Lebanon’s Statistics Office Plans to Release GDP Figures in 2013

Lebanon’s statistics office plans to release gross domestic product figures annually for the first time starting in 2013, the head of the government body said.

Maral Tutelian Guidanian, director general of the Central Administration of Statistics, said in an interview today that the output figures will eventually be released every quarter, without specifying a date.

The nation’s economic growth will decline to 2 percent this year from 3 percent in 2011 because of lower tourism and consumer spending caused by political tension in the region, central bank Governor Riad Salameh said Oct. 1.

Lebanon’s inflation rate rose to 8.9 percent in July compared with 2.1 percent in June after the housing index, which only includes rentals, jumped 44 percent from July 2009. The government body resumed its real estate index in July after a three-year hiatus. Inflation accelerated to 10.3 percent in September, the data show.

Guidanian said she expects a spike in the consumer price index in November, when the indexes of schools are usually updated.

To contact the reporters on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net; Donna Abu-Nasr in Dubai at dabunasr@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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