External balance on goods and services in Lebanon
Lebanon: External balance on goods and services was -11.18 trillion constant LCU in 2024. ▲ Rising
External balance on goods and services in Lebanon, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Lebanon recorded -11.18 trillion constant LCU for external balance on goods and services in 2024.
That represents a change of down 8.7% on the previous year and up 45.1% over ten years.
Over the whole period, external balance on goods and services in Lebanon peaked at -9.60 trillion constant LCU in 2021 and was at its lowest, -26.23 trillion constant LCU, in 2018.
That places Lebanon 156th out of 161 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
External balance on goods and services in Lebanon, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | -14.52 trillion constant LCU | — |
| 2011 | -12.93 trillion constant LCU | -10.9% |
| 2012 | -16.52 trillion constant LCU | +27.8% |
| 2013 | -18.94 trillion constant LCU | +14.6% |
| 2014 | -20.34 trillion constant LCU | +7.4% |
| 2015 | -21.91 trillion constant LCU | +7.7% |
| 2016 | -24.59 trillion constant LCU | +12.2% |
| 2017 | -24.76 trillion constant LCU | +0.7% |
| 2018 | -26.23 trillion constant LCU | +5.9% |
| 2019 | -22.15 trillion constant LCU | -15.6% |
| 2020 | -13.35 trillion constant LCU | -39.7% |
| 2021 | -9.60 trillion constant LCU | -28.1% |
| 2022 | -10.24 trillion constant LCU | +6.7% |
| 2023 | -10.28 trillion constant LCU | +0.4% |
| 2024 | -11.18 trillion constant LCU | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -20.29 trillion constant LCU | -26.23 trillion constant LCU | -12.93 trillion constant LCU | 10 |
| 2020s | -10.93 trillion constant LCU | -13.35 trillion constant LCU | -9.60 trillion constant LCU | 5 |
Countries ranked near Lebanon
- 153 Chile -6.59 trillion constant LCU compare
- 154 Paraguay -7.00 trillion constant LCU compare
- 155 Tanzania, United Republic of -8.77 trillion constant LCU compare
- 157 Mongolia -11.74 trillion constant LCU compare
- 158 Lao People's Democratic Republic -15.70 trillion constant LCU compare
- 159 Uzbekistan -20.99 trillion constant LCU 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)
- GDP (constant 2015 US$), annual growth rate -7.08 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 1.21 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 5,391 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate -7.08 % change on previous year (2024)
- GDP (constant LCU), per unit of GDP 1,547 constant LCU per US$ of GDP (2024)
- GDP (constant LCU), per capita 6.92 million constant LCU per person (2024)
- Gross domestic savings (current US$), annual growth rate -7.21 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP -0.3415 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services in Lebanon?
- External balance on goods and services in Lebanon was -11.18 trillion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Lebanon?
- The highest recorded value was -9.60 trillion constant LCU in 2021.
- What is the lowest external balance on goods and services recorded in Lebanon?
- The lowest recorded value was -26.23 trillion constant LCU in 2018.
- How does Lebanon rank for external balance on goods and services?
- Lebanon ranks 156th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Lebanon?
- Over the last ten years it is up 45.1%. The long-run trend across the full record is rising.
- Where does this Lebanon data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.