Lebanon

Description of Lebanon

Lebanon, nestled in the heart of the Middle East, boasts a rich tapestry of history, culture, and resilience. Despite facing numerous challenges, including political instability and regional conflicts, Lebanon continues to captivate with its stunning landscapes, vibrant cities, and a diverse population. Known for its entrepreneurial spirit and cosmopolitan atmosphere, Lebanon stands at a crossroads of East and West, showcasing a blend of tradition and modernity. Join us as we delve into the intricate dynamics of this enchanting country and explore the impact of macroeconomic statistics on its development and global relationships.

Population And Age Structure

Population, total: Lebanon's population of 5,662,923 is below the average population of 40,097,746. Lebanon is ranked 114th out of 194 countries in terms of population.

Population ages 0-14 (% of total population): Lebanon's percentage of population ages 0-14 at 27.84% is slightly above the average of 27.34%. It is ranked 88th out of 194 countries for this age group.

Population ages 0-14, total: With a total of 1,576,278 individuals aged 0-14, Lebanon falls below the average of 10,327,379 for this age group. Lebanon ranks 108th out of 194 countries in this category.

Population ages 15-64 (% of total population): The percentage of Lebanon's population aged 15-64 at 62.81% is slightly below the average of 63.44%. Lebanon holds the 127th rank out of 194 countries for this age group.

Population ages 15-64, total: Lebanon's total population aged 15-64 is 3,557,157, which is below the average of 26,003,407. Lebanon is ranked 114th out of 194 countries in this category.

Population ages 65 and above (% of total population): The percentage of Lebanon's population aged 65 and above at 9.35% is slightly above the average of 9.22%. Lebanon holds the 71st rank out of 194 countries for this age group.

Population ages 65 and above, total: Lebanon's total population aged 65 and above is 529,487, below the average of 3,766,959. Lebanon ranks 97th out of 194 countries in this age group.

Summary

Lebanon has a relatively small total population compared to the global average, with a higher percentage of individuals in the 0-14 age group and a lower percentage in the 15-64 age group. The country also has a slightly higher percentage of individuals aged 65 and above compared to the world average.

These demographic indicators are crucial as they provide insights into the country's age distribution, workforce potential, and potential dependency ratios. Understanding these population dynamics can impact various sectors such as healthcare, education, social security, and workforce planning in Lebanon.

Population Miscellaneous

Summary

Lebanon has a relatively low rural population and a high urban population compared to global averages. The country also has a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate compared to the global average. These statistics are important as they provide insights into Lebanon's demographic composition, population distribution, and potential future social and economic challenges related to workforce dynamics, healthcare needs, and population growth.

Military

Lebanon's military expenditure in current USD is $1.92 billion, which is significantly below the average of $12.9 billion. Lebanon ranks 60 out of 149 countries in this statistic.

Lebanon's military expenditure as a percentage of GDP is 3.03%, higher than the average of 1.90%. This places Lebanon at rank 20 out of 148 countries.

Lebanon's arms imports stand at $40 million, much lower than the average of $205.52 million. Lebanon ranks 61 out of 113 countries in this category.

The total number of armed forces personnel in Lebanon is 80,000, lower than the average of 165,908 personnel. Lebanon holds the 56th position out of 164 countries in terms of armed forces personnel.

Lebanon's armed forces personnel as a percentage of the total labor force is 4.43%, significantly higher than the average of 1.28%. This places Lebanon in the 6th position out of 164 countries regarding this metric.

Summary

Lebanon's military expenditure, arms imports, and armed forces personnel numbers are below global averages, yet its military expenditure as a percentage of GDP and armed forces personnel as a percentage of the total labor force are notably higher. Despite financial constraints, Lebanon prioritizes military spending and has a relatively large military presence compared to its economic size. This could indicate a strategic decision to focus on defense and security amidst regional instability, but it may also strain the country's fiscal resources in the long run.

Natural Resources

Lebanon's forest area of 1433.3 sq. km is significantly below the global average of 211606.1 sq. km, ranking 155 out of 191 countries.

The land area in Lebanon is 10230 sq. km, much lower than the average of 665166.5 sq. km, placing Lebanon at the 159th position out of 194 countries.

With a surface area of 10450 sq. km, Lebanon falls short of the average of 689779.6 sq. km, ranking 161 out of 194 countries.

Lebanon's arable land of 137300 hectares is well below the global average of 7329543.2 hectares, placing the country at 143 out of 190 countries.

The land under cereal production in Lebanon is 56280 hectares, significantly lower than the average of 4206011.6 hectares, ranking 140 out of 174 countries.

Lebanon's average precipitation depth of 661 mm per year is below the global average of 1157.8 mm, positioning Lebanon at 116 out of 178 countries.

With a total renewable internal freshwater resources of 4.8 billion cubic meters, Lebanon is below the average of 240.4 billion cubic meters, ranking 138 out of 178 countries.

Summary

Lebanon exhibits significant disparities in key macroeconomic indicators compared to global averages, ranking relatively low in terms of forest area, land area, surface area, arable land, land under cereal production, average precipitation depth, and total renewable internal freshwater resources. These metrics highlight Lebanon's limited natural resources and potential challenges in agricultural productivity, water availability, and environmental sustainability. Addressing these disparities through strategic policies and resource management practices is crucial for Lebanon's long-term economic development and resilience.

Resource Rents

Lebanon's Total natural resources rents (% of GDP) stands at 0.0022, significantly below the average of 4.63%. This places Lebanon at rank 172 out of 175 countries in the dataset. For Forest rents (% of GDP), Lebanon's value of 0.0022 is also notably lower than the average of 1.53%. This ranks Lebanon at 162 out of 174 countries.

