Gross savings in Lebanon
Lebanon: Gross savings was -12.5% in 2023. ◆ Volatile
Gross savings in Lebanon, 2002–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Lebanon recorded -12.5% for gross savings in 2023.
The figure is up 42.4% on the previous year and down 441.0% over ten years.
Over the whole period, gross savings in Lebanon peaked at 14.7% in 2007 and was at its lowest, -21.8%, in 2022.
Lebanon ranks 176th of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Lebanon, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | -4.2% | — |
| 2003 | -16.4% | +286.2% |
| 2004 | 6.5% | -139.5% |
| 2005 | 7.5% | +15.6% |
| 2006 | 10.3% | +37.6% |
| 2007 | 14.7% | +43.4% |
| 2008 | 8.1% | -45.4% |
| 2009 | 7.5% | -7.4% |
| 2010 | 4.9% | -33.8% |
| 2011 | 2.7% | -45.3% |
| 2012 | -2.5% | -193.6% |
| 2013 | -2.3% | -8.2% |
| 2014 | -3.6% | +56.6% |
| 2015 | 2.4% | -167.2% |
| 2016 | 2.1% | -15.4% |
| 2017 | -0.9% | -145.3% |
| 2018 | -3.8% | +306.3% |
| 2019 | -6.0% | +58.4% |
| 2020 | 2.2% | -137.2% |
| 2021 | -6.6% | -395.4% |
| 2022 | -21.8% | +229.9% |
| 2023 | -12.5% | -42.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.2% | -16.4% | 14.7% | 8 |
| 2010s | -0.7% | -6.0% | 4.9% | 10 |
| 2020s | -9.7% | -21.8% | 2.2% | 4 |
Countries ranked near Lebanon
- 173 Solomon Islands 1.1% compare
- 174 Malawi -2.0% compare
- 175 Yemen -4.5% compare
- 177 Palau -13.0% compare
- 178 Timor-Leste -21.1% 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -0.0994 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.453 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 2,026 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -6.83 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -11.4 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 45.85 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 935.33 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.18 million current LCU per person (2024)
Frequently asked questions
- What is gross savings in Lebanon?
- Gross savings in Lebanon was -12.5% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Lebanon?
- The highest recorded value was 14.7% in 2007.
- What is the lowest gross savings recorded in Lebanon?
- The lowest recorded value was -21.8% in 2022.
- How does Lebanon rank for gross savings?
- Lebanon ranks 176th out of 178 countries with data for 2023.
- Is gross savings rising or falling in Lebanon?
- Over the last ten years it is down 441.0%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.