Welcome to the price transmission page for Lebanon. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.
Historic Warnings per Commodity
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The Lebanese economy is service-oriented and mainly based on banking and tourism. Due to only a small agricultural sector and cheap products available from neighboring countries, Lebanon is a major food importer. Moreover, it is densely settled with a total population of around 5 million people. Since May 2011, more than 1.1 million Syrians have crossed the border into Lebanon, seeking refuge from the conflict in their homeland. This has increased tensions within the country and hampered economic growth.
Around two thirds of the total land is used for agricultural purposes, mostly cereals, vegetables and fruits. Agriculture however accounts for only 6% of the country’s GDP. At the household level, agriculture is mainly a part-time activity, complementing other production or service activities. The natural geographical advantages of the country would allow the development of the agricultural sector, if other socio-economic and geo-political constraints were overcome.
Lebanon’s HDI value for 2014 is 0.769 and the country can therefore be classified as a country of high human development. However, the infant mortality rate ranks among the highest worldwide and almost a quarter of the Lebanese population is living below the poverty line. According to the GHI (2015), Lebanon improved its score to 6.4. On average, households spend a share of one quarter of their net income on food. Lebanon is maintaining its historical low rates of malnourishment of less than 5%.