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%.
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.
Lebanon GDP from 1980 to 2022
The total market value of goods and services produced annually in Lebanon.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
