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Economy of Lebanon vs Portugal compared: GDP & Debt

Updated on by Georank

Lebanon has a GDP of $26B compared to $347B for Portugal, ranking 121/197 and 46/197 by economy size, respectively.

Lebanon has $41B in government debt (139.4% of GDP), compared to $312B (89.9% of GDP) in Portugal.

Lebanon vs Portugal GDP by year

Lebanon
Portugal
1x
Year GDP, current $
Lebanon Portugal
2025 - $346,639,825,142
2024 $25,971,643,441 $313,656,884,871
2023 $20,078,620,357 $292,323,800,949
2022 $20,992,421,949 $256,898,677,175
2021 $23,131,941,557 $256,055,879,091
2020 $31,712,128,254 $229,618,773,423
2019 $51,605,959,131 $240,115,970,063
2018 $54,901,519,156 $242,092,894,543
2017 $53,027,680,686 $220,862,990,767
2016 $51,147,308,774 $206,305,431,242
2015 $49,929,337,837 $199,038,523,120
2014 $48,095,213,747 $230,078,616,300
2013 $46,880,103,081 $226,677,408,292
2012 $44,016,799,516 $216,536,676,772
2011 $39,927,125,962 $245,426,767,676
2010 $38,443,907,042 $238,443,864,993
2009 $35,399,582,929 $244,667,762,836
2008 $29,118,916,105 $263,416,394,624
2007 $24,827,355,015 $240,496,147,317
2006 $22,022,709,851 $208,756,449,276
2005 $21,497,336,499 $197,253,876,705
2004 $21,159,827,992 $189,382,122,532
2003 $20,082,918,740 $165,226,175,537
2002 $19,152,238,806 $134,795,565,549
2001 $17,649,751,244 $121,604,107,165
2000 $17,260,364,842 $118,605,192,877
1999 $17,391,056,369 $127,470,385,557
1998 $17,247,179,006 $123,946,327,916
1997 $15,751,867,489 $117,016,535,163
1996 $13,690,217,334 $122,630,089,680
1995 $11,718,795,529 $118,122,007,430
1994 $9,599,127,050 $99,688,641,304
1993 $7,941,744,492 $95,009,751,901
1992 $5,843,579,161 $107,592,098,307
1991 $4,690,415,093 $89,233,599,278
1990 $2,838,485,354 $78,713,860,217
1989 $2,717,998,688 $60,594,092,182
1988 $3,313,540,068 $56,347,250,696
1987 - $48,182,925,857
1986 - $38,745,901,354
1985 - $27,115,807,742
1984 - $25,217,969,050
1983 - $27,239,650,742
1982 - $30,527,754,793
1981 - $31,977,276,873
1980 - $32,896,519,824
1979 - $26,622,819,672
1978 - $23,487,614,051
1977 - $21,439,523,311
1976 - $20,332,831,565
1975 - $19,347,607,843
1974 - $17,512,391,476
1973 - $15,090,564,186
1972 - $11,239,117,865
1971 - $9,201,604,240
1970 - $8,108,235,704
1969 - $7,287,555,035
1968 - $6,644,693,214
1967 - $6,002,607,030
1966 - $5,370,108,031
1965 - $4,901,711,248
1964 - $4,429,202,657
1963 - $4,084,251,593
1962 - $3,835,883,663
1961 - $3,573,719,085
1960 - $3,339,150,158

