Net trade in goods and services in Lebanon
Lebanon: Net trade in goods and services was -11.54 billion BoP, current US$ in 2023. ▼ Falling
Net trade in goods and services in Lebanon, 2002–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Lebanon recorded -11.54 billion BoP, current US$ for net trade in goods and services in 2023.
That represents a change of up 4.5% on the previous year and up 13.5% over ten years.
Over the whole period, net trade in goods and services in Lebanon peaked at -2.03 billion BoP, current US$ in 2003 and was at its lowest, -14.40 billion BoP, current US$, in 2014.
Lebanon ranks 182nd of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Net trade in goods and services in Lebanon, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2002 | -3.75 billion BoP, current US$ | — |
| 2003 | -2.03 billion BoP, current US$ | -45.9% |
| 2004 | -5.30 billion BoP, current US$ | +161.4% |
| 2005 | -3.62 billion BoP, current US$ | -31.7% |
| 2006 | -3.27 billion BoP, current US$ | -9.8% |
| 2007 | -5.11 billion BoP, current US$ | +56.4% |
| 2008 | -6.90 billion BoP, current US$ | +34.9% |
| 2009 | -8.34 billion BoP, current US$ | +20.9% |
| 2010 | -9.49 billion BoP, current US$ | +13.8% |
| 2011 | -7.63 billion BoP, current US$ | -19.7% |
| 2012 | -11.91 billion BoP, current US$ | +56.1% |
| 2013 | -13.34 billion BoP, current US$ | +12.1% |
| 2014 | -14.40 billion BoP, current US$ | +7.9% |
| 2015 | -11.43 billion BoP, current US$ | -20.6% |
| 2016 | -12.11 billion BoP, current US$ | +6.0% |
| 2017 | -13.13 billion BoP, current US$ | +8.5% |
| 2018 | -13.62 billion BoP, current US$ | +3.7% |
| 2019 | -12.94 billion BoP, current US$ | -5.0% |
| 2020 | -6.43 billion BoP, current US$ | -50.3% |
| 2021 | -7.98 billion BoP, current US$ | +24.1% |
| 2022 | -12.09 billion BoP, current US$ | +51.5% |
| 2023 | -11.54 billion BoP, current US$ | -4.5% |
Lebanon compared with similar countries
- Lebanon's -11.54 billion BoP, current US$ is below the median for lower middle income countries, which is -1.21 billion BoP, current US$, 9.6× the median. (47 countries reporting)
- Lebanon's -11.54 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 340.95 million BoP, current US$. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.79 billion BoP, current US$ | -8.34 billion BoP, current US$ | -2.03 billion BoP, current US$ | 8 |
| 2010s | -12.00 billion BoP, current US$ | -14.40 billion BoP, current US$ | -7.63 billion BoP, current US$ | 10 |
| 2020s | -9.51 billion BoP, current US$ | -12.09 billion BoP, current US$ | -6.43 billion BoP, current US$ | 4 |
Countries ranked near Lebanon
- 179 El Salvador -8.83 billion BoP, current US$ compare
- 180 Mexico -10.66 billion BoP, current US$ compare
- 181 Nepal -10.96 billion BoP, current US$ compare
- 183 Ethiopia -11.95 billion BoP, current US$ compare
- 184 Belgium -13.81 billion BoP, current US$ compare
- 185 Greece -13.93 billion BoP, current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 390.72 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.015 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 67.3 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.84 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 181.11 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0709 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 317.35 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 21.14 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services in Lebanon?
- Net trade in goods and services in Lebanon was -11.54 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Lebanon?
- The highest recorded value was -2.03 billion BoP, current US$ in 2003.
- What is the lowest net trade in goods and services recorded in Lebanon?
- The lowest recorded value was -14.40 billion BoP, current US$ in 2014.
- How does Lebanon rank for net trade in goods and services?
- Lebanon ranks 182nd out of 200 countries with data for 2023.
- Is net trade in goods and services rising or falling in Lebanon?
- Over the last ten years it is up 13.5%. The long-run trend across the full record is falling.
- Where does this Lebanon data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.