Summary

Lebanon's Total natural resources rents and Forest rents as a percentage of GDP are well below the global averages, ranking the country low among the dataset. This indicates a limited utilization of natural resources, potentially hindering economic growth and sustainable development. With such low resource rents, Lebanon may face challenges in leveraging its natural assets for revenue generation and environmental conservation, impacting its overall economic resilience and competitiveness in the long run.

Commodities

Lebanon's Cereal production is 174,470 metric tons, significantly below the average of 17,249,945.93 metric tons, ranking 136 out of 174 countries.

With Aquaculture production at 828 metric tons, well below the average of 679,642.92 metric tons, Lebanon ranks 128 out of 180 countries.

Lebanon's Capture fisheries production is 2,455 metric tons, much lower than the average of 467,453.06 metric tons, placing it at the 154th position out of 190 countries.

The country's Total fisheries production is 3,283 metric tons, also below the average of 1,153,914.85 metric tons, ranking at 162 out of 182 countries.

In terms of Fertilizer consumption, Lebanon consumes 199.99 kilograms per hectare of arable land, above the average of 159.04 kilograms per hectare, ranking 42 out of 187 countries.

Summary

Lebanon's agricultural sector, as indicated by its low cereal, aquaculture, capture fisheries, and total fisheries production, lags significantly behind global averages, ranking below average in each category. However, the country's above-average fertilizer consumption indicates a proactive approach to enhancing agricultural productivity despite production challenges. Improving efficiency and output in key agricultural sectors is crucial for Lebanon's food security, economic development, and competitiveness in the global market.

Intellectual Property

Lebanon's scientific and technical journal articles stand at 2268.45, significantly lower than the attribute average of 15103.76. This places Lebanon at rank 68 out of 192 countries with available data for this attribute.

Lebanon's charges for the use of intellectual property, payments amount to 5,018,810.25 (BoP, current US$), notably below the attribute average of 3,218,344,894.39. Lebanon ranks 111 out of 143 countries in this category.

In terms of charges for the use of intellectual property, receipts, Lebanon records 19,013,321.93 (BoP, current US$), also well below the average of 3,191,687,117.58. The country holds the 58th position out of 122 nations for this particular attribute.

Summary

Lebanon significantly lags behind the global average in scientific and technical journal articles, charges for the use of intellectual property (both payments and receipts). These statistics suggest a lack of investment in research and development, innovation, and intellectual property protection, which are crucial for long-term economic growth, competitiveness, and attracting foreign investment.

Broad Economy Attributes

Analysis of key macroeconomic statistics for Lebanon:

1. GDP (current US$): Lebanon's GDP of 31,712,128,253.7961 USD is significantly below the average GDP of 442,870,224,838.6818 USD. Lebanon ranks 97th out of 189 countries in the dataset.

2. GDP, PPP (current international $): With a GDP of 82,473,511,125.6608 international dollars, Lebanon falls below the average GDP of 734,141,122,350.7834 international dollars. The country is ranked 92nd out of 181 countries.

3. GDP per capita (current US$): Lebanon's GDP per capita of 5,599.96 USD is notably lower than the average of 15,462.11 USD. Lebanon ranks 96th out of 190 countries.

4. GDP per capita, PPP (current international $): The GDP per capita in PPP terms for Lebanon is 14,563.77 international dollars, reflecting a value below the average of 21,251.89 international dollars. Lebanon holds the 84th rank out of 181 countries.

5. GNI (current US$): Lebanon's GNI stands at 30,697,478,253.7961 USD, which is well below the average GNI of 452,040,815,370.6972 USD. The country ranks 97th out of 185 countries.

6. GNI, PPP (current international $): With a GNI of 79,834,717,936.0667 international dollars, Lebanon is below the average GNI of 730,698,223,823.4666 international dollars. The country is placed at the 93rd rank out of 181 countries.

7. GNI per capita, PPP (current international $): Lebanon's GNI per capita in PPP terms is 14,100 international dollars, which is lower than the average of 20,615.75 international dollars. The country ranks 84th out of 181 countries.

Summary

Lebanon's key macroeconomic indicators, including GDP, GDP per capita, and GNI, consistently fall below global averages as per the dataset, leading to rankings below the midpoint for each metric. These statistics signify a significant economic challenge for Lebanon, indicating lower overall economic output, individual wealth, and national income compared to the average of countries analyzed. Addressing these economic disparities is crucial for Lebanon's sustainable growth, development, and ability to improve the standard of living for its citizens.

Broad Value Added

- Gross value added at basic prices (GVA) in Lebanon is $30,804,484,552.60, which is significantly below the average of $360,070,943,595.12. Lebanon ranks 89th out of 176 countries.

- Agriculture, forestry, and fishing value added (% of GDP) in Lebanon is 3.08%, much lower than the average of 10.86%. Lebanon is ranked 129th out of 182 countries.

- Agriculture, forestry, and fishing value added in Lebanon is $976,178,589.75, well below the average of $19,924,732,828.07. Lebanon ranks 132nd out of 182 countries.

- Services value added (% of GDP) in Lebanon is 87.42%, above the average of 56.72%. Lebanon ranks 2nd out of 183 countries.

- Services value added in Lebanon is $27,723,202,123.10, significantly below the average of $295,837,711,130.69. Lebanon is ranked 81st out of 183 countries.

- Industry (including construction) value added in Lebanon is $2,105,103,841.02, much lower than the average of $118,421,095,413.50. Lebanon ranks 142nd out of 183 countries.

