LEBANON'S ECONOMY

Lebanon's economy and markets are one of the best developing economies in the world. The private sector contributes to around 75% of aggregate demand,and is a major pillar for growth and recovery. The Lebanese economy is also considered as a typical open economy with a large banking sector equivalent to more than 2.5 times its economic sector and provides an important support to aggregate demand.

Lebanon recorded a Human Poverty Index of 7% in the 2009 HDI report which ranks it in the 33rd place in the world.

Macro-economic trend

This chart calculated by the International Monetary Fund with figures in millions of Lebanese Pounds describes the product of Lebanon at market prices :

(the following list is copy pasted)

Year	Gross Domestic Product	US Dollar Exchange	Inflation Index (2000=100)
1980	14,000	3.43 Lebanese Pounds	0.071
1985	59,329	16.41 Lebanese Pounds	0.21
1990	1,973,000	695.20 Lebanese Pounds	18
1995	18,027,607	1,621.33 Lebanese Pounds	81
2000	25,143,000	1,507.46 Lebanese Pounds	100
2005	33,243,000	1,507.48 Lebanese Pounds	106

Effects of the Late 2000s Economic Crisis

Lebanon's stock market increased in 2008.And it is considered one of the only seven countries in the world in which the value of it's market is increasing. The Lebanese economy grew 8.5 percent in 2008 and seven percent in 2009. Since Lebanon enjoyed solid economic performance despite a global recession, the World Bank expects continued growth as the global economy improves in 2010. According to a report by the World Bank,Gross Domestic Product (GDP) growth in 2010 should remain steady at seven percent.

http://en.wikipedia.org/wiki/Economy_of_Lebanon