In Lebanon, many people live below the income poverty line, despite the various initiatives implemented to benefit the poor. Since 2019, poverty has been increasing owing to a decline in economic activity and widespread political instability.
These interlinked shocks exposed the Lebanese pound exchange rate, which has been fixed since the beginning of the century, to tremendous pressures, causing currency depreciation and severe inflation. Thus, limiting households’ purchasing power. These combined shocks have led to a decrease in the living standards of a significant proportion of the Lebanese and non-Lebanese population, and a considerable rise in income poverty.
Poverty in Lebanon has spread over the past year and now affects about 74% of the population. Statistics reveal that the unemployment rate increased from 11.4 per cent in 2018-19 to 29.6 per cent in 2022. The total population in Lebanon is 6.825 million with 4 million Muslims equaling 67.6 % of the Lebanese population.
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