Capital arrivals to Lebanon drop 27 percent in Jan
23 Mar 2016
(MENAFN) Capital inflows to Lebanon in Jan 2016 recorded a decline of 27.3 percent compared to 2015, while financial inflows decreased from USD 811mn in Jan 2015 to USD 589mn.
Moreover, half of the capital arrivals come from the oil-rich Gulf Arab states, where more than 500,000 Lebanese expatriates work.
However, the fall in financial inflows coupled with a 20 percent increase in trade deficit extended the balance of payments deficit from USD 280mn in 2015 to USD 790mn in 2016.
On the other hand, the country’s trade deficit increased from USD 1.091bn in Jan 2015 to USD 1.308bn in Jan 2016 despite the fall in oil prices.