Monday, July 2, 2018

Lebanon


Lebanon has a population of 6 million people and a land mass of 4000 square miles. Labor force is 2.166 million, Unemployment was 7.26%

In 2017, Lebanon had a nominal GDP of $55 billion, a nominal per capita GDP of $15,000,
GDP by sector was services 73.3% industry 21% and agriculture 5.7%

Main industries include banking, tourism, winery, food processing, jewelry, cement textiles, mineral and chemical products, wood and furniture products.

Exports were $4.051 billion including authentic jewelry, inorganic chemicals, consumer goods, fruit, tobacco, construction materials, electric power machinery and switchgear, textile fibers and paper sold to South Africa 21%, Saudi Arabia, UAE, Syria and Iraq,

Imports were $18.05 billion including petroleum products, cars, medical products, clothing, meat and live animals, consumer goods, paper, textile fabrics and tobacco from China, Italy, Germany, Greece and Egypt.

Government debt was 29.02 billion or 132% of GDP. Government revenues were $12.133 billion, expenses were $17.456 billion, External debt was $37 billion, foreign reserves were $48.6 billion

Norb Leahy, Dunwoody GA Tea Party Leader


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