Lebanon: Economy
|
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 |
|
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. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2016): China, Italy, and United States |
| Top Industries Source: CIA World Factbook | Banking; Tourism; Food Processing; Wine |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $89,262,508,158 (2017) |
| GDP Growth Rate (annual %) | 2.021% (2017) |
| GDP Per Capita, PPP (current international) | $14,676 (2017) |
GDP Country Rank 88/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | -0.815% (2016) |
| External debt stocks, total (DOD, current US$) | $31,960,710,000 (2016) |
| Total tax rate (% of commercial profits) | 30.3% (2017) |
| Real Interest Rate (5 year average %) | 5.498% (2017) |
| Manufacturing, value added (% of GDP) | 5.045% (2017) |
| Current Account Balance (BoP, current US$) | ($10,555,373,023) (2016) |
Labor and Employment [1]
| Labor Force, Total | 2,207,590 (2017) |
| Employment in Agriculture (% of total employment) | 3.244% (2017) |
| Employment in Industry (% of total employment) | 20.266% (2017) |
| Employment in Services (% of total employment) | 76.491% (2017) |
| Unemployment Rate | 6.641% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $24,039,327,402 (2017) |
| Exports of goods and services (current US$) | $12,236,685,012 (2017) |
| Total Merchandise Trade (% of GDP) | 46.553% (2017) |
| FDI, net inflows (BoP, current US$) | $2,610,181,957 (2016) |
| Commercial Service Exports (current US$) | $14,899,541,021 (2016) |
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.