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Lebanon

Includes Lebanon real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Lebanon economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Lebanon best banks and safest banks are also available.

Political Crises Cripple Growth

Lebanon, a country at the crossroads of three continents, is grappling with the most severe crisis in its modern history. The economic crisis, which sparked nationwide protests against government corruption in late 2019, has been compounded by the Covid-19 pandemic and the devastating Port of Beirut explosion in August 2020.

The Lebanese economy suffered a swift GDP contraction, and the Lebanese pound plummeted, leading to soaring inflation and a surge in poverty. The banking sector stopped lending and attracting deposits. Since then, political deadlock has further complicated efforts to implement critical reforms. Lebanon’s investment climate is hampered by funding constraints, bureaucratic hurdles, and outdated regulations.

Despite these challenges, the country’s agreement with Israel in 2022 to demarcate their maritime boundary could unlock underwater hydrocarbon resources. Furthermore, tremendous growth potential lies in Lebanon’s skilled workforce, tourism appeal, and the ability to attract international aid if the government commits to reforms.

Lebanon GDP & Economic Overview

Key Facts

Total Area 10,400 sq km
Type of Government Parliamentary republic
Capital City Beirut
Total Population N/A
Median Age 28.8
Sovereign Ratings S&P D
Moody’s C
Fitch RD
Total GDP N/A
Adult Per Capita Income (PPP) USD 20,634

Trade & Finance

International Trade

Total Exports USD 17,588.53 million
Major Exports Gold
diamonds
scrap iron
wood furniture
grapes
jewelry
cars
Major Trade Partners – Export United Arab Emirates
Switzerland
Cameroon
Qatar
Egypt
Total Imports USD 4,445.36 million
Major Imports Refined petroleum
cars
packaged medicines
jewelry
gold
Major Trade Partners – Imports Turkey
Greece
China
United States
United Arab Emirates

Inbound and Outbound Investment

Data Shows Lebanon’s Debt Load To Be The Heaviest In The Middle East

The chart at left compares Lebanon’s debt-to-GDP ratio to the regional average. It illustrates how the country has failed to keep its debt burden in line with its national productive capacity.

Lebanon's Leading Companies

Banking Bank Audi
Banking Blom Bank
Digital Marketing Cleartag
Fintech Murex
Engineering Advanced Construction Technology Services
Real estate development Solidere
Supermarket Shufersal
Public industrial and commercial Electricité du Liban

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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