Lebanon GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Lebanon expanded 1 percent in 2013 from the previous year. GDP Annual Growth Rate in Lebanon is reported by the Banque du Liban. GDP Annual Growth Rate in Lebanon averaged 4.55 Percent from 1971 until 2013, reaching an all time high of 83.28 Percent in 1977 and a record low of -56.99 Percent in 1976. Lebanon has a services oriented economy, with banking and tourism being the most important sectors. Due to the Israeli occupation and civil wars, the government had to pledge most of its resources towards constant reconstruction efforts, causing a high level of public debt. As a result, Lebanon depends on foreign aid in order to undergo reforms and strengthen the economy. Despite being a relatively free economy, foreign direct investments are hampered by bureaucracy, corruption and high taxes. The civil war in Syria, which started in 2011, has been slowly destabilizing Lebanon, resulting in decreasing foreign direct investments and a significant reduction in tourism. This page provides - Lebanon GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.00 1.50 83.28 -56.99 0.50 | 2014/06 1971 - 2013 Percent Yearly

TO

Lebanon GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 42.95 2012-12-31 40.09 42.95 2.72 47.22 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 1.00 2013-12-31 1.50 83.28 -56.99 0.50 2014-06-30 Percent [+]
GDP Constant Prices 46593800.00 2012-06-29 45905300.00 46593800.00 8969617.28 46581649.74 2012-12-31 LBP Million [+]
GDP per capita 7079.12 2012-12-31 7048.44 7079.12 2807.70 7178.24 2014-06-30 USD [+]
GDP per capita PPP 12591.80 2012-12-31 12537.23 12591.80 4994.12 12768.11 2014-06-30 USD [+]
[+]


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Lebanon Balance of Trade at -1478.94 USD Million  
Lebanon recorded a trade deficit of 1478.94 USD Million in February of 2014. Balance of Trade in Lebanon is reported by the Banque du Liban.
Lebanon Capital Flows at 1194.60 USD Million  
Capital Flows in Lebanon increased to 1194.60 USD Million in the second quarter of 2013 from -380 USD Million in the first quarter of 2013. Capital Flows in Lebanon is reported by the Banque Du Liban.
Lebanon Consumer Price Index (CPI) at 101.76 Index Points  
Consumer Price Index (CPI) in Lebanon increased to 101.76 Index Points in March of 2014 from 100.18 Index Points in February of 2014. Consumer Price Index (CPI) in Lebanon is reported by the Central Administration of Statistics, Republic of Lebanon.
Lebanon Consumer Spending at 38005100.00 LBP Million  
Consumer Spending in Lebanon increased to 38005100 LBP Million in 2012 from 36558600 LBP Million in 2011. Consumer Spending in Lebanon is reported by the SESRIC.
Lebanon Current Account at 193.70 USD Million  
Lebanon recorded a Current Account surplus of 193.70 USD Million in February of 2014. Current Account in Lebanon is reported by the Banque du Liban.
Lebanon Exports at 253.06 USD Million  
Exports in Lebanon increased to 253.06 USD Million in February of 2014 from 243.98 USD Million in January of 2014. Exports in Lebanon is reported by the Banque du Liban.
Lebanon GDP Constant Prices at 46593800.00 LBP Million  
GDP Constant Prices in Lebanon increased to 46593800 LBP Million in 2012 from 45905300 LBP Million in 2011. GDP Constant Prices in Lebanon is reported by the SESRIC.
Lebanon Government Budget Value at -207397.00 LBP Million  
Lebanon recorded a government budget deficit of 207397 LBP Million in December of 2013. Government Budget Value in Lebanon is reported by the Ministry Of Finance, Republic of Lebanon.
Lebanon Government Spending at 8069880.00 LBP Million  
Government Spending in Lebanon increased to 8069880 LBP Million in 2012 from 6760020 LBP Million in 2011. Government Spending in Lebanon is reported by the SESRIC.
Lebanon Imports at 1732.00 USD Million  
Imports in Lebanon decreased to 1732 USD Million in February of 2014 from 1872.85 USD Million in January of 2014. Imports in Lebanon is reported by the Banque du Liban.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News