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Lebanon Economy is primarily dependent on the banking sector. Banking sector services contribute about 70% to Lebanon's gross revenue. Other meager contribution is that of agriculture and industrial sector and together they form about 10% and 20% respectively of the rest of the economy of Lebanon.
The service sector has a major role to play in the economy of Lebanon. Tourism industry of Lebanon is a major player in this sector. The natural beauty and various places of attractions lure many tourists to the shores of Lebanon. Apart from tourism, financial services and commerce also contribute to the national economy.
Agricultural also adds to the Lebanon economy although in small proportion. Only one-third of the land is arable and the fertile plains are located at the Bekaa Valley and the coastal strip mainly. Hence agricultural production is low in Lebanon. The export of the agricultural products adds to about 10 % of the total export earning.
The Lebanon economy is going through crucial times because of political turmoil in the country. GDP has declined as a result of decline in investment. Effective measures have been taken by the present government to stimulate growth in the Lebanon economy. The challenges that the economy of Lebanon is facing is actually of a short term nature that can be alleviated fast.
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