Source: world bank Nominal/PPP
Summary:
Lebanon GDP Per Capita expanded from 1988 to 2023, increasing from $3.31 to $20.08 .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.
Lebanon Economic Phases (1988 - 2023)
From 1988 to 2023, Lebanon economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1991–1998) indicating robust economic expansion
- Expansion (2005–2006) indicating steady moderate growth
- High Growth (2007–2010) indicating robust economic expansion
- High Growth (2012–2013) indicating robust economic expansion
- Expansion (2014–2018) indicating steady moderate growth
- Crisis (2020–2021) indicating severe economic downturn
- Contraction (2022–2023) indicating temporary slowdown
The most remarkable growth occurred in 1991 with an increase of 65.244%, while the largest decline was in 2020 at -38.549%.