Lebanon Economy

The Lebanese economy with a population of 4.8 Million (2008 Est) ranks 83rd in the world. It has a GDP PPP of 63.7 billion(IMF 2012) and GDP PPP per capita of 15,587 vs 51,704 (United States) according to the IMF in 2012. Its currency is the Lebanese pound (ALL). In Lebanon similar to international banking conventions, savings accounts are available for savings with floating rates . Time deposits/Term accounts are available for fixed term with an associated fixed interest rate. . According to CIA.gov data the inflation rate in Lebanon was 6.4% (2012 est.) and 5.0% (2013 est.).