Lebanon
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Lebanon
Issuer
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Beirut
Lebanon
Arabic, French
5,353,930
LBP
Lebanese Pound
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Document checklist:
<Economy>
Lebanon's economy has been in a state of decline in recent years. According to the World Bank, the country's GDP growth rate has dropped from 4.2% in 2018 to -12.2% in 2019. This is largely due to the political and economic crisis that has been gripping the country since October 2019. The country's unemployment rate has also risen from 8.3% in 2018 to 25.2% in 2019. Inflation has also been on the rise, with the consumer price index increasing from 4.2% in 2018 to 8.2% in 2019. The country's public debt has also increased significantly, reaching a staggering 170.2% of GDP in 2019. These figures demonstrate the severity of the economic crisis in Lebanon and the urgent need for reform.