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Economy of Lebanon vs Paraguay compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $44.5B for Paraguay, ranking 128/197 and 98/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $19.9B (44.8% of GDP) in Paraguay.

Lebanon vs Paraguay GDP by year

Lebanon
Paraguay
1x
Year GDP, current $
Lebanon Paraguay
2024 - $44,458,118,397
2023 $20,078,620,357 $43,118,053,175
2022 $20,992,421,949 $41,952,910,858
2021 $23,131,941,557 $39,950,899,939
2020 $31,712,128,254 $35,432,178,068
2019 $51,605,959,131 $37,925,338,329
2018 $54,901,519,156 $40,225,448,341
2017 $53,027,680,686 $38,997,129,474
2016 $51,147,308,774 $36,089,700,223
2015 $49,929,337,837 $36,211,447,840
2014 $48,095,213,747 $40,377,929,296
2013 $46,880,103,081 $38,501,122,141
2012 $44,016,799,516 $33,271,921,136
2011 $39,927,125,962 $33,756,238,766
2010 $38,443,907,042 $27,260,886,405
2009 $35,399,582,929 $22,355,151,162
2008 $29,118,916,105 $24,615,267,664
2007 $24,827,355,015 $17,856,393,235
2006 $22,022,709,851 $13,429,430,050
2005 $21,497,336,499 $10,737,500,188
2004 $21,159,827,992 $9,624,440,836
2003 $20,082,918,740 $7,691,367,471
2002 $19,152,238,806 $7,196,260,657
2001 $17,649,751,244 $8,495,806,432
2000 $17,260,364,842 $8,855,705,140
1999 $17,391,056,369 $8,837,070,236
1998 $17,247,179,006 $9,260,481,572
1997 $15,751,867,489 $9,965,225,678
1996 $13,690,217,334 $9,788,391,781
1995 $11,718,795,529 $9,062,131,475
1994 $9,599,127,050 $7,870,982,005
1993 $7,941,744,492 $7,249,533,620
1992 $5,843,579,161 $7,157,424,031
1991 $4,690,415,093 $6,984,367,763
1990 $2,838,485,354 $5,812,114,523
1989 $2,717,998,688 $4,757,732,200
1988 $3,313,540,068 $4,255,683,528
1987 - $3,971,044,724
1986 - $3,723,993,943
1985 - $3,282,449,236
1984 - $4,502,462,807
1983 - $5,673,248,726
1982 - $5,419,411,765
1981 - $5,624,515,873
1980 - $4,448,087,302
1979 - $3,416,777,778
1978 - $2,559,857,143
1977 - $2,092,158,730
1976 - $1,698,960,317
1975 - $1,511,420,635
1974 - $1,333,475,397
1973 - $995,531,746
1972 - $769,039,683
1971 - $664,571,429
1970 - $594,611,111
1969 - $556,293,651
1968 - $517,650,794
1967 - $492,674,603
1966 - $465,888,889
1965 - $443,587,302
1964 - $408,349,206
1963 - $383,904,762
1962 - $360,698,413
1961 - $322,053,713
1960 - $288,884,368

