LBCI

1997-2023: A $311 billion trade deficit

Press Highlights

2024-02-28 | 01:23

Share

Share

1997-2023: A $311 billion trade deficit

The trade deficit reached $311 billion from 1997 to 2023. This is because the Lebanese economy relies on imports.

Between 1997 and 2023, Lebanon imported a total of $390 billion while exporting only $79 billion. This pattern raises an obvious question: where did the funding for this massive trade deficit come from?

According to "Al-Akhbar," Lebanon's external account figures indicate that the trade deficit was covered by remittances from expatriates abroad, capital investments (mostly in real estate and for specific periods), funds invested in foreign sovereign debt, in addition to bank transfers (deposits). Deposits bore the brunt of this coverage, resulting in huge losses in the banking sector.

Lebanon News

Lebanon Economy

Press Highlights

Trade Deficit

Lebanon

Economy

Funds

Exports

Imports

Next

Parliament Speaker Berri affirms: Lebanon will have a president on January 9

Recommended For You

Parliament Speaker Berri affirms: Lebanon will have a president on January 9

2024-12-10

Parliament Speaker Berri affirms: Lebanon will have a president on January 9

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Carlos Ghosn tells LBCI: Lebanon is my country; I am confident in its potential for reform

2024-12-24

Carlos Ghosn tells LBCI: Lebanon is my country; I am confident in its potential for reform

UNIFIL says any actions threatening fragile cessation of hostilities must stop

04:49

UNIFIL says any actions threatening fragile cessation of hostilities must stop

Netanyahu on Lebanon's drone strike hitting his Caesarea residence: We will continue until the end, nothing will deter us

Middle East News

2024-10-19

Netanyahu on Lebanon's drone strike hitting his Caesarea residence: We will continue until the end, nothing will deter us

US evacuates approximately 145 additional individuals from Lebanon

2024-10-06

US evacuates approximately 145 additional individuals from Lebanon

Videos

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

2024-12-24

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

Car runs over security officer in Beirut, Lebanon (Video)

2024-12-21

Car runs over security officer in Beirut, Lebanon (Video)

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

2024-12-20

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

Inside Tartus Port: Russia's strategic naval presence in the Middle East

News Bulletin Reports

2024-12-16

Inside Tartus Port: Russia's strategic naval presence in the Middle East

Destruction and aftermath: Syrian coast sees largest Israeli attack in over a decade

News Bulletin Reports

2024-12-16

Destruction and aftermath: Syrian coast sees largest Israeli attack in over a decade

LBCI reports from Bmalkah in Tartus following Israeli airstrikes

Middle East News

2024-12-16

LBCI reports from Bmalkah in Tartus following Israeli airstrikes

LBCI Reports: Lebanese General Security divides Syrian refugees into three categories at Masnaa border

2024-12-13

LBCI Reports: Lebanese General Security divides Syrian refugees into three categories at Masnaa border

LBCI visits Sayyida Zaynab shrine as calm returns to Damascus (Video)

Middle East News

2024-12-12

LBCI visits Sayyida Zaynab shrine as calm returns to Damascus (Video)

Video shows Lebanese army deploying in South Lebanon's Khiam as Israeli forces withdraw

2024-12-12

Video shows Lebanese army deploying in South Lebanon's Khiam as Israeli forces withdraw

Most read

24 hours

7 days

Month

Haaretz cites Israeli army sources: "We will Stay in Lebanon until the Lebanese Army fully controls the South"

1

Haaretz cites Israeli army sources: "We will Stay in Lebanon until the Lebanese Army fully controls the South"

Israeli army prioritizes Lebanon front, threatens continued strikes and expands operations in Syria

2

Israeli army prioritizes Lebanon front, threatens continued strikes and expands operations in Syria

Around 11,000 Lebanese stranded in Iraq await clear path for return

3

Around 11,000 Lebanese stranded in Iraq await clear path for return

Israeli army abducts Lebanese citizen in South Lebanon

4

Israeli army abducts Lebanese citizen in South Lebanon

Lebanese Army reinforces deployment following Israeli violations in the South

5

Lebanese Army reinforces deployment following Israeli violations in the South

Lebanon’s Energy Minister meets Turkey’s new Ambassador to discuss enhanced cooperation

6

Lebanon’s Energy Minister meets Turkey’s new Ambassador to discuss enhanced cooperation

UNIFIL says any actions threatening fragile cessation of hostilities must stop

7

UNIFIL says any actions threatening fragile cessation of hostilities must stop

FM Bou Habib contacts Syrian counterpart: We seek strong ties with Syria's new government to serve both peoples' interests

8

FM Bou Habib contacts Syrian counterpart: We seek strong ties with Syria's new government to serve both peoples' interests

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More