Lebanon: GDP (constant 2015 US$)

Key figures

What the numbers say

In 2024, Lebanon's GDP (constant 2015 US$) fell 7.1% on 2023 (from US$33.69 billion to US$31.3 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +2.1% and a typical year strayed about 6.3% from that (the standard deviation). This year's change was 1.5 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 49.4% in 1991 and the biggest yearly fall was 42.5% in 1989. 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 US$2.61 billion a year. A straight line explains 87% 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 4th highest value of the 13 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

• United Arab Emirates — 1st of 13: US$457.09 billion
• Cuba — 2nd of 13: US$81.05 billion
• Afghanistan — 4th of 13: US$15.97 billion
• Bahamas, The — 5th of 13: US$13.63 billion
• Monaco — 6th of 13: US$9.55 billion

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: Each industry's contribution to growth in the economy's output is measured by growth in the industry's value added. In principle, value added in constant prices can be estimated by measuring the quantity of goods and services produced in a period, valuing them at an agreed set of base year prices, and subtracting the cost of intermediate inputs, also in constant prices. This double-deflation method requires detailed information on the structure of prices of inputs and outputs. In many industries, however, value added is extrapolated from the base year using single volume indexes of outputs or, less commonly, inputs.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 37 values

GDP (constant 2015 US$) in nearby economies

• Afghanistan — US$15.97 billion (2024)
• Algeria — US$231.62 billion (2025)
• Bahrain — US$42.56 billion (2025)
• Djibouti — US$4.1 billion (2025)
• Egypt, Arab Rep. — US$503.37 billion (2025)
• Iran, Islamic Rep. — US$519.15 billion (2025)
• Iraq — US$188.32 billion (2025)
• Israel — US$431.19 billion (2025)
• Jordan — US$52.76 billion (2025)
• Kuwait — US$121.45 billion (2025)
• Libya — US$64.4 billion (2025)
• Malta

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Lebanon's GDP (constant 2015 US$)?

US$31.3 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1988?

It is up 130.31% from US$13.59 billion in 1988 (2.34% a year on average, compounded). The highest value was US$51.16 billion in 2017 and the lowest US$7.82 billion in 1989.

How does Lebanon rank?

4th highest of 13 economies with data for 2024.

Is the latest change in GDP (constant 2015 US$) unusual for Lebanon?

In 2024, Lebanon's GDP (constant 2015 US$) fell 7.1% on 2023 (from US$33.69 billion to US$31.3 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.1% and a typical year strayed about 6.3% from that (the standard deviation). This year's change was 1.5 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 NY.GDP.MKTP.KD, 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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