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Economy of Lebanon vs Namibia compared: GDP & Debt

Updated on by Georank

Lebanon has a GDP of $26B compared to $15.1B for Namibia, ranking 121/197 and 146/197 by economy size, respectively.

Lebanon has $41B in government debt (139.4% of GDP), compared to $10.6B (70.2% of GDP) in Namibia.

Lebanon vs Namibia GDP by year

Lebanon
Namibia
1x
Year GDP, current $
Lebanon Namibia
2025 - $15,080,340,654
2024 $25,971,643,441 $13,641,190,683
2023 $20,078,620,357 $12,522,012,874
2022 $20,992,421,949 $12,569,449,123
2021 $23,131,941,557 $12,402,486,184
2020 $31,712,128,254 $10,583,748,542
2019 $51,605,959,131 $12,541,928,303
2018 $54,901,519,156 $13,682,019,076
2017 $53,027,680,686 $12,895,153,371
2016 $51,147,308,774 $10,722,018,732
2015 $49,929,337,837 $11,335,161,084
2014 $48,095,213,747 $12,435,430,970
2013 $46,880,103,081 $12,043,307,277
2012 $44,016,799,516 $13,042,053,592
2011 $39,927,125,962 $12,523,359,441
2010 $38,443,907,042 $11,431,412,421
2009 $35,399,582,929 $8,938,847,189
2008 $29,118,916,105 $8,607,431,497
2007 $24,827,355,015 $8,839,536,476
2006 $22,022,709,851 $8,001,779,551
2005 $21,497,336,499 $7,248,374,838
2004 $21,159,827,992 $6,609,205,995
2003 $20,082,918,740 $4,926,439,384
2002 $19,152,238,806 $3,349,169,826
2001 $17,649,751,244 $3,557,341,215
2000 $17,260,364,842 $3,922,232,165
1999 $17,391,056,369 $3,868,551,730
1998 $17,247,179,006 $3,873,109,866
1997 $15,751,867,489 $4,154,989,950
1996 $13,690,217,334 $3,989,163,197
1995 $11,718,795,529 $3,978,514,206
1994 $9,599,127,050 $3,666,503,530
1993 $7,941,744,492 $3,251,188,833
1992 $5,843,579,161 $3,429,521,699
1991 $4,690,415,093 $2,996,869,281
1990 $2,838,485,354 $2,789,921,854
1989 $2,717,998,688 $2,535,135,798
1988 $3,313,540,068 $2,495,094,746
1987 - $2,300,068,217
1986 - $1,809,048,527
1985 - $1,608,237,350
1984 - $1,951,260,038
1983 - $2,297,400,688
1982 - $2,118,710,248
1981 - $2,249,908,578
1980 - $2,421,990,338

