GDP in Lebanon

Lebanon GDP | Economic News & Forecasts

Lebanon - GDP

The economic panorama remains dismal, as the country grapples with heightened social instability, a dollar crunch and spiking inflation. Economic activity shrank sharply in Q4 according to the Central Bank’s Coincident Indicator, while cement deliveries, construction permits and private-sector credit also declined. The poor performance continued in early 2020, with the private-sector PMI deep in contractionary territory in January. Recent political developments provide a glimmer of optimism however: A new cabinet was finally instated in January with Hassan Diab named as prime minister; Parliament swiftly approved a contractionary 2020 budget; and, in February, the cabinet approved a financial rescue plan. However, panelists are skeptical that the 7% fiscal deficit target in the budget will be met, while the risk of a debt default remains elevated.

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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