Summary

Lebanon's economy displays a significant imbalance in sectoral contributions to its GDP. The country's agriculture, forestry, and fishing sectors are underperforming compared to the global average, while its services sector is a standout performer. Meanwhile, the industry sector lags behind considerably. These disparities are crucial as they highlight Lebanon's heavy reliance on the services sector for economic output, indicating a vulnerability to fluctuations in that particular industry.

Manufacturing Value Added

Lebanon's Manufacturing, value added (current US$) is $933,516,099.43, significantly below the attribute average of $76,207,179,589.66. This places Lebanon at rank 133 out of 173 countries in the dataset.

Lebanon's Manufacturing, value added (% of GDP) stands at 2.94%, much lower than the attribute average of 11.90%. This places Lebanon at rank 161 out of 173 countries.

Lebanon's Medium and high-tech manufacturing value added (% manufacturing value added) is 19.95%, below the attribute average of 24.49%. The country ranks 82 out of 149 countries in this aspect.

Summary

Lebanon's manufacturing sector lags behind compared to the global average, as indicated by the low values for manufacturing value added in both absolute terms and as a percentage of GDP. The country also falls short in medium and high-tech manufacturing value added compared to the attribute average, reflecting a potential lack of technological advancement in its industrial activities. These indicators are crucial as they highlight Lebanon's relative position in the global economy and underscore the need for investment and policies to enhance its manufacturing capabilities for sustainable economic growth.

Money

Inflation, consumer prices in Lebanon is extremely high at 84.86%, significantly above the average of 8.26%. Lebanon ranks 3rd out of 165 countries in this attribute. In comparison, Inflation, GDP deflator in Lebanon is also high at 85.54%, which is 78.64% above the average of 6.90%. Lebanon ranks 3rd out of 188 countries in this attribute.

Summary

Lebanon exhibits significantly high levels of inflation in both consumer prices and GDP deflator compared to global averages. This places Lebanon among the top countries with high inflation rates worldwide. Such high inflation can indicate economic instability, leading to decreased purchasing power for consumers, uncertainty for investors, and potential challenges for the country's overall economic development.

Consumption Expenditure

Lebanon's Final consumption expenditure in current US dollars is significantly below the attribute average, ranking 83 out of 159 countries. The Final consumption expenditure as a percentage of GDP in Lebanon is above the average, ranking 11 out of 159 countries.

General government final consumption expenditure in current US dollars for Lebanon is well below the attribute average, placing it at rank 105 out of 158 countries. However, the percentage of GDP spent by the general government in Lebanon is also below average, ranking 143 out of 158 countries.

Lebanon's Household and NPISHs Final consumption expenditure in current US dollars falls below the attribute average, ranking 77 out of 158 countries. The expenditure as a percentage of GDP by households and NPISHs in Lebanon is notably above the average, ranking 4 out of 158 countries.

Summary

Lebanon's final consumption expenditure, both at the general government and household levels, is notably below average in terms of current US dollars. However, when looking at the expenditure as a percentage of GDP, Lebanon ranks higher than the average, particularly in household and NPISHs expenditure. This indicates that while the overall spending amount is lower, the proportion of spending relative to the country's GDP is higher, highlighting potentially efficient use of resources by households. This data is crucial in understanding Lebanon's economic stability, allocation of resources, and the impact on its overall economic growth trajectory.

Equities

- Listed domestic companies, total: Lebanon has 10 listed domestic companies, significantly below the average of 636.625. This places Lebanon at rank 71 out of 72 countries in the dataset. - Stocks traded, total value (current US$): Lebanon's total stock value is 232,340,000 US$, much lower than the average of 1,379,501,958,120.9119 US$. Lebanon ranks 53 out of 71 countries in this aspect. - Stocks traded, total value (% of GDP): With stocks valued at 0.73% of its GDP, Lebanon falls well below the average of 31.65%. The country ranks 51 out of 71 nations. - Market capitalization of listed domestic companies (current US$): Lebanon's total market capitalization is 6,702,770,000 US$, substantially lower than the average of 1,196,037,851,618.8787 US$. Lebanon ranks 59 out of 73 countries in this category. - Market capitalization of listed domestic companies (% of GDP): At 21.14% of GDP, Lebanon's market capitalization is below the average of 71.24% of GDP, placing it at rank 54 out of 73 nations. - S&P Global Equity Indices (annual % change): Lebanon's S&P Global Equity Index shows a 23.96% annual change, significantly higher than the average of 2.06%. This places Lebanon at rank 9 out of 79 countries in the dataset.

Summary

Lebanon lags behind the global average in key macroeconomic indicators such as the number of listed domestic companies, total stock value, market capitalization, and stock market performance. These statistics suggest a relatively underdeveloped and fragile economy compared to other countries in the dataset. Particularly concerning are Lebanon's low stock market values in relation to its GDP, indicating a potential lack of investor confidence and limited capital market growth opportunities. Improving these metrics is crucial for Lebanon to attract investments, foster economic growth, and enhance its overall macroeconomic stability.

Investment

Lebanon's foreign direct investment, net (BoP, current US$) is -1577981265.7599, which is slightly above the average of -1615235980.5053596. Lebanon ranks 124 out of 169 countries in this attribute.

Lebanon's foreign direct investment, net inflows (BoP, current US$) stands at 1606894721.93483, significantly below the attribute average of 5749271080.145696. Lebanon is ranked 59 out of 182 countries for this metric.

For foreign direct investment, net inflows (% of GDP), Lebanon's value is 5.067%, notably higher than the average of 2.609%. The country ranks 39 out of 178 in this category.

