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World Factbook

Lebanon

Al Jumhuriyah al Lubnaniyah

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$12.73 billion (2021 est.)

expenditures

$11.853 billion (2021 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$9.684 billion (2021 est.)

Exports 2022

$12.445 billion (2022 est.)

Exports 2023

$11.77 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$17.667 billion (2021 est.)

Imports 2022

$24.536 billion (2022 est.)

Imports 2023

$23.313 billion (2023 est.)

Industries

banking, tourism, real estate and construction, food processing, wine, jewelry, cement, textiles, mineral and chemical products, wood and furniture products, oil refining, metal fabricating

Labor force

1.939 million (2023 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: data cover central government debt and exclude debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment

Public debt 2017

146.8% of GDP (2017 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

27.5% of GDP (2021 est.)

Remittances 2022

30.7% of GDP (2022 est.)

Remittances 2023

33.3% of GDP (2023 est.)

Exchange rates

Currency

Lebanese pounds (LBP) per US dollar -

Exchange rates 2020

1,507.5 (2020 est.)

Exchange rates 2021

1,507.5 (2021 est.)

Exchange rates 2022

1,507.5 (2022 est.)

Exchange rates 2023

13,875.625 (2023 est.)

Exchange rates 2024

89,500 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$41.936 billion (2023 est.)

Economic overview

lower middle-income Middle Eastern economy; hyperinflation and sharp poverty increases; banks have ceased lending; economic contraction, destroyed infrastructure, and reduced consumer demand resulting from Israel-Hezbollah conflict

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2021

12.7% (2021 est.)

Unemployment rate 2022

11.6% (2022 est.)

Unemployment rate 2023

11.6% (2023 est.)

Exports - partners

UAE 26%, Egypt 7%, Turkey 5%, Iraq 5%, USA 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Switzerland 12%, China 11%, Greece 9%, Turkey 8%, Italy 6% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2021

$11,600 (2021 est.)

Real GDP per capita 2022

$11,500 (2022 est.)

Real GDP per capita 2023

$11,300 (2023 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2021

-7% (2021 est.)

Real GDP growth rate 2022

-0.6% (2022 est.)

Real GDP growth rate 2023

-0.8% (2023 est.)

Agricultural products

potatoes, milk, tomatoes, apples, oranges, olives, cucumbers/gherkins, chicken, lemons/limes, wheat (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

jewelry, cars, diamonds, scrap iron, gold (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, gold, cars, packaged medicine, garments (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

-$4.556 billion (2021 est.)

Current account balance 2022

-$7.265 billion (2022 est.)

Current account balance 2023

-$5.643 billion (2023 est.)

Taxes and other revenues

5.7% (of GDP) (2021 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$20.079 billion (2023 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

136% (2023 est.)

government consumption

5.2% (2023 est.)

investment in inventories

0% (2023 est.)

investment in fixed capital

1.9% (2023 est.)

exports of goods and services

30.6% (2023 est.)

imports of goods and services

-73.7% (2023 est.)

Average household expenditures

on food

37.1% of household expenditures (2023 est.)

on alcohol and tobacco

0.7% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

171.2% (2022 est.)

Inflation rate (consumer prices) 2023

221.3% (2023 est.)

Inflation rate (consumer prices) 2024

45.2% (2024 est.)

Industrial production growth rate

0.1% (2023 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2021

$66.329 billion (2021 est.)

Real GDP (purchasing power parity) 2022

$65.917 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$65.415 billion (2023 est.)

Youth unemployment rate (ages 15-24)

male

24.4% (2023 est.)

note

note: % of labor force ages 15-24 seeking employment

total

23.6% (2023 est.)

female

21.9% (2023 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$32.513 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$27.49 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$33.301 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

2.1% (2023 est.)

services

42.4% (2023 est.)

agriculture

1% (2023 est.)