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Economy of Austria vs Lebanon compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $20.1B for Lebanon, ranking 30/197 and 128/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Austria vs Lebanon GDP by year

Austria
Lebanon
1x
Year GDP, current $
Austria Lebanon
2024 $534,790,720,467 -
2023 $516,670,509,629 $20,078,620,357
2022 $473,221,298,968 $20,992,421,949
2021 $480,466,363,177 $23,131,941,557
2020 $434,397,601,558 $31,712,128,254
2019 $442,983,642,372 $51,605,959,131
2018 $452,582,294,973 $54,901,519,156
2017 $414,926,138,133 $53,027,680,686
2016 $393,687,359,770 $51,147,308,774
2015 $379,546,097,301 $49,929,337,837
2014 $438,556,021,078 $48,095,213,747
2013 $426,580,502,769 $46,880,103,081
2012 $406,750,487,604 $44,016,799,516
2011 $428,954,737,064 $39,927,125,962
2010 $389,827,789,218 $38,443,907,042
2009 $399,290,118,782 $35,399,582,929
2008 $429,234,399,096 $29,118,916,105
2007 $386,760,177,589 $24,827,355,015
2006 $333,905,979,332 $22,022,709,851
2005 $313,952,317,331 $21,497,336,499
2004 $299,210,411,455 $21,159,827,992
2003 $260,779,834,340 $20,082,918,740
2002 $212,837,224,023 $19,152,238,806
2001 $196,477,206,829 $17,649,751,244
2000 $196,181,599,831 $17,260,364,842
1999 $216,421,809,126 $17,391,056,369
1998 $217,068,085,816 $17,247,179,006
1997 $211,724,812,267 $15,751,867,489
1996 $235,952,581,232 $13,690,217,334
1995 $240,094,169,510 $11,718,795,529
1994 $202,738,023,130 $9,599,127,050
1993 $189,634,029,339 $7,941,744,492
1992 $194,314,032,056 $5,843,579,161
1991 $173,113,449,617 $4,690,415,093
1990 $165,811,372,383 $2,838,485,354
1989 $132,584,448,258 $2,717,998,688
1988 $132,817,124,707 $3,313,540,068
1987 $123,682,091,859 -
1986 $98,648,254,169 -
1985 $69,114,996,010 -
1984 $67,719,055,773 -
1983 $71,838,528,420 -
1982 $70,996,111,963 -
1981 $70,755,997,062 -
1980 $81,737,498,405 -
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/lebanon | CC BY

GDP per capita in Austria vs Lebanon by year

Austria
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 - -
2023 $56,580 $73,545 $3,478 $12,575
2022 $52,337 $72,065 $3,654 $12,293
2021 $53,649 $62,969 $4,045 $11,600
2020 $48,716 $58,523 $5,561 $16,260
2019 $49,886 $60,355 $8,906 $21,710
2018 $51,194 $56,636 $9,175 $21,985
2017 $47,164 $53,870 $8,608 $20,964
2016 $45,061 $52,398 $8,089 $18,941
2015 $43,915 $49,549 $7,714 $17,046
2014 $51,315 $48,355 $7,578 $16,140
2013 $50,305 $47,520 $8,162 $16,316
2012 $48,250 $46,156 $8,407 $16,121
2011 $51,117 $44,172 $7,835 $14,975
2010 $46,611 $41,735 $7,626 $14,704
2009 $47,857 $40,687 $7,091 $13,586
2008 $51,581 $41,047 $5,912 $12,416
2007 $46,623 $39,192 $5,125 $11,356
2006 $40,382 $37,388 $4,635 $10,312
2005 $38,157 $34,777 $4,602 $10,020
2004 $36,614 $33,519 $4,601 $9,609
2003 $32,110 $31,959 $4,438 $8,914
2002 $26,335 $30,952 $4,291 $8,586
2001 $24,430 $29,553 $4,010 $8,289
2000 $24,487 $29,221 $3,987 $7,938
1999 $27,079 $27,500 $4,087 $7,793
1998 $27,212 $26,531 $4,125 $7,861
1997 $26,572 $25,301 $3,834 $7,632
1996 $29,646 $24,427 $3,393 $7,560
1995 $30,207 $23,604 $2,959 $6,796
1994 $25,546 $22,553 $2,468 $6,367
1993 $23,987 $21,647 $2,079 $5,871
1992 $24,783 $21,209 $1,559 $5,279
1991 $22,323 $20,536 $1,278 $4,527
1990 $21,596 $19,396 $790 $2,990
1989 $17,401 - $771 -
1988 $17,510 - $959 -
1987 $16,329 - - -
1986 $13,032 - - -
1985 $9,136 - - -
1984 $8,956 - - -
1983 $9,500 - - -
1982 $9,373 - - -
1981 $9,348 - - -
1980 $10,827 - - -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/lebanon | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Lebanon ranks 123rd at $12,575.

