Lebanon: Services, value added (constant 2015 US$)

Key figures

What the numbers say

In 2024, Lebanon's services, value added (constant 2015 US$) fell 7.1% on 2023 (from US$27.08 billion to US$25.14 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +2.5% and a typical year strayed about 6.7% from that (the standard deviation). This year's change was 1.4 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 23.1% in 2004 and the biggest yearly fall was 18.3% 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 US$1.6 billion a year. A straight line explains 86% 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 8th highest value of the 26 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

• New Zealand — 5th of 26: US$151.5 billion
• Cuba — 6th of 26: US$64.37 billion
• Macao SAR, China — 7th of 26: US$42.32 billion
• Bolivia — 9th of 26: US$18.56 billion
• Trinidad and Tobago — 10th of 26: US$14.02 billion
• Papua New Guinea — 11th of 26: US$12.86 billion

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 34 values

Services, value added (constant 2015 US$) in nearby economies

• Afghanistan — US$6.51 billion (2024)
• Algeria — US$125.12 billion (2025)
• Bahrain — US$25.9 billion (2025)
• Djibouti — US$3.06 billion (2025)
• Egypt, Arab Rep. — US$274.48 billion (2025)
• Iran, Islamic Rep. — US$270.23 billion (2025)
• Iraq — US$117.49 billion (2025)
• Israel — US$290.63 billion (2024)
• Jordan — US$29.71 billion (2025)
• Kuwait — US$83.9 billion (2025)

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 services, value added (constant 2015 US$)?

US$25.14 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 135.34% from US$10.68 billion in 1991 (2.63% a year on average, compounded). The highest value was US$37.63 billion in 2017 and the lowest US$10.68 billion in 1991.

How does Lebanon rank?

8th highest of 26 economies with data for 2024.

Is the latest change in services, value added (constant 2015 US$) unusual for Lebanon?

In 2024, Lebanon's services, value added (constant 2015 US$) fell 7.1% on 2023 (from US$27.08 billion to US$25.14 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.5% and a typical year strayed about 6.7% from that (the standard deviation). This year's change was 1.4 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 NV.SRV.TOTL.KD, 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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