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Economy of Lebanon vs Moldova compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $18.2B for Moldova, ranking 128/197 and 134/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Lebanon vs Moldova GDP by year

Lebanon
Moldova
1x
Year GDP, current $
Lebanon Moldova
2024 - $18,200,340,854
2023 $20,078,620,357 $16,711,906,746
2022 $20,992,421,949 $14,525,337,524
2021 $23,131,941,557 $13,691,869,264
2020 $31,712,128,254 $11,530,746,234
2019 $51,605,959,131 $11,736,797,055
2018 $54,901,519,156 $11,252,353,421
2017 $53,027,680,686 $9,514,404,016
2016 $51,147,308,774 $7,980,917,076
2015 $49,929,337,837 $7,797,667,197
2014 $48,095,213,747 $9,402,090,138
2013 $46,880,103,081 $9,496,717,876
2012 $44,016,799,516 $8,709,138,635
2011 $39,927,125,962 $8,414,352,020
2010 $38,443,907,042 $6,974,982,370
2009 $35,399,582,929 $5,439,434,272
2008 $29,118,916,105 $6,054,824,248
2007 $24,827,355,015 $4,401,173,152
2006 $22,022,709,851 $3,408,255,451
2005 $21,497,336,499 $2,988,342,907
2004 $21,159,827,992 $2,598,249,556
2003 $20,082,918,740 $1,980,907,435
2002 $19,152,238,806 $1,661,818,168
2001 $17,649,751,244 $1,480,673,594
2000 $17,260,364,842 $1,288,429,392
1999 $17,391,056,369 $1,170,782,957
1998 $17,247,179,006 $1,698,717,505
1997 $15,751,867,489 $1,930,081,169
1996 $13,690,217,334 $1,695,122,174
1995 $11,718,795,529 $1,752,999,370
1994 $9,599,127,050 $1,702,314,268
1993 $7,941,744,492 $2,371,813,324
1992 $5,843,579,161 $2,319,243,436
1991 $4,690,415,093 $3,094,565,871
1990 $2,838,485,354 $3,592,857,043
1989 $2,717,998,688 -
1988 $3,313,540,068 -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

GDP per capita in Lebanon vs Moldova by year

Lebanon
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $7,576 $18,615
2023 $3,478 $12,575 $6,800 $17,747
2022 $3,654 $12,293 $5,744 $16,453
2021 $4,045 $11,600 $5,275 $15,682
2020 $5,561 $16,260 $4,376 $13,527
2019 $8,906 $21,710 $4,405 $13,413
2018 $9,175 $21,985 $4,156 $11,868
2017 $8,608 $20,964 $3,453 $11,252
2016 $8,089 $18,941 $2,847 $10,326
2015 $7,714 $17,046 $2,750 $9,198
2014 $7,578 $16,140 $3,290 $8,643
2013 $8,162 $16,316 $3,321 $8,233
2012 $8,407 $16,121 $3,045 $7,255
2011 $7,835 $14,975 $2,941 $6,833
2010 $7,626 $14,704 $2,437 $6,323
2009 $7,091 $13,586 $1,898 $5,827
2008 $5,912 $12,416 $2,111 $6,153
2007 $5,125 $11,356 $1,531 $5,590
2006 $4,635 $10,312 $1,183 $5,271
2005 $4,602 $10,020 $1,034 $4,866
2004 $4,601 $9,609 $897 $4,378
2003 $4,438 $8,914 $682 $3,960
2002 $4,291 $8,586 $571 $3,633
2001 $4,010 $8,289 $507 $3,311
2000 $3,987 $7,938 $441 $3,045
1999 $4,087 $7,793 $399 $2,910
1998 $4,125 $7,861 $579 $2,965
1997 $3,834 $7,632 $657 $3,136
1996 $3,393 $7,560 $575 $3,021
1995 $2,959 $6,796 $594 $3,146
1994 $2,468 $6,367 $574 $3,111
1993 $2,079 $5,871 $797 $4,394
1992 $1,559 $5,279 $778 $4,337
1991 $1,278 $4,527 $1,038 $5,980
1990 $790 $2,990 $1,207 $6,895
1989 $771 - - -
1988 $959 - - -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Moldova ranks 100th at $18,615.

