Personal remittances, received in Lebanon
Lebanon: Personal remittances, received was 33.3% in 2023. ▲ Rising
Personal remittances, received in Lebanon, 2002–2023
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Lebanon is 33.3%, measured in 2023. That is the highest value across all 22 years on record.
The figure is up 8.8% on the previous year and up 106.6% over ten years.
Over the whole period, personal remittances, received in Lebanon peaked at 33.3% in 2023 and was at its lowest, 12.7%, in 2018.
That places Lebanon 3rd out of 196 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 22 years of available data.
Personal remittances, received in Lebanon, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 13.3% | — |
| 2003 | 23.6% | +77.8% |
| 2004 | 26.4% | +11.9% |
| 2005 | 22.9% | -13.3% |
| 2006 | 23.6% | +3.1% |
| 2007 | 23.2% | -1.6% |
| 2008 | 24.7% | +6.1% |
| 2009 | 21.4% | -13.4% |
| 2010 | 18.0% | -15.8% |
| 2011 | 17.2% | -4.2% |
| 2012 | 15.2% | -12.0% |
| 2013 | 16.1% | +6.5% |
| 2014 | 15.0% | -7.4% |
| 2015 | 15.0% | +0.2% |
| 2016 | 14.9% | -0.8% |
| 2017 | 13.3% | -10.4% |
| 2018 | 12.7% | -4.6% |
| 2019 | 14.3% | +12.4% |
| 2020 | 20.8% | +45.6% |
| 2021 | 27.5% | +32.1% |
| 2022 | 30.7% | +11.6% |
| 2023 | 33.3% | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.4% | 13.3% | 26.4% | 8 |
| 2010s | 15.2% | 12.7% | 18.0% | 10 |
| 2020s | 28.1% | 20.8% | 33.3% | 4 |
Countries ranked near Lebanon
- 1 Tajikistan 57.7% compare
- 2 Tonga 39.2% compare
- 4 Honduras 30.1% compare
- 5 El Salvador 27.5% compare
- 6 Nicaragua 26.6% 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)
- Gross capital formation (constant 2015 US$), annual growth rate -31.63 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0035 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 15.49 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 3.47 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.5892 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 2,635 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 7.89 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 52,730 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is personal remittances, received in Lebanon?
- Personal remittances, received in Lebanon was 33.3% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Lebanon?
- The highest recorded value was 33.3% in 2023.
- What is the lowest personal remittances, received recorded in Lebanon?
- The lowest recorded value was 12.7% in 2018.
- How does Lebanon rank for personal remittances, received?
- Lebanon ranks 3rd out of 196 countries with data for 2023.
- Is personal remittances, received rising or falling in Lebanon?
- Over the last ten years it is up 106.6%. The long-run trend across the full record is rising.
- Where does this Lebanon data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.