FINANCIAL NEWS

Lebanon’s industrial sector value drops by 16pct

23 Mar 2017

(MENAFN) The value of Lebanon’s industrial sector declined almost 16 percent between 2011 and 2015 due to the economic slowdown.

Accordingly, the value of the sector fell to USD8.8bn in 2015 after it was USD10.5bn in 2012, while the number of industrial plants in 2015 reached 1.977.

In addition, the industrial sector should represent 20 percent of the whole GDP, although it only stands at 10 percent.

Furthermore, the Lebanese private sector should make almost 30.000 jobs a year but it only offers 5.000 jobs.

MENAFN2303201700450000ID1095337383

MENAFN2303201700450000ID1095337383

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