Key Facts

GDP (ppp) per CAPITA

$11,100 (2008 est.)

Inflation Rate

10% (2008 est.)

Population

4,017,095 (July 2009 est.)

Country Risk Ratings

C

Ease of Doing Business

99/181

Country Map

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gE Network

There are 8 members in the
gE Network for this country.

Lebanon : Introduction

Following the capture of Syria from the Ottoman Empire by Anglo-French forces in 1918, France received a mandate over this territory and separated out the region of Lebanon in 1920. France granted this area independence in 1943. A lengthy civil war (1975-1990) devastated the country, but Lebanon has since made progress toward rebuilding its political institutions. Under the Ta'if Accord - the blueprint for national reconciliation - the Lebanese established a more equitable political system, particularly by giving Muslims a greater voice in the political process while institutionalizing sectarian divisions in the government. Since the end of the war, Lebanon has conducted several successful elections. Most militias have been disbanded, and the Lebanese Armed Forces (LAF) have extended authority over about two-thirds of the country. Hizballah, a radical Shi'a organization listed by the US State Department as a Foreign Terrorist Organization, retains its weapons. During Lebanon's civil war, the Arab League legitimized in the Ta'if Accord Syria's troop deployment, numbering about 16,000 based mainly east of Beirut and in the Bekaa Valley. Israel's withdrawal from southern Lebanon in May 2000 and the passage in October 2004 of UNSCR 1559 - a resolution calling for Syria to withdraw from Lebanon and end its interference in Lebanese affairs - encouraged some Lebanese groups to demand that Syria withdraw its forces as well. The assassination of former Prime Minister Rafiq HARIRI and 20 others in February 2005 led to massive demonstrations in Beirut against the Syrian presence ("the Cedar Revolution"), and Syria withdrew the remainder of its military forces in April 2005. In May-June 2005, Lebanon held its first legislative elections since the end of the civil war free of foreign interference, handing a majority to the bloc led by Saad HARIRI, the slain prime minister's son. Lebanon continues to be plagued by violence - Hizballah kidnapped two Israeli soldiers in July 2006 leading to a 34-day conflict with Israel. The LAF in May-September 2007 battled Sunni extremist group Fatah al-Islam in the Nahr al-Barid Palestinian refugee camp; and the country has witnessed a string of politically motivated assassinations since the death of Prime Minister Rafiq HARIRI. Lebanese politicians in November 2007 were unable to agree on a successor to Emile LAHUD when he stepped down as president, creating a political vacuum until the election of Army Commander Michel SULAYMAN in May 2008 and the formation of a new cabinet in July 2008.

Lebanon: The Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (CCIABML)

The Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon seeks to promote all sectors and activities of the private economy in Lebanon. The web site publishes statistical data on economical indicators (Some data is in Arabic only), information on business opportunities in Lebanon, and publications of the organization.

Lebanon: Banc du Liban

Banc du Liban is the legal public entity vested by law to issue the national currency. Its general mission is to safeguard the national currency in order to ensure the basis for sustained social and economic growth. The web site has financial and market information as well as exchange rates.

Lebanon: Beirut Stock Exchange

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (January 2009)