ECONOMIC INFORMATION
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Population - 4.4m
Population growth - 1.26%
GDP (current US$) - $17.29bn (2002)
GDP per capita - $3,894
GDP per capita on a purchasing price parity basis - $5,112
GDP growth - 1.0% (2002)
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Industrial production growth - n/a
Inflation (12-month average) - 2.5% (2002)
Exports of goods and services as % of GDP - 13.9%
Top 3 export markets - Saudi Arabia, UAE, Switzerland
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Pound (-0.3%)
WEF Growth Competitiveness ranking * - 83/102
WEF Business Competitiveness ranking ** - 66/95
Local industries - Banking, food processing, jewellery, cement; textiles, mineral & chemical products, wood & furniture products, oil refining, metal fabricating
Languages- Arabic (official), French, English and Armenian
GOVERNANCE
World Bank Governance Matters III ***
Political stability - -0.59
Government effectiveness - -0.41
Regulatory quality - -0.47
Rule of law - -0.27
Control of corruption - - 0.34
Economic Freedom ranking - 94/165
UN Human Development Index ranking - 83/175
FDI INFORMATION
Region - Levant
No. of projects (Jan-Sep 2003) - 20
Market-share of projects in the region - 16.1%
Value of projects relative to GNP - 100.0%
Top 3 destination sectors - Hotels, Tourism & Leisure, Real Estate,
Food & Drink
Top 3 source countries - UAE, USA, UK
Top 3 investors - al-Habtoor Group, Cupola Group,International Theme Park Services
IPA
Name - Investment Development Authority of Lebanon
Web address - www.idal.org
Telephone +961 1 983 306/7/8 * World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance