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Economy of Belarus vs Lebanon compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $26B for Lebanon, ranking 80/197 and 121/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $41B (139.4% of GDP) in Lebanon.

Belarus vs Lebanon GDP by year

Belarus
Lebanon
1x
Year GDP, current $
Belarus Lebanon
2025 $93,397,215,864 -
2024 $78,591,839,300 $25,971,643,441
2023 $72,478,760,370 $20,078,620,357
2022 $73,775,179,925 $20,992,421,949
2021 $69,673,747,132 $23,131,941,557
2020 $61,371,673,345 $31,712,128,254
2019 $64,410,170,653 $51,605,959,131
2018 $60,031,026,576 $54,901,519,156
2017 $54,725,405,751 $53,027,680,686
2016 $47,723,545,321 $51,147,308,774
2015 $56,454,769,845 $49,929,337,837
2014 $78,813,069,121 $48,095,213,747
2013 $75,527,558,966 $46,880,103,081
2012 $65,685,890,439 $44,016,799,516
2011 $61,762,382,328 $39,927,125,962
2010 $57,231,904,543 $38,443,907,042
2009 $50,873,167,326 $35,399,582,929
2008 $60,752,106,347 $29,118,916,105
2007 $45,275,711,996 $24,827,355,015
2006 $36,961,894,281 $22,022,709,851
2005 $30,210,091,837 $21,497,336,499
2004 $23,141,566,293 $21,159,827,992
2003 $17,825,444,724 $20,082,918,740
2002 $14,594,900,945 $19,152,238,806
2001 $12,354,820,144 $17,649,751,244
2000 $12,736,856,828 $17,260,364,842
1999 $12,138,486,532 $17,391,056,369
1998 $15,222,012,660 $17,247,179,006
1997 $14,128,408,566 $15,751,867,489
1996 $14,500,437,520 $13,690,217,334
1995 $13,972,683,274 $11,718,795,529
1994 $14,931,435,232 $9,599,127,050
1993 $16,275,073,527 $7,941,744,492
1992 $16,939,790,094 $5,843,579,161
1991 $18,404,907,975 $4,690,415,093
1990 $17,389,558,233 $2,838,485,354
1989 - $2,717,998,688
1988 - $3,313,540,068

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

GDP per capita in Belarus vs Lebanon by year

Belarus
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - - -
2024 $8,606 $33,010 $4,473 -
2023 $7,897 $30,834 $3,478 $12,575
2022 $7,995 $28,429 $3,654 $12,293
2021 $7,490 $27,611 $4,045 $11,600
2020 $6,543 $24,872 $5,561 $16,260
2019 $6,838 $22,302 $8,906 $21,710
2018 $6,360 $20,026 $9,175 $21,985
2017 $5,786 $18,414 $8,608 $20,964
2016 $5,040 $17,832 $8,089 $18,941
2015 $5,967 $18,134 $7,714 $17,046
2014 $8,341 $19,038 $7,578 $16,140
2013 $7,998 $19,014 $8,162 $16,316
2012 $6,953 $18,115 $8,407 $16,121
2011 $6,528 $16,563 $7,835 $14,975
2010 $6,035 $15,339 $7,626 $14,704
2009 $5,352 $14,034 $7,091 $13,586
2008 $6,376 $13,886 $5,912 $12,416
2007 $4,735 $12,320 $5,125 $11,356
2006 $3,848 $10,995 $4,635 $10,312
2005 $3,126 $9,637 $4,602 $10,020
2004 $2,378 $8,483 $4,601 $9,609
2003 $1,820 $7,362 $4,438 $8,914
2002 $1,479 $6,697 $4,291 $8,586
2001 $1,244 $6,238 $4,010 $8,289
2000 $1,276 $5,796 $3,987 $7,938
1999 $1,211 $5,331 $4,087 $7,793
1998 $1,511 $5,061 $4,125 $7,861
1997 $1,396 $4,596 $3,834 $7,632
1996 $1,427 $4,039 $3,393 $7,560
1995 $1,371 $3,846 $2,959 $6,796
1994 $1,460 $4,190 $2,468 $6,367
1993 $1,590 $4,641 $2,079 $5,871
1992 $1,658 $4,917 $1,559 $5,279
1991 $1,805 $5,330 $1,278 $4,527
1990 $1,707 $5,220 $790 $2,990
1989 - - $771 -
1988 - - $959 -

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $4,473 in Lebanon, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Lebanon ranks 123rd at $12,575.

