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Economy of Lebanon vs Russia compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $2.17T for Russia, ranking 128/197 and 11/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $440B (20.3% of GDP) in Russia.

Lebanon vs Russia GDP by year

Lebanon
Russia
1x
Year GDP, current $
Lebanon Russia
2024 - $2,173,835,806,672
2023 $20,078,620,357 $2,071,505,725,031
2022 $20,992,421,949 $2,291,612,121,335
2021 $23,131,941,557 $1,829,186,719,575
2020 $31,712,128,254 $1,493,075,894,362
2019 $51,605,959,131 $1,693,115,002,708
2018 $54,901,519,156 $1,657,328,773,461
2017 $53,027,680,686 $1,574,199,360,089
2016 $51,147,308,774 $1,276,786,350,881
2015 $49,929,337,837 $1,363,482,182,198
2014 $48,095,213,747 $2,059,241,589,895
2013 $46,880,103,081 $2,292,470,078,346
2012 $44,016,799,516 $2,208,293,553,878
2011 $39,927,125,962 $2,045,922,753,398
2010 $38,443,907,042 $1,524,916,715,224
2009 $35,399,582,929 $1,222,645,900,056
2008 $29,118,916,105 $1,660,848,058,303
2007 $24,827,355,015 $1,299,703,478,482
2006 $22,022,709,851 $989,932,071,353
2005 $21,497,336,499 $764,015,973,481
2004 $21,159,827,992 $591,016,690,732
2003 $20,082,918,740 $430,347,420,185
2002 $19,152,238,806 $345,470,494,418
2001 $17,649,751,244 $306,602,070,621
2000 $17,260,364,842 $259,710,142,197
1999 $17,391,056,369 $195,907,128,351
1998 $17,247,179,006 $270,955,486,862
1997 $15,751,867,489 $404,928,954,192
1996 $13,690,217,334 $391,724,890,744
1995 $11,718,795,529 $395,537,185,735
1994 $9,599,127,050 $395,077,301,248
1993 $7,941,744,492 $435,083,713,851
1992 $5,843,579,161 $460,290,556,901
1991 $4,690,415,093 $517,962,962,963
1990 $2,838,485,354 $517,014,446,228
1989 $2,717,998,688 $506,631,299,735
1988 $3,313,540,068 $554,828,660,436

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

GDP per capita in Lebanon vs Russia by year

Lebanon
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $15,145 $47,405
2023 $3,478 $12,575 $14,403 $44,269
2022 $3,654 $12,293 $15,888 $40,939
2021 $4,045 $11,600 $12,637 $38,638
2020 $5,561 $16,260 $10,280 $31,491
2019 $8,906 $21,710 $11,640 $30,964
2018 $9,175 $21,985 $11,399 $28,629
2017 $8,608 $20,964 $10,835 $25,778
2016 $8,089 $18,941 $8,804 $24,012
2015 $7,714 $17,046 $9,427 $23,994
2014 $7,578 $16,140 $14,277 $25,688
2013 $8,162 $16,316 $15,941 $26,020
2012 $8,407 $16,121 $15,402 $24,274
2011 $7,835 $14,975 $14,305 $22,790
2010 $7,626 $14,704 $10,675 $20,490
2009 $7,091 $13,586 $8,563 $19,390
2008 $5,912 $12,416 $11,635 $20,164
2007 $5,125 $11,356 $9,101 $16,648
2006 $4,635 $10,312 $6,920 $14,912
2005 $4,602 $10,020 $5,323 $11,822
2004 $4,601 $9,609 $4,102 $10,227
2003 $4,438 $8,914 $2,975 $9,255
2002 $4,291 $8,586 $2,378 $8,037
2001 $4,010 $8,289 $2,100 $7,361
2000 $3,987 $7,938 $1,772 $6,825
1999 $4,087 $7,793 $1,331 $5,914
1998 $4,125 $7,861 $1,835 $5,465
1997 $3,834 $7,632 $2,738 $5,700
1996 $3,393 $7,560 $2,644 $5,518
1995 $2,959 $6,796 $2,666 $5,613
1994 $2,468 $6,367 $2,662 $5,734
1993 $2,079 $5,871 $2,931 $6,420
1992 $1,559 $5,279 $3,099 $6,862
1991 $1,278 $4,527 $3,490 $7,858
1990 $790 $2,990 $3,494 $8,028
1989 $771 - $3,430 -
1988 $959 - $3,778 -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Russia ranks 50th at $47,405.

