What is the GDP of Lebanon 2021?
30.00 USD Billion
GDP in Lebanon is expected to reach 30.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lebanon GDP is projected to trend around 35.00 USD Billion in 2022 and 45.00 USD Billion in 2023, according to our econometric models.
Is Lebanon a high income country?
Lebanon is classified as an upper middle income country. The current Human Development Index (HDI) value is 0.763 – in the high human development category – positioning the country at 76 out of 188 countries and territories.
Where does Lebanon rank in GDP?
number 99
The GDP figure in 2020 was $31,735 million, Lebanon is number 99 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Lebanon dropped $20,636 million with respect to 2019. The GDP per capita of Lebanon in 2020 was $4,650, $2,989 less than in 2019, when it was $7,639.
What is Lebanon’s main export?
Lebanon mainly exports precious stones, metals, electrical equipment, chemical products, food and beverages, and paper. Lebanon’s main exports partners are South Africa, Switzerland, Saudi Arabia, Turkey, the United Arab Emirates, Iraq and Belgium.
How much is Lebanon in debt?
In 2020, the national debt of Lebanon amounted to around 95.49 billion U.S. dollars.
Is Lebanon oil rich?
Analysis – Energy Sector Highlights Lebanon relies heavily on energy imports to meet domestic demand. In 2010, the country imported 120,000 barrels per day (bbl/d) of refined oil products, which accounted for over 90% of total primary energy demand in the country.
Is Lebanon the best country in the world?
Lebanon is 109th in the overall Prosperity Index rankings. Since 2011, Lebanon has moved down the rankings table by 23 places.
What rank is Lebanon in education?
According to the World Economic Forum, Lebanon is ranked globally as the 4th best country for math and science education, and as the 10th best overall for quality of education. The literacy rate for Lebanon is 93.9%.
How bad is the economy in Lebanon?
In fact, Lebanon’s GDP plummeted from about US$55 billion in 2018 to a projected US$20.5 billion in 2021, while real GDP per capita fell by 37.1 percent. Such a brutal contraction is usually associated with conflicts or wars.
Does Lebanon have oil?
Energy in Lebanon is dominated by oil, which represents more than 95% of the primary energy consumed in 2017. The great majority of energy used in the country is imported.
Does Lebanon have electricity?
Most Lebanese rely on private generators for electricity, but many have been forced to cut back on that, too, or give it up altogether, as fuel costs have soared.
When did Lebanon get electricity?
1964
The Lebanese institution for electricity production (EDL, Electricité du Liban) was established in 1964. It assured the distribution of electricity to up to 90% to the Lebanese territory. In 1974, the EDL institution produced 1700 GWH of electricity.
What is the GDP of Lebanon 2020?
Lebanon GDP The Gross Domestic Product (GDP) in Lebanon was worth 33.38 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Lebanon represents 0.03 percent of the world economy. source: World Bank 10Y
What is the per capita income in Lebanon?
All values, unless otherwise stated, are in US dollars. The economy of Lebanon is generally classified as a developing economy. The nominal GDP was estimated $54.1 billions in 2018 , with a per capita GDP amounting to $12,000.
What is the long-term economic outlook for Lebanon?
In the long-term, the Lebanon GDP is projected to trend around 35.00 USD Billion in 2022 and 45.00 USD Billion in 2023, according to our econometric models.
What type of economic system does Lebanon have?
Economy of Lebanon. Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main growth sectors include banking and tourism. There are no restrictions on foreign exchange or capital movement.
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