Economic indicators

Belarus Lebanon
Gross domestic product
$93.4B
2025
$26B
2024
GDP rank
80/197
2025
121/197
2024
GDP growth
1.3%
2024-2025
-7.08%
2023-2024
GDP per capita
$10,279
2025
$4,473
2024
GDP per capita rank
88/197
2025
129/197
2024
GDP per capita, PPP
$33,010
2024
$12,575
2023
GDP per capita PPP rank
68/197
2024
123/197
2023
Government debt
$30.9B
2025
$41B
2024
Debt-to-GDP ratio
33.1%
2025
139.4%
2025
Government debt per person
$3,399
2025
$7,061
2024
Government debt per person rank
98/185
2025
71/185
2024
Average annual personal income after taxes
$8,062
2026
$3,055
2026
Market capitalization of domestic companies
$5.54B
2025
$10.6B
2021
Number of billionaires n/a
6
2026
Income share by richest 10%
20.7%
2020
25.6%
2022
Income share by poorest 10%
4.5%
2020
2.8%
2022
Government expenditure, % of GDP
41.3%
2025
15.5%
2025
Consumer prices inflation
6.6%
2024-2025
14.6%
2024-2025
Central bank interest rate
9.25%
2026
20%
2023
Unemployment rate
3.04%
2024
11.3%
2019
Population
9025821
5921719

Spending and national debt comparison by year

Belarus
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Belarus Lebanon
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 15.5% 139.4%
2024 40.8% 38.7% 15.3% 157.9%
2023 40.3% 40.7% 14.3% 185.8%
2022 38% 40.8% 12.9% 235.9%
2021 36.7% 41.2% 10.5% 346%
2020 38% 47.5% 24.5% 157.2%
2019 37.4% 41% 31.3% 171.9%
2018 37.8% 47.5% 32.1% 154%
2017 39% 53.2% 30.7% 150.4%
2016 40.7% 53.5% 28.6% 147.9%
2015 41.8% 53% 26.7% 140.9%
2014 38.8% 38.8% 28.9% 138.5%
2013 40.8% 36.9% 28.9% 135.4%
2012 38.9% 36.9% 30.2% 131.1%
2011 40.3% 58.2% 28.8% 134.4%
2010 44.3% 36.8% 29.2% 136.8%
2009 51.7% 32.5% 32.1% 144.5%
2008 60% 20.3% 34.3% 161.5%
2007 49.2% 15.8% 35.2% 169.3%
2006 47.2% 12.3% 36.1% 183.3%
2005 45% 8.12% 31.4% 178.9%
2004 44% 9.22% 33.3% 169.5%
2003 43.5% - 36.4% 171.3%
2002 43.8% - 36.8% 163.1%
2001 42.4% - 38.9% 163.1%
2000 - - 42.8% 148.1%
1999 - - 35.6% 130.2%
1998 - - 34.7% 108.2%
1997 - - 40.5% 100.2%
1996 - - 43.6% 101.2%
1995 - - 31.1% 79.6%
1994 - - 47.3% 71.5%
1993 - - 23% 50.5%
1992 - - 36.1% 51.7%
1991 - - 35.6% 67.1%
1990 - - 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Lebanon spent $3.98B, or 15.5% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 139.4% in Lebanon, ranking 148/185 and 8/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Lebanon
1x
Year Deficit/surplus, % of GDP
Belarus Lebanon
2025 0.15% 3.25%
2024 0.54% 0.39%
2023 0.76% -1.64%
2022 -1.98% -7.49%
2021 -0.22% -2.57%
2020 -2.87% -7.79%
2019 0.91% -10.5%
2018 1.8% -11.2%
2017 -0.34% -8.68%
2016 -1.66% -8.98%
2015 -2.96% -7.49%
2014 0.09% -6.22%
2013 -0.98% -8.83%
2012 0.36% -8.43%
2011 -2.81% -5.94%
2010 -4.19% -7.47%
2009 -7.23% -8.1%
2008 -10.9% -9.86%
2007 -7.82% -10.9%
2006 -7.71% -10.6%
2005 -6.71% -8.57%
2004 -7.06% -9.83%
2003 -6.74% -14%
2002 -7.81% -16.2%
2001 -4.74% -21%
2000 - -23.9%
1999 - -16.7%
1998 - -17.3%
1997 - -24.5%
1996 - -25.7%
1995 - -13.6%
1994 - -29.1%
1993 - -7.19%
1992 - -24%
1991 - -19.5%
1990 - -30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2024, Belarus' government surplus, the difference between spending and revenue, was $423M, equivalent to 0.54% of GDP. This compares to Lebanon's surplus of $102M, or 0.39% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Lebanon ran a deficit in 23 years. On average, Belarus posted an annual deficit equal to 3.34% of GDP, compared to deficit of 8.83% of GDP for Lebanon.