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

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

GDP per capita in Lebanon vs Paraguay by year

Lebanon
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $6,416 $18,524
2023 $3,478 $12,575 $6,300 $17,564
2022 $3,654 $12,293 $6,206 $16,347
2021 $4,045 $11,600 $5,977 $15,406
2020 $5,561 $16,260 $5,365 $14,309
2019 $8,906 $21,710 $5,821 $14,150
2018 $9,175 $21,985 $6,258 $14,139
2017 $8,608 $20,964 $6,152 $13,977
2016 $8,089 $18,941 $5,775 $13,329
2015 $7,714 $17,046 $5,879 $12,679
2014 $7,578 $16,140 $6,652 $12,607
2013 $8,162 $16,316 $6,436 $12,137
2012 $8,407 $16,121 $5,642 $10,954
2011 $7,835 $14,975 $5,805 $11,442
2010 $7,626 $14,704 $4,751 $10,893
2009 $7,091 $13,586 $3,942 $9,802
2008 $5,912 $12,416 $4,385 $9,867
2007 $5,125 $11,356 $3,212 $9,179
2006 $4,635 $10,312 $2,439 $8,561
2005 $4,602 $10,020 $1,971 $8,007
2004 $4,601 $9,609 $1,786 $7,686
2003 $4,438 $8,914 $1,444 $7,276
2002 $4,291 $8,586 $1,368 $6,924
2001 $4,010 $8,289 $1,638 $6,916
2000 $3,987 $7,938 $1,736 $6,937
1999 $4,087 $7,793 $1,766 $7,080
1998 $4,125 $7,861 $1,890 $7,227
1997 $3,834 $7,632 $2,079 $7,299
1996 $3,393 $7,560 $2,088 $7,040
1995 $2,959 $6,796 $1,979 $6,966
1994 $2,468 $6,367 $1,760 $6,542
1993 $2,079 $5,871 $1,662 $6,234
1992 $1,559 $5,279 $1,683 $5,952
1991 $1,278 $4,527 $1,685 $5,873
1990 $790 $2,990 $1,440 $5,637
1989 $771 - $1,211 -
1988 $959 - $1,114 -
1987 - - $1,069 -
1986 - - $1,031 -
1985 - - $935 -
1984 - - $1,319 -
1983 - - $1,710 -
1982 - - $1,680 -
1981 - - $1,793 -
1980 - - $1,457 -
1979 - - $1,149 -
1978 - - $883 -
1977 - - $740 -
1976 - - $616 -
1975 - - $562 -
1974 - - $508 -
1973 - - $389 -
1972 - - $308 -
1971 - - $272.1 -
1970 - - $249 -
1969 - - $238.2 -
1968 - - $226.8 -
1967 - - $220.9 -
1966 - - $213.9 -
1965 - - $208.7 -
1964 - - $197 -
1963 - - $189.9 -
1962 - - $182.8 -
1961 - - $167.1 -
1960 - - $153.4 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $6,416 in Paraguay, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Paraguay ranks 102nd at $18,524.

Economic indicators

Lebanon Paraguay
Gross domestic product
$20.1B
2023
$44.5B
2024
GDP rank
128/197
2023
98/197
2024
GDP growth
-0.76%
2022-2023
4.25%
2023-2024
GDP per capita
$3,478
2023
$6,416
2024
GDP per capita rank
135/197
2023
109/197
2024
GDP per capita, PPP
$12,575
2023
$18,524
2024
GDP per capita PPP rank
123/197
2023
102/197
2024
Government debt
$38.7B
2023
$19.9B
2024
Debt-to-GDP ratio
163.8%
2024
44.8%
2024
Government debt per person
$6,704
2023
$2,872
2024
Government debt per person rank
70/185
2023
103/185
2024
Average annual personal income after taxes
$3,560
2026
$6,136
2026
Market capitalization of domestic companies
$10.6B
2021
$313M
1999
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
35%
2024
Income share by poorest 10%
2.8%
2022
2%
2024
Government expenditure, % of GDP
16.5%
2024
21%
2024
Consumer prices inflation
45.2%
2023-2024
3.84%
2023-2024
Central bank interest rate
20%
2023
6%
2024
Unemployment rate
11.3%
2019
5.69%
2024
Population
5906622
7120169

