Lebanon Economic Statistics and Indicators

09, Aug 2020, EDT. Welcome to the Lebanon economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Lebanon › Change country
National or Regional Currency: Lebanese Pound, LBP
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 5,882,562 (July 2014 est.)
Area: total: 10,400 sq km ; land: 10,230 sq km ; water: 170 sq km
Natural Resources: limestone, iron ore, salt, water-surplus state in a water-deficit region, arable land
Capital: name: Beirut ; geographic coordinates: 33 52 N, 35 30 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Lebanon has a free-market economy and a strong laissez-faire commercial tradition. The government does not restrict foreign investment; however, the investment climate suffers from red tape, corruption, arbitrary licensing decisions, complex customs procedures, high taxes, tariffs, and fees, archaic legislation, and weak intellectual property rights. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. The 1975-90 civil war seriously damaged Lebanon's economic infrastructure, cut national output by half, and derailed Lebanon's position as a Middle Eastern entrepot and banking hub. Following the civil war, Lebanon rebuilt much of its war-torn physical and financial infrastructure by borrowing heavily, mostly from domestic banks, which saddled the government with a huge debt burden. Pledges of economic and financial reforms made at separate international donor conferences during the 2000s have mostly gone unfulfilled, including those made during the Paris III Donor Conference in 2007 following the July 2006 war. The collapse of the MIKATI government in early 2011 over its backing of the Special Tribunal for Lebanon and the conflict in neighboring Syria slowed economic growth to the 1-2% range in 2011-13, after four years of 8% average growth. In September 2011 the Cabinet endorsed a bill that would provide $1.2 billion in funding to improve Lebanon's downtrodden electricity sector, but fiscal limitations will test the government's ability to invest in other areas, such as water.
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GDP (Constant Prices, National Currency) for Lebanon in year 2015 is LBP 62,760.20 Billion.

GDP Growth (Constant Prices, National Currency) for Lebanon in year 2015 is 1 %.

GDP (Current Prices, National Currency) for Lebanon in year 2015 is LBP 77,135.95 Billion.

GDP (Current Prices, US Dollars) for Lebanon in year 2015 is US$ 51.168 Billion.

GDP Deflator for Lebanon in year 2015 is 122.906 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Lebanon in year 2015 is LBP 13,782,473.61 .

GDP Per Capita (Current Prices, National Currency) for Lebanon in year 2015 is LBP 16,939,465.25 .

GDP Per Capita (Current Prices, US Dollars) for Lebanon in year 2015 is US$ 11,236.79 .

GDP (PPP), US Dollars for Lebanon in year 2015 is US$ 83.057 Billion.

GDP Per Capita (PPP), US Dollars for Lebanon in year 2015 is US$ 18,239.84 .

GDP Share of World Total (PPP) for Lebanon in year 2015 is 0.073 %.

Implied PPP Conversion Rate for Lebanon in year 2015 is 928.707 .

Gross National Savings (% of GDP) for Lebanon in year 2015 is -3.683 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Lebanon in year 2015 is 111.807 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Lebanon in year 2015 is -3.749 %.

Inflation, End of Year (Indexed to Year 2000) for Lebanon in year 2015 is 110.097 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Lebanon in year 2015 is -3.402 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Lebanon in year 2015 is 7.095 %.

Import Volumes of Goods Only (Percent Change) for Lebanon in year 2015 is 7.815 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Lebanon in year 2015 is 8.915 %.

Export Volumes of Goods Only (Percent Change) for Lebanon in year 2015 is -4.878 %.

Population for Lebanon in year 2015 is 4.554 Million .

General government revenue (National Currency) for Lebanon in year 2015 is LBP 15,080.66 Billions.

General government revenue (% of GDP) for Lebanon in year 2015 is 19.551 %.

General government total expenditure (National Currency) for Lebanon in year 2015 is LBP 21,963.31 Billions.

General government total expenditure (% of GDP) for Lebanon in year 2015 is 28.474 %.

Total Government Net Lending/ Borrowing (National Currency) for Lebanon in year 2015 is LBP -6,882.65 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Lebanon in year 2015 is -8.923 %.

General Government Structural Balance (National Currency) for Lebanon in year 2015 is LBP -9,093.21 Billion.

General Government Structural Balance (% Potential GDP) for Lebanon in year 2015 is -12.209 %.

Fiscal Year Gross Domestic Product, Current Prices for Lebanon in year 2015 is LBP 77,135.95 Billions.

Current Account Balance (US Dollars) for Lebanon in year 2015 is US$ -12.782 Billion.

Current Account Balance (% GDP) for Lebanon in year 2015 is -24.98 %.