Economic indicators

Lebanon Russia
Gross domestic product
$20.1B
2023
$2.17T
2024
GDP rank
128/197
2023
11/197
2024
GDP growth
-0.76%
2022-2023
4.34%
2023-2024
GDP per capita
$3,478
2023
$15,145
2024
GDP per capita rank
135/197
2023
68/197
2024
GDP per capita, PPP
$12,575
2023
$47,405
2024
GDP per capita PPP rank
123/197
2023
50/197
2024
Government debt
$38.7B
2023
$440B
2024
Debt-to-GDP ratio
163.8%
2024
20.3%
2024
Government debt per person
$6,704
2023
$3,067
2024
Government debt per person rank
70/185
2023
98/185
2024
Average annual personal income after taxes
$3,560
2026
$10,464
2026
Market capitalization of domestic companies
$10.6B
2021
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires
6
2025
140
2025
Income share by richest 10%
25.1%
2022
25.1%
2023
Income share by poorest 10%
2.8%
2022
3.1%
2023
Government expenditure, % of GDP
16.5%
2024
36.9%
2024
Consumer prices inflation
45.2%
2023-2024
8.4%
2023-2024
Central bank interest rate
20%
2023
16%
2025
Unemployment rate
11.3%
2019
2.43%
2024
Population
5906622
141906741

Spending and national debt comparison by year

Lebanon
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Lebanon Russia
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 36.9% 20.3%
2023 14.9% 192.8% 35.7% 19.5%
2022 13.4% 244.6% 35.2% 18.5%
2021 10.9% 358% 34.9% 16.5%
2020 23.2% 148.7% 39.2% 19.2%
2019 31.3% 172.1% 33.8% 13.7%
2018 32.3% 155.1% 32.6% 13.6%
2017 30.6% 150% 34.8% 14.3%
2016 28.3% 146.4% 36.6% 14.8%
2015 26.7% 140.8% 35.3% 15.3%
2014 28.8% 138.4% 34.9% 15.1%
2013 28.9% 135.4% 34.7% 12.3%
2012 30.2% 131.1% 34% 11.2%
2011 28.8% 134.4% 33.3% 10.3%
2010 29.2% 136.8% 35.5% 10.1%
2009 32.1% 144.5% 38.6% 9.92%
2008 34.3% 161.5% 32% 7.45%
2007 35.2% 169.3% 31.9% 8.03%
2006 36.1% 183.3% 29% 9.8%
2005 31.4% 178.9% 29.5% 14.9%
2004 33.3% 169.5% 29.6% 20.8%
2003 36.4% 171.3% 32.6% 28.3%
2002 36.8% 163.1% 33.8% 37.6%
2001 38.9% 163.1% 31.5% 44.4%
2000 42.8% 148.1% 30.7% 55.9%
1999 35.6% 130.2% 34.3% 92.4%
1998 34.7% 108.2% 39.7% 135.2%
1997 40.5% 100.2% - 51.5%
1996 43.6% 101.2% - 51.9%
1995 31.1% 79.6% - 53.7%
1994 47.3% 71.5% - 63.5%
1993 23% 50.5% - 92.4%
1992 36.1% 51.7% - 116%
1991 35.6% 67.1% - -
1990 40% 99.7% - -

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

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 20.3% in Russia, ranking 6/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Russia
1x
Year Deficit/surplus, % of GDP
Lebanon Russia
2024 -0.19% -1.6%
2023 -1.7% -2.22%
2022 -7.77% -1.34%
2021 -2.67% 0.78%
2020 -7.37% -3.99%
2019 -10.5% 1.93%
2018 -11.3% 2.92%
2017 -8.65% -1.47%
2016 -8.88% -3.67%
2015 -7.48% -3.39%
2014 -6.22% -1.07%
2013 -8.82% -1.16%
2012 -8.43% 0.38%
2011 -5.94% 1.43%
2010 -7.47% -3.19%
2009 -8.1% -5.89%
2008 -9.86% 4.55%
2007 -10.9% 5.59%
2006 -10.6% 7.8%
2005 -8.57% 7.6%
2004 -9.83% 4.57%
2003 -14% 1.35%
2002 -16.2% 0.67%
2001 -21% 2.99%
2000 -23.9% 3.11%
1999 -16.7% -3.59%
1998 -17.3% -7.42%
1997 -24.5% -
1996 -25.7% -
1995 -13.6% -
1994 -29.1% -
1993 -7.19% -
1992 -24% -
1991 -19.5% -
1990 -30.2% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/russia | 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 Russia's deficit of $45.9B, or 2.22% of GDP.

