GDP Volume Indices: Financial Services
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| Location Lebanon |
| Series ID 134921 |
| Reference LEB134921A2023 |
| Source Economena Analytics, Central Administration of Statistics |
| Frequency Annual |
| Aggregation Period Sum |
| Note Chain-linked laspeyres, 2019 = 100. Since 2020, the Central Administration of Statistics has employed a unitary exchange rate — a weighted average of actual exchange rates applied to imports— to convert GDP and related aggregates between Lebanese pounds and US dollars. This methodology was implemented following the collapse of the official fixed exchange rate regime of 1,507.5 LBP per USD at the end of 2019, which led to widespread reliance on multiple parallel market rates. The unitary exchange rates used for the period were approximately 3,843.5 LBP/USD in 2020, 12,647.0 LBP/USD in 2021, 30,473.5 LBP/USD in 2022, and 87,472.3 LBP/USD in 2023. Figures from 2012 onwards have been updated following revisions. |
| Description Volume Indices are the same conceptually as constant price figures (i.e. they express the evolution of GDP with inflation removed) but they are quoted as an index number which takes the value of 100 in the reference year, rather than in billions of Lebanese pounds. They can be used to assess the change between any two years by dividing the second year figure by the first, subtracting one and multiplying by 100. |
| Start date 2011 |
| End date 2023 |
| Useful links www.cas.gov.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Central Administration of Statistics, GDP Volume Indices: Financial Services, retrieved from BRITE; https://brite.blominvestbank.com/series/GDP-Volume-Indices-Financial-Services-134921/ |
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