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WEEKLY NEWSLETTER
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Lebanon
Index
Gross Domestic Product (GDP): Estimates in 1985 ranged
from L£30 billion to L£43.8 billion (for value of the
Lebanese pound--see Glossary);
in either case, in real terms GDP no more
than half 1974 level. Inflation in 1987 estimated at more than 700
percent, and unemployment estimated at 35 percent.
Agriculture: Diversity of crops grown throughout country.
Biqa Valley most productive region, primarily grains but
increasingly in late 1980s hashish and opium. Citrus crops grown on
coast, especially in south. Tobacco also cultivated in south. Only
11 percent of labor force employed in agriculture in 1980.
Industry: Severely disrupted by civil strife. Employed
about 27 percent of labor force in 1980. Cement most important
industrial export in 1980s; energy production and petroleum
refining also significant.
Currency: Lebanese pound.
Fiscal Year: Same as calendar year.
Data as of December 1987
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