Lebanon: GDP, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2024, Lebanon's GDP, PPP (constant 2021 international $) fell 7.1% on 2023 (from 65.42 billion to 60.78 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 21.4% 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 5.07 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 10 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 10: 765.77 billion
• Afghanistan — 2nd of 10: 83.78 billion
• Bahamas, The — 4th of 10: 14.54 billion
• Bermuda — 5th of 10: 6.74 billion
• Cayman Islands — 6th of 10: 6.03 billion

What this measures

This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

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

All 35 values

GDP, PPP (constant 2021 international $) in nearby economies

• Afghanistan — 83.78 billion (2024)
• Algeria — 753.4 billion (2025)
• Bahrain — 97.09 billion (2025)
• Djibouti — 8.55 billion (2025)
• Egypt, Arab Rep. — 2.04 trillion (2025)
• Iran, Islamic Rep. — 1.56 trillion (2025)
• Iraq — 573.26 billion (2025)
• Israel — 487.89 billion (2025)
• Jordan — 124.36 billion (2025)
• Kuwait — 234.77 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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Lebanon's GDP, PPP (constant 2021 international $)?

60.78 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 216.29% from 19.22 billion in 1990 (3.44% a year on average, compounded). The highest value was 99.35 billion in 2017 and the lowest 19.22 billion in 1990.

How does Lebanon rank?

4th highest of 10 economies with data for 2024.

Is the latest change in GDP, PPP (constant 2021 international $) unusual for Lebanon?

In 2024, Lebanon's GDP, PPP (constant 2021 international $) fell 7.1% on 2023 (from 65.42 billion to 60.78 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.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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