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Economy of Lebanon vs Peru compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $289B for Peru, ranking 128/197 and 49/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $93B (32.2% of GDP) in Peru.

Lebanon vs Peru GDP by year

Lebanon
Peru
1x
Year GDP, current $
Lebanon Peru
2024 - $289,221,969,063
2023 $20,078,620,357 $266,958,720,838
2022 $20,992,421,949 $246,065,570,308
2021 $23,131,941,557 $226,328,766,460
2020 $31,712,128,254 $201,409,694,756
2019 $51,605,959,131 $228,346,006,004
2018 $54,901,519,156 $222,597,009,739
2017 $53,027,680,686 $211,007,984,081
2016 $51,147,308,774 $191,898,104,390
2015 $49,929,337,837 $189,802,976,286
2014 $48,095,213,747 $200,786,250,583
2013 $46,880,103,081 $201,175,543,571
2012 $44,016,799,516 $192,650,021,649
2011 $39,927,125,962 $171,761,737,047
2010 $38,443,907,042 $147,527,631,521
2009 $35,399,582,929 $120,822,986,521
2008 $29,118,916,105 $120,550,599,815
2007 $24,827,355,015 $102,170,981,144
2006 $22,022,709,851 $88,643,193,062
2005 $21,497,336,499 $76,060,606,061
2004 $21,159,827,992 $66,768,703,498
2003 $20,082,918,740 $58,731,030,122
2002 $19,152,238,806 $54,777,553,515
2001 $17,649,751,244 $52,030,158,775
2000 $17,260,364,842 $51,744,749,133
1999 $17,391,056,369 $50,187,324,568
1998 $17,247,179,006 $55,501,467,877
1997 $15,751,867,489 $58,147,522,523
1996 $13,690,217,334 $55,252,414,130
1995 $11,718,795,529 $53,312,793,687
1994 $9,599,127,050 $44,882,079,767
1993 $7,941,744,492 $34,832,077,221
1992 $5,843,579,161 $35,966,302,303
1991 $4,690,415,093 $34,341,465,998
1990 $2,838,485,354 $26,410,386,963
1989 $2,717,998,688 $22,499,558,526
1988 $3,313,540,068 $15,439,408,447
1987 - $36,889,706,593
1986 - $21,859,448,586
1985 - $15,078,736,875
1984 - $17,600,400,385
1983 - $17,345,260,564
1982 - $21,794,535,621
1981 - $21,648,214,893
1980 - $18,136,838,538
1979 - $15,954,012,439
1978 - $12,491,876,743
1977 - $14,544,913,961
1976 - $16,131,958,851
1975 - $16,931,162,355
1974 - $13,858,441,211
1973 - $10,994,381,895
1972 - $9,189,413,409
1971 - $8,289,582,884
1970 - $7,432,223,177
1969 - $6,420,909,790
1968 - $5,736,083,835
1967 - $6,194,340,080
1966 - $6,109,048,737
1965 - $5,163,008,077
1964 - $4,353,664,867
1963 - $3,598,272,493
1962 - $3,284,322,201
1961 - $2,897,852,693
1960 - $2,571,986,572

