Country Report Lebanon January 2011

Economic performance: GDP figures for 2009 show rise in private investment

In December the government released national accounts figures for 2009. These put GDP at L£52.65trn (US$34.9bn), with real growth of 8.5% in 2008. The figures suggested that in 2009 private consumption grew by 8.3%, compared with 9.5% in 2008, and public consumption rose by 8.6%, unchanged from 2008. Private investment grew by 38.1% in 2009, up from 20.4% in 2008. Public investment rose by 8.4% in 2009, compared with a decline of 5.9% in 2008. The figures therefore underpinned other indicators that have shown a strong rise in growth led by private-sector investment in recent years. The figures were the latest in a series produced with technical assistance from the Institut national de la statistique et des études économiques, the French national statistics office.

© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
IMPRINT