Gross savings in Lebanon
Lebanon: Gross savings was -12.7% in 2023. ◆ Volatile
Gross savings in Lebanon, 2002–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2023, gross savings in Lebanon stood at -12.7%.
Compared with earlier readings it is up 44.5% on the previous year and down 444.5% over ten years.
Over the whole period, gross savings in Lebanon peaked at 14.3% in 2007 and was at its lowest, -22.9%, in 2022.
That places Lebanon 176th out of 178 countries with data for 2023, putting it 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 GNI | Change |
|---|---|---|
| 2002 | -4.4% | — |
| 2003 | -19.6% | +341.7% |
| 2004 | 6.7% | -134.3% |
| 2005 | 7.5% | +12.2% |
| 2006 | 10.2% | +35.4% |
| 2007 | 14.3% | +40.2% |
| 2008 | 7.9% | -44.6% |
| 2009 | 7.5% | -5.5% |
| 2010 | 5.0% | -33.4% |
| 2011 | 2.7% | -45.7% |
| 2012 | -2.5% | -193.4% |
| 2013 | -2.3% | -8.2% |
| 2014 | -3.7% | +57.7% |
| 2015 | 2.5% | -167.1% |
| 2016 | 2.1% | -14.9% |
| 2017 | -0.9% | -144.7% |
| 2018 | -3.9% | +313.1% |
| 2019 | -6.2% | +59.0% |
| 2020 | 2.3% | -137.5% |
| 2021 | -7.2% | -411.4% |
| 2022 | -22.9% | +217.9% |
| 2023 | -12.7% | -44.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | -19.6% | 14.3% | 8 |
| 2010s | -0.7% | -6.2% | 5.0% | 10 |
| 2020s | -10.1% | -22.9% | 2.3% | 4 |
Countries ranked near Lebanon
- 173 Solomon Islands 1.1% compare
- 174 Malawi -2.0% compare
- 175 Yemen -4.6% compare
- 177 Palau -12.9% compare
- 178 Timor-Leste -18.5% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0143 current US$ per US$ of GDP (2021)
- Manufacturing, value added (current US$), per capita 57.72 current US$ per person (2021)
- Manufacturing, value added (current LCU), per unit of GDP 167.72 current LCU per US$ of GDP (2021)
- Manufacturing, value added (current LCU), per capita 678,506 current LCU per person (2021)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0979 constant 2015 US$ per US$ of GDP (2021)
- Manufacturing, value added (constant 2015 US$), per capita 396.15 constant 2015 US$ per person (2021)
- Manufacturing, value added (constant LCU), per capita 435,209 constant LCU per person (2021)
- Industry (including construction), value added (current US$), annual 63.3 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Lebanon?
- Gross savings in Lebanon was -12.7% 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 14.3% in 2007.
- What is the lowest gross savings recorded in Lebanon?
- The lowest recorded value was -22.9% 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 444.5%. 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 GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.