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Economy of Lebanon vs Pakistan compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $372B for Pakistan, ranking 128/197 and 43/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Lebanon vs Pakistan GDP by year

Lebanon
Pakistan
1x
Year GDP, current $
Lebanon Pakistan
2024 - $371,570,000,121
2023 $20,078,620,357 $336,686,348,609
2022 $20,992,421,949 $374,890,295,667
2021 $23,131,941,557 $348,516,647,445
2020 $31,712,128,254 $300,425,609,818
2019 $51,605,959,131 $320,909,472,771
2018 $54,901,519,156 $356,128,166,705
2017 $53,027,680,686 $339,205,534,861
2016 $51,147,308,774 $313,630,000,130
2015 $49,929,337,837 $299,963,590,535
2014 $48,095,213,747 $271,390,474,858
2013 $46,880,103,081 $258,657,231,672
2012 $44,016,799,516 $250,106,966,105
2011 $39,927,125,962 $230,586,581,060
2010 $38,443,907,042 $196,709,621,850
2009 $35,399,582,929 $187,337,783,856
2008 $29,118,916,105 $202,203,748,584
2007 $24,827,355,015 $184,140,869,997
2006 $22,022,709,851 $161,871,385,506
2005 $21,497,336,499 $145,208,562,961
2004 $21,159,827,992 $132,216,048,339
2003 $20,082,918,740 $112,371,913,741
2002 $19,152,238,806 $97,923,302,809
2001 $17,649,751,244 $97,145,618,480
2000 $17,260,364,842 $99,484,802,345
1999 $17,391,056,369 $62,973,857,069
1998 $17,247,179,006 $62,191,955,814
1997 $15,751,867,489 $62,433,340,468
1996 $13,690,217,334 $63,320,170,084
1995 $11,718,795,529 $60,636,071,684
1994 $9,599,127,050 $52,293,470,813
1993 $7,941,744,492 $51,809,999,353
1992 $5,843,579,161 $48,884,671,947
1991 $4,690,415,093 $45,625,336,680
1990 $2,838,485,354 $40,010,423,970
1989 $2,717,998,688 $40,171,106,279
1988 $3,313,540,068 $38,472,742,808
1987 - $33,351,529,275
1986 - $31,899,070,056
1985 - $31,144,920,844
1984 - $31,151,825,467
1983 - $28,691,889,764
1982 - $30,725,971,564
1981 - $28,100,606,061
1980 - $23,654,444,444
1979 - $19,688,383,838
1978 - $17,811,515,152
1977 - $15,126,060,606
1976 - $13,168,080,808
1975 - $11,230,606,061
1974 - $8,899,191,919
1973 - $6,383,429,490
1972 - $9,415,016,360
1971 - $10,665,896,682
1970 - $10,027,509,450
1969 - $8,683,116,338
1968 - $8,041,999,160
1967 - $7,464,510,710
1966 - $6,561,108,778
1965 - $5,929,231,415
1964 - $5,204,955,901
1963 - $4,630,827,383
1962 - $4,310,163,797
1961 - $4,118,647,627
1960 - $3,749,265,015

