Líbano Economic Data & Projections

Economic growth:

The economy recorded an average annual decrease of 2.2% in the decade to 2021. To read more about GDP growth in Lebanon, go to our dedicated page.

Fiscal policy:

Lebanon's fiscal deficit averaged 7.3% of GDP in the decade to 2021. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 10.4% in the decade to 2022. For more information on Lebanon's unemployment click here.

Inflation:

Inflation averaged 39.4% in the decade to 2022. Go to our Lebanon inflation page for extra insight.

Monetary Policy:

Lebanon's monetary policy rate ended 2022 at 10.00%, on the same level as a decade earlier. See our Lebanon monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the pound weakened by 0.9% vs the U.S. dollar. For more info on the pound, click here.

The recent intensification of conflict between Lebanon-based paramilitary group Hezbollah and Israel has caused the economic panorama to darken notably, and our panelists now expect an economic contraction in 2024 as a whole. As of mid-October, Israel’s land offensive in Lebanon’s south coupled with aerial bombardments had forced over 700,000 citizens from their homes and claimed over 2,000 lives. The war has also damaged the country’s infrastructure and agricultural land, crushed the tourism sector—which had been a key growth pillar—and led several hundred thousand Syrian refugees to return to Syria. This all comes on top of an economy still reeling from prolonged institutional paralysis, an unresolved banking crisis, and limited government spending capacity. Looking at available data, the private-sector PMI business survey recorded the weakest reading in nearly three years in September.

Projections out to 2034.

38 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 14 expert analysts.

Want to get insight on the economic outlook for Lebanon in the coming years? FocusEconomics collects projections out to 2034 on 38 economic indicators for Lebanon from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Lebanon economy. To download a sample report on the Lebanon's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.