Expat remittances sustain Lebanon
Transfers from Lebanese expatriates are a main source of support for families in Lebanon, as their economic capabilities have declined due to the economic crisis and war, with an average of nearly $500 million per month according to the World Bank. The war has significantly impacted remittances coming from Gulf countries, especially Dubai, while transfers from West Africa have increased to support affected relatives. These remittances constitute about 33% of the projected GDP for 2024 and help families cover basic needs such as food, housing, and healthcare, especially as living standards continue to deteriorate due to the ongoing crisis.
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