Lebanon's final consumption expenditure (constant LCU) was 51.23 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 25.11% from 68.41 trillion in 2014 (2.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 51.23 trillion | 2024 |
| Five years earlier | 71.44 trillion | 2019 |
| Ten years earlier | 68.41 trillion | 2014 |
| Highest | 73.33 trillion | 2017 |
| Lowest | 12.38 trillion | 1990 |
| Average since 2015 | 62.61 trillion | 2015–2024 |
| First recorded | 12.38 trillion |
What the numbers say
In 2024, Lebanon's final consumption expenditure (constant LCU) fell 4% on 2023 (from 53.35 trillion to 51.23 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.2% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 53.3% in 1992 and the biggest yearly fall was 21.8% in 2020. 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 downward, about 2.92 trillion a year. A straight line explains 78% 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 3rd highest value of the 29 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
- Japan — 1st of 29: 425.05 trillion
- Iraq — 2nd of 29: 142.06 trillion
- United States — 4th of 29: 20.19 trillion
- Angola — 5th of 29: 19.13 trillion
- Kazakhstan — 6th of 29: 13.32 trillion
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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 35 values
| Year | Final consumption expenditure (constant LCU) |
|---|---|
| 2024 | 51,232,243,057,700 |
| 2023 | 53,345,250,000,000 |
| 2022 | 53,644,112,000,000 |
| 2021 | 51,940,456,000,000 |
| 2020 | 55,835,928,000,000 |
| 2019 | 71,442,470,000,000 |
| 2018 | 72,466,062,763,000 |
| 2017 | 73,332,961,563,000 |
| 2016 | 72,242,817,334,000 |
| 2015 | 70,576,770,849,000 |
Final consumption expenditure (constant LCU) in nearby economies
- Algeria — 6.55 trillion (2025)
- Bahrain — 8.15 billion (2024)
- Djibouti — 650.33 billion (2025)
- Egypt, Arab Rep. — 8.18 trillion (2025)
- Iran, Islamic Rep. — 42,653.4 trillion (2025)
- Iraq — 142.06 trillion (2024)
- Israel — 1.29 trillion (2025)
- Kuwait — 23.53 billion (2024)
- Libya — 54.45 billion (2025)
- Malta — 12.6 billion (2025)
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 final consumption expenditure (constant LCU)?
- 51.23 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 313.88% from 12.38 trillion in 1990 (4.27% a year on average, compounded). The highest value was 73.33 trillion in 2017 and the lowest 12.38 trillion in 1990.
- How does Lebanon rank?
- 3rd highest of 29 economies with data for 2024.
- Is the latest change in final consumption expenditure (constant LCU) unusual for Lebanon?
- In 2024, Lebanon's final consumption expenditure (constant LCU) fell 4% on 2023 (from 53.35 trillion to 51.23 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.2% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.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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