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

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

GDP per capita in Lebanon vs Pakistan by year

Lebanon
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,479 $6,252
2023 $3,478 $12,575 $1,360 $6,014
2022 $3,654 $12,293 $1,538 $5,920
2021 $4,045 $11,600 $1,455 $5,367
2020 $5,561 $16,260 $1,278 $5,048
2019 $8,906 $21,710 $1,390 $5,038
2018 $9,175 $21,985 $1,569 $4,979
2017 $8,608 $20,964 $1,519 $4,790
2016 $8,089 $18,941 $1,425 $4,631
2015 $7,714 $17,046 $1,380 $4,480
2014 $7,578 $16,140 $1,267 $4,313
2013 $8,162 $16,316 $1,225 $4,174
2012 $8,407 $16,121 $1,204 $4,047
2011 $7,835 $14,975 $1,132 $3,880
2010 $7,626 $14,704 $987 $3,786
2009 $7,091 $13,586 $964 $3,777
2008 $5,912 $12,416 $1,067 $3,721
2007 $5,125 $11,356 $998 $3,672
2006 $4,635 $10,312 $901 $3,515
2005 $4,602 $10,020 $828 $3,293
2004 $4,601 $9,609 $772 $3,048
2003 $4,438 $8,914 $672 $2,822
2002 $4,291 $8,586 $600 $2,688
2001 $4,010 $8,289 $610 $2,644
2000 $3,987 $7,938 $642 $2,565
1999 $4,087 $7,793 $418 $2,475
1998 $4,125 $7,861 $424 $2,419
1997 $3,834 $7,632 $438 $2,398
1996 $3,393 $7,560 $457 $2,401
1995 $2,959 $6,796 $451 $2,315
1994 $2,468 $6,367 $400 $2,224
1993 $2,079 $5,871 $408 $2,160
1992 $1,559 $5,279 $396 $2,132
1991 $1,278 $4,527 $380 $1,992
1990 $790 $2,990 $344 $1,895
1989 $771 - $358 -
1988 $959 - $354 -
1987 - - $317 -
1986 - - $314 -
1985 - - $317 -
1984 - - $327 -
1983 - - $311 -
1982 - - $345 -
1981 - - $328 -
1980 - - $287.4 -
1979 - - $249.2 -
1978 - - $233.4 -
1977 - - $204.7 -
1976 - - $183.9 -
1975 - - $161.7 -
1974 - - $132 -
1973 - - $97.5 -
1972 - - $148.1 -
1971 - - $172.5 -
1970 - - $166.7 -
1969 - - $148.5 -
1968 - - $141.6 -
1967 - - $135.2 -
1966 - - $122.2 -
1965 - - $113.6 -
1964 - - $102.5 -
1963 - - $93.7 -
1962 - - $89.5 -
1961 - - $87.8 -
1960 - - $82 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Pakistan ranks 150th at $6,252.

Economic indicators

Lebanon Pakistan
Gross domestic product
$20.1B
2023
$372B
2024
GDP rank
128/197
2023
43/197
2024
GDP growth
-0.76%
2022-2023
3.05%
2023-2024
GDP per capita
$3,478
2023
$1,479
2024
GDP per capita rank
135/197
2023
163/197
2024
GDP per capita, PPP
$12,575
2023
$6,252
2024
GDP per capita PPP rank
123/197
2023
150/197
2024
Government debt
$38.7B
2023
$262B
2024
Debt-to-GDP ratio
163.8%
2024
70.4%
2024
Government debt per person
$6,704
2023
$1,041
2024
Government debt per person rank
70/185
2023
140/185
2024
Average annual personal income after taxes
$3,560
2026
$1,668
2026
Market capitalization of domestic companies
$10.6B
2021
$52.1B
2024
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
25.5%
2018
Income share by poorest 10%
2.8%
2022
4.2%
2018
Government expenditure, % of GDP
16.5%
2024
19.5%
2024
Consumer prices inflation
45.2%
2023-2024
12.6%
2023-2024
Central bank interest rate
20%
2023
10.5%
2025
Unemployment rate
11.3%
2019
6.96%
2025
Population
5906622
260356147

