Here is your first Forum » Economy of Lebanon

dude The gap between the richest and poorest citizens in this country is quite palpable. Lebanon has a Human Development Index (HDI) of 0.765. Lebanon has a high HDI value. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Lebanon is 2,623. The strength of the legal index for Lebanon is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.

Currency
The currency of Lebanon is the Lebanese pound. The plural form of the word Lebanese pound is pound. The symbol used for this currency is ل.ل and is abbreviated as LBP. The Lebanese pound is divided into piastre; there are 100 in a pound.

Credit rating
The credit rating depth index for Lebanon is 6, which means that the information is mostly sufficient and fairly detailed. Accessibility is not a problem. According to the rating agency S&P, Lebanon has a credit rating score of B and the prospects for this rating are stable. According to the rating agency Fitch, Lebanon has a credit rating score of B and the prospects for this rating are stable. According to the rating agency Moody's, Lebanon has a credit rating of B1 and the prospects for this rating are stable.

Central bank
In Lebanon, the institution that manages the state's currency, money supply and interest rates is called the Banque du Liban. Locally, the central bank of Lebanon is called مصرف لبنان. The average interest rate on deposits offered by local banks in Lebanon is 5.9%.

National debt
Lebanon has a public debt equal to 85.3% of the country's gross domestic product (GDP) as estimated in 2012.

Tax information
Corporate tax in Lebanon is 15%. Personal income tax ranges from 2% to 20% depending on your specific situation and income level. The VAT in Lebanon is 10%.