Economy of Lebanon
Population: 6.85 M (2018)
GDP per Capita: 8,270 USD (2018)
56,640 M.

GDP USD

(2018)

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13,220 M.

EXPORTS USD

(2018)

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22,430 M.

IMPORTS USD

(2018)

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151.00 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.20 % (2018)
GDP of 2010 USD USD 42.80 B. (2018)
GDP Current USD USD 56.64 B. (2018)
GDP per Capita Current USD USD 8,270 (2018)
GDP per capita, PPP USD 11,607 (2018)
GDP per Capita, 2010 USD USD 6,250 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 13.67 % (2018)
Government Spending USD 7.74 B. (2018)
Government Debt % GDP 151.00 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 108.92 (2018)
Trade Openness 62.95 % (2018)
Exports of Goods and Services % GDP 23.34 % (2018)
Exports Goods & Services USD 13.22 B. (2018)
Exports Annual Growth 8.41 % (2018)
Imports as % GDP 39.61 % (2018)
Total Imports USD 22.43 B. (2018)
Foreign Direct Investment % GDP 4.65 % (2018)
Foreign Direct Investment USD 2.88 B. (2018)
Current Account Balance % GDP USD -21.97 % (2018)
Current Account Balance USD -12.45 B. (2018)
Trade Balance % GDP -16.27 % (2018)
Trade Balance USD -13.71 B. (2018)
Foreign Exchange Reserves incl Gold USD 52.38 B. (2018)
Remittances % GDP 12.72 % (2018)
Remittances USD 6,397 M. (2018)
Balance of Payments USD 5,279 M. (2018)

Labor Market

Indicator Value
Labor Force 2.41 M. (2019)
Unemployment Rate 6.20 % (2019)
Unemployment Rate Females 9.88 % (2019)
Unemployment Rate Males 5.05 % (2019)
Youth Unemployment (ages 15-24) 17.62 % (2019)
Labor Force Participation Rate 47.32 % (2019)
Labor Force (Percent Female) 24.46 % (2019)
Female Labor Force Participation Rate 23.54 % (2019)
Male Labor Force Participation Rate 71.00 % (2019)
Dependent People 49.47 % (2018)

Agriculture Sector

Indicator Value
Forest Area 13.40 % (2016)
Forest Area km² 1,374 km² (2016)
Agricultural Land 64.32 % (2016)
Agricultural Land km² 6,580 km² (2016)
Employment 11.94 % (2019)
Value added % GDP 2.92 % (2018)
Agriculture Value added USD 1.65 B. (2018)
Crop Production Index 94.40 (2016)
Precipitation 661 mm (2014)
Arable Land 13 % (2016)
Cereal Yield 3,051 kg/hectare (2017)
Food production index 88 (2016)
Rural Population 11 % (2018)
Fertilizer use of Arable Land 331 kg/hectare (2016)
Livestock Production Index 75 (2016)
Economy of Lebanon

According to the World Bank and its latest published data, the economy of the Lebanon presents a growth rate of 0.20 % (2018) to the previous year.

With a population that reaches 6.85 M (2018) and a gross domestic product of USD 56.64 B. (2018), it translates a Gross Domestic Product per Capita of USD 8,270 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Lebanon also has a workforce of 2.41 M. (2019) with an unemployment rate of 6.20 % (2019), where women represent 9.88 % (2019) and men 5.05 % (2019), the unemployment rate for young people between 15-24 years old stood at 17.62 % (2019). The total number of dependent people stands at 49.47 % (2018).

The central government spent 13.67 % (2018) of its gross domestic product that year, which in absolute terms is USD 7.74 B. (2018). Its consolidated public debt reached 151.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Lebanon exported USD 13.22 B. (2018), which represents 23.34 % (2018) of its gross domestic product, in that same sense its imports reached USD 22.43 B. (2018) with a direct foreign investment of USD 2.88 B. (2018).

Lebanon has a forest area of 1,374 km² (2016), which represents 13.40 % (2016) of its total area, an average rainfall of 661 mm (2014) per year and a population of 11 % (2018) living in rural areas. With a total area of 6,580 km² (2016) available for agriculture and 11.94 % (2019) of its employments, the agricultural sector contributes to the economy of the Lebanon about USD 1.65 B. (2018) (2.92 % (2018) of its GDP).