Spending and national debt comparison by year

Lebanon
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Lebanon Pakistan
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 19.5% 70.4%
2023 14.9% 192.8% 19.3% 78.5%
2022 13.4% 244.6% 20% 77.3%
2021 10.9% 358% 18.5% 74.7%
2020 23.2% 148.7% 20.3% 80.8%
2019 31.3% 172.1% 19.1% 78.7%
2018 32.3% 155.1% 19.1% 66.3%
2017 30.6% 150% 19.1% 62.1%
2016 28.3% 146.4% 17.7% 62.1%
2015 26.7% 140.8% 17.8% 59.1%
2014 28.8% 138.4% 18.1% 58.8%
2013 28.9% 135.4% 19.5% 59.2%
2012 30.2% 131.1% 19.4% 58.4%
2011 28.8% 134.4% 17.9% 56.2%
2010 29.2% 136.8% 18.3% 56.7%
2009 32.1% 144.5% 17.3% 54.6%
2008 34.3% 161.5% 18% 49.5%
2007 35.2% 169.3% 16.1% 44.2%
2006 36.1% 183.3% 14.5% 46.2%
2005 31.4% 178.9% 13% 47.9%
2004 33.3% 169.5% 12.1% 50.6%
2003 36.4% 171.3% 12.9% 56.3%
2002 36.8% 163.1% 14.4% 60.5%
2001 38.9% 163.1% 12.9% 65.1%
2000 42.8% 148.1% 13.8% 61.7%
1999 35.6% 130.2% 13.2% 60.7%
1998 34.7% 108.2% 14.1% 53.8%
1997 40.5% 100.2% 13.7% 52.8%
1996 43.6% 101.2% 15% 52.5%
1995 31.1% 79.6% 14% 52.3%
1994 47.3% 71.5% 14.5% 58.5%
1993 23% 50.5% 17% 57.9%
1992 36.1% 51.7% 22.6% 53.3%
1991 35.6% 67.1% 21.4% 55.8%
1990 40% 99.7% 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

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/lebanon/pakistan | CC BY

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 70.4% in Pakistan, ranking 6/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Pakistan
1x
Year Deficit/surplus, % of GDP
Lebanon Pakistan
2024 -0.19% -6.81%
2023 -1.7% -7.76%
2022 -7.77% -7.84%
2021 -2.67% -6.04%
2020 -7.37% -7.03%
2019 -10.5% -7.79%
2018 -11.3% -5.67%
2017 -8.65% -5.17%
2016 -8.88% -3.92%
2015 -7.48% -4.74%
2014 -6.22% -4.37%
2013 -8.82% -7.48%
2012 -8.43% -7.74%
2011 -5.94% -6.23%
2010 -7.47% -5.42%
2009 -8.1% -4.53%
2008 -9.86% -5.94%
2007 -10.9% -4.23%
2006 -10.6% -2.79%
2005 -8.57% -2.29%
2004 -9.83% -1.29%
2003 -14% -0.12%
2002 -16.2% -2.64%
2001 -21% -2.45%
2000 -23.9% -3.21%
1999 -16.7% -3.07%
1998 -17.3% -4.46%
1997 -24.5% -3.87%
1996 -25.7% -4.33%
1995 -13.6% -3.9%
1994 -29.1% -3.63%
1993 -7.19% -5.53%
1992 -24% -11.3%
1991 -19.5% -10.8%
1990 -30.2% -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/pakistan | 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 Pakistan's deficit of $26.1B, or 7.76% of GDP.

Over the past 34 years, Lebanon recorded a fiscal deficit in 34 of those years, while Pakistan ran a deficit in 34 years. On average, Lebanon posted an annual deficit equal to 13.1% of GDP, compared to deficit of 5.28% of GDP for Pakistan.

Inflation comparison by year

Inflation
Lebanon

Pakistan
1x
Year Consumer prices inflation
Lebanon Pakistan
2024 45.2% 12.6%
2023 221.3% 30.8%
2022 171.2% 19.9%
2021 154.8% 9.5%
2020 84.9% 9.74%
2019 2.9% 10.6%
2018 6.1% 5.08%
2017 4.5% 4.09%
2016 -0.8% 3.77%
2015 -3.8% 2.53%
2014 1.1% 7.19%
2013 5.6% 7.69%
2012 6.6% 9.68%
2011 5% 11.9%
2010 4% 12.9%
2009 1.2% 13.6%
2008 10.7% 20.3%
2007 4.1% 7.6%
2006 4.1% 7.92%
2005 -1.4% 9.06%
2004 1.7% 7.44%
2003 1.3% 2.91%
2002 1.8% 3.29%
2001 -0.4% 3.15%
2000 -0.4% 4.37%
1999 0.2% 4.14%
1998 4.5% 6.23%
1997 7.7% 11.4%

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/pakistan | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 9.26% in Pakistan. In 2024, inflation was 45.2% in Lebanon and 12.6% in Pakistan.