Lebanon's foreign direct investment, net outflows (BoP, current US$) is 28913456.1749341, far below the average of 5707991116.068991. Lebanon holds the 86th spot out of 156 countries for this attribute.

In terms of foreign direct investment, net outflows (% of GDP), Lebanon reports 0.091%, significantly lower than the average of 1.004%. The country holds the 95th position out of 155 countries included in the data.

Lebanon's portfolio investment, net (BoP, current US$) stands at -2205472065.46705, well below the average of 679559169.5717607. Lebanon ranks 138 out of 159 countries in this category.

For portfolio equity, net inflows (BoP, current US$), Lebanon's value of -302568044.703906 is substantially lower than the average of 9197145994.702154. Lebanon ranks 98 out of 125 countries for this specific metric.

Summary

Lebanon exhibits mixed performance in terms of foreign direct investment and portfolio investment. While the country attracts a higher-than-average percentage of foreign direct investment compared to its GDP, it lags behind in net inflows in US dollars, which could indicate a discrepancy in investment quality versus quantity. Additionally, Lebanon significantly underperforms in portfolio investment, with net outflows far surpassing net inflows, pointing towards potential capital flight and lack of confidence in the local economy.

These statistics are crucial as they reflect Lebanon's attractiveness to foreign investors and its ability to retain capital within its borders. Sustainable economic growth often relies on a healthy balance of foreign investment to drive development and innovation, making these indicators key measures of Lebanon's economic stability and potential for future growth.

Debt

Lebanon's total debt service as a percentage of its Gross National Income (GNI) is 41.96%, significantly higher than the average of 5.98%. Lebanon ranks 1st out of 120 countries in this attribute.

The country's public and publicly guaranteed debt service as a percentage of GNI is 1.15%, below the average of 2.84%. Lebanon is ranked 89th out of 120 countries for this indicator.

Lebanon's external debt stocks as a percentage of GNI stand at 224.36%, well above the average of 65.42%. Lebanon ranks 3rd out of 120 countries in this category.

With a debt service on external debt totaling $12,881,896.5, Lebanon is above the average of $9,811,958.23, ranking 16th out of 123 countries.

The country's debt service on public and publicly guaranteed external debt is $353,134,696.8, lower than the average of $3,310,612,057.6. Lebanon ranks 69th out of 123 nations in this aspect.

Lebanon's external debt stocks in public and publicly guaranteed holdings amount to $33,360,559,030.2, surpassing the average of $28,695,879,144.98. The country ranks 25th out of 123 countries in this measure.

In terms of external debt stocks in private nonguaranteed holdings, Lebanon's value of $25,081,373,000 is notably below the average of $33,734,699,285.22. The country ranks 22nd out of 91 countries for this metric.

Lebanon's total external debt stocks amount to $68,874,327,201.2, slightly under the average of $73,845,530,111.82. The country ranks 24th out of 123 nations in this respect.

Summary

Lebanon's macroeconomic indicators reveal a high total debt service and external debt compared to its Gross National Income (GNI), where it ranks 1st and 3rd, respectively, out of 120 countries. However, the country's public and publicly guaranteed debt service as a percentage of GNI is relatively lower, ranking 89th. These figures highlight Lebanon's significant financial obligations and reliance on external borrowing, which could potentially strain the country's economy and fiscal stability in the long term.

Broad Trade Attributes

Trade (% of GDP): Lebanon's trade as a percentage of its GDP is below the average of 82.34%, ranking 117th out of 163 countries.

Merchandise trade (% of GDP): Lebanon's merchandise trade as a percentage of GDP is also below average at 48.69%, ranking 103rd out of 186 countries.

Trade in services (% of GDP): Lebanon's trade in services as a percentage of GDP is above average, standing at 30.77% which is higher than the average of 24.63%, ranking 30th out of 171 countries.

External balance on goods and services (current US$): Lebanon has a negative external balance on goods and services, with the current value at -5513036337.31 USD, ranking 140th out of 163 countries.

External balance on goods and services (% of GDP): Lebanon's external balance as a percentage of GDP is significantly below the average at -17.38%, ranking 135th out of 163 countries.

Summary

Lebanon exhibits a mixed performance in key macroeconomic indicators. While its trade and merchandise trade as a percentage of GDP are below average, indicating potential challenges in generating revenues through trade, its trade in services surpasses the global average, showcasing a strength in the services sector. However, the country faces a significant negative external balance on goods and services, far below the average, suggesting a reliance on external sources for goods and services. These indicators highlight Lebanon's need to diversify its trade portfolio, strengthen its merchandise trade, and address the imbalance in its external trade to enhance economic stability and reduce dependency on external sources.

Net Trade

Lebanon's Current account balance (BoP, current US$) is -2778566572.15, which is significantly below the average of $1443864831.49. Lebanon ranks 142 out of 170 countries in this attribute.

With a Current account balance (% of GDP) of -8.76%, Lebanon is also below the average of -2.36%. It ranks 137 out of 170 countries in this aspect.

Lebanon's Net trade in goods and services (BoP, current US$) stands at -6432412326.93, much lower than the average of $2604730003.57. It holds the 149th position out of 171 countries.

The Net primary income (BoP, current US$) for Lebanon is -1014649676.70, below the average of -903807529.74. Lebanon ranks 103 out of 170 countries in this attribute.

Lebanon's Net secondary income (BoP, current US$) is 4668495431.47, significantly above the average of -269227340.40. It is ranked 27 out of 170 countries.

