Services, value added in Lebanon
Lebanon: Services, value added was 830.48 trillion current LCU in 2024. ◆ Volatile
Services, value added in Lebanon, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Lebanon is 830.48 trillion current LCU, measured in 2024. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 13.7% on the previous year and up 1,453.5% over ten years.
Over the whole period, services, value added in Lebanon peaked at 830.48 trillion current LCU in 2024 and was at its lowest, 9.98 trillion current LCU, in 1994.
That places Lebanon 7th out of 206 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Lebanon, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 9.98 trillion current LCU | — |
| 1995 | 11.48 trillion current LCU | +15.0% |
| 1996 | 13.17 trillion current LCU | +14.8% |
| 1997 | 14.70 trillion current LCU | +11.6% |
| 1998 | 15.25 trillion current LCU | +3.8% |
| 1999 | 15.49 trillion current LCU | +1.5% |
| 2000 | 16.01 trillion current LCU | +3.4% |
| 2001 | 16.35 trillion current LCU | +2.1% |
| 2002 | 17.37 trillion current LCU | +6.3% |
| 2003 | 18.04 trillion current LCU | +3.8% |
| 2004 | 22.03 trillion current LCU | +22.2% |
| 2005 | 23.06 trillion current LCU | +4.6% |
| 2006 | 24.17 trillion current LCU | +4.8% |
| 2007 | 26.48 trillion current LCU | +9.6% |
| 2008 | 31.80 trillion current LCU | +20.1% |
| 2009 | 36.92 trillion current LCU | +16.1% |
| 2010 | 41.65 trillion current LCU | +12.8% |
| 2011 | 44.26 trillion current LCU | +6.3% |
| 2012 | 48.42 trillion current LCU | +9.4% |
| 2013 | 50.94 trillion current LCU | +5.2% |
| 2014 | 53.46 trillion current LCU | +4.9% |
| 2015 | 55.55 trillion current LCU | +3.9% |
| 2016 | 57.21 trillion current LCU | +3.0% |
| 2017 | 60.29 trillion current LCU | +5.4% |
| 2018 | 63.72 trillion current LCU | +5.7% |
| 2019 | 63.61 trillion current LCU | -0.2% |
| 2020 | 102.24 trillion current LCU | +60.7% |
| 2021 | 256.00 trillion current LCU | +150.4% |
| 2022 | 508.05 trillion current LCU | +98.5% |
| 2023 | 730.35 trillion current LCU | +43.8% |
| 2024 | 830.48 trillion current LCU | +13.7% |
Lebanon compared with similar countries
- Lebanon's 830.48 trillion current LCU is above the median for lower middle income countries, which is 891.96 billion current LCU, 931.1× the median. (47 countries reporting)
- Lebanon's 830.48 trillion current LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 891.96 billion current LCU, 931.1× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Lebanon changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +150.4% | 102.24 trillion current LCU | 256.00 trillion current LCU |
| 2022 | +98.5% | 256.00 trillion current LCU | 508.05 trillion current LCU |
| 2020 | +60.7% | 63.61 trillion current LCU | 102.24 trillion current LCU |
| 2023 | +43.8% | 508.05 trillion current LCU | 730.35 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.34 trillion current LCU | 9.98 trillion current LCU | 15.49 trillion current LCU | 6 |
| 2000s | 23.22 trillion current LCU | 16.01 trillion current LCU | 36.92 trillion current LCU | 10 |
| 2010s | 53.91 trillion current LCU | 41.65 trillion current LCU | 63.72 trillion current LCU | 10 |
| 2020s | 485.43 trillion current LCU | 102.24 trillion current LCU | 830.48 trillion current 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)
- 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 services, value added in Lebanon?
- Services, value added in Lebanon was 830.48 trillion current 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 830.48 trillion current LCU in 2024.
- What is the lowest services, value added recorded in Lebanon?
- The lowest recorded value was 9.98 trillion current LCU in 1994.
- How does Lebanon rank for services, value added?
- Lebanon ranks 7th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Lebanon?
- Over the last ten years it is up 1,453.5%. 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 Services, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.