GDP in Lebanon

Lebanon GDP | Economic News & Forecasts

Lebanon - GDP

Economic conditions remain challenging. During the first four months of 2022, the private-sector PMI was in contractionary territory—while remaining higher than the average reading for 2021—and inflation averaged over 200%. Moreover, the war in Ukraine is hitting an already strained food supply, as the vast majority of wheat imported into Lebanon before the war came from Ukraine. The recent approval of a USD 150 million World Bank loan will only go part way to ensuring short-term food security. Meanwhile, general elections were held in mid-May. Hezbollah and its allies lost their parliamentary majority, with over a dozen anti-establishment candidates elected and the Lebanese Forces emerging as the largest party. A fractured parliament and the confessional power-sharing arrangement mean that the appointment of a new prime minister and president will take time, delaying the arrival of IMF support.

Lebanon - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)0.4  1.6  0.9  -1.9  -5.6  

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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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