Lebanon: PPP conversion factor, GDP (LCU per international $)

Key figures

What the numbers say

In 2024, Lebanon's PPP conversion factor, GDP (LCU per international $) rose 9,877 on 2023 (from 23,717 to 33,594).

Across the 30 yearly changes before that (1994 to 2023), the average change was +770.02 and a typical year strayed about 2,937 from that (the standard deviation). This year's change was 3.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 15,598 in 2023 and the biggest yearly fall was 46.4 in 2014. 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 3,068 a year. A straight line explains 63% 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 1st 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

• Afghanistan — 2nd of 10: 13.23
• Faroe Islands — 3rd of 10: 6.23
• United Arab Emirates — 4th of 10: 2.33

What this measures

The purchasing power parity (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 gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.

Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.

Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..

All 35 values

PPP conversion factor, GDP (LCU per international $) in nearby economies

• Afghanistan — 13.23 (2024)
• Algeria — 42.85 (2025)
• Bahrain — 0.16 (2025)
• Djibouti — 82.12 (2025)
• Egypt, Arab Rep. — 7.58 (2025)
• Iran, Islamic Rep. — 147,938 (2025)
• Iraq — 492.93 (2025)
• Israel — 3.49 (2025)
• Jordan — 0.3 (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

• 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 PPP conversion factor, GDP (LCU per international $)?

33,594 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 18,205% from 183.52 in 1990 (16.56% a year on average, compounded). The highest value was 33,594 in 2024 and the lowest 183.52 in 1990.

How does Lebanon rank?

1st highest of 10 economies with data for 2024.

Is the latest change in PPP conversion factor, GDP (LCU per international $) unusual for Lebanon?

In 2024, Lebanon's PPP conversion factor, GDP (LCU per international $) rose 9,877 on 2023 (from 23,717 to 33,594). Across the 30 yearly changes before that (1994 to 2023), the average change was +770.02 and a typical year strayed about 2,937 from that (the standard deviation). This year's change was 3.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator PA.NUS.PPP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… 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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