Regarding Net trade in goods (BoP, current US$), Lebanon records -6584212307.28, which is lower than the average of $1302831005.68. It ranks 144th out of 171 countries in this aspect.

Lebanon's Net capital account (BoP, current US$) is 1671296533.09, notably higher than the average of $136543824.05. It holds the 10th position out of 159 countries in this attribute.

Lastly, the Net financial account (BoP, current US$) for Lebanon is -9763808150.72, considerably below the average of -469840994.63. Lebanon ranks 157 out of 170 countries based on this metric.

Summary

Lebanon faces significant challenges in its current account balance, with levels far below global averages. This has led to a lower ranking in comparison to other countries. However, the country excels in net secondary income and net capital account, showcasing strengths in certain aspects of its economic activity. These indicators are crucial as they provide insights into Lebanon's economic stability, trade dynamics, and its ability to attract investments, ultimately affecting its overall macroeconomic health and development.

Broad Export Attributes

Lebanon's Exports of goods, services and primary income amount to $10.38 billion, ranking 90th out of 170 countries. This value falls significantly below the attribute average of $146.24 billion.

Lebanon's Exports of goods and services stand at $8.77 billion, placing the country 92nd out of 170 countries. The focus country's value is well below the attribute average of $122.94 billion.

Lebanon's Exports of goods and services amount to $5.19 billion, ranking 108th out of 163 countries. The country's performance is notably lower than the attribute average of $129.60 billion.

Lebanon's Exports of goods and services as a percentage of GDP is 16.37%, positioning the country 133rd out of 163 countries. This value is notably lower than the attribute average of 38.19%.

Lebanon's Goods exports total $3.82 billion, placing the country 112th out of 171 countries. The focus country's performance is considerably below the attribute average of $93.31 billion.

Lebanon's International tourism receipts as a percentage of total exports stand at 27.00%, ranking 12th out of 120 countries. This value significantly exceeds the attribute average of 9.74%.

Lebanon's ICT goods exports as a percentage of total goods exports amount to 0.69%, positioning the country 74th out of 142 countries. This figure is notably below the attribute average of 3.81%.

Summary

Lebanon's export performance across various indicators such as total exports, goods exports, and services exports ranks below the global average in most categories. Particularly concerning is the country's low ranking in exports as a percentage of GDP, indicating a significant need for diversification and expansion of its export base. The high ranking in international tourism receipts as a percentage of total exports is a potential bright spot, suggesting a competitive advantage in the tourism sector that could be further leveraged for economic growth.

Merchandise Exports

Lebanon's merchandise exports amount to $4,085,000,000, ranking 116 out of 187 countries. This value is significantly below the average merchandise exports of $89,542,711,229.95 for the 187 countries included in the data.

Agricultural raw materials exports account for 0.25% of Lebanon's merchandise exports, ranking 124 out of 151 countries. This percentage is below the average of 2.97% for the included countries.

Food exports represent 19.62% of Lebanon's merchandise exports, ranking 66 out of 152 countries. This figure is lower than the average of 24.06%.

Lebanon's fuel exports constitute 0.34% of its merchandise exports, placing it at rank 121 out of 147 countries. This value is significantly below the average of 13.70%.

Ores and metals exports make up 6.98% of Lebanon's merchandise exports, ranking 40 out of 152 countries. This percentage is below the average of 9.10%.

The residual merchandise exports by Lebanon account for 1.55% of its total merchandise exports, ranking 49 out of 166 countries. This value is lower than the average residual percentage of 3.20%.

Summary

Lebanon's key macroeconomic indicators reveal a country highly dependent on food exports, which constitute a significant portion of its merchandise exports. However, Lebanon's overall merchandise export value is significantly below the global average, indicating potential challenges in diversifying its export base and increasing export competitiveness. This highlights the importance for Lebanon to explore strategies to boost its export sector, especially in non-food categories, to improve its economic resilience and sustainability.

Technology Exports

Manufactures exports (% of merchandise exports): Lebanon's value of 41.86% is slightly below the average of 42.62%. It ranks 75th out of 152 countries in the dataset.

High-technology exports (current US$): Lebanon's value of $76,215,324 is significantly below the average of $16,655,934,078.80. It ranks 83rd out of 151 countries.

High-technology exports (% of manufactured exports): Lebanon's value of 5.14% is below the average of 10.15%. It ranks 84th out of 150 countries.

Medium and high-tech exports (% manufactured exports): Lebanon's value of 37.01% is above the average of 34.29%. It ranks 64th out of 149 countries.

Summary

Lebanon's performance in key macroeconomic indicators reveals a mixed picture. While its Manufactures exports and High-technology exports are below average, its Medium and high-tech exports are above average. These statistics suggest that Lebanon may have potential for growth in medium and high-tech industries, which could diversify its economy and potentially enhance its competitiveness in the global market.

Service Exports

Lebanon's Service exports (BoP, current US$) amount to $4,954,188,719.49, ranking 70th out of 171 countries. This value is significantly below the average of $28,917,292,503.82 for this attribute.

Lebanon's ICT service exports (BoP, current US$) stand at $241,153,485.54, placing the country at the 74th position out of 166 countries. This value is notably lower than the average of $4,578,501,153.77.

Lebanon's ICT service exports (% of service exports, BoP) are 4.87%, ranking 115th out of 166 countries. The country's performance is below the average of 11.75% for this attribute.

Communications, computer, etc. (% of service exports, BoP) in Lebanon constitute 42.39% of its service exports, placing it at the 96th position out of 169 countries. This figure is slightly below the average of 45.85%.

Lebanon's Transport services (% of service exports, BoP) represent 2.48% of its service exports. The country ranks 153rd out of 169 countries, significantly lower than the average of 21.80%.

