Lebanon's gross savings (% of GDP) was -12.55% in 2023, the latest year in the World Bank's World Development Indicators. That is down 10.23 percentage points from -2.32% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -12.55% | 2023 |
| Five years earlier | -3.8% | 2018 |
| Ten years earlier | -2.32% | 2013 |
| Highest | 14.75% | 2007 |
| Lowest | -21.78% | 2022 |
| Average since 2014 | -4.86% | 2014–2023 |
| First recorded | -4.24% | 2002 |
What the numbers say
In 2023, Lebanon's gross savings (% of GDP) rose 9.24 percentage points on 2022 (from -21.78% to -12.55%).
Across the 20 yearly changes before that (2003 to 2022), the average change was −0.88 percentage points and a typical year strayed about 7.96 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above 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 22.82 percentage points in 2004 and the biggest yearly fall was 15.18 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is downward, about 1.73 percentage points a year. A straight line explains 48% 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
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Lebanon | -12.55% | 2023 |
| World | 26.05% | 2024 |
| Lower middle income | 28.16% | 2025 |
Closest to Lebanon in the 2023 ranking
What this measures
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 22 values
| Year | Gross savings (% of GDP) |
|---|---|
| 2023 | -12.55 |
| 2022 | -21.78 |
| 2021 | -6.6 |
| 2020 | 2.24 |
| 2019 | -6.02 |
| 2018 | -3.8 |
| 2017 | -0.9349 |
| 2016 | 2.06 |
| 2015 | 2.44 |
| 2014 | -3.63 |
| 2013 |
Gross savings (% 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 gross savings (% of GDP)?
- -12.55% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 8.31 percentage points from -4.24% in 2002. The highest value was 14.75% in 2007 and the lowest -21.78% in 2022.
- Is the latest change in gross savings (% of GDP) unusual for Lebanon?
- In 2023, Lebanon's gross savings (% of GDP) rose 9.24 percentage points on 2022 (from -21.78% to -12.55%). Across the 20 yearly changes before that (2003 to 2022), the average change was −0.88 percentage points and a typical year strayed about 7.96 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NY.GNS.ICTR.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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