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

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

GDP per capita in Lebanon vs Peru by year

Lebanon
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $8,452 $17,802
2023 $3,478 $12,575 $7,888 $17,011
2022 $3,654 $12,293 $7,351 $16,669
2021 $4,045 $11,600 $6,826 $15,281
2020 $5,561 $16,260 $6,133 $12,563
2019 $8,906 $21,710 $7,037 $13,564
2018 $9,175 $21,985 $6,978 $13,078
2017 $8,608 $20,964 $6,736 $12,592
2016 $8,089 $18,941 $6,217 $12,067
2015 $7,714 $17,046 $6,232 $11,600
2014 $7,578 $16,140 $6,667 $11,518
2013 $8,162 $16,316 $6,747 $11,291
2012 $8,407 $16,121 $6,519 $10,757
2011 $7,835 $14,975 $5,861 $10,463
2010 $7,626 $14,704 $5,072 $9,713
2009 $7,091 $13,586 $4,181 $8,917
2008 $5,912 $12,416 $4,198 $8,820
2007 $5,125 $11,356 $3,581 $7,982
2006 $4,635 $10,312 $3,130 $7,214
2005 $4,602 $10,020 $2,707 $6,560
2004 $4,601 $9,609 $2,397 $6,038
2003 $4,438 $8,914 $2,129 $5,657
2002 $4,291 $8,586 $2,007 $5,383
2001 $4,010 $8,289 $1,930 $5,086
2000 $3,987 $7,938 $1,945 $5,012
1999 $4,087 $7,793 $1,917 $4,847
1998 $4,125 $7,861 $2,156 $4,791
1997 $3,834 $7,632 $2,301 $4,844
1996 $3,393 $7,560 $2,227 $4,556
1995 $2,959 $6,796 $2,190 $4,435
1994 $2,468 $6,367 $1,879 $4,123
1993 $2,079 $5,871 $1,488 $3,666
1992 $1,559 $5,279 $1,567 $3,472
1991 $1,278 $4,527 $1,527 $3,484
1990 $790 $2,990 $1,200 $3,367
1989 $771 - $1,045 -
1988 $959 - $733 -
1987 - - $1,792 -
1986 - - $1,087 -
1985 - - $767 -
1984 - - $918 -
1983 - - $927 -
1982 - - $1,194 -
1981 - - $1,216 -
1980 - - $1,045 -
1979 - - $942 -
1978 - - $756 -
1977 - - $903 -
1976 - - $1,026 -
1975 - - $1,104 -
1974 - - $927 -
1973 - - $754 -
1972 - - $647 -
1971 - - $599 -
1970 - - $550 -
1969 - - $488 -
1968 - - $448 -
1967 - - $498 -
1966 - - $505 -
1965 - - $439 -
1964 - - $381 -
1963 - - $324 -
1962 - - $305 -
1961 - - $276.6 -
1960 - - $252.8 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $8,452 in Peru, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Peru ranks 104th at $17,802.

Economic indicators

Lebanon Peru
Gross domestic product
$20.1B
2023
$289B
2024
GDP rank
128/197
2023
49/197
2024
GDP growth
-0.76%
2022-2023
3.3%
2023-2024
GDP per capita
$3,478
2023
$8,452
2024
GDP per capita rank
135/197
2023
91/197
2024
GDP per capita, PPP
$12,575
2023
$17,802
2024
GDP per capita PPP rank
123/197
2023
104/197
2024
Government debt
$38.7B
2023
$93B
2024
Debt-to-GDP ratio
163.8%
2024
32.2%
2024
Government debt per person
$6,704
2023
$2,717
2024
Government debt per person rank
70/185
2023
108/185
2024
Average annual personal income after taxes
$3,560
2026
$7,290
2026
Market capitalization of domestic companies
$10.6B
2021
$82.2B
2024
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
30.3%
2024
Income share by poorest 10%
2.8%
2022
2%
2024
Government expenditure, % of GDP
16.5%
2024
22.3%
2024
Consumer prices inflation
45.2%
2023-2024
2.01%
2023-2024
Central bank interest rate
20%
2023
4.25%
2025
Unemployment rate
11.3%
2019
4.86%
2024
Population
5906622
35031596