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Lebanon vs Namibia by year

Lebanon
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $4,876 -
2024 $4,473 - $4,502 $11,687
2023 $3,478 $12,575 $4,226 $11,251
2022 $3,654 $12,293 $4,350 $10,663
2021 $4,045 $11,600 $4,413 $9,709
2020 $5,561 $16,260 $3,879 $9,354
2019 $8,906 $21,710 $4,732 $9,609
2018 $9,175 $21,985 $5,309 $9,854
2017 $8,608 $20,964 $5,144 $9,888
2016 $8,089 $18,941 $4,396 $10,200
2015 $7,714 $17,046 $4,774 $10,466
2014 $7,578 $16,140 $5,378 $10,365
2013 $8,162 $16,316 $5,347 $9,699
2012 $8,407 $16,121 $5,943 $9,364
2011 $7,835 $14,975 $5,835 $9,002
2010 $7,626 $14,704 $5,418 $8,538
2009 $7,091 $13,586 $4,303 $8,079
2008 $5,912 $12,416 $4,205 $8,125
2007 $5,125 $11,356 $4,379 $7,875
2006 $4,635 $10,312 $4,017 $7,374
2005 $4,602 $10,020 $3,686 $6,767
2004 $4,601 $9,609 $3,403 $6,480
2003 $4,438 $8,914 $2,569 $5,693
2002 $4,291 $8,586 $1,772 $5,433
2001 $4,010 $8,289 $1,916 $5,196
2000 $3,987 $7,938 $2,157 $5,129
1999 $4,087 $7,793 $2,178 $4,961
1998 $4,125 $7,861 $2,235 $4,852
1997 $3,834 $7,632 $2,460 $4,764
1996 $3,393 $7,560 $2,423 $4,612
1995 $2,959 $6,796 $2,483 $4,509
1994 $2,468 $6,367 $2,356 $4,376
1993 $2,079 $5,871 $2,155 $4,345
1992 $1,559 $5,279 $2,347 $4,452
1991 $1,278 $4,527 $2,117 $4,192
1990 $790 $2,990 $2,037 $3,875
1989 $771 - $1,967 -
1988 $959 - $2,063 -
1987 - - $1,969 -
1986 - - $1,599 -
1985 - - $1,466 -
1984 - - $1,830 -
1983 - - $2,214 -
1982 - - $2,097 -
1981 - - $2,267 -
1980 - - $2,468 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Lebanon's GDP per capita is $4,473, ranking 129/197, compared to $4,876 in Namibia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Namibia ranks 128th at $11,687.

Economic indicators

Lebanon Namibia
Gross domestic product
$26B
2024
$15.1B
2025
GDP rank
121/197
2024
146/197
2025
GDP growth
-7.08%
2023-2024
1.73%
2024-2025
GDP per capita
$4,473
2024
$4,876
2025
GDP per capita rank
129/197
2024
125/197
2025
GDP per capita, PPP
$12,575
2023
$11,687
2024
GDP per capita PPP rank
123/197
2023
128/197
2024
Government debt
$41B
2024
$10.6B
2025
Debt-to-GDP ratio
139.4%
2025
70.2%
2025
Government debt per person
$7,061
2024
$3,425
2025
Government debt per person rank
71/185
2024
97/185
2025
Average annual personal income after taxes
$3,055
2026
$3,433
2026
Market capitalization of domestic companies
$10.6B
2021
$2.48B
2024
Number of billionaires
6
2026
n/a
Income share by richest 10%
25.6%
2022
47.2%
2015
Income share by poorest 10%
2.8%
2022
1%
2015
Government expenditure, % of GDP
15.5%
2025
39.4%
2025
Consumer prices inflation
14.6%
2024-2025
3.5%
2024-2025
Central bank interest rate
20%
2023
6.5%
2025
Unemployment rate
11.3%
2019
19.9%
2018
Population
5921719
3185686

Spending and national debt comparison by year

Lebanon
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Lebanon Namibia
Government spending Government debt Government spending Government debt
2025 15.5% 139.4% 39.4% 70.2%
2024 15.3% 157.9% 39.6% 69.8%
2023 14.3% 185.8% 37% 67.9%
2022 12.9% 235.9% 36.6% 70.1%
2021 10.5% 346% 39.3% 69.6%
2020 24.5% 157.2% 41.5% 64.3%
2019 31.3% 171.9% 37.4% 57.6%
2018 32.1% 154% 36.3% 48.7%
2017 30.7% 150.4% 38.1% 43.8%
2016 28.6% 147.9% 41.8% 45.8%
2015 26.7% 140.9% 43.7% 42.1%
2014 28.9% 138.5% 41.8% 27.6%
2013 28.9% 135.4% 38.3% 26.1%
2012 30.2% 131.1% 35% 24.6%
2011 28.8% 134.4% 38.5% 27.4%
2010 29.2% 136.8% 33.5% 16.3%
2009 32.1% 144.5% 32% 15.9%
2008 34.3% 161.5% 28.4% 19.1%
2007 35.2% 169.3% 26.1% 19.4%
2006 36.1% 183.3% 27.4% 26.1%
2005 31.4% 178.9% 27.7% 26.9%
2004 33.3% 169.5% 28.4% 29.2%
2003 36.4% 171.3% 31.1% 27.1%
2002 36.8% 163.1% 29.8% 22.2%
2001 38.9% 163.1% 30.7% 24.4%
2000 42.8% 148.1% 30.1% 20.9%
1999 35.6% 130.2% 31.8% 21.8%
1998 34.7% 108.2% 31.3% 19.6%
1997 40.5% 100.2% 30.9% 17.7%
1996 43.6% 101.2% 30.4% 18.7%
1995 31.1% 79.6% 29.6% 18%
1994 47.3% 71.5% 28.7% 16.4%
1993 23% 50.5% 32.4% 17.2%
1992 36.1% 51.7% 32.8% 14.1%
1991 35.6% 67.1% 33% 11.8%
1990 40% 99.7% 30.2% 12.9%

