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The minimum monthly wage in Lebanon is 450 USD. Lebanon has a government debt of 85.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Lebanon is 5%. The currency of Lebanon is Lebanese pound. The plural form of the word Lebanese pound is pounds. The symbol used for this currency is ل.ل, and it is abbreviated as LBP. The Lebanese pound is divided into piastre; there are 100 in one pound. Each year, consumers spend around $26,899 million. The ratio of consumer spending to GDP in Lebanon is 0.06%, and the ratio of consumer spending to the world consumer market is 7.75%. The corporate tax in Lebanon is set at 15%. Personal income tax ranges from 2% to 20%, depending on your specific situation and income level. VAT in Lebanon is 10%. In 2013, Lebanon received 710.2 million USD in foreign aid.In 2014, the foreign aid amounted to 473.6 USD.
Gross Domestic Product The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Lebanon is $81,419 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Lebanon was last recorded at $13,361,595. PPP in Lebanon is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Lebanon is 47,221 billion. Based on this statistic, Lebanon is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Lebanon was last recorded at $7,749,394. The average citizen in Lebanon has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Lebanon averaged 2.3% in 2014. According to this percentage, Lebanon is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.
https://www.confiduss.com/en/jurisdictio...conomy/finance/
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