Lebanon: Real GDP Statistics!

Lebanon's GDP Statistics - OEDC Country Blog


Real GDP:

$51.992 Billion USD in 2019

Real GDP Per Capita:
$7,584 USD in 2019

Real GDP Growth:
-6.7% in 2019

Unemployment Rate:
6.61% in 2020

Inflation Rate (Consumer and GDP Deflator):


Current Account Balance:
-22.2% in 2019

Hidden Economy %:
Lebanon's Hidden Economy in 2015 was 29%.

    - Sources: 
https://data.worldbank.org/indicator/BN.CAB.XOKA.GD.ZS?end=2019&locations=LB&start=2009
https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG?locations=LB
https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?locations=LB
https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS?end=2020&locations=LB&start=2009
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2019&locations=LB&start=2009
https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2019&locations=LB&start=2009
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2019&locations=LB&start=2009

    - Observations I made: 
    I noticed that both Real GDP and Real GDP per capita spiked at around the same year, and the inflation rate (consumer prices) spiked in a very similar year as well. Also, I noticed that the unemployment rate drops a year after the current account balance dropped. Unemployment rate dropped in 2019, while the current account balance dropped in 2018.













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