Lebanon

Lebanon, once a prosperous regional banking and tourism hub known as the 'Switzerland of the Middle East,' has suffered one of the worst economic collapses in modern history since 2019.

A banking crisis, sovereign default, hyperinflation, and the devastating 2020 Beirut port explosion have wiped out savings and plunged much of the population into poverty amid political paralysis.

Key Sectors

Historically built on banking, tourism, trade, and remittances from a vast diaspora, the economy now struggles with a collapsed currency and financial system, though agriculture and services persist amid the crisis.