International organization participation: ABEDA, ACCT, AFESD, AL,
AMF, CCC, ESCWA, FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICFTU,
ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol,
IOC, ITU, NAM, OIC, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNRWA,
UPU, WFTU, WHO, WIPO, WMO, WToO
Diplomatic representation in US: chief of mission: Ambassador Riyad TABBARAH chancery: 2560 28th Street NW, Washington, DC 20008 telephone: [1] (202) 939-6300 FAX: [1] (202) 939-6324 consulate(s) general: Detroit, New York, and Los Angeles
US diplomatic representation:
chief of mission: Ambassador Richard H. JONES
embassy: Antelias, Beirut
mailing address: P. O. Box 70-840, Beirut; PSC 815, Box 2, FPO AE
09836-0002
telephone: [961] (1) 402200, 403300, 406650, 406651, 426183, 417774,
889926
FAX: [961] (1) 407112
Flag: three horizontal bands of red (top), white (double width),
and red with a green and brown cedar tree centered in the white band
Economy ———-
Economic overview: The 1975-91 civil war seriously damaged Lebanon's economic infrastructure, cut national output by half, and all but ended Lebanon's position as a Middle Eastern entrepot and banking hub. Peace has enabled the central government to restore control in Beirut, begin collecting taxes, and regain access to key port and government facilities. Economic recovery has been helped by a financially sound banking system and resilient small- and medium-scale manufacturers. Family remittances, banking services, manufactured and farm exports, and international aid are the main sources of foreign exchange. In the relatively settled year of 1991, industrial production, agricultural output, and exports showed substantial gains. The rebuilding of the war-ravaged country was delayed in 1992 because of an upturn in political wrangling. In October 1992, Rafiq al-HARIRI was appointed prime minister. A billionaire entrepreneur, al-HARIRI, announced ambitious plans for Lebanon's reconstruction, which involve a substantial influx of foreign aid and investment. The economy has posted considerable gains since 1992, with GDP rebounding, inflation falling, and foreign capital inflows jumping. Signs of strain have emerged in recent years, however, as the government budget deficit has risen and grassroots economic dissatisfaction has grown. Meantime, the future fate of Lebanon and its economy is being determined largely by outside forces - in Syria, other Arab nations, Israel, and the West.
GDP: purchasing power parity - $18.3 billion (1995 est.)
GDP real growth rate: 6.5% (1995 est.)
GDP per capita: $4,900 (1995 est.)
GDP composition by sector: agriculture: 13% industry: 28% services: 59% (1995 est.)