The economic architecture of Lebanon is substantial, anchored by a Gross Domestic Product (GDP) of approximately $20.99B
2022
. This places it as the 118th largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $3.65K
2022
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $70.62B, offering a clearer picture of the population's domestic purchasing power. The economy is facing headwinds, marked by a contraction of -0.6%
2022
, a situation complicated by severe inflationary pressures (CPI at 45.2%), indicating potential stagflation.
2024
On the global stage, Lebanon's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 80.1% of GDP and exports at 34.8%
2022
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 2.51% of the economy
2022
. This performance positions the country 74th globally out of 187 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $6.7B annually
2023
. The government operates under fiscal constraints, with a limited tax base that generates revenue equivalent to only 5.7% of GDP.
2021
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $4,170
2022
, ranking the nation 122nd out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The country confronts significant labor market challenges, evidenced by a high unemployment rate of 11.5%.
2023
A key feature of the workforce is its concentration in the services sector, which accounts for 76.2% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 27.4% of the population living below the national poverty line
2012
. The country achieves a relatively equitable distribution of income, reflected in a low Gini index of 31.8.
2011
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 617.483 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 6.8%
2021
. This commitment places it 38th among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 24.67K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

The economy faces a severe stagflationary environment, where high unemployment and high inflation are coupled with economic stagnation.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.