Economic indicators

Lebanon Moldova
Gross domestic product
$20.1B
2023
$18.2B
2024
GDP rank
128/197
2023
134/197
2024
GDP growth
-0.76%
2022-2023
0.1%
2023-2024
GDP per capita
$3,478
2023
$7,576
2024
GDP per capita rank
135/197
2023
99/197
2024
GDP per capita, PPP
$12,575
2023
$18,615
2024
GDP per capita PPP rank
123/197
2023
100/197
2024
Government debt
$38.7B
2023
$7.06B
2024
Debt-to-GDP ratio
163.8%
2024
38.8%
2024
Government debt per person
$6,704
2023
$2,938
2024
Government debt per person rank
70/185
2023
102/185
2024
Average annual personal income after taxes
$3,560
2026
$4,291
2026
Market capitalization of domestic companies
$10.6B
2021
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
22.8%
2023
Income share by poorest 10%
2.8%
2022
4.3%
2023
Government expenditure, % of GDP
16.5%
2024
38%
2024
Consumer prices inflation
45.2%
2023-2024
4.68%
2023-2024
Central bank interest rate
20%
2023
6%
2025
Unemployment rate
11.3%
2019
1.43%
2024
Population
5906622
2341166

Spending and national debt comparison by year

Lebanon
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Lebanon Moldova
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 38% 38.8%
2023 14.9% 192.8% 38.8% 34.9%
2022 13.4% 244.6% 36.6% 35%
2021 10.9% 358% 34.6% 33.6%
2020 23.2% 148.7% 36.7% 36.6%
2019 31.3% 172.1% 32% 28.8%
2018 32.3% 155.1% 31.5% 31.8%
2017 30.6% 150% 31% 34.9%
2016 28.3% 146.4% 30.5% 39.7%
2015 26.7% 140.8% 31.7% 42.1%
2014 28.8% 138.4% 33.8% 35.4%
2013 28.9% 135.4% 32.4% 30%
2012 30.2% 131.1% 33.7% 31.3%
2011 28.8% 134.4% 32.6% 24.2%
2010 29.2% 136.8% 34.1% 25.5%
2009 32.1% 144.5% 45.3% 32.6%
2008 34.3% 161.5% 41.5% 22.2%
2007 35.2% 169.3% 42.7% 28.3%
2006 36.1% 183.3% 40.3% 35%
2005 31.4% 178.9% 37.1% 40.4%
2004 33.3% 169.5% 34.8% 49.3%
2003 36.4% 171.3% 33.5% 68.1%
2002 36.8% 163.1% 30.7% 80.3%
2001 38.9% 163.1% 29.5% 85.4%
2000 42.8% 148.1% 34% 89.1%
1999 35.6% 130.2% 33% 150.7%
1998 34.7% 108.2% 39.1% 159.4%
1997 40.5% 100.2% 46% 89%
1996 43.6% 101.2% 43.3% 87.5%
1995 31.1% 79.6% 42% 79.5%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20).

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 38.8% in Moldova, ranking 6/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Moldova
1x
Year Deficit/surplus, % of GDP
Lebanon Moldova
2024 -0.19% -3.88%
2023 -1.7% -5.13%
2022 -7.77% -3.24%
2021 -2.67% -2.62%
2020 -7.37% -5.32%
2019 -10.5% -1.47%
2018 -11.3% -0.85%
2017 -8.65% -0.65%
2016 -8.88% -1.56%
2015 -7.48% -1.93%
2014 -6.22% -1.6%
2013 -8.82% -1.57%
2012 -8.43% -1.93%
2011 -5.94% -2.05%
2010 -7.47% -2.18%
2009 -8.1% -6.38%
2008 -9.86% -0.87%
2007 -10.9% 0.15%
2006 -10.6% -0.42%
2005 -8.57% 1.44%
2004 -9.83% 0.59%
2003 -14% 0.47%
2002 -16.2% -1.18%
2001 -21% -0.34%
2000 -23.9% -3.55%
1999 -16.7% -2.64%
1998 -17.3% -1.52%
1997 -24.5% -7.47%
1996 -25.7% -7.42%
1995 -13.6% -2.58%
1994 -29.1% -
1993 -7.19% -
1992 -24% -
1991 -19.5% -
1990 -30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2023, Lebanon's government deficit, the difference between spending and revenue, was $342M, equivalent to 1.7% of GDP. This compares to Moldova's deficit of $857M, or 5.13% of GDP.

Over the past 29 years, Lebanon recorded a fiscal deficit in 29 of those years, while Moldova ran a deficit in 25 years. On average, Lebanon posted an annual deficit equal to 11.5% of GDP, compared to deficit of 2.2% of GDP for Moldova.