Travel services (% of service exports, BoP) in Lebanon make up 47.49% of its service exports, placing the country at the 29th position out of 167 countries. This value is notably higher than the average of 26.40%.

Lebanon's Insurance and financial services (% of service exports, BoP) account for 7.63% of its service exports, ranking 45th out of 161 countries. The country performs slightly better than the average of 6.46% for this attribute.

Summary

Lebanon's service exports, specifically in ICT, communications, and travel services, fall below global averages in terms of both absolute value and percentage contribution. This indicates a potential opportunity for Lebanon to focus on diversifying and strengthening its service export sectors to align more closely with international benchmarks, thus potentially boosting its economic competitiveness and resilience in the global market.

Commercial Service Exports

Summary

Broad Import Attributes

Lebanon's imports of goods and services in current US dollars amount to $10.7 billion, which is significantly below the average of $126.2 billion, ranking 89th out of 163 countries.

Imports of goods and services as a percentage of GDP for Lebanon stand at 33.76%, lower than the average of 44.15%. Lebanon ranks 97th out of 163 countries in this aspect.

Lebanon's international tourism expenditures as a percentage of total imports are notably high at 11.17%, well above the average of 3.98%. Lebanon ranks 9th out of 131 countries for this indicator.

ICT goods imports as a portion of total goods imports in Lebanon are relatively low at 1.92%, compared to the average of 6.85%. Lebanon ranks 135th out of 143 countries for this metric.

Lebanon's goods imports in current US dollars total $10.4 billion, significantly lower than the average of $92.0 billion, placing Lebanon at the 83rd rank out of 171 countries.

Imports of goods and services in Balance of Payments (BoP) terms in Lebanon amount to $15.2 billion, far below the average of $120.3 billion, ranking 84th out of 170 countries.

Imports of goods, services, and primary income in BoP terms for Lebanon are $17.8 billion, significantly lower than the average of $144.5 billion, resulting in Lebanon ranking 85th out of 170 countries.

Summary

Lebanon's macroeconomic indicators reveal a pattern of below-average imports across different categories such as goods and services, ICT goods, and total imports, ranking between 83rd to 135th out of various countries. However, Lebanon stands out with notably high international tourism expenditures as a percentage of total imports, ranking 9th globally. These indicators suggest that while Lebanon may have limitations in certain import sectors, its significant focus on international tourism could be a key driver of economic activity and foreign exchange inflows.

Merchandise Imports

Merchandise imports (current US$): Lebanon's merchandise imports value of $11,355,000,000 is significantly below the average of $89,385,605,263. Lebanon ranks 86th out of 190 countries in this data.

Manufactures imports (% of merchandise imports): Lebanon's percentage of manufactures imports, at 44.51%, is below the average of 66.76%. Lebanon ranks 149th out of 152 countries in this data.

Agricultural raw materials imports (% of merchandise imports): Lebanon's percentage of agricultural raw materials imports, at 0.87%, is below the average of 1.27%. Lebanon ranks 102nd out of 152 countries in this data.

Food imports (% of merchandise imports): Lebanon's percentage of food imports, at 19.78%, is above the average of 15.89%. Lebanon ranks 40th out of 152 countries in this data.

Fuel imports (% of merchandise imports): Lebanon's percentage of fuel imports, at 28.42%, is significantly above the average of 11.38%. Lebanon ranks 4th out of 152 countries in this data.

Ores and metals imports (% of merchandise imports): Lebanon's percentage of ores and metals imports, at 1.20%, is below the average of 2.57%. Lebanon ranks 99th out of 152 countries in this data.

Merchandise imports by the reporting economy, residual (% of total merchandise imports): Lebanon's residual imports value, at 0.18%, is below the average of 2.51%. Lebanon ranks 112th out of 180 countries in this data.

Summary

Lebanon's macroeconomic indicators reveal a significant reliance on fuel imports, ranking 4th globally in the percentage of fuel imports relative to total merchandise imports. This heavy dependency on fuel imports could potentially leave Lebanon vulnerable to global oil price fluctuations and supply chain disruptions, highlighting the importance of diversifying the country's energy sources and enhancing energy security.

Service Imports

Lebanon's Service imports amount to $4.8 billion, which is below the average of $27.6 billion. Lebanon ranks 73 out of 171 countries in this attribute.

Communications, computer, etc. represent 29.1% of Lebanon's service imports, lower than the average of 44.4%. Lebanon is ranked 132 out of 169 countries in this category.

Transport services constitute 19.3% of Lebanon's service imports, compared to the average of 32.9%. Lebanon ranks 132 out of 169 countries in this aspect.

Travel services contribute 34.8% to Lebanon's service imports, significantly surpassing the average of 14.1%. Lebanon is ranked 10th out of 169 countries in this criterion.

Insurance and financial services make up 16.8% of Lebanon's service imports, higher than the average of 8.5%. Lebanon holds the 20th position out of 169 countries in this context.

Summary

Lebanon demonstrates a unique service import composition compared to global averages, with a significant emphasis on travel services, which accounts for 34.8% of total service imports. This specialization has propelled Lebanon to the 10th rank globally in this category, highlighting a potential competitive advantage in the tourism sector. However, Lebanon's relatively lower focus on communications and transport services may indicate opportunities for diversification and improvement in these areas to align more closely with international norms and potentially enhance overall economic resilience and competitiveness.

