formed on December 18 under PM Saad Hariri has been a boost to political stability and an important step towards improving political effectiveness. But despite some modest successes ...