Key data points
Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
83.28 % on Dec 31, 1977
Lowest
−56.99 % on Dec 31, 1976
About Lebanon GDP YoY
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.