Beirut ranked 244th among 255 cities in the world and last among covered Arab cities in Numbeo’s 2022 Quality of Life Index, with a score of 76.43
The Lebanese Central Bank’s balance sheet conveys some $115.31 million contraction in its foreign currency reserves during the first half of January 2022 to $12.68 billion, down from $12.80 billion a fortnight earlier.
Beirut was the most expensive Arab city on the 2022 Numbeo list with a Cost of Living Index value of 120.47, ranking 7th globally.
The United Nation’s report estimated the Lebanese economy to have contracted by 16.2% in 2021 compared to larger contraction of 37.1% in 2020.
The financial sector’s utilized credits fell by 20.61% y-o-y to nearly $38.71 billion in the first half of 2021, down from $48.76 billion a year earlier.