Low growth in Lebanon over the past seven years is explained by the loss in confidence that followed the start of the Syrian crisis, coupled with the tense political environment which paralyzed political decision making during that period and played a major role in the drop of growth rates. Tourism, exports, real estate, and private investments were all affected.

Formalization of micro and small enterprises has been limited. Around 73 percent of Lebanon’s establishments are classified as microenterprises (less than 10 employees), while 93 percent are classified as micro or small (less than 50 employees).