The Lebanese economy is characterized by a combination of sectors, including services, industry, and agriculture. The services sector has traditionally been the largest contributor to the economy, accounting for a significant portion of GDP. Key service industries include banking and finance, tourism, real estate, and telecommunications. The industrial sector encompasses manufacturing, construction, and energy, while agriculture contributes a smaller but still significant share to the economy.

Lebanon has been known as a regional financial hub with a strong banking sector. Historically, Lebanese banks attracted deposits from both domestic and international investors due to their reputation for stability and confidentiality. The financial sector played a vital role in the economy, contributing to job creation and providing financing for businesses. However, the sector has faced significant challenges in recent years, including a banking crisis and capital controls that have hindered economic activity.

Lebanon has a rich cultural heritage, scenic landscapes, and a vibrant nightlife, making it a popular tourist destination in the region. The tourism industry has traditionally played a crucial role in the economy, attracting visitors from around the world. However, political instability and security concerns have negatively impacted the tourism sector in recent years. Despite the lack of industrial raw materials and pure dependence on the Arab countries, Lebanon is the leading Arab country in terms of fashion and clothing, cosmetics, food, construction materials, pharmaceutical-medical industries due to the free and duty-free market. Is one of the exporters of Dairy and clothing to Europe?

Historically, remittances from Lebanese expatriates have been a significant source of income for the country. Many Lebanese citizens work abroad and send money back to their families, providing a vital source of foreign currency and supporting domestic consumption. However, the economic challenges and political instability have affected remittance flows in recent years.

The economic situation in Lebanon is divided into several parts. The least important economic sector in this country belongs to agriculture. Lebanon's industry is mainly active in the cosmetics, food, pharmaceutical, and medical sectors. It exports dairy products and clothing to Europe. Although Lebanon is in a good position in terms of agricultural activities (in terms of water supply and soil fertility), it does not have a large agricultural sector. The agricultural sector is Lebanon's least important economy, accounting for only 12 percent of the workforce, and accounts for only 10 percent of GDP, putting it at the bottom of the list. Of course, Lebanon intends to transform the agricultural industry by 2020 attract billions of dollars in agricultural income.

Lebanon's 1975-90 Civil War severely damaged Lebanon's economic infrastructure, halved domestic production, and shaken Lebanon's position as a transit center for goods and banking in the Middle East. Peace enabled the central government to take control of Beirut, collect taxes, and gain access to government and border facilities. The well-established banking system, small and large factories, household money, banking services, industrial and agricultural exports, and international aid as the main sources of foreign exchange have contributed to economic recovery.

Before the 2006 Lebanese-Israeli war, the Lebanese economy grew rapidly, with bank assets reaching more than $ 70 billion. Although the tourism sector declined by 10 percent in 2005, more than 1.2 million tourists visited Lebanon. Market investment peaked at more than $ 7 billion at the end of January 2006. The start of the war in August-June 2006 caused severe damage to Lebanon's shaky economy, especially the tourism sector. According to an initial report published by the Ministry of Finance on August 30, 2006, a major economic downturn will result from the war.

Beirut International Airport reopened in September 2006, and efforts to improve Lebanon's economy have accelerated. Major donors to Lebanon's reconstruction include Saudi arabia ($ 1.5 billion), the European Union ($ 1 billion), and some other Persian Gulf states with more than $ 800 million. Its main ports are Beirut, Tripoli, and Tire, which are located on the shores of the Mediterranean Sea. Lebanon is called the bride of the Middle East, and Beirut is one of the top cities in the Arab world in terms of quality of life. The official languages ​​in this country are Arabic, English, and French. The most important free trade zones of this country are the port of Beirut, Tripoli, or Trapani.

Lebanon has faced a severe economic crisis since 2019, characterized by a combination of factors, including a banking sector crisis, high public debt, corruption, political instability, and the impact of regional conflicts. The crisis has led to a sharp depreciation of the Lebanese currency (the Lebanese pound), soaring inflation, high unemployment rates, and a decline in living standards. The country has struggled with shortages of basic goods, including fuel, electricity, and medication. The Lebanese government has sought international assistance to address the economic crisis. The country is engaged in negotiations with international financial institutions and donors to unlock funds and implement economic reforms. These reforms aim to address structural issues, improve governance, enhance transparency, and restore confidence in the economy.