Lebanon GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Lebanon expanded 0.60 percent in 2012 from the previous year. GDP Annual Growth Rate in Lebanon is reported by the Banque du Liban. From 1971 until 2012, Lebanon GDP Annual Growth Rate averaged 4.3 Percent reaching an all time high of 83.3 Percent in December of 1977 and a record low of -57.0 Percent in December of 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.60 1.80 83.28 -56.99 0.70 | 2013/12 1971 - 2012 Percent Yearly

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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 45.80 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 0.60 2012-12-31 1.80 83.28 -56.99 0.70 2013-12-31 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 7087.78 2013-12-31 USD [+]
GDP per capita PPP 12591.80 2012-12-31 12537.23 12591.80 4994.12 12607.20 2013-12-31 USD [+]
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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.


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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.
Lebanon Money Supply M0 at 3156.59 LBP Billion  
Money Supply M0 in Lebanon decreased to 3156.59 LBP Billion in February of 2014 from 3165.19 LBP Billion in January of 2014. Money Supply M0 in Lebanon is reported by the Banque Du Liban.
Lebanon Money Supply M1 at 7522.46 LBP Billion  
Money Supply M1 in Lebanon increased to 7522.46 LBP Billion in February of 2014 from 7480.94 LBP Billion in January of 2014. Money Supply M1 in Lebanon is reported by the Banque Du Liban.
Lebanon Money Supply M2 at 69422.00 LBP Billion  
Money Supply M2 in Lebanon increased to 69422 LBP Billion in February of 2014 from 68948.50 LBP Billion in January of 2014. Money Supply M2 in Lebanon is reported by the Banque Du Liban.
Lebanon Money Supply M3 at 168339.00 LBP Billion  
Money Supply M3 in Lebanon increased to 168339 LBP Billion in February of 2014 from 167232 LBP Billion in January of 2014. Money Supply M3 in Lebanon is reported by the Banque Du Liban.
Lebanon Remittances at 797.50 USD Million  
Remittances in Lebanon decreased to 797.50 USD Million in the second quarter of 2013 from 863.70 USD Million in the first quarter of 2013. Remittances in Lebanon is reported by the Banque du Liban.
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.
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