Gross Domestic Product — Value Standard Local Currency, 2015 prices in Lebanon
Lebanon: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 50.36 million million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Lebanon, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Lebanon stood at 50.36 million million SLC.
The figure is down 7.5% on the previous year and down 32.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Lebanon peaked at 77.14 million million SLC in 2017 and was at its lowest, 12.76 million million SLC, in 1976.
Lebanon ranks 19th of 194 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Lebanon, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 32.42 million million SLC | — |
| 1971 | 35.41 million million SLC | +9.2% |
| 1972 | 39.71 million million SLC | +12.2% |
| 1973 | 41.59 million million SLC | +4.7% |
| 1974 | 42.58 million million SLC | +2.4% |
| 1975 | 29.68 million million SLC | -30.3% |
| 1976 | 12.76 million million SLC | -57.0% |
| 1977 | 23.39 million million SLC | +83.3% |
| 1978 | 22.68 million million SLC | -3.1% |
| 1979 | 24.82 million million SLC | +9.4% |
| 1980 | 25.67 million million SLC | +3.5% |
| 1981 | 25.81 million million SLC | +0.5% |
| 1982 | 16.32 million million SLC | -36.8% |
| 1983 | 20.02 million million SLC | +22.7% |
| 1984 | 28.93 million million SLC | +44.5% |
| 1985 | 35.96 million million SLC | +24.3% |
| 1986 | 33.52 million million SLC | -6.8% |
| 1987 | 39.13 million million SLC | +16.7% |
| 1988 | 28.09 million million SLC | -28.2% |
| 1989 | 16.17 million million SLC | -42.5% |
| 1990 | 20.46 million million SLC | +26.5% |
| 1991 | 28.27 million million SLC | +38.2% |
| 1992 | 29.54 million million SLC | +4.5% |
| 1993 | 31.61 million million SLC | +7.0% |
| 1994 | 34.14 million million SLC | +8.0% |
| 1995 | 36.37 million million SLC | +6.5% |
| 1996 | 38.24 million million SLC | +5.1% |
| 1997 | 37.37 million million SLC | -2.3% |
| 1998 | 38.71 million million SLC | +3.6% |
| 1999 | 38.53 million million SLC | -0.5% |
| 2000 | 39.05 million million SLC | +1.3% |
| 2001 | 40.56 million million SLC | +3.9% |
| 2002 | 41.95 million million SLC | +3.4% |
| 2003 | 43.30 million million SLC | +3.2% |
| 2004 | 46.03 million million SLC | +6.3% |
| 2005 | 47.26 million million SLC | +2.7% |
| 2006 | 47.99 million million SLC | +1.5% |
| 2007 | 52.46 million million SLC | +9.3% |
| 2008 | 57.22 million million SLC | +9.1% |
| 2009 | 63.08 million million SLC | +10.2% |
| 2010 | 68.11 million million SLC | +8.0% |
| 2011 | 68.70 million million SLC | +0.9% |
| 2012 | 70.44 million million SLC | +2.5% |
| 2013 | 73.13 million million SLC | +3.8% |
| 2014 | 74.93 million million SLC | +2.5% |
| 2015 | 75.27 million million SLC | +0.5% |
| 2016 | 76.44 million million SLC | +1.6% |
| 2017 | 77.14 million million SLC | +0.9% |
| 2018 | 75.71 million million SLC | -1.9% |
| 2019 | 70.56 million million SLC | -6.8% |
| 2020 | 53.21 million million SLC | -24.6% |
| 2021 | 54.28 million million SLC | +2.0% |
| 2022 | 54.82 million million SLC | +1.0% |
| 2023 | 54.44 million million SLC | -0.7% |
| 2024 | 50.36 million million SLC | -7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.50 million million SLC | 12.76 million million SLC | 42.58 million million SLC | 10 |
| 1980s | 26.96 million million SLC | 16.17 million million SLC | 39.13 million million SLC | 10 |
| 1990s | 33.32 million million SLC | 20.46 million million SLC | 38.71 million million SLC | 10 |
| 2000s | 47.89 million million SLC | 39.05 million million SLC | 63.08 million million SLC | 10 |
| 2010s | 73.04 million million SLC | 68.11 million million SLC | 77.14 million million SLC | 10 |
| 2020s | 53.42 million million SLC | 50.36 million million SLC | 54.82 million million SLC | 5 |
Countries ranked near Lebanon
- 16 Russian Federation 98.13 million million SLC compare
- 17 Myanmar 90.88 million million SLC compare
- 18 Kazakhstan 55.12 million million SLC compare
- 20 Hungary 44.05 million million SLC compare
- 21 Madagascar 42.51 million million SLC compare
- 22 Pakistan 41.90 million million SLC 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)
- Final consumption expenditure (constant 2015 US$), per capita 6,451 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 22.57 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.36 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 6,066 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 27.81 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 121,361 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 542.88 million current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -4.05 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Lebanon?
- Gross domestic product — value standard local currency, 2015 prices in Lebanon was 50.36 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Lebanon?
- The highest recorded value was 77.14 million million SLC in 2017.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Lebanon?
- The lowest recorded value was 12.76 million million SLC in 1976.
- How does Lebanon rank for gross domestic product — value standard local currency, 2015 prices?
- Lebanon ranks 19th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Lebanon?
- Over the last ten years it is down 32.8%. The long-run trend across the full record is rising.
- Where does this Lebanon data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).