General Information

Lebanon, officially known as the Lebanese Republic, is a sovereign state in Western Asia. It is bordered by Syria to the north and east and Israel to the south, while Cyprus is west across the Mediterranean Sea.

Population

The total population in Lebanon was estimated at 6.0 million people in 2016, according to the latest census figures.

Political Structure

Modern Lebanon is a unitary multiparty republic with a parliamentary system of government. Its constitution, promulgated in 1926 during the French mandate and modified by several subsequent amendments, provides for a unicameral Chamber of Deputies (renamed the National Assembly in 1979) elected for a term of four years by universal adult suffrage (women attained the right to vote and eligibility to run for office in 1953). According to the 1989 Ṭāʾif Accord, parliamentary seats are apportioned equally between Christian and Muslim sects, thereby replacing an earlier ratio that had favoured Christians.

Infrastructure and Economy

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.

2016 was a positive year for Lebanon fueled by a general level of optimism brought forward by the election of a President and the formation of a government. Foreign Direct Investments (FDI) flows to Lebanon jumped by the end of 2016 to reach 2.56 USD billion, a 2% increase from 2015 levels reflecting continuous confidence in our economy despite the many challenges faced by the region overall.

Language

Arabic is the official national language. A law determines the cases in which the French language is to be used.

Currency

The Lebanese Pound is the currency of Lebanon.

Send this to a friend