Current account balance in Lebanon
Lebanon: Current account balance was -28.1% in 2023. ▼ Falling
Current account balance in Lebanon, 2002–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, current account balance in Lebanon stood at -28.1%.
The figure is up 18.8% on the previous year and down 10.2% over ten years.
Over the whole period, current account balance in Lebanon peaked at -5.1% in 2006 and was at its lowest, -34.6%, in 2022.
Lebanon ranks 195th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Current account balance in Lebanon, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | -23.7% | — |
| 2003 | -25.6% | +7.9% |
| 2004 | -20.8% | -18.6% |
| 2005 | -12.8% | -38.6% |
| 2006 | -5.1% | -60.3% |
| 2007 | -6.5% | +27.5% |
| 2008 | -14.1% | +118.0% |
| 2009 | -19.0% | +35.2% |
| 2010 | -19.6% | +3.2% |
| 2011 | -13.8% | -29.6% |
| 2012 | -23.4% | +69.4% |
| 2013 | -25.5% | +8.8% |
| 2014 | -26.2% | +2.8% |
| 2015 | -17.1% | -34.8% |
| 2016 | -20.5% | +19.7% |
| 2017 | -22.9% | +11.7% |
| 2018 | -24.3% | +6.4% |
| 2019 | -21.8% | -10.3% |
| 2020 | -8.8% | -59.9% |
| 2021 | -19.7% | +124.8% |
| 2022 | -34.6% | +75.7% |
| 2023 | -28.1% | -18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -15.9% | -25.6% | -5.1% | 8 |
| 2010s | -21.5% | -26.2% | -13.8% | 10 |
| 2020s | -22.8% | -34.6% | -8.8% | 4 |
Countries ranked near Lebanon
- 192 Montenegro -20.4% compare
- 193 Kyrgyzstan -22.6% compare
- 194 Grenada -23.1% compare
- 196 Timor-Leste -36.9% compare
- 197 Dominica -38.0% compare
- 198 Palau -48.6% compare
More economy & growth data for Lebanon
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.87 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -0 Percent per annum (2022)
- Gross capital formation (current US$), annual growth rate -1.51 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.0144 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 64.63 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 2.71 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1,293 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 5.78 million current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -31.63 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0035 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance in Lebanon?
- Current account balance in Lebanon was -28.1% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Lebanon?
- The highest recorded value was -5.1% in 2006.
- What is the lowest current account balance recorded in Lebanon?
- The lowest recorded value was -34.6% in 2022.
- How does Lebanon rank for current account balance?
- Lebanon ranks 195th out of 200 countries with data for 2023.
- Is current account balance rising or falling in Lebanon?
- Over the last ten years it is down 10.2%. The long-run trend across the full record is falling.
- Where does this Lebanon data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.