Top exports between countries

Lebanon
Export category Export value
Processed food, beverages & tobacco $318K
Chemicals & pharma $161K
Metals $154K
Wood & paper products $97K
Machinery & equipment $69K
Weapons & explosives $50K
Textiles & consumer goods $44K
Miscellaneous $18K
Animal & marine products $15K
Raw materials & minerals $4K
Pakistan
Export category Export value
Raw agricultural goods $5.12M
Textiles & consumer goods $4.1M
Chemicals & pharma $3.2M
Processed food, beverages & tobacco $2.02M
Machinery & equipment $512K
Animal & marine products $450K
Miscellaneous $438K
Raw materials & minerals $270K
Metals $193K
Weapons & explosives $65K

Balance of trade

Lebanon Pakistan
Current account balance
-$5.64B
2023
$496M
2024
Current account balance ranking
168/190
2023
63/190
2024
Current account balance, % of GDP
-28.1%
2023
+0.13%
2024
Goods imports
$16.7B
2023
$55.6B
2024
Goods exports
$3.85B
2023
$32.1B
2024
Service imports
$6.63B
2023
$11.2B
2024
Service exports
$7.92B
2023
$8.1B
2024
Imports of goods and services, % of GDP
73.7%
2023
17.2%
2024
Exports of goods and services, % of GDP
30.6%
2023
10.4%
2024

Economic freedom indices

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

Lebanon Pakistan
Economic freedom 43.1 48.9
Economic freedom ranking 183/197 168/197
Property rights 21.8 25.7
Government integrity 23.4 26.3
Judicial effectiveness 23.8 27.6
Tax burden 90.3 78.2
Government spending 93.3 88.5
Fiscal health 63.4 10.1
Business freedom 47.6 54.4
Labor freedom 48.4 51.7
Monetary freedom 0 54.1
Trade freedom 65.6 70.4
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

Lebanon
Pakistan
1x
Year Economic freedom index
Lebanon Pakistan
2026 43.1 48.9
2025 44.1 49.1
2024 48.3 49.5
2023 45.6 49.4
2022 47.3 48.8
2021 51.4 51.7
2020 51.7 54.8
2019 51.1 55
2018 53.2 54.4
2017 53.3 52.8
2016 59.5 55.9
2015 59.3 55.6
2014 59.4 55.2
2013 59.5 55.1
2012 60.1 54.7
2011 60.1 55.1
2010 59.5 55.2
2009 58.1 57
2008 60 55.6
2007 60.4 57.2
2006 57.5 57.9
2005 57.2 53.3
2004 56.9 54.9
2003 56.7 55
2002 57.1 55.8
2001 61 56
2000 56.1 56.4
1999 59.1 53
1998 59 53.2
1997 63.9 56
1996 63.2 58.4
1995 - 57.6

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Pakistan
Services, % of GDP
42.4%
2023
50.7%
2024
Industry, % of GDP
2.09%
2023
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
23.7%
2024
GNI, Atlas method
$21.4B
2023
$358B
2024
GNI per capita, PPP
$12,420
2023
$6,100
2024
Total reserves including gold
$33.3B
2024
$18.4B
2024
Total reserves ranking
54/177
2024
63/177
2024
Net foreign direct investment
-$583M
2023
-$2.58B
2024
Net inflows of foreign direct investment
$1.84B
2024
$2.66B
2024
Net outflows of foreign direct investment
$391M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
22%
2023
4.5%
2024
Poverty at national poverty lines
27.4%
2012
21.9%
2018
Gross capital formation, % of GDP
1.9%
2023
13.2%
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/pakistan | 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 (1950–1999, 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 (2021–2024, retrieved 2026-02-08)
  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.