The Gross Domestic Product (GDP) in Lebanon contracted 7.50 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Lebanon averaged 0.77 percent from 1971 until 2024, reaching an all time high of 83.28 percent in 1977 and a record low of -56.99 percent in 1976. source: Central Administration of Statistics, Republic of Lebanon
GDP Annual Growth Rate in Lebanon is expected to reach -5.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lebanon GDP Annual Growth Rate is projected to trend around 8.00 percent in 2026, according to our econometric models.
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.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
-7.50 |
-0.70 |
83.28 |
-56.99 |
1971 - 2024 |
percent |
Yearly |
|