Spending and national debt comparison by year

Lebanon
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Lebanon Paraguay
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 21% 44.8%
2023 14.9% 192.8% 21.5% 41.1%
2022 13.4% 244.6% 20.2% 40.5%
2021 10.9% 358% 20.4% 37.5%
2020 23.2% 148.7% 22.6% 36.9%
2019 31.3% 172.1% 20.1% 25.8%
2018 32.3% 155.1% 18.5% 22.3%
2017 30.6% 150% 18.1% 19.8%
2016 28.3% 146.4% 17.7% 19.4%
2015 26.7% 140.8% 18% 18.6%
2014 28.8% 138.4% 17.1% 15.6%
2013 28.9% 135.4% 17.1% 13.5%
2012 30.2% 131.1% 17.6% 12.3%
2011 28.8% 134.4% 14.7% 11.1%
2010 29.2% 136.8% 13.3% 13%
2009 32.1% 144.5% 14.3% 14.9%
2008 34.3% 161.5% 11.8% 16%
2007 35.2% 169.3% 13.1% 16.8%
2006 36.1% 183.3% 14.1% 21%
2005 31.4% 178.9% 14% 28.3%
2004 33.3% 169.5% 14% 36%
2003 36.4% 171.3% 14.6% 37.5%
2002 36.8% 163.1% 17.6% 50.5%
2001 38.9% 163.1% 19% 37.1%
2000 42.8% 148.1% 19.6% 33.6%
1999 35.6% 130.2% 19.2% 32%
1998 34.7% 108.2% 18% 22.1%
1997 40.5% 100.2% 18.1% 18%
1996 43.6% 101.2% 16.9% 16.8%
1995 31.1% 79.6% 15.7% 17.6%
1994 47.3% 71.5% 14.5% 18.7%
1993 23% 50.5% 12.9% 26.6%
1992 36.1% 51.7% 13% 34.4%
1991 35.6% 67.1% 11.4% 49.4%
1990 40% 99.7% 10.5% 67%
1989 - - 11.8% 52.9%
1988 - - 9.75% 58.9%
1987 - - 10.1% 68.7%
1986 - - 9.25% 57.1%
1985 - - 11.4% 54.7%
1984 - - 13% 31%
1983 - - 13% 22.6%
1982 - - 13.2% 21.3%
1981 - - 13.3% 17.4%
1980 - - 11.6% 17.4%
1979 - - 11.7% 19.7%
1978 - - 11.9% 20.9%
1977 - - 11.2% 18.8%
1976 - - 9.8% 14.1%
1975 - - 10.5% 12.6%
1974 - - 9.44% 12.5%
1973 - - 11.2% 15.4%
1972 - - 12.5% 18.2%
1971 - - 12.3% 18.9%
1970 - - 13.3% 19.2%
1969 - - 14% -
1968 - - 13.5% -
1967 - - 12.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1999, retrieved 2026-02-20).

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Paraguay spent $9.33B, or 21% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 44.8% in Paraguay, ranking 6/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Paraguay
1x
Year Deficit/surplus, % of GDP
Lebanon Paraguay
2024 -0.19% -2.12%
2023 -1.7% -3.81%
2022 -7.77% -2.64%
2021 -2.67% -3.39%
2020 -7.37% -5.72%
2019 -10.5% -2.44%
2018 -11.3% -1.01%
2017 -8.65% -0.44%
2016 -8.88% -0.37%
2015 -7.48% -0.44%
2014 -6.22% -0.27%
2013 -8.82% -1.16%
2012 -8.43% -0.58%
2011 -5.94% 1.29%
2010 -7.47% 1.54%
2009 -8.1% 0.59%
2008 -9.86% 2.29%
2007 -10.9% 1.27%
2006 -10.6% 0.91%
2005 -8.57% 0.74%
2004 -9.83% 1.33%
2003 -14% -0.07%
2002 -16.2% -1.89%
2001 -21% 0.07%
2000 -23.9% -0.55%
1999 -16.7% 2.67%
1998 -17.3% 4.28%
1997 -24.5% 3%
1996 -25.7% 2.43%
1995 -13.6% 2.78%
1994 -29.1% 4.59%
1993 -7.19% 4.27%
1992 -24% 3.1%
1991 -19.5% 3.41%
1990 -30.2% 7.56%
1989 - 5.48%
1988 - 3.01%
1987 - 2.68%
1986 - 3.08%
1985 - 0.85%
1984 - -0.42%
1983 - 0.27%
1982 - 1.52%
1981 - 0.15%
1980 - 3.4%
1979 - 4.13%
1978 - -3.42%
1977 - -0.19%
1976 - -0.06%
1975 - -1.24%
1974 - 1.67%
1973 - -0.91%
1972 - -2.51%
1971 - -1.25%
1970 - -1.26%
1969 - -1.62%
1968 - -2.34%
1967 - -1.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/paraguay | 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 Paraguay's deficit of $1.64B, or 3.81% of GDP.

Over the past 34 years, Lebanon recorded a fiscal deficit in 34 of those years, while Paraguay ran a deficit in 15 years. On average, Lebanon posted an annual deficit equal to 13.1% of GDP, compared to surplus of 0.69% of GDP for Paraguay.

