Services, value added (constant LCU) in Lebanon
Lebanon: Services, value added (constant LCU) was 31.49 trillion constant LCU in 2024. ▲ Rising
Services, value added in Lebanon, 1991–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Lebanon recorded 31.49 trillion constant LCU for services, value added in 2024.
That represents a change of down 7.1% on the previous year and down 30.8% over ten years.
Over the whole period, services, value added in Lebanon peaked at 47.14 trillion constant LCU in 2017 and was at its lowest, 13.38 trillion constant LCU, in 1991.
That places Lebanon 22nd out of 199 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Services, value added (constant LCU) in Lebanon, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1991 | 13.38 trillion constant LCU | — |
| 1992 | 15.55 trillion constant LCU | +16.2% |
| 1993 | 17.11 trillion constant LCU | +10.0% |
| 1994 | 18.50 trillion constant LCU | +8.2% |
| 1995 | 19.25 trillion constant LCU | +4.0% |
| 1996 | 21.67 trillion constant LCU | +12.6% |
| 1997 | 21.72 trillion constant LCU | +0.2% |
| 1998 | 22.10 trillion constant LCU | +1.8% |
| 1999 | 21.65 trillion constant LCU | -2.0% |
| 2000 | 22.43 trillion constant LCU | +3.6% |
| 2001 | 23.52 trillion constant LCU | +4.9% |
| 2002 | 23.32 trillion constant LCU | -0.8% |
| 2003 | 23.56 trillion constant LCU | +1.0% |
| 2004 | 29.01 trillion constant LCU | +23.1% |
| 2005 | 29.98 trillion constant LCU | +3.4% |
| 2006 | 30.65 trillion constant LCU | +2.2% |
| 2007 | 32.63 trillion constant LCU | +6.5% |
| 2008 | 35.18 trillion constant LCU | +7.8% |
| 2009 | 38.36 trillion constant LCU | +9.0% |
| 2010 | 41.65 trillion constant LCU | +8.6% |
| 2011 | 42.09 trillion constant LCU | +1.1% |
| 2012 | 42.71 trillion constant LCU | +1.5% |
| 2013 | 44.17 trillion constant LCU | +3.4% |
| 2014 | 45.50 trillion constant LCU | +3.0% |
| 2015 | 46.16 trillion constant LCU | +1.4% |
| 2016 | 46.66 trillion constant LCU | +1.1% |
| 2017 | 47.14 trillion constant LCU | +1.0% |
| 2018 | 46.50 trillion constant LCU | -1.3% |
| 2019 | 44.34 trillion constant LCU | -4.6% |
| 2020 | 36.24 trillion constant LCU | -18.3% |
| 2021 | 34.48 trillion constant LCU | -4.9% |
| 2022 | 34.27 trillion constant LCU | -0.6% |
| 2023 | 33.91 trillion constant LCU | -1.0% |
| 2024 | 31.49 trillion constant LCU | -7.1% |
Lebanon compared with similar countries
- Lebanon's 31.49 trillion constant LCU is above the median for lower middle income countries, which is 455.52 billion constant LCU, 69.1× the median. (47 countries reporting)
- Lebanon's 31.49 trillion constant LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 525.45 billion constant LCU, 59.9× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.99 trillion constant LCU | 13.38 trillion constant LCU | 22.10 trillion constant LCU | 9 |
| 2000s | 28.86 trillion constant LCU | 22.43 trillion constant LCU | 38.36 trillion constant LCU | 10 |
| 2010s | 44.69 trillion constant LCU | 41.65 trillion constant LCU | 47.14 trillion constant LCU | 10 |
| 2020s | 34.08 trillion constant LCU | 31.49 trillion constant LCU | 36.24 trillion constant LCU | 5 |
Countries ranked near Lebanon
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)
- SDRs holdings, US dollar, annual growth rate -18.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2024)
- SDRs holdings, US dollar, per capita 1.42 units per person (2025)
- SDRs holdings, SDR, annual growth rate -22.54 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2024)
- SDRs holdings, SDR, per capita 1.03 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0255 units per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Lebanon?
- Services, value added in Lebanon was 31.49 trillion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Lebanon?
- The highest recorded value was 47.14 trillion constant LCU in 2017.
- What is the lowest services, value added recorded in Lebanon?
- The lowest recorded value was 13.38 trillion constant LCU in 1991.
- How does Lebanon rank for services, value added?
- Lebanon ranks 22nd out of 199 countries with data for 2024.
- Is services, value added rising or falling in Lebanon?
- Over the last ten years it is down 30.8%. The long-run trend across the full record is rising.
- Where does this Lebanon data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.