Spending and national debt comparison by year

Lebanon
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Lebanon Peru
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 22.3% 32.2%
2023 14.9% 192.8% 22.1% 32.4%
2022 13.4% 244.6% 23.1% 33.5%
2021 10.9% 358% 23.1% 35.5%
2020 23.2% 148.7% 25.6% 34.3%
2019 31.3% 172.1% 20.8% 26.5%
2018 32.3% 155.1% 21% 25.7%
2017 30.6% 150% 20.6% 24.8%
2016 28.3% 146.4% 20.5% 23.9%
2015 26.7% 140.8% 22% 23.7%
2014 28.8% 138.4% 22.4% 20.5%
2013 28.9% 135.4% 21.5% 19.9%
2012 30.2% 131.1% 20.3% 20.7%
2011 28.8% 134.4% 19.8% 23.1%
2010 29.2% 136.8% 21% 25.1%
2009 32.1% 144.5% 21.3% 28.2%
2008 34.3% 161.5% 19.9% 28.1%
2007 35.2% 169.3% 18.6% 31.9%
2006 36.1% 183.3% 19.2% 34.9%
2005 31.4% 178.9% 20.4% 40.4%
2004 33.3% 169.5% 19.6% 46.7%
2003 36.4% 171.3% 20.1% 49.4%
2002 36.8% 163.1% 19.6% 45.5%
2001 38.9% 163.1% 20.9% 43.8%
2000 42.8% 148.1% 21.7% 44.9%
1999 35.6% 130.2% 17.8% 41.1%
1998 34.7% 108.2% 16.3% 36.8%
1997 40.5% 100.2% 15.6% 34.5%
1996 43.6% 101.2% 16.5% 37.4%
1995 31.1% 79.6% 17.5% 36.8%
1994 47.3% 71.5% 16.9% 41.9%
1993 23% 50.5% 18.2% 49.9%
1992 36.1% 51.7% 19.1% 46.8%
1991 35.6% 67.1% 15.7% 48.3%
1990 40% 99.7% 20.4% 56.3%
1989 - - 12.1% 34.9%
1988 - - 12.8% 42.8%
1987 - - 15.5% 39.1%
1986 - - 16.6% 48.6%
1985 - - 17.2% 63.4%
1984 - - 18.3% 56.7%
1983 - - 19.4% 56.2%
1982 - - 17.6% 34.2%
1981 - - 18.4% 30.6%
1980 - - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

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/peru | CC BY

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 32.2% in Peru, ranking 6/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Peru
1x
Year Deficit/surplus, % of GDP
Lebanon Peru
2024 -0.19% -3.54%
2023 -1.7% -2.78%
2022 -7.77% -1.38%
2021 -2.67% -2.49%
2020 -7.37% -8.16%
2019 -10.5% -1.37%
2018 -11.3% -1.94%
2017 -8.65% -2.79%
2016 -8.88% -2.12%
2015 -7.48% -2.02%
2014 -6.22% -0.19%
2013 -8.82% 0.75%
2012 -8.43% 2.07%
2011 -5.94% 2.05%
2010 -7.47% -0.02%
2009 -8.1% -1.48%
2008 -9.86% 2.48%
2007 -10.9% 3.35%
2006 -10.6% 2.03%
2005 -8.57% -0.44%
2004 -9.83% -1.03%
2003 -14% -1.62%
2002 -16.2% -1.4%
2001 -21% -2.15%
2000 -23.9% -2.12%
1999 -16.7% -2.93%
1998 -17.3% -0.2%
1997 -24.5% 0.47%
1996 -25.7% -0.25%
1995 -13.6% -2.05%
1994 -29.1% -1.9%
1993 -7.19% -2.82%
1992 -24% -3.55%
1991 -19.5% -1.98%
1990 -30.2% -7.99%
1989 - -1.3%
1988 - -3.57%
1987 - -6.26%
1986 - -4.08%
1985 - -2.41%
1984 - -4.45%
1983 - -7.52%
1982 - -3.22%
1981 - -3.98%
1980 - -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/peru | 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 Peru's deficit of $7.42B, or 2.78% of GDP.

Over the past 34 years, Lebanon recorded a fiscal deficit in 34 of those years, while Peru ran a deficit in 27 years. On average, Lebanon posted an annual deficit equal to 13.1% of GDP, compared to deficit of 1.35% of GDP for Peru.

