GDP (Gross Domestic Product): Lebanon

Analysis# Lebanon GDP (Gross Domestic Product) Lebanon's economy stands at $28.28 billion USD in 2024, representing a dramatic contraction from its all-time peak of $54.9 billion in 2018. Despite this sharp decline, the country has expanded substantially over the long term, growing 603.5% since 1980 when GDP measured just $2.621 billion. The trajectory from 1980 to 2024 reveals an economy that achieved significant growth through the 2010s before encountering severe headwinds. The critical inflection point occurred in 2020, when GDP plummeted to $24.976 billion, marking a 54% collapse from 2018 levels. This sharp decline reflected Lebanon's compounding financial, political, and currency crises. While GDP has stabilized slightly since its 2021 low of $19.782 billion, recovery remains incomplete at 28% below peak levels. The modest uptick to $28.28 billion in 2024 suggests stabilization, though the economy has not returned to pre-crisis growth trajectories.