GDP in Lebanon

Lebanon GDP | Economic News & Forecasts

Lebanon - GDP

The economic panorama darkened in early March after the government defaulted on a USD 1.2 billion debt repayment—the first default in the country’s history—further depressing business sentiment. The government announced it was attempting to restructure its public debt and recently met with IMF officials; however, it has yet to formally request a Fund bailout package, which seems necessary to stabilize the public finances. This comes against a dismal economic backdrop. According to the Central Bank’s Coincident Indicator, economic activity contracted sharply in Q4. Moreover, in January and February, business conditions in the private sector worsened markedly according to the PMI—amid lower output, new orders, new exports and employment—while surging inflation continues to corrode consumers’ purchasing power.

Lebanon - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)1.9  0.4  1.6  0.6  0.2  

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Lebanon GDP Chart

Lebanon GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Administration of Statistics and FocusEconomics calculations.

Lebanon Facts

Value Change Date
Exchange Rate1,5130.0 %Dec 31

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