Inflation comparison by year

Inflation
Lebanon

Peru
1x
Year Consumer prices inflation
Lebanon Peru
2024 45.2% 2.01%
2023 221.3% 6.46%
2022 171.2% 8.33%
2021 154.8% 4.27%
2020 84.9% 2%
2019 2.9% 2.25%
2018 6.1% 1.51%
2017 4.5% 2.99%
2016 -0.8% 3.56%
2015 -3.8% 3.4%
2014 1.1% 3.41%
2013 5.6% 2.77%
2012 6.6% 3.61%
2011 5% 3.37%
2010 4% 1.53%
2009 1.2% 2.94%
2008 10.7% 5.79%
2007 4.1% 1.78%
2006 4.1% 2%
2005 -1.4% 1.62%
2004 1.7% 3.66%
2003 1.3% 2.26%
2002 1.8% 0.19%
2001 -0.4% 1.98%
2000 -0.4% 3.76%
1999 0.2% 3.47%
1998 4.5% 7.25%
1997 7.7% 8.56%

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/peru | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 3.45% in Peru. In 2024, inflation was 45.2% in Lebanon and 2.01% in Peru.

Top exports between countries

Lebanon
Export category Export value
Chemicals & pharma $87K
Machinery & equipment $45K
Miscellaneous $24K
Textiles & consumer goods $19K
Processed food, beverages & tobacco $9K
Peru
Export category Export value
Raw agricultural goods $2.12M
Processed food, beverages & tobacco $367K
Textiles & consumer goods $194K
Chemicals & pharma $139K
Miscellaneous $123K
Metals $95K
Wood & paper products $3K
Machinery & equipment $2K

Balance of trade

Lebanon Peru
Current account balance
-$5.64B
2023
$6.39B
2024
Current account balance ranking
168/190
2023
29/190
2024
Current account balance, % of GDP
-28.1%
2023
+2.21%
2024
Goods imports
$16.7B
2023
$52.1B
2024
Goods exports
$3.85B
2023
$76.2B
2024
Service imports
$6.63B
2023
$15.1B
2024
Service exports
$7.92B
2023
$7.15B
2024
Imports of goods and services, % of GDP
73.7%
2023
22.9%
2024
Exports of goods and services, % of GDP
30.6%
2023
28.5%
2024

Economic freedom indices

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

Lebanon Peru
Economic freedom 43.1 66.3
Economic freedom ranking 183/197 62/197
Property rights 21.8 44
Government integrity 23.4 35
Judicial effectiveness 23.8 47.8
Tax burden 90.3 79.4
Government spending 93.3 84.8
Fiscal health 63.4 87.4
Business freedom 47.6 73.1
Labor freedom 48.4 64.7
Monetary freedom 0 77.6
Trade freedom 65.6 81.6
Investment freedom 20 60
Financial freedom 20 60

Economic freedom comparison by year

Lebanon
Peru
1x
Year Economic freedom index
Lebanon Peru
2026 43.1 66.3
2025 44.1 65.9
2024 48.3 64.8
2023 45.6 66.5
2022 47.3 66.5
2021 51.4 67.7
2020 51.7 67.9
2019 51.1 67.8
2018 53.2 68.7
2017 53.3 68.9
2016 59.5 67.4
2015 59.3 67.7
2014 59.4 67.4
2013 59.5 68.2
2012 60.1 68.7
2011 60.1 68.6
2010 59.5 67.6
2009 58.1 64.6
2008 60 63.8
2007 60.4 62.7
2006 57.5 60.5
2005 57.2 61.3
2004 56.9 64.7
2003 56.7 64.6
2002 57.1 64.8
2001 61 69.6
2000 56.1 68.7
1999 59.1 69.2
1998 59 65
1997 63.9 63.8
1996 63.2 62.5
1995 - 56.9

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Peru
Services, % of GDP
42.4%
2023
51.3%
2024
Industry, % of GDP
2.09%
2023
34%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
7.34%
2024
GNI, Atlas method
$21.4B
2023
$257B
2024
GNI per capita, PPP
$12,420
2023
$16,780
2024
Total reserves including gold
$33.3B
2024
$79.2B
2024
Total reserves ranking
54/177
2024
33/177
2024
Net foreign direct investment
-$583M
2023
-$5.63B
2024
Net inflows of foreign direct investment
$1.84B
2024
$6.8B
2024
Net outflows of foreign direct investment
$391M
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI
22%
2023
5.58%
2024
Poverty at national poverty lines
27.4%
2012
27.6%
2024
Gross capital formation, % of GDP
1.9%
2023
19.4%
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/peru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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.