Finance of Lebanon
The minimum monthly wage in Lebanon is 450 USD. Lebanon has a government debt of 85.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Lebanon is 5%. The currency of Lebanon is Lebanese pound. The plural form of the word Lebanese pound is pounds. The symbol used for this currency is ل.ل, and it is abbreviated as LBP. The Lebanese pound is divided into piastre; there are 100 in one pound. Each year, consumers spend around $26,899 million. The ratio of consumer spending to GDP in Lebanon is 0.06%, and the ratio of consumer spending to the world consumer market is 7.75%. The corporate tax in Lebanon is set at 15%. Personal income tax ranges from 2% to 20%, depending on your specific situation and income level. VAT in Lebanon is 10%. In 2013, Lebanon received 710.2 million USD in foreign aid.In 2014, the foreign aid amounted to 473.6 USD.
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