About Lebanon's economy

Lebanon's economy is a small, open, and service-oriented economy. The country's main economic sectors are banking, tourism, and agriculture. Lebanon is also a regional center for trade and finance. Lebanon's GDP is estimated at US$19 billion in 2020, with a per capita GDP of US$2,500. The country's GDP growth rate was -7.0% in 2021. Lebanon's main trading partners are Saudi Arabia, Turkey, and the United Arab Emirates. The country's exports are mainly agricultural products, while its imports are mainly manufactured goods. Government procurement in Lebanon is estimated at US$3 billion per year. The government's main procurement categories are construction, services, and goods.

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