Lebanon: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | The Lebanese economy is service-oriented; main growth sectors include banking and tourism. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2018): China, Greece, and Italy |
| Top Industries Source: CIA World Factbook | Banking; Tourism; Food Processing; Wine |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $83,876,208,559 (2020) |
| GDP Growth Rate (annual %) | -20.3% (2020) |
| GDP Per Capita, PPP (current international) | $12,289 (2020) |
GDP Country Rank 95/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 84.864% (2020) |
| External debt stocks, total (DOD, current US$) | $73,985,005,358 (2019) |
| Total tax rate (% of commercial profits) | 32.2% (2019) |
| Real Interest Rate (5 year average %) | 5.737% (2019) |
| Manufacturing, value added (% of GDP) | 2.699% (2020) |
| Current Account Balance (BoP, current US$) | ($11,539,788,231) (2019) |
Labor and Employment [1]
| Labor Force, Total | 2,317,840 (2020) |
| Employment in Agriculture (% of total employment) | 13.393% (2020) |
| Employment in Industry (% of total employment) | 22.297% (2020) |
| Employment in Services (% of total employment) | 64.311% (2020) |
| Unemployment Rate | 6.61% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $14,966,786,047 (2020) |
| Exports of goods and services (current US$) | $8,977,000,000 (2020) |
| Total Merchandise Trade (% of GDP) | 46.062% (2020) |
| FDI, net inflows (BoP, current US$) | $2,223,271,880 (2019) |
| Commercial Service Exports (current US$) | $13,581,772,019 (2019) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Lebanon’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.