IMF................................................WB.......................................................CIA
rank/measure.................................rank/measure.......................................rank/measure
67/6,560....................................60/5,858................................................70/6,277
Lebanon’s economic freedom score is 59.5, making its economy the 91st freest in the 2013 Index. Its score has decreased by 0.6 point since last year, primarily due to declines in property rights, business freedom, and labor freedom. Lebanon is ranked 10th out of 15 countries in the Middle East/North Africa region, and its overall score is just below the world average.
The Lebanese economy has registered fragile progress toward greater economic freedom over the past five years. Regulatory inefficiency, exacerbated by political volatility, curbs private-sector development. Despite some improvement in streamlining business formation, government bureaucracy and the lack of transparency create a poor entrepreneurial climate.
Implementation of deeper institutional reforms to improve the foundations of economic freedom is critical to Lebanon’s prospects for long-term economic development and greater poverty reduction. Systemic weaknesses persist in the protection of property rights and effective enforcement of anti-corruption measures. The judiciary remains vulnerable to political influence.
The economy of Lebanon is a developing economy, with a private sector that contributes to 75% of aggregate demand and a large banking sector that supports this demand.IMF forecast a growth of 7% for Lebanon's real GDP in 2010 and 2011 following 9% growth in 2009 and 8.5% in 2008 it has 54th richest GDP per capita in the world it is forecasted that Lebanon per capita will be 19,100 by 2015 which makes it one of the strongest in the region.
The
The major industrial sectors include metal products, banking, agriculture, chemicals, and transport equipment. Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement.
