The Gross Domestic Product (GDP) in Lebanon expanded 2 percent in 2016 from the previous year. GDP Annual Growth Rate in Lebanon averaged 4.40 percent from 1971 until 2016, reaching an all time high of 83.28 percent in 1977 and a record low of -56.99 percent in 1976.

Lebanon GDP Annual Growth Rate
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Lebanon GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.00 0.80 83.28 -56.99 percent [+]
GDP 51.84 49.60 51.84 2.72 USD Billion [+]
GDP Constant Prices 64054700.00 63420500.00 64054700.00 10861729.40 LBP Million [+]
GDP per capita 7197.60 7144.00 8858.30 3376.70 USD [+]
GDP per capita PPP 13367.60 13267.90 16451.80 7857.70 USD [+]
Gross Fixed Capital Formation 15643600.00 14129999.46 15849225.54 1299334.98 LBP Million [+]

Lebanon GDP Annual Growth Rate

Lebanon has a services oriented economy, with banking and tourism being the most important sectors. Due to the Israeli occupation and civil wars, the government had to pledge most of its resources towards constant reconstruction efforts, causing a high level of public debt. As a result, Lebanon depends on foreign aid in order to undergo reforms and strengthen the economy. Despite being a relatively free economy, foreign direct investments are hampered by bureaucracy, corruption and high taxes. The civil war in Syria, which started in 2011, has been slowly destabilizing Lebanon, resulting in decreasing foreign direct investments and a significant reduction in tourism. This page provides - Lebanon GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lebanon GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 0.80 83.28 -56.99 1971 - 2016 percent Yearly

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