Economic Research | Lebanon This Week | Lebanon This Week 563 | Real GDP growth rate at 1.6% in 2016 and 0.6% in 2017 according to national accounts | Lebanon | Byblos Bank

You are being redirected to .

 

Please Rotate your screen to portrait, for best viewing.

Byblos Bank

Lebanon This Week 563

|

Real GDP growth rate at 1.6% in 2016 and 0.6% in 2017 according to national accounts

The Central Administration for Statistics (CAS) released national economic data that covers official figures for gross domestic product (GDP) and its structure and components for 2017, and revised its previous figures for the 2012-16 period. The CAS indicated that its national accounts figures include the informal sector that it estimated at around 30% of recorded output, even though the precise level is uncertain. Further, the CAS stated that its estimates are subject to a wide range of uncertainty. It added that the uncertainty derives from the lack of regular surveys and detailed data on the cost of production, consumer spending, employment, visitors' expenditures and other transactions. It cautioned that its figures are not as accurate as national accounts are supposed to be. 

The CAS estimated economic growth at 0.6% in real terms in 2017, while it reduced Lebanon's real GDP growth rate for 2016 to 1.6% from 1.7% previously. Household consumption contributed 3.6 percentage points and government consumption contributed 0.8 percentage points to real GDP growth in 2017, while gross capital formation did not contribute to real GDP growth last year. In parallel, imports of goods and services had a negative contribution of -3 percentage points, while exports of goods and services had a negative contribution of 0.8 percentage points to real GDP growth in 2017.
 
Cookies Information

To optimize this website's functionality, we may utilize cookies, which are small data files stored on your device. This common practice helps improve your browsing experience.

Privacy settings

Choose which cookies you wish to enable.
You can change these settings at any time. However, this can result in some functions no longer being available. For more information on deleting cookies, please consult your browser help function.
LEARN MORE ABOUT THE COOKIES WE USE.

Use the slider to enable or disable various types of cookies:

Necessary
Functionality
Analytics
Marketing

This website will:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location

This website won't:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location


Save And Close