Wednesday, December 12, 2007

Imports VS Exports in Lebanon

We can see clearly here the deficit between Imports and Exports in Lebanon, the deficit ranging between 94% in year 2000 and about 92% in year 2005, this deficit, is a clear indicator of a direct dependency on global markets to provide for local needs, this means that Lebanon has always to catch up with global prices and this would endanger local purchasing power tremendously, since it has to catch up with the rate of purchasing power in developed countries (European countries for example).

Deficit between imports and exports

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