- Lebanon’s economy is a free economy which depends on individual initiative and openness to the outside world with an appropriate move of capital and labor. The private sector acquires to more than 75% of the total economy and business operating capital in all economic sectors. And the free banking sector is twice double the economic sector.
- Lebanon’s economy is considered as one of the economies of developing countries, where the private sector contributes to 75% of the total and a large banking sector demand supports this request.
- Lebanon has a high market system, free and strong competitive ability which allow him the ability to trade. Lebanon's economy is known as services-provider. The main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement, and bank secrecy is applied as strictly sharp. Lebanon has recently adopted a combat money laundering law. There is virtually no restriction on foreign investment.
Natural and environmental resources in Lebanon
- Lebanon is considered as the “water tank “of The Middle East. And is characterized by its diversity climate and its four seasons.
- It is also known for Lebanon, that the fractures and cracks penetrated the rock.
- Latest American and French geological studies show that Lebanon marine wealth of natural gas is up to 15,000 billion cubic meters, while the oil wealth is up to about 1.7 billion barrels of excellent quality and competitive to other countries, that makes Lebanon an oil country par excellence, without taking into consideration the oil wealth valuable land.