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/lebanon/namibia | CC BY

In 2025, Lebanon's government spending was $3.98B, accounting for 15.5% of its GDP, while Namibia spent $5.94B, or 39.4% of GDP.

Debt-to-GDP ratio is 139.4% in Lebanon and 70.2% in Namibia, ranking 8/185 and 57/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Namibia
1x
Year Deficit/surplus, % of GDP
Lebanon Namibia
2025 3.25% -6.46%
2024 0.39% -3.84%
2023 -1.64% -3.14%
2022 -7.49% -6.33%
2021 -2.57% -8.68%
2020 -7.79% -8.07%
2019 -10.5% -5.49%
2018 -11.2% -5.09%
2017 -8.68% -4.99%
2016 -8.98% -9.3%
2015 -7.49% -8.3%
2014 -6.22% -6.44%
2013 -8.83% -4.69%
2012 -8.43% -3.1%
2011 -5.94% -7.09%
2010 -7.47% -4.98%
2009 -8.1% -0.4%
2008 -9.86% 3.48%
2007 -10.9% 6.01%
2006 -10.6% 3.41%
2005 -8.57% -0.31%
2004 -9.83% -2.67%
2003 -14% -4.47%
2002 -16.2% -1.38%
2001 -21% -2.01%
2000 -23.9% -0.79%
1999 -16.7% -1.88%
1998 -17.3% -2.76%
1997 -24.5% -2.38%
1996 -25.7% -3.7%
1995 -13.6% -1.74%
1994 -29.1% -0.57%
1993 -7.19% -2.73%
1992 -24% -2.55%
1991 -19.5% -1.59%
1990 -30.2% 1.08%

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

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

In 2024, Lebanon's government surplus, the difference between spending and revenue, was $102M, equivalent to 0.39% of GDP. This compares to Namibia's deficit of $524M, or 3.84% of GDP.

Over the past 35 years, Lebanon recorded a fiscal deficit in 34 of those years, while Namibia ran a deficit in 31 years. On average, Lebanon posted an annual deficit equal to 12.7% of GDP, compared to deficit of 3.07% of GDP for Namibia.

Inflation comparison by year

Inflation
Lebanon

Namibia
1x
Year Consumer prices inflation
Lebanon Namibia
2025 14.6% 3.5%
2024 45.2% 4.2%
2023 221.3% 5.9%
2022 171.2% 6.1%
2021 154.8% 3.6%
2020 84.9% 2.2%
2019 2.9% 3.7%
2018 6.1% 4.3%
2017 4.4% 6.1%
2016 -0.8% 6.7%
2015 -3.7% 3.4%
2014 1.9% 5.3%
2013 4.8% 5.6%
2012 6.6% 6.7%
2011 5% 5%
2010 4% 4.9%
2009 1.2% 9.5%
2008 10.7% 9.1%
2007 4.1% 6.5%
2006 4.1% 5%
2005 -1.4% 2.3%
2004 1.7% 4.1%
2003 1.3% 7.2%
2002 1.8% 12.7%
2001 -0.4% 10.2%
2000 -0.4% 10.2%
1999 0.2% 9.4%
1998 4.5% 6.6%
1997 7.7% 9.7%

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

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

Over the past 29 years, Lebanon has recorded an average annual inflation rate of 26.1%, compared with 6.2% in Namibia. In 2025, inflation was 14.6% in Lebanon and 3.5% in Namibia.

