The 1975–1990 civil war heavily damaged Lebanon's economic infrastructure, cut national output by half, and all but ended Lebanon's position as a West Asian entrepôt and banking hub. The subsequent period of relative peace enabled the central government to restore control in Beirut, begin collecting taxes, and regain access to key port and government facilities. Economic recovery has been helped by a financially sound banking system and resilient small- and medium-scale manufacturers, with family remittances, banking services, manufactured and farm exports, and international aid as the main sources of foreign exchange.thumb|Port of BeirutUntil July 2006, Lebanon enjoyed considerable stability, Beirut's reconstruction was almost complete, and increasing numbers of tourists poured into the nation's resorts. The economy witnessed growth, with bank assets reaching over 75 billion US dollars, Market capitalization was also at an all-time high, estimated at $10.9 billion at the end of the second quarter of 2006. The month-long 2006 war severely damaged Lebanon's fragile economy, especially the tourism sector. According to a preliminary report published by the Lebanese Ministry of Finance on 30 August 2006, a major economic decline was expected as a result of the fighting.
The 1975–1990 civil war heavily damaged Lebanon's economic infrastructure cut national output by half and all but ended Lebanon's position as a West Asian entrepôt and banking hub The subsequent period of relative peace enabled the central government to restore control in Beirut begin collecting taxes and regain access to key port and government facilities Economic recovery has been helped by a financially sound banking system and resilient small- and medium-scale manufacturers with family remittances banking services manufactured and farm exports and international aid as the main sources of foreign exchangethumb|Port of BeirutUntil July 2006 Lebanon enjoyed considerable stability Beirut's reconstruction was almost complete and increasing numbers of tourists poured into the nation's resorts The economy witnessed growth with bank assets reaching over 75 billion US dollars Market capitalization was also at an all-time high estimated at $109 billion at the end of the second quarter of 2006 The month-long 2006 war severely damaged Lebanon's fragile economy especially the tourism sector According to a preliminary report published by the Lebanese Ministry of Finance on 30 August 2006 a major economic decline was expected as a result of the fighting