Lebanon's external balance on goods and services (constant LCU) was -11.17 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 45.06% from -20.34 trillion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -11.17 trillion | 2024 |
| Five years earlier | -22.15 trillion | 2019 |
| Ten years earlier | -20.34 trillion | 2014 |
| Highest | -9.6 trillion | 2021 |
| Lowest | -26.23 trillion | 2018 |
| Average since 2015 | -17.43 trillion | 2015–2024 |
| First recorded | -14.52 trillion |
What the numbers say
In 2024, Lebanon's external balance on goods and services (constant LCU) fell 891.54 billion on 2023 (from -10.28 trillion to -11.17 trillion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +325.72 billion and a typical year strayed about 3.44 trillion from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 8.8 trillion in 2020 and the biggest yearly fall was 3.59 trillion in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.99 trillion a year. A straight line explains 73% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Lebanon had the 18th highest value of the 18 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Lebanon in the 2024 ranking
- Angola — 15th of 18: -919.98 billion
- United States — 16th of 18: -984.55 billion
- Kazakhstan — 17th of 18: -2.08 trillion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 15 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -11,174,954,000,000 |
| 2023 | -10,283,412,000,000 |
| 2022 | -10,243,178,000,000 |
| 2021 | -9,603,906,000,000 |
| 2020 | -13,349,058,000,000 |
| 2019 | -22,149,257,000,000 |
| 2018 | -26,231,012,727,000 |
| 2017 | -24,762,704,111,000 |
| 2016 | -24,587,042,933,000 |
| 2015 | -21,913,168,816,000 |
External balance on goods and services (constant LCU) in nearby economies
More economic policy & debt data for Lebanon
- Total reserves, including gold (current US$) — US$33.3 billion (2024)
- Total reserves, excluding gold (current US$) — US$9.24 billion (2024)
- Grants, excluding technical cooperation (BoP, current US$) — US$1.42 billion (2023)
- Technical cooperation grants (BoP, current US$) — US$330.71 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$1.43 billion (2023)
- Net official development assistance and official aid received (current US$) — US$1.75 billion (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$1.75 billion (2023)
- Net official development assistance received (current US$) — US$1.75 billion (2023)
Reading data like this
Questions people ask
- What is Lebanon's external balance on goods and services (constant LCU)?
- -11.17 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 23.03% from -14.52 trillion in 2010. The highest value was -9.6 trillion in 2021 and the lowest -26.23 trillion in 2018.
- How does Lebanon rank?
- 18th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Lebanon?
- In 2024, Lebanon's external balance on goods and services (constant LCU) fell 891.54 billion on 2023 (from -10.28 trillion to -11.17 trillion). Across the 13 yearly changes before that (2011 to 2023), the average change was +325.72 billion and a typical year strayed about 3.44 trillion from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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