Commercial Service Imports

Lebanon's commercial service imports amount to $4,747,905,800.68, which is below the average of $27,102,746,128.60, ranking 73rd out of 171 countries in the dataset. The country's Computer, communications, and other services (% of commercial service imports) stands at 28.29%, below the average of 41.71%, ranking 119th out of 169 countries. Lebanon's Insurance and financial services (% of commercial service imports) is at 16.97%, above the average of 8.85%, ranking 20th out of 169 countries. Transport services (% of commercial service imports) in Lebanon are at 19.56%, below the average of 34.71%, placing it 133rd out of 169 countries. Lastly, Lebanon's Travel services (% of commercial service imports) stand at 35.18%, surpassing the average of 14.73%, ranking 11th out of 169 countries in the dataset.

Summary

Lebanon's commercial service imports are significantly lower than the global average, ranking 73rd out of 171 countries. The country's reliance on Computer, communications, and other services is below average, while its emphasis on Insurance and financial services is above average. However, Lebanon lags behind in Transport services, ranking 133rd globally. Despite these challenges, the country excels in Travel services, ranking 11th globally.

These findings are crucial as they indicate Lebanon's strengths and weaknesses in terms of service imports. Understanding these statistics can help policymakers and stakeholders in Lebanon identify areas for improvement, capitalize on competitive advantages, and make informed decisions to enhance the country's overall macroeconomic performance.

Infrastructure

Summary

Lebanon lags behind global averages in key air transport and maritime indicators, indicating significant untapped potential in these sectors. With below-average figures in air freight, carrier departures, passenger traffic, and container port traffic, Lebanon has room for growth and development in its transportation infrastructure. Improving these indicators can enhance Lebanon's connectivity, trade links, and overall economic competitiveness on the international stage.

Information Technology Infrastructure

- Secure Internet servers: Lebanon has 1838 secure internet servers, which is significantly below the average of 458294. The country ranks 101 out of 193 countries in this attribute data.

- Secure Internet servers (per 1 million people): Lebanon has 324.57 secure internet servers per 1 million people, well below the average of 14067.17. The country holds the 108th rank out of 193 countries in this category.

- Individuals using the Internet (% of population): With 83.10% of its population using the internet, Lebanon surpasses the average of 64.77%. The country ranks 54th out of 180 nations.

- Fixed broadband subscriptions: Lebanon has 432,070 fixed broadband subscriptions, below the average of 6,591,956. The country ranks 92nd out of 185 countries in this aspect.

- Mobile cellular subscriptions: Lebanon has 4,288,221 mobile cellular subscriptions, lower than the average of 42,526,463. The country holds the 127th rank out of 193 nations included in this data.

Summary

Lebanon lags behind global averages in key internet and telecommunication indicators, such as secure internet servers, fixed broadband subscriptions, and mobile cellular subscriptions. The country's performance is below average in all these categories, leading to lower connectivity levels compared to the global standard. Improving these metrics is crucial for Lebanon's integration into the digital economy, enhancing communication networks, and promoting technological advancements for overall socioeconomic development.

Energy Consumption

Lebanon's renewable energy consumption stands at 6.71% of total final energy consumption, significantly lower than the average of 32.18%. The country ranks 155 out of 191 nations in this aspect of energy consumption.

On the other hand, Lebanon's CO2 emissions amount to 21,474.9 kt, below the average of 171,895.94 kt. Despite this lower CO2 emission, Lebanon still ranks 78 out of 188 countries in CO2 emissions, indicating a relatively high level compared to other nations in the dataset.

Summary

In summary, Lebanon's renewable energy consumption is well below the global average, ranking quite low compared to other nations. However, the country's CO2 emissions are relatively lower than the average but still rank relatively high among the countries analyzed. These indicators are important as they highlight Lebanon's need to focus on increasing renewable energy consumption to align with global standards while also addressing its comparatively high CO2 emissions to contribute positively to climate change mitigation efforts.

Government Balance Sheet

Lebanon's net acquisition of financial assets (% of GDP) is 1.46, below the average of 2.45. Lebanon ranks 44 out of 87 countries in this attribute.

Lebanon's net incurrence of liabilities, total (% of GDP), stands at 5.10, below the average of 7.43 and ranks 60 out of 92 countries.

The total reserves (% of total external debt) for Lebanon are 61.62, below the average of 66.13. Lebanon ranks 27 out of 102 countries in this aspect.

Regarding reserves and related items (BoP, current US$), Lebanon has -14119998193.91, significantly lower than the average of 1924407186.58. Lebanon ranks 166 out of 171 countries.

Lebanon's total reserves minus gold (current US$) is 25000678886.57, below the average of 74221588171.61. Lebanon ranks 50 out of 161 countries.

Lebanon's total reserves (includes gold, current US$) amount to 42440403086.57, below the average of 85708019773.47. Lebanon ranks 42 out of 161 countries in this attribute.

Regarding total reserves in months of imports, Lebanon has 28.57, significantly above the average of 7.10. Lebanon ranks 3 out of 151 countries in this metric.

Summary

Lebanon's macroeconomic indicators paint a picture of financial vulnerability. The country's low net acquisition of financial assets and high incurrence of liabilities suggest a reliance on external financing. With below-average reserves and high levels of debt, Lebanon's ability to weather economic shocks may be compromised, especially considering its low rankings globally. The significant deficit in reserves and negative BoP values indicate a potential risk of currency devaluation or default if not addressed promptly.

Government Revenue

Lebanon's Revenue, excluding grants (% of GDP) stands at 11.56%, below the average of 27.02%. This places Lebanon at rank 112 out of 122 countries in the dataset.

In terms of Grants and other revenue (% of revenue), Lebanon's value of 23.17% is slightly below the average of 23.54%. Lebanon ranks 33 out of 108 countries.