Economic indicators

Austria Lebanon
Gross domestic product
$535B
2024
$20.1B
2023
GDP rank
30/197
2024
128/197
2023
GDP growth
-0.66%
2023-2024
-0.76%
2022-2023
GDP per capita
$58,269
2024
$3,478
2023
GDP per capita rank
16/197
2024
135/197
2023
GDP per capita, PPP
$73,911
2024
$12,575
2023
GDP per capita PPP rank
19/197
2024
123/197
2023
Government debt
$432B
2024
$38.7B
2023
Debt-to-GDP ratio
80.8%
2024
163.8%
2024
Government debt per person
$47,075
2024
$6,704
2023
Government debt per person rank
10/185
2024
70/185
2023
Average annual personal income after taxes
$40,736
2026
$3,560
2026
Market capitalization of domestic companies
$121B
2024
$10.6B
2021
Number of billionaires
9
2025
6
2025
Income share by richest 10%
24.8%
2023
25.1%
2022
Income share by poorest 10%
2.8%
2023
2.8%
2022
Government expenditure, % of GDP
56%
2024
16.5%
2024
Consumer prices inflation
2.94%
2023-2024
45.2%
2023-2024
Central bank interest rate n/a
20%
2023
Unemployment rate
5.16%
2024
11.3%
2019
Population
9163419
5906622

Spending and national debt comparison by year

Austria
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Austria Lebanon
Government spending Government debt Government spending Government debt
2024 56% 80.8% 16.5% 163.8%
2023 52.7% 78.5% 14.9% 192.8%
2022 53% 78.4% 13.4% 244.6%
2021 56% 82.4% 10.9% 358%
2020 57.3% 83.2% 23.2% 148.7%
2019 49.1% 71% 31.3% 172.1%
2018 49.2% 74.6% 32.3% 155.1%
2017 49.8% 79.1% 30.6% 150%
2016 50.6% 83.4% 28.3% 146.4%
2015 51.2% 85.6% 26.7% 140.8%
2014 52.4% 85.2% 28.8% 138.4%
2013 52.4% 82.4% 28.9% 135.4%
2012 51.8% 82.9% 30.2% 131.1%
2011 51.3% 83.4% 28.8% 134.4%
2010 53.4% 83.7% 29.2% 136.8%
2009 54.6% 80.8% 32.1% 144.5%
2008 50.4% 69.5% 34.3% 161.5%
2007 49.7% 65.8% 35.2% 169.3%
2006 50.9% 68.2% 36.1% 183.3%
2005 51.7% 69.4% 31.4% 178.9%
2004 54.3% 65.9% 33.3% 169.5%
2003 51.8% 66.4% 36.4% 171.3%
2002 51.6% 67.4% 36.8% 163.1%
2001 51.8% 67.2% 38.9% 163.1%
2000 50.9% 66.1% 42.8% 148.1%
1999 50.5% 61.3% 35.6% 130.2%
1998 54.4% 69.2% 34.7% 108.2%
1997 52.5% 63.4% 40.5% 100.2%
1996 55.9% 68.2% 43.6% 101.2%
1995 56.1% 68.2% 31.1% 79.6%
1994 54.3% 64.1% 47.3% 71.5%
1993 54.3% 61% 23% 50.5%
1992 49.3% 56.3% 36.1% 51.7%
1991 47.9% 56.4% 35.6% 67.1%
1990 46.8% 56.2% 40% 99.7%
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/austria/lebanon | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 163.8% in Lebanon, ranking 44/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Lebanon
1x
Year Deficit/surplus, % of GDP
Austria Lebanon
2024 -4.64% -0.19%
2023 -2.62% -1.7%
2022 -3.31% -7.77%
2021 -5.69% -2.67%
2020 -8.2% -7.37%
2019 0.54% -10.5%
2018 0.2% -11.3%
2017 -0.78% -8.65%
2016 -1.45% -8.88%
2015 -0.48% -7.48%
2014 -1.92% -6.22%
2013 -1.99% -8.82%
2012 -2.18% -8.43%
2011 -2.48% -5.94%
2010 -4.46% -7.47%
2009 -5.38% -8.1%
2008 -1.57% -9.86%
2007 -1.56% -10.9%
2006 -2.61% -10.6%
2005 -2.59% -8.57%
2004 -4.94% -9.83%
2003 -1.84% -14%
2002 -1.43% -16.2%
2001 -0.71% -21%
2000 -2.07% -23.9%
1999 -2.63% -16.7%
1998 -2.68% -17.3%
1997 -2.38% -24.5%
1996 -4.38% -25.7%
1995 -6.17% -13.6%
1994 -5.04% -29.1%
1993 -4.57% -7.19%
1992 -2.15% -24%
1991 -2.96% -19.5%
1990 -2.58% -30.2%
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/lebanon | CC BY

In 2023, Austria's government deficit, the difference between spending and revenue, was $13.5B, equivalent to 2.62% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 34 years, Austria recorded a fiscal deficit in 32 of those years, while Lebanon ran a deficit in 34 years. On average, Austria posted an annual deficit equal to 2.8% of GDP, compared to deficit of 13.1% of GDP for Lebanon.

