Services, value added (current US$), annual growth rate in Lebanon
Lebanon: Services, value added (current US$), annual growth rate was 9.05 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Lebanon, 1995–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current us$), annual growth rate in Lebanon stood at 9.05 % change on previous year.
The figure is up 116.7% on the previous year and up 83.1% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Lebanon peaked at 22.15 % change on previous year in 2004 and was at its lowest, -54.26 % change on previous year, in 2023.
Lebanon ranks 94th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Lebanon, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1995 | 19.16 % change on previous year | — |
| 1996 | 18.43 % change on previous year | -3.8% |
| 1997 | 13.88 % change on previous year | -24.7% |
| 1998 | 5.37 % change on previous year | -61.3% |
| 1999 | 2.1 % change on previous year | -60.9% |
| 2000 | 3.39 % change on previous year | +61.3% |
| 2001 | 2.12 % change on previous year | -37.3% |
| 2002 | 6.25 % change on previous year | +194.4% |
| 2003 | 3.85 % change on previous year | -38.5% |
| 2004 | 22.15 % change on previous year | +476.0% |
| 2005 | 4.64 % change on previous year | -79.1% |
| 2006 | 4.82 % change on previous year | +4.0% |
| 2007 | 9.57 % change on previous year | +98.4% |
| 2008 | 20.08 % change on previous year | +109.8% |
| 2009 | 16.11 % change on previous year | -19.8% |
| 2010 | 12.8 % change on previous year | -20.6% |
| 2011 | 6.28 % change on previous year | -50.9% |
| 2012 | 9.38 % change on previous year | +49.3% |
| 2013 | 5.22 % change on previous year | -44.4% |
| 2014 | 4.94 % change on previous year | -5.3% |
| 2015 | 3.92 % change on previous year | -20.7% |
| 2016 | 2.99 % change on previous year | -23.7% |
| 2017 | 5.38 % change on previous year | +79.8% |
| 2018 | 5.69 % change on previous year | +5.9% |
| 2019 | -3.17 % change on previous year | -155.7% |
| 2020 | -32.27 % change on previous year | +918.6% |
| 2021 | -21.44 % change on previous year | -33.5% |
| 2022 | -14.58 % change on previous year | -32.0% |
| 2023 | -54.26 % change on previous year | +272.3% |
| 2024 | 9.05 % change on previous year | -116.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.79 % change on previous year | 2.1 % change on previous year | 19.16 % change on previous year | 5 |
| 2000s | 9.3 % change on previous year | 2.12 % change on previous year | 22.15 % change on previous year | 10 |
| 2010s | 5.34 % change on previous year | -3.17 % change on previous year | 12.8 % change on previous year | 10 |
| 2020s | -22.7 % change on previous year | -54.26 % change on previous year | 9.05 % change on previous year | 5 |
Countries ranked near Lebanon
- 91 United Kingdom of Great Britain and Northern Ireland 9.19 % change on previous year compare
- 92 Guatemala 9.07 % change on previous year compare
- 93 Viet Nam 9.05 % change on previous year compare
- 95 Norway 8.99 % change on previous year compare
- 96 Nicaragua 8.94 % change on previous year compare
- 97 Equatorial Guinea 8.85 % change on previous year 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)
- Services, value added (current US$), per unit of GDP 0.3573 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,598 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 13.71 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 31,976 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 143.04 million current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate -7.14 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.9682 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 4,331 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Lebanon?
- Services, value added (current us$), annual growth rate in Lebanon was 9.05 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Lebanon?
- The highest recorded value was 22.15 % change on previous year in 2004.
- What is the lowest services, value added (current us$), annual growth rate recorded in Lebanon?
- The lowest recorded value was -54.26 % change on previous year in 2023.
- How does Lebanon rank for services, value added (current us$), annual growth rate?
- Lebanon ranks 94th out of 204 countries with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in Lebanon?
- Over the last ten years it is up 83.1%. The long-run trend across the full record is volatile.
- Where does this Lebanon data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.