National Debt (% of GDP): Lebanon

Analysis# Lebanon National Debt (% of GDP) Lebanon's national debt stands at 163.8% of GDP in 2024, reflecting a modest recovery from its catastrophic 2021 peak of 358.2%. The current level remains significantly elevated compared to the nation's 2012 low of 131.1%, representing a 10.6% increase over the full 2000–2024 period. While the trend since 2000 shows general deterioration, recent years signal stabilization after the severe debt crisis that gripped the country. The 2021 spike to 358.2%—nearly triple the 2012 baseline—marked Lebanon's most severe fiscal stress, driven by currency collapse and banking sector turmoil. Since that peak, debt-to-GDP has declined substantially, falling from 244.6% in 2022 to the current 163.8%. This downward trajectory across 2022–2024 suggests ongoing deleveraging, though the ratio remains historically elevated and constrains Lebanon's economic recovery prospects.