into the Lebanese Economy for the fiscal year 2015–2016
LAU spent $209 million in labor income in 2015
and opened 9,570 employment opportunities.
It includes such factors as jobs, salaries and sales of the businesses from which LAU purchases its goods and services. These are further multiplied by jobs, salaries and sales at the next level of recipient businesses.
Finally, LAU employees’ household spending adds an “induced” impact.
All of which added up to
LAU attracts many students from outside Lebanon. The direct, indirect and induced impact of their spending — on housing, food, entertainment, transportation, etc. — has a strong impact on the local economy.
Upon graduation, those Lebanese students who go abroad for employment tend to send remittances to Lebanon, further boosting the economy.
In 2015–2016, LAU’s out-of-country students spent nearly
In 2015, the total direct, indirect and induced impact of their spending was
Most of LAU’s revenues find their way into the economy through the university’s various expenditure channels. These include salaries and benefits to employees, and payments to local businesses in exchange for goods and services, including for the maintenance and expansion of LAU’s physical facilities.
In addition to salaries, LAU offers its full-time employees valuable benefits, including:
Increase in expenditures for goods and services 2011–2016
Amount spent on learning/training for employees 2011–2015
Amount spent on campus construction, renovation and capital expenditures
Increase in financial aid allocations 2011–2016 (to $27 million)
LAU’s endowment in 2015. This fund partially supports LAU’s local spending
Employment opportunities created on the Byblos campus in 2015
Employment opportunities created on the Beirut campus in 2015