Cost of living in Lebanon

Lebanon subsequently experienced periods of political turmoil interspersed with prosperity built on its position as a regional center for finance and trade.The country's 1975-90 civil war, which resulted in an estimated 120,000 fatalities, was followed by years of social and political instability, and sectarianism remains a key element of Lebanese political life. The Israeli defense forces, which occupied parts of Lebanon during the civil war, did not completely withdraw until 2000. Neighboring Syria influenced Lebanon's foreign and domestic policies while its military occupied Lebanon from 1976 until 2005, but its influence diminished significantly after 2005. Over 1.5 million Syrian refugees fled to Lebanon after the start of the Syrian conflict in 2011. Hizballah -- a major Lebanese political party, militia, and US-designated foreign terrorist organization -- and Israel continued attacks and counterattacks against each other after Syria's withdrawal and fought a brief war in 2006. After HAMAS attacked Israel on 7 October 2023, the intensity and frequency of these cross-border attacks increased substantially into a cycle of hostilities, mostly limited to the border areas as of January 2024. Lebanon's borders with Syria and Israel remain unresolved.Lebanon's prosperity has significantly diminished since the beginning of the country's economic crisis in 2019, which has crippled its economy, shut down its previously lucrative banking sector, reduced the value of its currency, and caused many Lebanese to emigrate in search of better prospects.