Lebanon vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Lebanon ranked 81st with $56.6B. By GDP 5-years average growth and GDP per capita, Norway and Lebanon ranked 142nd vs 156th and 5th vs 83rd, respectively.

Gross Domestic Product & Income

Stat	Lebanon	Norway
GDP	$56.6B	$434.2B
GDP growth, 1 year	0.3%	1.4%
GDP growth, 5-years average	0.9%	1.7%
Population	6.1M	5.4M
GDP per capita	$8.3k	$82k
GDP per capita growth	-0.34%	0.58%
Purchasing Power Parity conversion factor	953.03	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.63	1.25
GDP per capita, PPP adjusted	$15k	$74k
GNI, Atlas method	$54.2B	$428.4B
GNI per capita	$7.9k	$81k
GNI, PPP adjusted	$89.1B	$363B
GNI per capita, PPP adjusted	$13k	$68k

Financial system and Human development

Stat	Lebanon	Norway
Income Tax Rate	20%	47.8%
Corporate Tax Rate	17%	22%
Inflation, consumer prices	6.1%	2.8%
Inflation, GDP deflator	5.9%	5.8%
Unemployment	6.2%	3.9%
Economic Freedom Index	51.7	73.4
Personal Freedom Index	6.29	9.55
Human Freedom Index	6.72	8.61
Property Rights Index	44.6	84.3
Judical Effectiveness Index	30.8	82.8
Business Freedom Index	45.6	86.1
Fiscal Health Index	0	97.3
Labor Freedom Index	47.8	57.4
Investment Freedom Index	60	75
Financial Freedom Index	50	60
Trade Freedom Index	77.4	83.8
Monetary Freedom Index	75.6	74.8
Government Spending Index	72.5	25.6
Tax Burden Index	90.8	57.7
Government Integrity Index	25	95.6
Corruption Perceptions Index	28	84
Life expectancy at birth, years	78.8	82.5
Suicide mortality rate, per 100,000 people	3.3	12.2
Mortality caused by road traffic injury, per 100,000 people	18.1	2.7
Intentional homicides, per 100,000 people	4	0.5
International tourism, number of arrivals	2M	5.7M

Government debt & reserves

Stat	Lebanon	Norway
Central government debt, % of GDP	150.9%	36.8%
External debt stocks, % of GNI	145.1%	N/A
External debt stocks	$79.3B	N/A
Short-term debt, % of total reserves	10.6%	N/A
Total debt service, % of exports and primary income	72.1%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-16.9%	16.9%
Gross savings, % of GDP	5.5%	35.9%
Gross capital formation, % of GDP	19.5%	27.3%
Total reserves including gold	$52.4B	$63.1B
Foreign direct investment net inflows	$2.6B	-$17.4B

Exports, imports and economic structure

Stat	Lebanon	Norway
Exports of goods and services, % of GDP	23.3%	38.4%
Imports of goods and services, % of GDP	39.6%	32.6%
Current account balance (balance of payments)	-$12.4B	$31.4B
Revenue excluding grants, % of GDP	19.8%	47.4%
Grants excluding technical cooperation, BoP	$1.2B	N/A
Personal remittances received	$6.9B	$644.3M
Industry including construction value added, % of GDP	14.1%	32%
Agriculture, forestry and fishing value added, % of GDP	2.9%	1.9%
Charges for the use of intellectual property, payments BoP	$15.7M	$768.9M
Charges for the use of intellectual property, receipts BoP	$17.7M	$515.2M
Expense, % of GDP	25.8%	37.7%
Government Expenditure, % of GDP	30.3%	49.8%