Lebanon's final consumption expenditure (% of GDP) was 134.15% in 2024, the latest year in the World Bank's World Development Indicators. That is up 26.82 percentage points from 107.34% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 134.15% | 2024 |
| Five years earlier | 109.26% | 2019 |
| Ten years earlier | 107.34% | 2014 |
| Highest | 144.01% | 2022 |
| Lowest | 96.55% | 2005 |
| Average since 2015 | 117.09% | 2015–2024 |
| First recorded | 135.73% | 1990 |
What the numbers say
In 2024, Lebanon's final consumption expenditure (% of GDP) fell 7.05 percentage points on 2023 (from 141.21% to 134.15%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.47 percentage points and a typical year strayed about 5.82 percentage points from that (the standard deviation). This year's change was 1.3 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 22.59 percentage points in 2022 and the biggest yearly fall was 16.43 percentage points in 1991. 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 4.94 percentage points a year. A straight line explains 79% 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 36 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
- Kiribati — 1st of 36: 162.83%
- Timor-Leste — 2nd of 36: 144.21%
- Marshall Islands — 4th of 36: 124.02%
- Tonga — 5th of 36: 119.75%
- Cuba — 6th of 36: 115.71%
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 35 values
| Year | Final consumption expenditure (% of GDP) |
|---|---|
| 2024 | 134.15 |
| 2023 | 141.21 |
| 2022 | 144.01 |
| 2021 | 121.42 |
| 2020 | 109.29 |
| 2019 | 109.26 |
| 2018 | 104.26 |
| 2017 | 102.81 |
| 2016 | 101.13 |
| 2015 | 103.34 |
| 2014 |
Final consumption expenditure (% of GDP) 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 final consumption expenditure (% of GDP)?
- 134.15% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is down 1.57 percentage points from 135.73% in 1990. The highest value was 144.01% in 2022 and the lowest 96.55% in 2005.
- How does Lebanon rank?
- 3rd highest of 36 economies with data for 2024.
- Is the latest change in final consumption expenditure (% of GDP) unusual for Lebanon?
- In 2024, Lebanon's final consumption expenditure (% of GDP) fell 7.05 percentage points on 2023 (from 141.21% to 134.15%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.47 percentage points and a typical year strayed about 5.82 percentage points from that (the standard deviation). This year's change was 1.3 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.ZS, 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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