Tuesday, 10 May 2011

Lebanon’s manufacturing figures on the rise, says UNIDO study

BEIRUT, 10 May 2011 – The manufacturing value added of Lebanon has grown by around 7 per cent per annum (except in 2008), according to a UNIDO industrial sector statistical study presented at a seminar that ended in Beirut today.
The study underlines that manufacturing is a key activity of the Lebanese economy and accounts for almost 10 per cent of GDP.

The study, jointly published by UNIDO, the Ministry of Industry and the Association of Lebanese Industrialist, covered more than 7000 manufacturing establishments with 5 and more persons engaged. It comprises a descriptive part for all surveyed industries and a detailed analysis of more than 4000 larger manufacturing establishments.

The study for larger firms revealed that production of food and beverages was the largest manufacture sector which accounted for 26.9 per cent of value added and 25.3 per cent of industrial employment. Among other major sectors were non-metallic mineral products, electrical machinery and chemical products.

Participants at the seminar held at the Industrial Research Institute agreed on the importance of continuing the study, suggesting that it should also focus on regularly updating a database, created by the Ministry of Industry, which contains detailed business structure statistics on the manufacturing sector of Lebanon. The data could then be used to formulate empirical evidence-based policy and monitor industrial growth.

Addressing the seminar, the Minister of Industry, Apraham Dedeyan, praised the joint efforts by the Government and the private sector in producing reliable and accessible data to improve the country’s information system with the help of UNIDO.

UNIDO Representative, Khaled El Mekwad, presented the main achievements of the study, and highlighted its importance in providing the Ministry of Industry with the necessary information for developing national industrial strategies, and providing better opportunities for foreign investors to get acquainted with those strategies through a regularly updated data base.

The representative of the Association of Lebanese Industrialists pointed to the fruitful cooperation between both public and private sectors, and the technical support of UNIDO in achieving the study.

The seminar was also attended by UNIDO’s Chief Statistician, Shyam Upadhyaya.

For more information, please contact:

Khaled El Mekwad
UNIDO Representative in Lebanon

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