Lebanon's net incurrence of liabilities, total (current LCU) was 1.13 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 78.9% from 5.35 trillion in 2014 (14.41% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.13 trillion | 2024 |
| Five years earlier | 9.51 trillion | 2019 |
| Ten years earlier | 5.35 trillion | 2014 |
| Highest | 9.51 trillion | 2019 |
| Lowest | 1.13 trillion | 2024 |
| Average since 2015 | 6.15 trillion | 2015–2024 |
| First recorded | 3.44 trillion |
What the numbers say
On record, the biggest yearly rise was 206% in 2008 and the biggest yearly fall was 56.9% in 2010. 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 561.1 billion a year. A straight line explains 42% of the movement over 8 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 18th highest value of the 55 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
- Ukraine — 14th of 55: 1.4 trillion
- Rwanda — 15th of 55: 1.32 trillion
- Philippines — 16th of 55: 1.28 trillion
- Burkina Faso — 18th of 55: 900.19 billion
- Brazil — 19th of 55: 865.42 billion
- Madagascar — 20th of 55: 815.64 billion
What this measures
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 26 values
| Year | Net incurrence of liabilities, total (current LCU) |
|---|---|
| 2024 | 1,129,219,938,350 |
| 2023 | no data |
| 2022 | no data |
| 2021 | 4,611,000,000,000 |
| 2020 | 5,964,000,000,000 |
| 2019 | 9,508,500,000,000 |
| 2018 | 8,487,600,000,000 |
| 2017 | 6,564,097,065,962 |
| 2016 | 6,809,025,000,000 |
| 2015 | 6,118,154,400,000 |
Net incurrence of liabilities, total (current LCU) in nearby economies
- Afghanistan — 5.07 billion (2017)
- Bahrain — 1.14 billion (2020)
- Israel — 199.01 billion (2024)
- Jordan — 2.37 billion (2023)
- Morocco — 66.44 billion (2024)
- United Arab Emirates — 12.2 billion (2024)
More public sector data for Lebanon
- Military expenditure (current USD) — 828.3 million (2025)
- Military expenditure (current LCU) — 74.02 trillion (2025)
- Military expenditure (% of GDP) — 2.51% (2025)
- Arms imports (SIPRI trend indicator values) — 9 million (2024)
- Military expenditure (% of general government expenditure) — 16.63% (2025)
- Armed forces personnel, total — 80,000 (2020)
- Armed forces personnel (% of total labor force) — 4.1% (2020)
- Net acquisition of financial assets (current LCU) — 28.69 trillion (2024)
- Net acquisition of financial assets (% of GDP) — 1.23% (2024)
- Net incurrence of liabilities, total (% of GDP)
Reading data like this
Questions people ask
- What is Lebanon's net incurrence of liabilities, total (current LCU)?
- 1.13 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is down 67.16% from 3.44 trillion in 1997 (4.04% a year on average, compounded). The highest value was 9.51 trillion in 2019 and the lowest 1.13 trillion in 2024.
- How does Lebanon rank?
- 18th highest of 55 economies with data for 2024.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator GC.LBL.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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