GDP growth in Lebanon
Lebanon: GDP growth was -7.1% in 2024. ◆ Volatile
GDP growth in Lebanon, 1989–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Lebanon recorded -7.1% for gdp growth in 2024.
Compared with earlier readings it is down 830.8% on the previous year and down 385.0% over ten years.
Over the whole period, gdp growth in Lebanon peaked at 49.4% in 1991 and was at its lowest, -42.5%, in 1989.
That places Lebanon 211th out of 213 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Lebanon, year by year
| Year | annual % | Change |
|---|---|---|
| 1989 | -42.5% | — |
| 1990 | 26.5% | -162.5% |
| 1991 | 49.4% | +86.4% |
| 1992 | 16.4% | -66.8% |
| 1993 | 10.8% | -34.5% |
| 1994 | 8.1% | -24.7% |
| 1995 | 6.4% | -20.4% |
| 1996 | 11.3% | +75.0% |
| 1997 | 1.1% | -90.7% |
| 1998 | 3.7% | +247.5% |
| 1999 | -0.5% | -114.3% |
| 2000 | 1.3% | -355.3% |
| 2001 | 3.8% | +186.1% |
| 2002 | 3.4% | -10.8% |
| 2003 | 3.2% | -5.7% |
| 2004 | 6.7% | +107.0% |
| 2005 | 2.7% | -59.8% |
| 2006 | 1.5% | -42.3% |
| 2007 | 9.3% | +500.9% |
| 2008 | 9.1% | -2.6% |
| 2009 | 10.2% | +12.8% |
| 2010 | 8.0% | -22.1% |
| 2011 | 0.9% | -89.1% |
| 2012 | 2.6% | +195.7% |
| 2013 | 3.8% | +49.2% |
| 2014 | 2.5% | -35.1% |
| 2015 | 0.5% | -81.4% |
| 2016 | 1.6% | +236.2% |
| 2017 | 0.9% | -41.9% |
| 2018 | -1.9% | -308.7% |
| 2019 | -6.9% | +266.9% |
| 2020 | -21.4% | +209.5% |
| 2021 | -7.0% | -67.3% |
| 2022 | -0.6% | -91.1% |
| 2023 | -0.8% | +22.3% |
| 2024 | -7.1% | +830.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -42.5% | -42.5% | -42.5% | 1 |
| 1990s | 13.3% | -0.5% | 49.4% | 10 |
| 2000s | 5.1% | 1.3% | 10.2% | 10 |
| 2010s | 1.2% | -6.9% | 8.0% | 10 |
| 2020s | -7.4% | -21.4% | -0.6% | 5 |
Countries ranked near Lebanon
- 208 Haiti -2.7% compare
- 209 Iran, Islamic Republic of -2.8% compare
- 210 Equatorial Guinea -5.8% compare
- 212 South Sudan -10.8% compare
- 213 New Caledonia -13.5% 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 gdp growth in Lebanon?
- Gdp growth in Lebanon was -7.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Lebanon?
- The highest recorded value was 49.4% in 1991.
- What is the lowest gdp growth recorded in Lebanon?
- The lowest recorded value was -42.5% in 1989.
- How does Lebanon rank for gdp growth?
- Lebanon ranks 211th out of 213 countries with data for 2024.
- Is gdp growth rising or falling in Lebanon?
- Over the last ten years it is down 385.0%. The long-run trend across the full record is volatile.
- 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 GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.