Inflation comparison by year

Inflation
Lebanon

Moldova
1x
Year Consumer prices inflation
Lebanon Moldova
2024 45.2% 4.68%
2023 221.3% 13.4%
2022 171.2% 28.7%
2021 154.8% 5.11%
2020 84.9% 3.77%
2019 2.9% 4.84%
2018 6.1% 3.05%
2017 4.5% 6.57%
2016 -0.8% 6.36%
2015 -3.8% 9.68%
2014 1.1% 5.09%
2013 5.6% 4.6%
2012 6.6% 4.55%
2011 5% 7.69%
2010 4% 7.48%
2009 1.2% -0.06%
2008 10.7% 12.8%
2007 4.1% 12.4%
2006 4.1% 12.8%
2005 -1.4% 12%
2004 1.7% 12.5%
2003 1.3% 11.7%
2002 1.8% 5.3%
2001 -0.4% 9.76%
2000 -0.4% 31.3%
1999 0.2% 39.3%
1998 4.5% 7.7%
1997 7.7% 11.8%

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/lebanon/moldova | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 10.5% in Moldova. In 2024, inflation was 45.2% in Lebanon and 4.68% in Moldova.

Top exports between countries

Lebanon
Export category Export value
Chemicals & pharma $160K
Processed food, beverages & tobacco $63K
Machinery & equipment $60K
Raw agricultural goods $4K
Moldova
Export category Export value
Raw agricultural goods $13.5M
Animal & marine products $7.06M
Processed food, beverages & tobacco $617K
Machinery & equipment $396K
Textiles & consumer goods $109K
Metals $7K
Chemicals & pharma $6K

Balance of trade

Lebanon Moldova
Current account balance
-$5.64B
2023
-$3.01B
2024
Current account balance ranking
168/190
2023
156/190
2024
Current account balance, % of GDP
-28.1%
2023
-16.6%
2024
Goods imports
$16.7B
2023
$8.63B
2024
Goods exports
$3.85B
2023
$3.01B
2024
Service imports
$6.63B
2023
$1.8B
2024
Service exports
$7.92B
2023
$2.73B
2024
Imports of goods and services, % of GDP
73.7%
2023
57.3%
2024
Exports of goods and services, % of GDP
30.6%
2023
31.4%
2024

Economic freedom indices

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

Lebanon Moldova
Economic freedom 43.1 58.1
Economic freedom ranking 183/197 112/197
Property rights 21.8 40.4
Government integrity 23.4 45.1
Judicial effectiveness 23.8 32.4
Tax burden 90.3 87.9
Government spending 93.3 57.2
Fiscal health 63.4 70.3
Business freedom 47.6 68.3
Labor freedom 48.4 48.1
Monetary freedom 0 66
Trade freedom 65.6 76.8
Investment freedom 20 55
Financial freedom 20 50

Economic freedom comparison by year

Lebanon
Moldova
1x
Year Economic freedom index
Lebanon Moldova
2026 43.1 58.1
2025 44.1 58.3
2024 48.3 57.1
2023 45.6 58.5
2022 47.3 61.3
2021 51.4 62.5
2020 51.7 62
2019 51.1 59.1
2018 53.2 58.4
2017 53.3 58
2016 59.5 57.4
2015 59.3 57.5
2014 59.4 57.3
2013 59.5 55.5
2012 60.1 54.4
2011 60.1 55.7
2010 59.5 53.7
2009 58.1 54.9
2008 60 57.9
2007 60.4 58.7
2006 57.5 58
2005 57.2 57.4
2004 56.9 57.1
2003 56.7 60
2002 57.1 57.4
2001 61 54.9
2000 56.1 59.6
1999 59.1 56.1
1998 59 53.5
1997 63.9 48.9
1996 63.2 52.5
1995 - 33

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Moldova
Services, % of GDP
42.4%
2023
62.3%
2024
Industry, % of GDP
2.09%
2023
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
7.11%
2024
GNI, Atlas method
$21.4B
2023
$16.5B
2024
GNI per capita, PPP
$12,420
2023
$18,710
2024
Total reserves including gold
$33.3B
2024
$5.48B
2024
Total reserves ranking
54/177
2024
96/177
2024
Net foreign direct investment
-$583M
2023
-$360M
2024
Net inflows of foreign direct investment
$1.84B
2024
$458M
2024
Net outflows of foreign direct investment
$391M
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
22%
2023
6.22%
2024
Poverty at national poverty lines
27.4%
2012
31.6%
2023
Gross capital formation, % of GDP
1.9%
2023
21.1%
2024

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/lebanon/moldova | CC BY

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Data sources:

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

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.