Lebanon Faces Severe Trade Deficit and Economic Imbalance

Liliane Mokbel, 05/04 12:00 - Reading : less than a minute

lebanon crisis imports GDP deficit

Lebanon's trade deficit in 2024 reached $14.2 billion, accounting for approximately 50% of the country's GDP. This level, one of the highest in the world, is alarming and reflects the magnitude of the country's economic imbalances. According to statistics from the Higher Council of Customs, imports declined by 3.5%, totaling $16.9 billion, while ...