Marketing Lebanese Wine

1 Republic of Lebanon Fact Sheet

Population: 3,925,502 (July 2007 est.)

Age structure: 0-14 years: 26.2% (male 525,199/female 504,240)

15-64 years: 66.7% (male 1,255,624/female 1,361,265)

65 years and over: 7.1% (male 125,904/female 153,270) (2007 est.)

Median age: total: 28.3 years

Male: 27.2 years

Female: 29.5 years (2007 est.)

Population growth rate: 1.198% (2007 est.)

GDP (purchasing power parity): $40.65 billion (2007 est.)

GDP (official exchange rate): $21.58 billion (2007 est.)

GDP - real growth rate: 0.3% (2007 est.)

GDP - per capita (PPP): $10,400 (2007 est.)

GNP (Gross National Product), 2005 : 22.12 billion dollars

GNP per capita, 2005 : 6186 dollars

Industry: 18.4%

Services: 76.4% (2007 est.)

Labor force: 1.5 million

Note: in addition, there are as many as 1 million foreign workers (2005 est.)

Unemployment rate: 20% (2006 est.)

Population below poverty line: 28% (1999 est.)

Inflation rate (consumer prices): 5.6% (2007 est.)

Investment (gross fixed): 19.4% of GDP (2007 est.)

Budget: revenues: $6.116 billion

Expenditures: $9.421 billion (2007 est.)

Public debt: 188% of GDP (2007 est.)

Current account balance: -$3.337 billion (2007 est.)

Exports: $3.099 billion f.o.b. (2007 est.)

Exports - partners: Syria 26.8%, UAE 12%, Switzerland 6%, Saudi Arabia 5.7%, Turkey 4.5% (2006)

Imports: $10 billion f.o.b. (2007 est.)

Imports - partners: Syria 11.6%, Italy 9.8%, US 9.3%, France 7.7%, Germany 6%, China 5%, Saudi Arabia 4.7% (2006)

Reserves of foreign exchange and gold: $19.4 billion (31 December 2007 est.)

Debt - external: $34.67 billion (31 December 2007 est.)

Exports - commodities: authentic jewelry, inorganic chemicals, miscellaneous consumer goods, fruit and vegetables, tobacco, construction minerals, electric power machinery and switchgear, textile fibers, paper

Economic aid - recipient: Of the $7.6 billion in grants and loans pledged to Lebanon at the Paris III conference in January 2007, Beirut as of mid-December 2007 had signed agreements for $3 billion, including $1 billion in project financing, $750 million in direct budget support, $750 million in private sector credit, and $285 million in in-kind aid. About $500 million of the $1.7 billion pledged for direct budget support has been disbursed to Lebanon. Donors in August 2006 also pledged nearly $1.8 billion in aid to help Lebanon recover from the 2006 Israel-Hizballah war. During the conflict, Saudi Arabia and Kuwait provided $1.5 billion in concessional loans to the Lebanese central bank to maintain confidence in the Lebanese currency. (2005)

1.1 General economic profile of Lebanon

Located at a strategic geopolitical crossroads, bordered by Syria to the south, Israel and Jordan to the north, and Iraq in the east, Lebanon - land of the Cedar - has been on the fringes and at times right at the heart of the Middle East conflict. After 15 devastating years of civil war (1975-1990), Lebanon has had to overcome difficult post-conflict reconstruction challenges while trying to reconcile economic revival and better macroeconomic fundamentals. A comprehensive reform process in the areas of economic policy, industrial and agricultural modernization, improved investment climate and opening of the domestic market is under way to help the country regain its past glory as a leading financial power in the region, “the Switzerland of the Middle-East”.

Initially Lebanon made considerable progress, rehabilitating basic infrastructure while maintaining economic stability. By 1997 per capita income had nearly doubled from end-of-war levels, many