Economic Research | Lebanon This Week | Lebanon This Week 544 | Lebanon ranks 101st globally, 11th in Arab region in country risk in second quarter of 2018 | Lebanon | Byblos Bank

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Lebanon This Week 544

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Lebanon ranks 101st globally, 11th in Arab region in country risk in second quarter of 2018

In its quarterly survey of the country risk level in 186 countries, the Euromoney Group ranked Lebanon in 101st place worldwide and in 11th place among 19 Arab countries in the second quarter of 2018. Also, Lebanon came in 29th place among 53 upper middle-income countries (UMICs) included in the survey. Lebanon's global rank regressed by four spots from the first quarter of 2018, while it regressed by one spot quarter-on-quarter regionally. The survey evaluates individual country risk by assigning a weighting to six categories that cover Political Risks, Economic Performance, Access to Bank Finance & Capital Markets, Debt Indicators, Credit Ratings, and Structural Assessment. A higher score reflects a lower country risk level. 

Globally, Lebanon had a lower country risk level than Kenya, Tanzania and Ethiopia, and a higher risk level than Gabon, the Dominican Republic and Egypt among economies with a GDP of $10bn or more. It also ranked ahead of Ecuador and Algeria, and came behind Gabon and the Dominican Republic among UMICs. Lebanon's global rank regressed by two spots on the Credit Ratings category in the second quarter of 2018 from the preceding quarter, and by one notch on each of the Political Risks and Structural Assessment categories, while it was unchanged on each of the Economic Performance, Debt Indicators and the Access to Bank Finance & Capital Markets factors. 

Lebanon received a score of 37.6 points in the second quarter of 2018, nearly unchanged from 37.8 points in the preceding quarter. Lebanon's score came below the global average score of 43.2 points and the average score of 38.9 points for UMICs and of 39.2 for Arab countries. Also, its score was lower than the Gulf Cooperation Council (GCC) countries' average score of 58.8 points, but it came above the average score of non-GCC Arab countries of 30.1 points.
 
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