Real GDP Growth: Lebanon
Lebanon's real gdp growth is currently -7.5% as of 2024. # Lebanon Real GDP Growth Lebanon's economy contracted by 7.
Current (2024)
-7.5%
-971.4% y/y
Peak (1984)
44.5%
Low (1989)
-42.2%
Source
IMF World Economic Outlook
1980–2024 · 45 pts
Real GDP Growth — Lebanon
1980 — 2024
Real GDP Growth — Lebanon
Analysis# Lebanon Real GDP Growth
Lebanon's economy contracted by 7.5% in 2024, extending a decade of severe deterioration. Since 1980, the country has experienced a cumulative decline of 600%, a stark reversal from its 1984 peak of 44.5% growth. The 1989 financial crisis marked the nadir at -42.2%, yet recent performance suggests conditions remain dire, with 2024 marking the worst year since the catastrophic 2020 contraction of -24.6%.
The period from 2015 to 2024 reveals a economy in persistent distress. After minimal growth between 2015 and 2017, Lebanon entered freefall beginning in 2018. A brief recovery in 2021-2022 proved unsustainable, giving way to renewed contraction. The return to -7.5% growth in 2024 indicates structural challenges remain unresolved, with no clear stabilization in sight.
Historical Data
45 Rows| Year | Value | Change % |
|---|---|---|
| 2024 | -7.5% | -971.43% |
| 2023 | -0.7% | -170.00% |
| 2022 | 1.0% | -50.00% |
| 2021 | 2.0% | +108.13% |
| 2020 | -24.6% | -261.76% |
| 2019 | -6.8% | -257.89% |
| 2018 | -1.9% | -311.11% |
| 2017 | 0.9% | -43.75% |
| 2016 | 1.6% | +220.00% |
| 2015 | 0.5% | -80.00% |
| 2014 | 2.5% | -34.21% |
| 2013 | 3.8% | +52.00% |
| 2012 | 2.5% | +177.78% |
| 2011 | 0.9% | -88.75% |
| 2010 | 8.0% | -21.57% |
| 2009 | 10.2% | +12.09% |
| 2008 | 9.1% | -2.15% |
| 2007 | 9.3% | +520.00% |
| 2006 | 1.5% | -44.44% |
| 2005 | 2.7% | -64.00% |
Show all 45 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 7.5% | +341.18% |
| 2003 | 1.7% | -50.00% |
| 2002 | 3.4% | -12.82% |
| 2001 | 3.9% | +254.55% |
| 2000 | 1.1% | +237.50% |
| 1999 | -0.8% | -120.51% |
| 1998 | 3.9% | -61.76% |
| 1997 | 10.2% | +155.00% |
| 1996 | 4.0% | -38.46% |
| 1995 | 6.5% | -18.75% |
| 1994 | 8.0% | +14.29% |
| 1993 | 7.0% | +55.56% |
| 1992 | 4.5% | -88.22% |
| 1991 | 38.2% | +385.07% |
| 1990 | -13.4% | +68.25% |
| 1989 | -42.2% | -49.65% |
| 1988 | -28.2% | -268.86% |
| 1987 | 16.7% | +345.59% |
| 1986 | -6.8% | -127.98% |
| 1985 | 24.3% | -45.39% |
| 1984 | 44.5% | +96.04% |
| 1983 | 22.7% | +161.68% |
| 1982 | -36.8% | -7460.00% |
| 1981 | 0.5% | -66.67% |
| 1980 | 1.5% | — |
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