Lebanon GDP: Top 5 Amazing Facts

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Lebanon GDP

Lebanon country overview

Before we start to discuss Lebanon GDP  first we discuss Lebanon’s country overview, so Lebanon is officially called the Republic of Lebanon. Lebanon is located in Western Asia.

Lebanon GDP
Lebanon GDP

Its bordered countries are Syria, Israel, and Cyprus. Beirut is the largest city and Capital of Lebanon. Its official languages are Arabic and Fench.

When we talk about its ethnic groups, 95% Arabs and 5% non-Arabs live in Lebanon. When we talk about the religious divide in Lebanon, so 56% of Muslims and 44% of non-Muslims live in Lebanon.

Lebanon’s government system is the Unitary confessionalist parliamentary Republic. Lebanon’s president’s name is Michel Aoun. Its prime minister’s name is Najib Mikati. Lebanon’s total land area is 10,451 km2.

Its land area rank is 161st in the world. Its total population is 5,859,400 in the year 2018. Its population rank is 109th in the world. Its population density is 560/km2. Lebanon’s population density rank is 21st in the world. 

Lebanon Economy

Its currency is called the Lebanese pound. Lebanon’s economy is generally called the developing and emerging economy and an upper middle-income economy.

The inflation rate in Lebanon is 300% in the year 2021. 28% of its population lives below the poverty line. Its HDI rate is 0.730 in the year 2018. Its HDI rank is 80th in the world.

When we talk about its Labour force by occupation, agriculture 12%, the industry is 23%, and services are 66% in the year 2020.

The unemployment rate in Lebanon is 6.5% in the year 2020. Lebanon’s gross external debt is $33 billion in the year 2019. Lebanon’s total foreign reserves are $55 billion in the year 2018. 

Lebanon GDP

Lebanon’s total GDP is $7 billion (nominal) and $74 billion (PPP) in the year 2021. Its GDP per capita is $4,900 (nominal) and $11,500 (PPP) in the year 2021. When we talk about its GDP by sector, agriculture by 4%, industry by 13%, and services are 84% in the year 2018. 

Lebanon Exports

Its total exports are $18 billion in the year 2020. Its main export goods are metals, chemicals, machinery, paper, food products, and others. Its main export partners are UAE, China, Saudi Arabia, and others. 

Lebanon Imports

Lebanon’s total imports are $31 billion in the year 2020. Its main import goods are petroleum, metals, textile, machinery, and others. Its main import partners are UAE, China, Italy, Turkey, the USA, and others. 

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