Inflation comparison by year

Inflation
Lebanon

Paraguay
1x
Year Consumer prices inflation
Lebanon Paraguay
2024 45.2% 3.84%
2023 221.3% 4.63%
2022 171.2% 9.77%
2021 154.8% 4.79%
2020 84.9% 1.77%
2019 2.9% 2.76%
2018 6.1% 3.98%
2017 4.5% 3.6%
2016 -0.8% 4.09%
2015 -3.8% 3.13%
2014 1.1% 5.03%
2013 5.6% 2.68%
2012 6.6% 3.68%
2011 5% 8.25%
2010 4% 4.65%
2009 1.2% 2.59%
2008 10.7% 10.2%
2007 4.1% 8.13%
2006 4.1% 9.59%
2005 -1.4% 6.81%
2004 1.7% 4.32%
2003 1.3% 14.2%
2002 1.8% 10.5%
2001 -0.4% 7.27%
2000 -0.4% 8.98%
1999 0.2% 6.75%
1998 4.5% 11.6%
1997 7.7% 6.95%

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/paraguay | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 6.23% in Paraguay. In 2024, inflation was 45.2% in Lebanon and 3.84% in Paraguay.

Top exports between countries

Lebanon
Export category Export value
Processed food, beverages & tobacco $209K
Textiles & consumer goods $96K
Machinery & equipment $40K
Raw agricultural goods $23K
Chemicals & pharma $5K
Metals $4K
Miscellaneous $4K
Wood & paper products $2K
Paraguay
Export category Export value
Animal & marine products $5.28M
Textiles & consumer goods $325K
Raw agricultural goods $175K
Wood & paper products $151K
Machinery & equipment $70K
Processed food, beverages & tobacco $41K
Chemicals & pharma $16K
Raw materials & minerals $4K
Metals $2K
Miscellaneous $1K

Balance of trade

Lebanon Paraguay
Current account balance
-$5.64B
2023
-$1.53B
2024
Current account balance ranking
168/190
2023
133/190
2024
Current account balance, % of GDP
-28.1%
2023
-3.44%
2024
Goods imports
$16.7B
2023
$15.8B
2024
Goods exports
$3.85B
2023
$14.9B
2024
Service imports
$6.63B
2023
$2.54B
2024
Service exports
$7.92B
2023
$2.65B
2024
Imports of goods and services, % of GDP
73.7%
2023
39.6%
2024
Exports of goods and services, % of GDP
30.6%
2023
37.2%
2024

Economic freedom indices

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

Lebanon Paraguay
Economic freedom 43.1 66.4
Economic freedom ranking 183/197 61/197
Property rights 21.8 44.2
Government integrity 23.4 27.3
Judicial effectiveness 23.8 38.4
Tax burden 90.3 95.9
Government spending 93.3 86.9
Fiscal health 63.4 83
Business freedom 47.6 72
Labor freedom 48.4 44.1
Monetary freedom 0 76.5
Trade freedom 65.6 78.4
Investment freedom 20 80
Financial freedom 20 70

Economic freedom comparison by year

Lebanon
Paraguay
1x
Year Economic freedom index
Lebanon Paraguay
2026 43.1 66.4
2025 44.1 65.2
2024 48.3 60.1
2023 45.6 61
2022 47.3 62.9
2021 51.4 62.6
2020 51.7 63
2019 51.1 61.8
2018 53.2 62.1
2017 53.3 62.4
2016 59.5 61.5
2015 59.3 61.1
2014 59.4 62
2013 59.5 61.1
2012 60.1 61.8
2011 60.1 62.3
2010 59.5 61.3
2009 58.1 61
2008 60 60
2007 60.4 58.3
2006 57.5 55.6
2005 57.2 53.4
2004 56.9 56.7
2003 56.7 58.2
2002 57.1 59.6
2001 61 60.3
2000 56.1 64
1999 59.1 63.7
1998 59 65.2
1997 63.9 67.3
1996 63.2 67.1
1995 - 65.9

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 66.4 for Paraguay, ranking 61/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Paraguay
Services, % of GDP
42.4%
2023
48.7%
2024
Industry, % of GDP
2.09%
2023
32.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
10.7%
2024
GNI, Atlas method
$21.4B
2023
$43.7B
2024
GNI per capita, PPP
$12,420
2023
$17,930
2024
Total reserves including gold
$33.3B
2024
$9.89B
2023
Total reserves ranking
54/177
2024
76/177
2023
Net foreign direct investment
-$583M
2023
-$335M
2024
Net inflows of foreign direct investment
$1.84B
2024
$1.1B
2024
Net outflows of foreign direct investment
$391M
2024
$166M
2024
Servicing debt to the IMF, % of GNI
22%
2023
4.58%
2024
Poverty at national poverty lines
27.4%
2012
20.1%
2024
Gross capital formation, % of GDP
1.9%
2023
22.8%
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/paraguay | 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 (1967–1999, 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 (2022–2024, 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.