Data Visualization

Blog of the Data Visualization & Communication Course at OSB-AUB

This is my favorite part about analytics: Taking boring flat data and bringing it to life through visualization” John Tukey

The variation of imports and exports in Lebanon over the last 30 years

The variation of imports and exports in Lebanon over the last 30 years

The devaluation in the Lebanese currency has risen as Lebanon is suffering from the most severe economic problem since the civil war. As we know, Lebanon has huge depts. which forms over 150% of the national GDP, the third highest in the world. Adding to it, the gap between the exports and the imports of good and services in Lebanon which is widening in the recent years. Knowing that the Central Bank is providing 85% dollars for commodity imports, the US dollar is becoming scarce in the market. I can say that boosting the current economic downturn would require us to BUY Lebanese products.

Imports and Exports of Goods and Services by Percentage of GDP for Lebanon and its Neighbouring Countries

Imports and Exports of Goods and Services by Percentage of GDP for Lebanon and its Neighbouring Countries

The poor economic situation in Lebanon is the result of multiple problems that led the this crisis. One of those problems is the imbalance of the exports and imports of goods and services in percentage of the country’s GDP.

It is clear that Lebanon has an export deficiency problem, with a percentage of imports double the percentage of exports, which is in turn way below the region median.

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