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| Lebanon is second biggest exporter and importer of IT and ICT-enabled services in Arab world |
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Posted on 25 Oct 2009 |
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Figures releases by the United Nations Conference on Trade and Development (UNCTAD) indicate that Lebanon exported $6.95bn in Information Technology (IT) and Information Communication Technology (ICT)-enabled services in 2007, making it one of the largest exporters of such services among developing economies.
Globally, Lebanon was the 35th largest exporter of IT and ICT-enabled services among 173 countries covered in the survey, ranking immediately behind Hungary, Australia and Brazil, and coming ahead of Malaysia, Thailand and Poland. Lebanon was the 9th largest exporter of IT and ICT-enabled services among developing economies, ranking behind Brazil and Taiwan and ahead of Malaysia and Thailand. Also, Lebanon was the second largest exporter of such services in the Arab world behind Saudi Arabia that exported $7.9bn. Exports of IT and ICT-enabled services from Lebanon accounted for 0.42% of global exports, 2.1% of exports to developing economies, and 26.3% of exports from the Arab world. Further, exports of IT and ICT-enabled services to Lebanon rose by 13.7% in 2007 from $6.1bn in 2006. In parallel, Lebanon imported $5.14bn in IT and ICT-enabled services in 2007, making it one of the largest importers of such services among developing economies. Globally, Lebanon was the 38th largest importer of IT and ICT-enabled services, ranking immediately behind Portugal, Greece and Nigeria, and coming ahead of Romania, South Africa, and Turkey. Lebanon was the 12th largest importer of IT and ICT-enabled services among developing economies, ranking behind Angola and Nigeria and ahead of South Africa and Turkey. Further, Lebanon was the second largest importer of such services in the Arab world behind only Saudi Arabia whose imports reached $21.9bn. Imports of IT and ICT-enabled services to Lebanon accounted for 0.4% of global imports, 1.55% of imports to developing economies, and 13.4% of imports to the Arab world. Further, imports of IT and ICTenabled services to Lebanon rose by 22% in 2007 from $4.2bn in 2006. |
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