Lebanon is located on the eastern shore of the Mediterranean. It covers an area of 10,452 km², an area roughly equal to that of the Gironde department, the largest French department. Its capital is Beirut, located in the centre of the country’s west coast. Lebanon has nearly 6.8 million inhabitants and a GDP of $52 billion in 2019.
French exports to Lebanon reached €381m in 2020. This is a decrease of 179 M€ (-32%) compared to 2019 and 367 M€ (-49%) compared to 2018. In the medium term, this decrease reaches 72% compared to 2012 (the highest year in the bilateral trade relationship when exports reached €1.35bn). The sectors driving Lebanese growth are mainly banking, which is experiencing record profits, real estate and construction, and tourism.
During the 1990s, Lebanon experienced growth supported by an active network of SMEs, by the tourism and finance sectors, but also by aid and foreign investments. GDP per capita has also been increasing during this period. Lebanon is experiencing an increasing number of tourists.
In order to best meet the needs of its clients in the Lebanese market, Simon Associés has developed relationships with renowned economic and legal partners in Lebanon.