Inflation comparison by year

Inflation
Austria

Lebanon
1x
Year Consumer prices inflation
Austria Lebanon
2024 2.94% 45.2%
2023 7.81% 221.3%
2022 8.55% 171.2%
2021 2.77% 154.8%
2020 1.38% 84.9%
2019 1.53% 2.9%
2018 2% 6.1%
2017 2.08% 4.5%
2016 0.89% -0.8%
2015 0.9% -3.8%
2014 1.61% 1.1%
2013 2% 5.6%
2012 2.49% 6.6%
2011 3.29% 5%
2010 1.81% 4%
2009 0.51% 1.2%
2008 3.22% 10.7%
2007 2.17% 4.1%
2006 1.44% 4.1%
2005 2.3% -1.4%
2004 2.06% 1.7%
2003 1.36% 1.3%
2002 1.81% 1.8%
2001 2.65% -0.4%
2000 2.34% -0.4%
1999 0.57% 0.2%
1998 0.92% 4.5%
1997 1.31% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/lebanon | CC BY

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 26.6% in Lebanon. In 2024, inflation was 2.94% in Austria and 45.2% in Lebanon.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $9.12M
Chemicals & pharma $6.7M
Processed food, beverages & tobacco $5.24M
Metals $3.3M
Wood & paper products $2.35M
Textiles & consumer goods $1.58M
Animal & marine products $1.4M
Raw materials & minerals $435K
Raw agricultural goods $194K
Miscellaneous $127K
Lebanon
Export category Export value
Machinery & equipment $791K
Processed food, beverages & tobacco $343K
Textiles & consumer goods $161K
Precious metals & jewellery $144K
Chemicals & pharma $130K
Raw agricultural goods $65K
Raw materials & minerals $59K
Animal & marine products $38K
Metals $12K
Wood & paper products $12K

Balance of trade

Austria Lebanon
Current account balance
$8.19B
2024
-$5.64B
2023
Current account balance ranking
25/190
2024
168/190
2023
Current account balance, % of GDP
+1.53%
2024
-28.1%
2023
Goods imports
$195B
2024
$16.7B
2023
Goods exports
$201B
2024
$3.85B
2023
Service imports
$90.5B
2024
$6.63B
2023
Service exports
$96.6B
2024
$7.92B
2023
Imports of goods and services, % of GDP
53.1%
2024
73.7%
2023
Exports of goods and services, % of GDP
55.7%
2024
30.6%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Austria Lebanon
Economic freedom 69.8 43.1
Economic freedom ranking 38/197 183/197
Property rights 95.7 21.8
Government integrity 75 23.4
Judicial effectiveness 94.8 23.8
Tax burden 45.7 90.3
Government spending 12.8 93.3
Fiscal health 67.1 63.4
Business freedom 78.7 47.6
Labor freedom 81.6 48.4
Monetary freedom 76.4 0
Trade freedom 79.4 65.6
Investment freedom 60 20
Financial freedom 70 20

Economic freedom comparison by year

Austria
Lebanon
1x
Year Economic freedom index
Austria Lebanon
2026 69.8 43.1
2025 69.7 44.1
2024 68.4 48.3
2023 71.1 45.6
2022 73.8 47.3
2021 73.9 51.4
2020 73.3 51.7
2019 72 51.1
2018 71.8 53.2
2017 72.3 53.3
2016 71.7 59.5
2015 71.2 59.3
2014 72.4 59.4
2013 71.8 59.5
2012 70.3 60.1
2011 71.9 60.1
2010 71.6 59.5
2009 71.2 58.1
2008 71.4 60
2007 71.6 60.4
2006 71.1 57.5
2005 68.8 57.2
2004 67.6 56.9
2003 67.6 56.7
2002 67.4 57.1
2001 68.1 61
2000 68.4 56.1
1999 64 59.1
1998 65.4 59
1997 65.2 63.9
1996 68.9 63.2
1995 70 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/austria/lebanon | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Lebanon
Services, % of GDP
64%
2024
42.4%
2023
Industry, % of GDP
24.6%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
0.97%
2023
GNI, Atlas method
$503B
2024
$21.4B
2023
GNI per capita, PPP
$74,160
2024
$12,420
2023
Total reserves including gold
$35.4B
2024
$33.3B
2024
Total reserves ranking
53/177
2024
54/177
2024
Net foreign direct investment
$135M
2024
-$583M
2023
Net inflows of foreign direct investment
$13.7B
2024
$1.84B
2024
Net outflows of foreign direct investment
$13.8B
2024
$391M
2024
Servicing debt to the IMF, % of GNI n/a
22%
2023
Poverty at national poverty lines
14.8%
2021
27.4%
2012
Gross capital formation, % of GDP
23.6%
2024
1.9%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/austria/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.