Inflation comparison by year

Inflation
Belarus

Lebanon
1x
Year Consumer prices inflation
Belarus Lebanon
2025 6.6% 14.6%
2024 5.7% 45.2%
2023 5% 221.3%
2022 15.2% 171.2%
2021 9.5% 154.8%
2020 5.5% 84.9%
2019 5.6% 2.9%
2018 4.9% 6.1%
2017 6% 4.4%
2016 11.8% -0.8%
2015 13.5% -3.7%
2014 18.1% 1.9%
2013 18.3% 4.8%
2012 59.2% 6.6%
2011 53.2% 5%
2010 7.7% 4%
2009 13% 1.2%
2008 14.8% 10.7%
2007 8.4% 4.1%
2006 7% 4.1%
2005 10.3% -1.4%
2004 18.1% 1.7%
2003 28.4% 1.3%
2002 42.6% 1.8%
2001 61.1% -0.4%
2000 168.6% -0.4%
1999 293.7% 0.2%
1998 73% 4.5%
1997 63.8% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 26.1% in Lebanon. In 2025, inflation was 6.6% in Belarus and 14.6% in Lebanon.

Top exports between countries

Belarus
Export category Export value
Animal & marine products $531K
Chemicals & pharma $361K
Wood & paper products $312K
Raw materials & minerals $307K
Machinery & equipment $155K
Processed food, beverages & tobacco $71K
Textiles & consumer goods $49K
Raw agricultural goods $12K
Lebanon
Export category Export value
Processed food, beverages & tobacco $152K
Machinery & equipment $110K
Raw agricultural goods $71K
Weapons & explosives $70K
Chemicals & pharma $51K
Precious metals & jewellery $2K

Balance of trade

Belarus Lebanon
Current account balance
-$1.82B
2025
-$5.64B
2023
Current account balance ranking
137/190
2025
166/190
2023
Current account balance, % of GDP
-1.94%
2025
-28.1%
2023
Goods imports
$46B
2025
$16.7B
2023
Goods exports
$40B
2025
$3.85B
2023
Service imports
$7.55B
2025
$6.63B
2023
Service exports
$11.7B
2025
$7.92B
2023
Imports of goods and services, % of GDP
57%
2025
58.9%
2024
Exports of goods and services, % of GDP
55.1%
2025
23.3%
2024

Economic freedom indices

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

Belarus Lebanon
Economic freedom 49.1 43.1
Economic freedom ranking 166/197 183/197
Property rights 20 21.8
Government integrity 28.3 23.4
Judicial effectiveness 11.5 23.8
Tax burden 93.5 90.3
Government spending 52.6 93.3
Fiscal health 96.8 63.4
Business freedom 50.3 47.6
Labor freedom 48 48.4
Monetary freedom 69 0
Trade freedom 69.2 65.6
Investment freedom 30 20
Financial freedom 20 20

Economic freedom comparison by year

Belarus
Lebanon
1x
Year Economic freedom index
Belarus Lebanon
2026 49.1 43.1
2025 48.9 44.1
2024 48.4 48.3
2023 51 45.6
2022 53 47.3
2021 61 51.4
2020 61.7 51.7
2019 57.9 51.1
2018 58.1 53.2
2017 58.6 53.3
2016 48.8 59.5
2015 49.8 59.3
2014 50.1 59.4
2013 48 59.5
2012 49 60.1
2011 47.9 60.1
2010 48.7 59.5
2009 45 58.1
2008 45.3 60
2007 47 60.4
2006 47.5 57.5
2005 46.7 57.2
2004 43.1 56.9
2003 39.7 56.7
2002 39 57.1
2001 38 61
2000 41.3 56.1
1999 35.4 59.1
1998 38 59
1997 39.8 63.9
1996 38.7 63.2
1995 40.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, 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

Belarus Lebanon
Services, % of GDP
50%
2025
35.7%
2024
Industry, % of GDP
31.6%
2025
2.63%
2024
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
1.05%
2024
GNI, Atlas method
$83.3B
2025
$20.7B
2024
GNI per capita, PPP
$34,310
2025
$11,790
2024
Total reserves including gold
$14.5B
2025
$33.3B
2024
Total reserves ranking
72/177
2025
56/177
2024
Net foreign direct investment
-$1.43B
2025
-$583M
2023
Net inflows of foreign direct investment
$1.74B
2024
$1.84B
2024
Net outflows of foreign direct investment
$170M
2024
$391M
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
9.68%
2024
Poverty at national poverty lines
3.5%
2024
27.4%
2012
Gross capital formation, % of GDP
27.1%
2025
1.44%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.