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Lebanon vs Portugal by year

Lebanon
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $32,082 -
2024 $4,473 - $29,328 $51,680
2023 $3,478 $12,575 $27,635 $49,353
2022 $3,654 $12,293 $24,621 $45,250
2021 $4,045 $11,600 $24,711 $38,658
2020 $5,561 $16,260 $22,299 $35,967
2019 $8,906 $21,710 $23,343 $37,866
2018 $9,175 $21,985 $23,541 $34,897
2017 $8,608 $20,964 $21,442 $32,971
2016 $8,089 $18,941 $19,980 $31,589
2015 $7,714 $17,046 $19,216 $29,608
2014 $7,578 $16,140 $22,121 $28,765
2013 $8,162 $16,316 $21,676 $27,966
2012 $8,407 $16,121 $20,593 $26,476
2011 $7,835 $14,975 $23,247 $26,803
2010 $7,626 $14,704 $22,552 $27,292
2009 $7,091 $13,586 $23,151 $26,472
2008 $5,912 $12,416 $24,949 $26,666
2007 $5,125 $11,356 $22,811 $25,738
2006 $4,635 $10,312 $19,839 $24,677
2005 $4,602 $10,020 $18,780 $22,725
2004 $4,601 $9,609 $18,064 $21,476
2003 $4,438 $8,914 $15,798 $20,850
2002 $4,291 $8,586 $12,937 $20,357
2001 $4,010 $8,289 $11,735 $19,529
2000 $3,987 $7,938 $11,526 $18,883
1999 $4,087 $7,793 $12,475 $17,718
1998 $4,125 $7,861 $12,199 $16,688
1997 $3,834 $7,632 $11,576 $15,789
1996 $3,393 $7,560 $12,185 $14,922
1995 $2,959 $6,796 $11,781 $14,406
1994 $2,468 $6,367 $9,977 $13,578
1993 $2,079 $5,871 $9,535 $13,202
1992 $1,559 $5,279 $10,811 $13,182
1991 $1,278 $4,527 $8,959 $12,739
1990 $790 $2,990 $7,885 $11,780
1989 $771 - $6,056 -
1988 $959 - $5,624 -
1987 - - $4,804 -
1986 - - $3,862 -
1985 - - $2,705 -
1984 - - $2,523 -
1983 - - $2,735 -
1982 - - $3,080 -
1981 - - $3,246 -
1980 - - $3,368 -
1979 - - $2,756 -
1978 - - $2,457 -
1977 - - $2,267 -
1976 - - $2,173 -
1975 - - $2,128 -
1974 - - $2,000 -
1973 - - $1,748 -
1972 - - $1,302 -
1971 - - $1,065 -
1970 - - $934 -
1969 - - $832 -
1968 - - $752 -
1967 - - $676 -
1966 - - $601 -
1965 - - $545 -
1964 - - $490 -
1963 - - $452 -
1962 - - $426 -
1961 - - $400 -
1960 - - $377 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Lebanon's GDP per capita is $4,473, ranking 129/197, compared to $32,082 in Portugal, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Portugal ranks 42nd at $51,680.

Economic indicators

Lebanon Portugal
Gross domestic product
$26B
2024
$347B
2025
GDP rank
121/197
2024
46/197
2025
GDP growth
-7.08%
2023-2024
1.86%
2024-2025
GDP per capita
$4,473
2024
$32,082
2025
GDP per capita rank
129/197
2024
43/197
2025
GDP per capita, PPP
$12,575
2023
$51,680
2024
GDP per capita PPP rank
123/197
2023
42/197
2024
Government debt
$41B
2024
$312B
2025
Debt-to-GDP ratio
139.4%
2025
89.9%
2025
Government debt per person
$7,061
2024
$28,843
2025
Government debt per person rank
71/185
2024
26/185
2025
Average annual personal income after taxes
$3,055
2026
$16,647
2026
Market capitalization of domestic companies
$10.6B
2021
$61.9B
2018
Number of millionaires n/a
181,000
2026
Number of billionaires
6
2026
1
2026
Income share by richest 10%
25.6%
2022
26.9%
2023
Income share by poorest 10%
2.8%
2022
2.7%
2023
Government expenditure, % of GDP
15.5%
2025
43.7%
2025
Consumer prices inflation
14.6%
2024-2025
2.34%
2024-2025
Central bank interest rate
20%
2023
n/a
Unemployment rate
11.3%
2019
6%
2025
Population
5921719
10788071

