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Lebanon Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
6,100,075 (July 2018 est.)GDP (PPP)
$88.3 billion (2017 est.)Free market economy based on services. The Syria conflict impacted negatively on the GDP gro
GDP growth rate
1.5% (2017 est.)The Syria conflict conflict negatively impacted the country's growth
GDP (PPP) per capita
$19,600 (2017 est.)Medium to low
Local currency
Lebanese pound (code: LBP)Pegged to the USD (1$ = 1507.5 LBP)
Financial stability (Public debt)
146.8% (2017 est.)The third highest in the world. Most of the debt is held internally by local banks
Inflation
4.5% (2017 est.)High and unstable
Language
Arabic (official)French is the most studied and spoken second language.
Corruption perception index (Source: Transparency International)
Rank 138/180High level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
11% standard VAT rateCorporate Tax
17% standard corporate income taxDuties
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