Lebanon's Social contributions (% of revenue) amount to 1.88%, significantly lower than the average of 22.29%. This places Lebanon at rank 73 out of 81 countries.

When it comes to Taxes on goods and services (% of revenue), Lebanon's value of 23.65% is below the average of 31.82%, placing Lebanon at rank 95 out of 122 countries.

Lebanon's Taxes on international trade (% of revenue) stand at 2.36%, below the average of 6.24%. Lebanon is ranked 65 out of 101 countries.

Lebanon's Other taxes (% of revenue) represent 19.12%, significantly higher than the average of 2.12%. This places Lebanon at rank 2 out of 106 countries.

Regarding Taxes on income, profits and capital gains (% of revenue), Lebanon's value of 29.82% exceeds the average of 24.66%. Lebanon ranks 40 out of 119 countries in this category.

Summary

Lebanon's macroeconomic indicators reflect a mixed financial landscape. While the country falls below average in revenue, grants, and social contributions, it surpasses in other areas such as other taxes and taxes on income, profits, and capital gains. These figures highlight Lebanon's heavy reliance on taxes on income and other non-traditional revenue sources, indicating potential areas for diversification. Understanding these indicators is crucial for policymakers to assess Lebanon's fiscal health, identify areas for improvement, and implement strategic economic reforms to ensure long-term stability and growth.

Taxes

Lebanon's Tax revenue (% of GDP) stands at 8.90%, below the average of 16.72%. It ranks 109 out of 123 countries in this attribute.

Customs and other import duties (% of tax revenue) in Lebanon is 3.15%, lower than the average of 9.01%. Lebanon ranks 72 out of 99 countries in this category.

For Taxes on income, profits and capital gains (% of total taxes), Lebanon's value of 39.78% exceeds the average of 38.40%. It holds the 56th rank out of 120 countries.

Lebanon's Tariff rate, applied, weighted mean, all products (%) is 2.83%, below the average of 5.21%. It ranks 87 out of 153 countries in this aspect.

Summary

Lebanon exhibits a mixed performance in key macroeconomic indicators related to taxation and tariffs. While it has a relatively low tax revenue (% of GDP) and customs duties (% of tax revenue), its Taxes on income, profits, and capital gains (% of total taxes) are slightly higher than the average. However, its applied tariff rate of 2.83% is lower than the average. These indicators are crucial as they reflect Lebanon's fiscal policies, trade competitiveness, and overall economic health.

Government Expenses

Lebanon's Expense (% of GDP) is 14.94%, which is below the average of 31.69%. This places Lebanon at a rank of 112 out of 123 countries.

In terms of Compensation of employees (% of expense), Lebanon's value of 31.92% is above the average of 24.70%. Lebanon ranks 39 out of 123 countries for this attribute.

Lebanon's Goods and services expense (% of expense) stands at 4.56%, below the average of 14.77%, ranking at 114 out of 122 countries.

Interest payments (% of expense) in Lebanon are at 16.69%, significantly above the average of 6.85%. This places Lebanon at a high rank of 8 out of 121 countries.

For Other expense (% of expense), Lebanon's value of 0.99% is below the average of 8.29%. Lebanon holds a rank of 110 out of 120 countries for this attribute.

Lebanon's Subsidies and other transfers (% of expense) are at 45.85%, slightly above the average of 43.29%. Lebanon is ranked 55 out of 121 countries in this category.

Summary

Lebanon has below-average Expense (% of GDP), Goods and services expense (% of expense), and Other expense (% of expense), indicating a relatively conservative fiscal approach compared to other countries. However, Lebanon's high Interest payments (% of expense) and Subsidies and other transfers (% of expense) showcase challenges in managing debt and social support programs effectively. These indicators are crucial as they provide insights into Lebanon's fiscal health, economic structure, and government priorities, guiding potential policy adjustments for sustainable development.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Urban population (% of total population)	19/194
Armed forces personnel (% of total labor force)	6/164
Services, value added (% of GDP)	2/183
Inflation, consumer prices (annual %)	3/165
Inflation, GDP deflator (annual %)	3/188
Final consumption expenditure (% of GDP)	11/159
Households and NPISHs final consumption expenditure (% of GDP)	4/158
Total debt service (% of GNI)	1/120
External debt stocks (% of GNI)	3/120
Net capital account (BoP, current US$)	10/159
International tourism, expenditures (% of total imports)	9/131
Fuel imports (% of merchandise imports)	4/152
Travel services (% of service imports, BoP)	10/169
Travel services (% of commercial service imports)	11/169
Total reserves in months of imports	3/151
Other taxes (% of revenue)	2/106
Interest payments (% of expense)	8/121

Ranks in Bottom Decile For:

Attribute	Rank/Total
Rural population (% of total population)	176/190
Total natural resources rents (% of GDP)	172/175
Forest rents (% of GDP)	162/174
Manufacturing, value added (% of GDP)	161/173
General government final consumption expenditure (% of GDP)	143/158
Listed domestic companies, total	71/72
Net financial account (BoP, current US$)	157/170
Transport services (% of service exports, BoP)	153/169
Transport services (% of commercial service exports)	155/169
ICT goods imports (% total goods imports)	135/143
Manufactures imports (% of merchandise imports)	149/152
Reserves and related items (BoP, current US$)	166/171
Revenue, excluding grants (% of GDP)	112/122
Social contributions (% of revenue)	73/81
Expense (% of GDP)	112/123
Goods and services expense (% of expense)	114/122
Other expense (% of expense)	110/120