Lebanon: Inflation, GDP deflator (annual % growth)

Key figures

What the numbers say

In 2024, Lebanon's inflation, GDP deflator (annual % growth) fell 157.75 percentage points on 2023 (from 202.91% to 45.16%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +5.94 percentage points and a typical year strayed about 26.41 percentage points from that (the standard deviation). This year's change was 6.2 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 90.76 percentage points in 2023 and the biggest yearly fall was 157.75 percentage points in 2024. 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 upward, about 17.29 percentage points a year. A straight line explains 51% 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 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

• Cuba — 2nd of 14: 32.22%
• Bermuda — 3rd of 14: 4.9%
• Aruba — 4th of 14: 4.14%

What this measures

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Regional and income-group figures are computed by the World Bank as a median.

All 36 values

Inflation, GDP deflator (annual % growth) in nearby economies

• Afghanistan — -8.31% (2024)
• Algeria — 0.78% (2025)
• Bahrain — 0.23% (2025)
• Djibouti — 4.58% (2025)
• Egypt, Arab Rep. — 24.96% (2025)
• Iran, Islamic Rep. — 28.78% (2025)
• Iraq — -7.03% (2025)
• Israel — 2.09% (2025)
• Jordan — 2.21% (2025)
• Kuwait — -4.97% (2025)

More financial sector data for Lebanon

• Official exchange rate (LCU per US$, period average) — US$89,500 (2025)
• Net foreign assets (current LCU) — 51.57 trillion (2017)
• Claims on central government (annual growth as % of broad money) — -21.28% (2018)
• Net domestic credit (current LCU) — 160.19 trillion (2017)
• Broad money (current LCU) — 208.34 trillion (2017)
• Claims on private sector (annual growth as % of broad money) — 2.5% (2017)
• Broad money (annual % growth) — 4.21% (2017)
• DEC alternative conversion factor (LCU per US$) — US$89,500 (2025)
• Deposit interest rate (%) — 9.7% (2019)
• Lending interest rate (%)

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 inflation, GDP deflator (annual % growth)?

45.16% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1989?

It is down 27.84 percentage points from 73% in 1989. The highest value was 202.91% in 2023 and the lowest -2.09% in 2000.

How does Lebanon rank?

2nd highest of 14 economies with data for 2024.

Is the latest change in inflation, GDP deflator (annual % growth) unusual for Lebanon?

In 2024, Lebanon's inflation, GDP deflator (annual % growth) fell 157.75 percentage points on 2023 (from 202.91% to 45.16%). Across the 30 yearly changes before that (1994 to 2023), the average change was +5.94 percentage points and a typical year strayed about 26.41 percentage points from that (the standard deviation). This year's change was 6.2 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.GDP.DEFL.KD.ZG, 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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