This document presents the index of Lebanon economic freedom. The score is 53.2, making its economy the 140th freest in the 2018 Index. Its overall score has decreased by 0.1 point, with declines in labor freedom, property rights, and government integrity outweighing improvements in judicial effectiveness, monetary freedom, and government spending. Lebanon is ranked 12th among 14 countries in the Middle East and North Africa region, and its overall score is below the regional and world averages. Lebanon has a free-market tradition and a strong history of private commercial activity. Notwithstanding stark divisions within government and the vested interests of different confessional groups, there has been some progress in reforming the tax code. Legislation on improving the tax and regulatory environment for hydrocarbons development to attract foreign investment and on public–private partnerships to address serious infrastructure shortcomings also has been approved. Nevertheless, the economy performs weakly because of ongoing fiscal and current-account deficits.

CAWTAR | 2019-02-09 09:59:22

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/Economic development // Free Investment//Free Trade//Business / /Open Market//Finances //Indicators / /Lebanon/​