Spending and national debt comparison by year

Lebanon
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Lebanon Portugal
Government spending Government debt Government spending Government debt
2025 15.5% 139.4% 43.7% 89.9%
2024 15.3% 157.9% 42.5% 93.5%
2023 14.3% 185.8% 41.9% 96.9%
2022 12.9% 235.9% 43.9% 111.2%
2021 10.5% 346% 47.3% 123.9%
2020 24.5% 157.2% 49.1% 134.1%
2019 31.3% 171.9% 42.5% 116.1%
2018 32.1% 154% 43.3% 121.1%
2017 30.7% 150.4% 45.5% 126%
2016 28.6% 147.9% 44.9% 131.2%
2015 26.7% 140.9% 48.2% 131%
2014 28.9% 138.5% 51.7% 132.5%
2013 28.9% 135.4% 50% 130.8%
2012 30.2% 131.1% 48.8% 128.6%
2011 28.8% 134.4% 50% 114%
2010 29.2% 136.8% 51.9% 100.1%
2009 32.1% 144.5% 50.3% 87.8%
2008 34.3% 161.5% 45.5% 75.6%
2007 35.2% 169.3% 44.6% 72.7%
2006 36.1% 183.3% 45.2% 73.7%
2005 31.4% 178.9% 46.7% 72.2%
2004 33.3% 169.5% 46% 67.1%
2003 36.4% 171.3% 45.3% 63.9%
2002 36.8% 163.1% 44.2% 60%
2001 38.9% 163.1% 44.1% 57.4%
2000 42.8% 148.1% 42.8% 54.2%
1999 35.6% 130.2% 42.5% 55.4%
1998 34.7% 108.2% 42.6% 55.6%
1997 40.5% 100.2% 42.4% 58.7%
1996 43.6% 101.2% 43% 63.3%
1995 31.1% 79.6% 42.6% 62.2%
1994 47.3% 71.5% 42.8% 60.4%
1993 23% 50.5% 46.5% 57.2%
1992 36.1% 51.7% 48.2% 58.1%
1991 35.6% 67.1% 45.9% 63.9%
1990 40% 99.7% 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Lebanon's government spending was $3.98B, accounting for 15.5% of its GDP, while Portugal spent $152B, or 43.7% of GDP.

Debt-to-GDP ratio is 139.4% in Lebanon and 89.9% in Portugal, ranking 8/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Portugal
1x
Year Deficit/surplus, % of GDP
Lebanon Portugal
2025 3.25% 0.31%
2024 0.39% 0.5%
2023 -1.64% 1.26%
2022 -7.49% -0.31%
2021 -2.57% -2.83%
2020 -7.79% -5.75%
2019 -10.5% 0.12%
2018 -11.2% -0.43%
2017 -8.68% -3%
2016 -8.98% -1.94%
2015 -7.49% -4.37%
2014 -6.22% -7.32%
2013 -8.83% -5.21%
2012 -8.43% -6.2%
2011 -5.94% -7.73%
2010 -7.47% -11.4%
2009 -8.1% -9.87%
2008 -9.86% -3.81%
2007 -10.9% -2.91%
2006 -10.6% -4.06%
2005 -8.57% -6.05%
2004 -9.83% -5.91%
2003 -14% -5.57%
2002 -16.2% -3.7%
2001 -21% -4.68%
2000 -23.9% -3.32%
1999 -16.7% -2.93%
1998 -17.3% -4.3%
1997 -24.5% -3.65%
1996 -25.7% -4.63%
1995 -13.6% -5.14%
1994 -29.1% -7.37%
1993 -7.19% -8.06%
1992 -24% -5.19%
1991 -19.5% -7.93%
1990 -30.2% -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lebanon/portugal | 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 Portugal's surplus of $1.57B, or 0.5% of GDP.

Over the past 35 years, Lebanon recorded a fiscal deficit in 34 of those years, while Portugal ran a deficit in 32 years. On average, Lebanon posted an annual deficit equal to 12.7% of GDP, compared to deficit of 4.59% of GDP for Portugal.

Inflation comparison by year

Inflation
Lebanon

Portugal
1x
Year Consumer prices inflation
Lebanon Portugal
2025 14.6% 2.34%
2024 45.2% 2.42%
2023 221.3% 4.31%
2022 171.2% 7.83%
2021 154.8% 1.27%
2020 84.9% -0.01%
2019 2.9% 0.34%
2018 6.1% 0.99%
2017 4.4% 1.37%
2016 -0.8% 0.61%
2015 -3.7% 0.49%
2014 1.9% -0.28%
2013 4.8% 0.27%
2012 6.6% 2.77%
2011 5% 3.65%
2010 4% 1.4%
2009 1.2% -0.84%
2008 10.7% 2.59%
2007 4.1% 2.45%
2006 4.1% 3.11%
2005 -1.4% 2.28%
2004 1.7% 2.37%
2003 1.3% 3.22%
2002 1.8% 3.6%
2001 -0.4% 4.37%
2000 -0.4% 2.85%
1999 0.2% 2.34%
1998 4.5% 2.57%
1997 7.7% 2.34%

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

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

Over the past 29 years, Lebanon has recorded an average annual inflation rate of 26.1%, compared with 2.17% in Portugal. In 2025, inflation was 14.6% in Lebanon and 2.34% in Portugal.

