Lebanese Diaspora - Economic Impacts

Economic Impacts

According to an investigation, Lebanese abroad are considered "rich, educated and influential. Over the course of time, emigration has yielded Lebanese "commercial networks" throughout the world. As a result, remittances from Lebanese abroad to family members within the country total $8.4 billion and account for one fifth of the country's economy. Nassib Ghobril, the head of research and analysis for Byblos Bank, calculates that Lebanese abroad supply Lebanon with about $1,400 per capita every year.

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