Editing Economy of Lebanon (section)

=== Remittances ===
Lebanon benefits from its large, cohesive, and entrepreneurial [[Lebanese diaspora|diaspora]].<ref>Global Investment House.[https://web.archive.org/web/20080611182611/http://www.iom.int/jahia/Jahia/pid/426 Lebanon Economic and Strategic Outlook (Nov 2008)] Retrieved 28 June 2009.</ref> Over the course of time, emigration has yielded Lebanese "commercial networks" throughout the world.<ref>Background Note: Lebanon [https://web.archive.org/web/20051016135629/http://www.washingtoninstitute.org/documents/41e1aa0d7d676.pdf "www.washingtoninstitute.org"]. Retrieved 3 December 2006.</ref> Consequently, in 2009, [[remittances]] from Lebanese abroad to family members within the country totaled $8.2&nbsp;billion<ref>[[International Organization for Migration]].[https://web.archive.org/web/20080611182611/http://www.iom.int/jahia/Jahia/pid/426 "Lebanon – Facts and Figures"] Retrieved 13 June 2009.</ref> and accounted for one fifth of the country's economy.<ref>[[Reuters]].[https://www.reuters.com/article/us-lebanon-election-economy-sb-idUSTRE5570SJ20090608 "FACTBOX: Facts on Lebanon's economy"] Retrieved 13 June 2009.</ref> 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.<ref>{{cite news |author=Robert F. Worth |date=24 December 2007 |title=Home on Holiday, the Lebanese Say, What Turmoil? |url=https://www.nytimes.com/2007/12/24/world/middleeast/24lebanon.html?_r=0 |access-date=28 March 2024 |work=[[The New York Times]]}}</ref>