Top exports between countries

Lebanon
Export category Export value
Metals $2.68M
Machinery & equipment $184K
Chemicals & pharma $62K
Textiles & consumer goods $27K
Processed food, beverages & tobacco $11K
Raw materials & minerals $11K
Namibia
Export category Export value
Machinery & equipment $73K
Wood & paper products $67K
Raw agricultural goods $11K
Metals $8K
Raw materials & minerals $4K
Textiles & consumer goods $3K
Chemicals & pharma $1K

Balance of trade

Lebanon Namibia
Current account balance
-$5.64B
2023
-$1.83B
2024
Current account balance ranking
166/190
2023
138/190
2024
Current account balance, % of GDP
-28.1%
2023
-13.4%
2024
Goods imports
$16.7B
2023
$6.77B
2024
Goods exports
$3.85B
2023
$4.67B
2024
Service imports
$6.63B
2023
$2.47B
2024
Service exports
$7.92B
2023
$1.29B
2024
Imports of goods and services, % of GDP
58.9%
2024
63.9%
2025
Exports of goods and services, % of GDP
23.3%
2024
44.7%
2025

Economic freedom indices

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

Lebanon Namibia
Economic freedom 43.1 60.2
Economic freedom ranking 183/197 95/197
Property rights 21.8 63.1
Government integrity 23.4 51.5
Judicial effectiveness 23.8 67.2
Tax burden 90.3 66.4
Government spending 93.3 57.1
Fiscal health 63.4 60.5
Business freedom 47.6 58
Labor freedom 48.4 62.7
Monetary freedom 0 76.1
Trade freedom 65.6 69.8
Investment freedom 20 50
Financial freedom 20 40

Economic freedom comparison by year

Lebanon
Namibia
1x
Year Economic freedom index
Lebanon Namibia
2026 43.1 60.2
2025 44.1 58.7
2024 48.3 57.5
2023 45.6 57.7
2022 47.3 59.2
2021 51.4 62.6
2020 51.7 60.9
2019 51.1 58.7
2018 53.2 58.5
2017 53.3 62.5
2016 59.5 61.9
2015 59.3 59.6
2014 59.4 59.4
2013 59.5 60.3
2012 60.1 61.9
2011 60.1 62.7
2010 59.5 62.2
2009 58.1 62.4
2008 60 61.4
2007 60.4 63.5
2006 57.5 60.7
2005 57.2 61.4
2004 56.9 62.4
2003 56.7 67.3
2002 57.1 65.1
2001 61 64.8
2000 56.1 66.7
1999 59.1 66.1
1998 59 66.1
1997 63.9 61.6
1996 63.2 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Namibia
Services, % of GDP
35.7%
2024
55%
2025
Industry, % of GDP
2.63%
2024
28.9%
2025
Agriculture, forestry, and fishing, % of GDP
1.05%
2024
6.99%
2025
GNI, Atlas method
$20.7B
2024
$13.4B
2025
GNI per capita, PPP
$11,790
2024
$11,260
2025
Total reserves including gold
$33.3B
2024
$3.1B
2025
Total reserves ranking
56/177
2024
119/177
2025
Net foreign direct investment
-$583M
2023
-$1.89B
2024
Net inflows of foreign direct investment
$1.84B
2024
$1.93B
2024
Net outflows of foreign direct investment
$391M
2024
$44.4M
2024
Servicing debt to the IMF, % of GNI
9.68%
2024
n/a
Poverty at national poverty lines
27.4%
2012
17.4%
2015
Gross capital formation, % of GDP
1.44%
2024
18.7%
2025

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/lebanon/namibia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.