Lebanon's gross Value Added (GVA) at basic prices (constant LCU) was 39.13 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 31.2% from 56.87 trillion in 2014 (3.67% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 39.13 trillion | 2024 |
| Five years earlier | 53.6 trillion | 2019 |
| Ten years earlier | 56.87 trillion | 2014 |
| Highest | 58.05 trillion | 2017 |
| Lowest | 11.02 trillion | 1989 |
| Average since 2015 | 49.44 trillion | 2015–2024 |
| First recorded | 11.02 trillion |
What the numbers say
In 2024, Lebanon's gross Value Added (GVA) at basic prices (constant LCU) fell 7.1% on 2023 (from 42.11 trillion to 39.13 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.3% and a typical year strayed about 5.9% from that (the standard deviation). This year's change was 1.6 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 32.1% in 1991 and the biggest yearly fall was 15.9% 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 2.39 trillion a year. A straight line explains 88% 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 2nd highest value of the 25 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
- Japan — 1st of 25: 587.58 trillion
- United Arab Emirates — 3rd of 25: 1.78 trillion
- Israel — 4th of 25: 1.54 trillion
- Afghanistan — 5th of 25: 1.02 trillion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 36 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2024 | 39,131,235,000,000 |
| 2023 | 42,106,223,000,000 |
| 2022 | 42,457,212,000,000 |
| 2021 | 42,717,968,000,000 |
| 2020 | 45,096,279,000,000 |
| 2019 | 53,597,451,000,000 |
| 2018 | 57,071,871,000,000 |
| 2017 | 58,054,985,704,000 |
| 2016 | 57,467,886,726,000 |
| 2015 | 56,658,264,397,000 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Afghanistan — 1.02 trillion (2024)
- Algeria — 8.69 trillion (2025)
- Bahrain — 14.99 billion (2025)
- Djibouti — 664.36 billion (2025)
- Egypt, Arab Rep. — 8.25 trillion (2025)
- Iran, Islamic Rep. — 76,213.2 trillion (2025)
- Iraq — 207.34 trillion (2025)
- Israel — 1.54 trillion (2024)
- Jordan — 37.56 billion (2025)
- Kuwait
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 Value Added (GVA) at basic prices (constant LCU)?
- 39.13 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1989?
- It is up 255.05% from 11.02 trillion in 1989 (3.69% a year on average, compounded). The highest value was 58.05 trillion in 2017 and the lowest 11.02 trillion in 1989.
- How does Lebanon rank?
- 2nd highest of 25 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (constant LCU) unusual for Lebanon?
- In 2024, Lebanon's gross Value Added (GVA) at basic prices (constant LCU) fell 7.1% on 2023 (from 42.11 trillion to 39.13 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.3% and a typical year strayed about 5.9% from that (the standard deviation). This year's change was 1.6 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.FCST.KN, 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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