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  • Writer's pictureIAMTN

Remittances of Lebanese Expats Ease Financial Pressure

The World Bank has estimated the inflows of expatriate remittances to Lebanon at $7.2 billion in 2018, a 1.8 percent increase from the previous year.

The inflows stood at $7.1 billion in 2017, it said.

Expatriate remittances to Lebanon were equivalent to 12.7 percent of GDP in 2018, which constituted the 17th highest such ratio in the world and among developing countries, as well as the second highest ratio, behind Palestine (17.7 percent), among Arab countries.

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