[ Nominal GDP in billions of USD ]
Year -
$20.08 billions
Lebanon GDP expanded from 1988 to 2023, increasing from $3.31 billion to $20.08 billion.The compound annual growth rate (CAGR) averaged 5.29% over the period. The economy recorded its peak level in 2018 and its lowest level in 1989. Growth volatility remained high. The maximum drawdown reached 63.42%, indicating the largest cyclical decline from peak levels. The country experienced 3 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2023 | 2023 |
| Latest GDP | $ 20.08 Billions | $ 72.60 Int Billions |
| Growth (YoY) | -4.353% | 2.81% |
| Net Change vs Previous Year | $ -0.91 Billion | $ 1.98 Int Billion |
| % of World GDP | 0.02% | 0.04% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | 3.31 | - | - | - | - | - |
| 1989 | 2.72 | -0.6 | -17.973 % | - | - | - |
| 1990 | 2.84 | 0.12 | 4.433 % | 10.75 | - | - |
| 1991 | 4.69 | 1.85 | 65.244 % | 16.61 | 5.86 | 54.501 % |
| 1992 | 5.84 | 1.15 | 24.586 % | 19.78 | 3.17 | 19.092 % |
| 1993 | 7.94 | 2.1 | 35.905 % | 22.43 | 2.65 | 13.391 % |
| 1994 | 9.6 | 1.66 | 20.869 % | 24.77 | 2.34 | 10.414 % |
| 1995 | 11.72 | 2.12 | 22.082 % | 26.92 | 2.15 | 8.681 % |
| 1996 | 13.69 | 1.97 | 16.823 % | 30.5 | 3.59 | 13.323 % |
| 1997 | 15.75 | 2.06 | 15.059 % | 31.36 | 0.85 | 2.798 % |
| 1998 | 17.25 | 1.5 | 9.493 % | 32.87 | 1.51 | 4.831 % |
| 1999 | 17.39 | 0.14 | 0.834 % | 33.16 | 0.29 | 0.882 % |
| 2000 | 17.26 | -0.13 | -0.751 % | 34.37 | 1.21 | 3.637 % |
| 2001 | 17.65 | 0.39 | 2.256 % | 36.49 | 2.12 | 6.178 % |
| 2002 | 19.15 | 1.5 | 8.513 % | 38.32 | 1.84 | 5.03 % |
| 2003 | 20.08 | 0.93 | 4.859 % | 40.34 | 2.02 | 5.265 % |
| 2004 | 21.16 | 1.08 | 5.362 % | 44.19 | 3.85 | 9.548 % |
| 2005 | 21.5 | 0.34 | 1.595 % | 46.8 | 2.61 | 5.905 % |
| 2006 | 22.02 | 0.53 | 2.444 % | 49 | 2.19 | 4.681 % |
| 2007 | 24.83 | 2.8 | 12.735 % | 55.01 | 6.01 | 12.272 % |
| 2008 | 29.12 | 4.29 | 17.286 % | 61.15 | 6.14 | 11.171 % |
| 2009 | 35.4 | 6.28 | 21.569 % | 67.83 | 6.67 | 10.912 % |
| 2010 | 38.44 | 3.04 | 8.6 % | 74.13 | 6.3 | 9.287 % |
| 2011 | 39.93 | 1.48 | 3.858 % | 76.31 | 2.19 | 2.948 % |
| 2012 | 44.02 | 4.09 | 10.243 % | 84.41 | 8.1 | 10.61 % |
| 2013 | 46.88 | 2.86 | 6.505 % | 93.71 | 9.3 | 11.019 % |
| 2014 | 48.1 | 1.22 | 2.592 % | 102.44 | 8.73 | 9.319 % |
| 2015 | 49.93 | 1.83 | 3.814 % | 110.33 | 7.89 | 7.701 % |
| 2016 | 51.15 | 1.22 | 2.439 % | 119.76 | 9.43 | 8.55 % |
| 2017 | 53.03 | 1.88 | 3.676 % | 129.14 | 9.38 | 7.831 % |
| 2018 | 54.9 | 1.87 | 3.534 % | 131.56 | 2.42 | 1.877 % |
| 2019 | 51.61 | -3.3 | -6.003 % | 125.8 | -5.76 | -4.379 % |
| 2020 | 31.71 | -19.89 | -38.549 % | 92.72 | -33.08 | -26.298 % |
| 2021 | 23.13 | -8.58 | -27.056 % | 66.33 | -26.39 | -28.463 % |
| 2022 | 20.99 | -2.14 | -9.249 % | 70.62 | 4.29 | 6.463 % |
| 2023 | 20.08 | -0.91 | -4.353 % | 72.6 | 1.98 | 2.81 % |
| 2024 | - | - | - | - | - | - |
Between 1988 to 2023, Lebanon experienced the following economic phases:
The most remarkable growth occurred in 1991 with an increase of 65.244%, while the largest decline was in 2020 at -38.549%.