Economy

Lebanon has a liberal economy and enjoys free trade based on competition and heavily dependent on the private sector. The public sector is constrained to the infrastructure and social policy.

Lebanon is mostly dependent on the services industry and financial & banking industries, this constitutes 70 % of national product, while the industrial sector occupies 20 %, and the agricultural sector 10 %.

Services Sector
Services sector is the dominant economic sector, and heavily depends on Trade, imports, exports, tourism, hotels, restaurants, & entertainment industry, but mostly on the financial industry.
Lebanon has over 80 banks both local and international serving the needs of public & private sectors via established correspondents world wide. The country also has a large number of insurance companies both international & local .

The industry Sector
Small Industry has been established since 1950. The government in its rehabilitation program has been encouraging this sector by introducing new favorable laws. The Lebanese industry is mainly evolving according to the local and foreign demands of the market. Main industries are textile, china, leather, precious metals & food products.

Agricultural Sector 
Most agricultural activity is oriented towards fast moving consumer products. Lebanon cannot meet its consumer demands and imports many of its agricultural needs. Despite this fact Lebanon exports many of its fruits and its famed world class wine.
Under plan Horizon 2000 initiated by the Development & Reconstruction Council, efforts are directed towards irrigation projects, reforestation and cultivation of more lands.

Infrastructure
Lebanon's infrastructure has been destroyed through the seventeen years of civil war. Since 1991 & the beginning of political stability in Lebanon, the government has taken the task of rebuilding Lebanon to its former glory seriously.
The reconstruction program is almost completed with rebuilding its electrical energy, motor way & roads, hydraulic systems & telecommunications. Investments of around 5 billion US has been allocated to these projects for a period of five years.

Construction
Since 1991, the construction industry has grown enormously, Lebanon now resembles a large building site. Construction grew from 6 million sq.m. in 1991 to over 16 million sq.m. in 1994 .

Economic Recovery
Since the end of the civil war in 1990, the economy of Lebanon has been on a recovery road regaining fast its position in the Middle East due to several factors, most importantly the Lebanese dynamic spirit to rebuild and move on.