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 3 Exported Goods (2016): Precious Stones & Metals, Industrial Machinery, and Electrical Machinery

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)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 88/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

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)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank