Trade in services (% of GDP) in Lebanon
Lebanon: Trade in services (% of GDP) was 72.5% in 2023. ▼ Falling
Trade in services in Lebanon, 2002–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, trade in services in Lebanon stood at 72.5%.
The figure is up 2.5% on the previous year and up 19.6% over ten years.
Over the whole period, trade in services in Lebanon peaked at 106.8% in 2008 and was at its lowest, 30.8%, in 2020.
That places Lebanon 22nd out of 200 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Trade in services (% of GDP) in Lebanon, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 40.9% | — |
| 2003 | 79.5% | +94.5% |
| 2004 | 84.9% | +6.7% |
| 2005 | 87.2% | +2.8% |
| 2006 | 92.6% | +6.2% |
| 2007 | 91.6% | -1.1% |
| 2008 | 106.8% | +16.6% |
| 2009 | 87.4% | -18.1% |
| 2010 | 75.6% | -13.5% |
| 2011 | 77.0% | +1.8% |
| 2012 | 60.5% | -21.4% |
| 2013 | 60.6% | +0.1% |
| 2014 | 58.1% | -4.0% |
| 2015 | 59.3% | +2.0% |
| 2016 | 55.7% | -6.1% |
| 2017 | 54.8% | -1.6% |
| 2018 | 54.5% | -0.4% |
| 2019 | 52.0% | -4.7% |
| 2020 | 30.8% | -40.8% |
| 2021 | 46.6% | +51.4% |
| 2022 | 70.7% | +51.8% |
| 2023 | 72.5% | +2.5% |
Lebanon compared with similar countries
- Lebanon's 72.5% is above the median for lower middle income countries, which is 13.8%, 5.3× the median. (47 countries reporting)
- Lebanon's 72.5% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20.9%, 3.5× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) 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 |
|---|---|---|---|
| 2003 | +94.5% | 40.9% | 79.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 83.9% | 40.9% | 106.8% | 8 |
| 2010s | 60.8% | 52.0% | 77.0% | 10 |
| 2020s | 55.1% | 30.8% | 72.5% | 4 |
Countries ranked near Lebanon
- 19 Saint Lucia 78.2% compare
- 20 Antigua and Barbuda 78.1% compare
- 21 Curacao 75.6% compare
- 23 Turks and Caicos Islands 68.1% compare
- 24 Saint Kitts and Nevis 66.5% compare
- 25 Bahrain 64.7% 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)
- 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 trade in services in Lebanon?
- Trade in services in Lebanon was 72.5% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Lebanon?
- The highest recorded value was 106.8% in 2008.
- What is the lowest trade in services recorded in Lebanon?
- The lowest recorded value was 30.8% in 2020.
- How does Lebanon rank for trade in services?
- Lebanon ranks 22nd out of 200 countries with data for 2023.
- Is trade in services rising or falling in Lebanon?
- Over the last ten years it is up 19.6%. 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.