Lebanon's GDP (constant LCU) was 40.18 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 37.02% from 63.8 trillion in 2014 (4.52% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 40.18 trillion | 2024 |
| Five years earlier | 59.98 trillion | 2019 |
| Ten years earlier | 63.8 trillion | 2014 |
| Highest | 65.68 trillion | 2017 |
| Lowest | 10.04 trillion | 1989 |
| Average since 2015 | 53.73 trillion | 2015–2024 |
| First recorded | 17.45 trillion |
What the numbers say
In 2024, Lebanon's GDP (constant LCU) fell 7.1% on 2023 (from 43.24 trillion to 40.18 trillion).
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 3.35 trillion 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 1st highest value of the 14 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 — 2nd of 14: 1.78 trillion
- Afghanistan — 3rd of 14: 1.08 trillion
- New Caledonia — 4th of 14: 843.63 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 varies by country. This series is expressed in local currency units.
All 37 values
| Year | GDP (constant LCU) |
|---|---|
| 2024 | 40,180,318,000,000 |
| 2023 | 43,241,790,000,000 |
| 2022 | 43,573,201,000,000 |
| 2021 | 43,845,781,000,000 |
| 2020 | 47,146,629,000,000 |
| 2019 | 59,982,912,000,000 |
| 2018 | 64,438,807,000,000 |
| 2017 | 65,676,618,000,000 |
| 2016 | 65,088,847,183,000 |
| 2015 | 64,092,497,640,000 |
GDP (constant LCU) in nearby economies
- Afghanistan — 1.08 trillion (2024)
- Algeria — 9.39 trillion (2025)
- Bahrain — 15.71 billion (2025)
- Djibouti — 706 billion (2025)
- Egypt, Arab Rep. — 8.7 trillion (2025)
- Iran, Islamic Rep. — 78,546.4 trillion (2025)
- Iraq — 207.34 trillion (2025)
- Israel — 1.74 trillion (2025)
- Jordan — 42.02 billion (2025)
- Kuwait — 41.91 billion (2025)
- Libya — 96.66 billion (2025)
- Malta — 20.4 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 GDP (constant LCU)?
- 40.18 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1988?
- It is up 130.31% from 17.45 trillion in 1988 (2.34% a year on average, compounded). The highest value was 65.68 trillion in 2017 and the lowest 10.04 trillion in 1989.
- How does Lebanon rank?
- 1st highest of 14 economies with data for 2024.
- Is the latest change in GDP (constant LCU) unusual for Lebanon?
- In 2024, Lebanon's GDP (constant LCU) fell 7.1% on 2023 (from 43.24 trillion to 40.18 trillion). 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.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in