Lebanon's GDP changed from approximately $4B 19M in 1980 to $21B 780M in 2022, showing an overall 441.8% sharply increased during the period.
The lowest GDP was recorded in 1982 at $2B 621M, and the highest in 2018 at $54B 901M.
Over the 42-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.1%.
For comparison, the average annual growth rate of Israel was 7.2%, and that of Egypt was 6.3%.
Lebanon GDP from 1980 to 2022
The total market value of goods and services produced annually in Lebanon.
Overview of Lebanon's GDP (1980–2022)
The Gross Domestic Product (GDP) of Lebanon recorded a 441.8% sharply increased from 1980 to 2022.
The average GDP during this period was $21B 99M, and the median was $17B 361M.
GDP fluctuated within a range of $52B 280M, with a standard deviation of $17B 81M.
The average annual change was $1B 171M.
Highest and Lowest GDP Records
- Lowest GDP: 1982, $2B 621M
- Highest GDP: 2018, $54B 901M
- Most Recent GDP: 2022, $21B 780M
Notable Annual GDP Changes
- 2009: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Lebanon's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $50B 880M → $24B 494M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $24B 827M → $35B 400M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $17B 18M → $17B 361M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $15B 535M → $17B 59M
- Outcome: increased
Key Economic Indicators of Lebanon (1980–2022)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 4B 19M | $ 1,552.84 | $ 6,345.09 | $ 16B 427M | 1.467 % | -3.457 % | 14.64 % | 0 % | 2M 589K people |
1981 | $ 3B 843M | $ 1,481.17 | $ 6,969.13 | $ 18B 80M | 0.55 % | -19.414 % | −1.29 % | 0 % | 2M 594K people |
1982 | $ 2B 621M | $ 1,005.59 | $ 4,656.22 | $ 12B 135M | -36.789 % | 37.814 % | 65.12 % | 0 % | 2M 606K people |
1983 | $ 3B 611M | $ 1,377.27 | $ 5,901.32 | $ 15B 474M | 22.71 % | -32.592 % | −11.02 % | 0 % | 2M 622K people |
1984 | $ 4B 269M | $ 1,618.26 | $ 8,780.39 | $ 23B 163M | 44.479 % | -27.149 % | −13.82 % | 0 % | 2M 638K people |
1985 | $ 3B 566M | $ 1,344.58 | $ 11,199.97 | $ 29B 702M | 24.3 % | -13.77 % | −6.18 % | 0 % | 2M 652K people |
1986 | $ 2B 780M | $ 1,044.67 | $ 10,616.03 | $ 28B 248M | -6.773 % | -7.555 % | −2.14 % | 0 % | 2M 661K people |
1987 | $ 3B 254M | $ 1,219.75 | $ 12,665.36 | $ 33B 790M | 16.729 % | -6.146 % | −2.22 % | 0 % | 2M 668K people |
1988 | $ 3B 269M | $ 1,217.82 | $ 9,354.62 | $ 25B 114M | -28.209 % | -21.688 % | −5.59 % | 0 % | 2M 685K people |
1989 | $ 2B 682M | $ 983.64 | $ 5,533.39 | $ 15B 86M | -42.195 % | -22.499 % | 26 % | 0 % | 2M 726K people |
1990 | $ 2B 801M | $ 999.18 | $ 4,834.21 | $ 13B 550M | -13.421 % | -39.204 % | 18.01 % | -19.196 % | 2M 803K people |
1991 | $ 4B 392M | $ 1,503.38 | $ 6,626.33 | $ 19B 360M | 38.2 % | -57.463 % | 19.55 % | -14.458 % | 2M 922K people |
1992 | $ 5B 472M | $ 1,778.90 | $ 6,726.43 | $ 20B 691M | 4.495 % | -50.529 % | 36.30 % | -18.442 % | 3M 76K people |
1993 | $ 7B 435M | $ 2,290.38 | $ 6,982 | $ 22B 664M | 7 % | -6.188 % | 23.29 % | -1.133 % | 3M 246K people |
1994 | $ 8B 988M | $ 2,641.04 | $ 7,347.81 | $ 25B 7M | 8.03 % | -6.249 % | 26.59 % | -19.26 % | 3M 403K people |
1995 | $ 10B 971M | $ 3,109.26 | $ 7,705.85 | $ 27B 189M | 6.493 % | -9.764 % | 23.62 % | -3.099 % | 3M 528K people |
1996 | $ 12B 824M | $ 3,551.80 | $ 7,977.77 | $ 28B 805M | 4.038 % | -10.266 % | 20.31 % | -12.52 % | 3M 611K people |
1997 | $ 15B 535M | $ 4,246.44 | $ 8,825.54 | $ 32B 287M | 10.19 % | -32.419 % | −3.38 % | -9.99 % | 3M 658K people |
1998 | $ 17B 59M | $ 4,618.67 | $ 9,184.71 | $ 33B 924M | 3.9 % | -29.917 % | 4.12 % | -4.31 % | 3M 694K people |
1999 | $ 17B 174M | $ 4,582.36 | $ 9,106.41 | $ 34B 128M | -0.8 % | -19.38 % | 6.01 % | -2.719 % | 3M 748K people |