Although Lebanon is ideally suited for agricultural activities in terms of water availability and soil fertility, agriculture is the least popular economic sector in Lebanon. Major products include apples, peaches, oranges, and lemons.
Industry in Lebanon is mainly limited to small businesses concerned with reassembling and packaging imported parts.
A combination of beautiful climate, many historic landmarks and World Heritage Sites continues to attract large numbers of tourists to Lebanon annually, in spite of its political instability. In addition, Lebanon's strict financial secrecy and capitalist have given it significant economic status among Arab countries.
The at-times thriving tourism and banking activities have naturally made the services sector the most important pillar of the Lebanese economy. |