Top exports between countries

Lebanon
Export category Export value
Metals $6.76M
Precious metals & jewellery $950K
Chemicals & pharma $637K
Processed food, beverages & tobacco $182K
Wood & paper products $108K
Textiles & consumer goods $81K
Machinery & equipment $37K
Miscellaneous $23K
Animal & marine products $6K
Portugal
Export category Export value
Textiles & consumer goods $10.3M
Raw materials & minerals $7.16M
Wood & paper products $5.41M
Processed food, beverages & tobacco $3.24M
Chemicals & pharma $3.04M
Machinery & equipment $1.26M
Metals $994K
Animal & marine products $833K
Raw agricultural goods $706K
Precious metals & jewellery $175K

Balance of trade

Lebanon Portugal
Current account balance
-$5.64B
2023
$6.51B
2024
Current account balance ranking
166/190
2023
30/190
2024
Current account balance, % of GDP
-28.1%
2023
+2.08%
2024
Goods imports
$16.7B
2023
$109B
2024
Goods exports
$3.85B
2023
$81.4B
2024
Service imports
$6.63B
2023
$27.9B
2024
Service exports
$7.92B
2023
$62.7B
2024
Imports of goods and services, % of GDP
58.9%
2024
42.7%
2025
Exports of goods and services, % of GDP
23.3%
2024
43.7%
2025

Economic freedom indices

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

Lebanon Portugal
Economic freedom 43.1 71.2
Economic freedom ranking 183/197 33/197
Property rights 21.8 88.9
Government integrity 23.4 63.4
Judicial effectiveness 23.8 90.1
Tax burden 90.3 60.6
Government spending 93.3 44.6
Fiscal health 63.4 82
Business freedom 47.6 83.1
Labor freedom 48.4 54.8
Monetary freedom 0 77.7
Trade freedom 65.6 79.4
Investment freedom 20 70
Financial freedom 20 60

Economic freedom comparison by year

Lebanon
Portugal
1x
Year Economic freedom index
Lebanon Portugal
2026 43.1 71.2
2025 44.1 70.5
2024 48.3 68.7
2023 45.6 69.5
2022 47.3 70.8
2021 51.4 67.5
2020 51.7 67
2019 51.1 65.3
2018 53.2 63.4
2017 53.3 62.6
2016 59.5 65.1
2015 59.3 65.3
2014 59.4 63.5
2013 59.5 63.1
2012 60.1 63
2011 60.1 64
2010 59.5 64.4
2009 58.1 64.9
2008 60 63.9
2007 60.4 64
2006 57.5 62.9
2005 57.2 62.4
2004 56.9 64.9
2003 56.7 64.9
2002 57.1 65.4
2001 61 66
2000 56.1 65.5
1999 59.1 65.6
1998 59 65
1997 63.9 63.6
1996 63.2 64.5
1995 - 62.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Portugal
Services, % of GDP
35.7%
2024
66.6%
2025
Industry, % of GDP
2.63%
2024
18.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.05%
2024
1.96%
2025
GNI, Atlas method
$20.7B
2024
$323B
2025
GNI per capita, PPP
$11,790
2024
$52,240
2025
Total reserves including gold
$33.3B
2024
$68.8B
2025
Total reserves ranking
56/177
2024
39/177
2025
Net foreign direct investment
-$583M
2023
-$6.64B
2024
Net inflows of foreign direct investment
$1.84B
2024
$13.5B
2024
Net outflows of foreign direct investment
$391M
2024
$6.84B
2024
Servicing debt to the IMF, % of GNI
9.68%
2024
n/a
Poverty at national poverty lines
27.4%
2012
16.4%
2021
Gross capital formation, % of GDP
1.44%
2024
21%
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/portugal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
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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.