Expat Remittances Drop Raises Concerns
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The article discusses Lebanon's heavy reliance on the remittances sent by expatriates, which constitute about 33% of the gross domestic product (GDP) and serve as a vital source of support for families and the economy. Estimates indicate that these remittances decreased by $500 million in 2025, with projections suggesting that the decline could reach $1 billion or more in 2026. This poses a threat to the stability of the Lebanese economy, leading to reductions in consumption and income, increased pressure on liquidity, and strain on the balance of payments. Experts emphasize that excessive dependence on remittances makes the Lebanese economy more vulnerable to external shocks, especially as the number of expatriates declines and the funds sent are adversely affected by global crises, endangering the continuation of these remittances as a key safety net for the economy and social environment.
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