Over the past 26 years, Lebanon recorded a fiscal deficit in 26 of those years, while Russia ran a deficit in 12 years. On average, Lebanon posted an annual deficit equal to 10.4% of GDP, compared to surplus of 0.28% of GDP for Russia.

Inflation comparison by year

Inflation
Lebanon

Russia
1x
Year Consumer prices inflation
Lebanon Russia
2024 45.2% 8.4%
2023 221.3% 5.9%
2022 171.2% 13.7%
2021 154.8% 6.7%
2020 84.9% 3.4%
2019 2.9% 4.5%
2018 6.1% 2.9%
2017 4.5% 3.7%
2016 -0.8% 7%
2015 -3.8% 15.5%
2014 1.1% 7.8%
2013 5.6% 6.8%
2012 6.6% 5.1%
2011 5% 8.4%
2010 4% 6.8%
2009 1.2% 11.6%
2008 10.7% 14.1%
2007 4.1% 9%
2006 4.1% 9.7%
2005 -1.4% 12.7%
2004 1.7% 10.9%
2003 1.3% 13.7%
2002 1.8% 15.8%
2001 -0.4% 21.5%
2000 -0.4% 20.8%
1999 0.2% 85.7%
1998 4.5% 27.7%
1997 7.7% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 13.4% in Russia. In 2024, inflation was 45.2% in Lebanon and 8.4% in Russia.

Top exports between countries

Lebanon
Export category Export value
Chemicals & pharma $3.71M
Machinery & equipment $1.93M
Metals $1.84M
Wood & paper products $1.64M
Processed food, beverages & tobacco $1.28M
Raw agricultural goods $712K
Textiles & consumer goods $312K
Miscellaneous $16K
Precious metals & jewellery $10K
Animal & marine products $9K
Russia
Export category Export value
Raw materials & minerals $375M
Processed food, beverages & tobacco $52.1M
Raw agricultural goods $44.6M
Wood & paper products $29M
Metals $12.5M
Chemicals & pharma $4.65M
Transport & tourism services $3.83M
Machinery & equipment $1.84M
Business & finance services $1.25M
Miscellaneous $651K

Balance of trade

Lebanon Russia
Current account balance
-$5.64B
2023
$63.4B
2024
Current account balance ranking
168/190
2023
12/190
2024
Current account balance, % of GDP
-28.1%
2023
+2.91%
2024
Goods imports
$16.7B
2023
$302B
2024
Goods exports
$3.85B
2023
$434B
2024
Service imports
$6.63B
2023
$81.5B
2024
Service exports
$7.92B
2023
$43.1B
2024
Imports of goods and services, % of GDP
73.7%
2023
17.6%
2024
Exports of goods and services, % of GDP
30.6%
2023
21.9%
2024

Economic freedom indices

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

Lebanon Russia
Economic freedom 43.1 50.3
Economic freedom ranking 183/197 161/197
Property rights 21.8 18.6
Government integrity 23.4 22.8
Judicial effectiveness 23.8 22.8
Tax burden 90.3 81.9
Government spending 93.3 61.3
Fiscal health 63.4 94.4
Business freedom 47.6 51.4
Labor freedom 48.4 59.1
Monetary freedom 0 61.8
Trade freedom 65.6 69.4
Investment freedom 20 30
Financial freedom 20 30

Economic freedom comparison by year

Lebanon
Russia
1x
Year Economic freedom index
Lebanon Russia
2026 43.1 50.3
2025 44.1 51.6
2024 48.3 52
2023 45.6 53.8
2022 47.3 56.1
2021 51.4 61.5
2020 51.7 61
2019 51.1 58.9
2018 53.2 58.2
2017 53.3 57.1
2016 59.5 50.6
2015 59.3 52.1
2014 59.4 51.9
2013 59.5 51.1
2012 60.1 50.5
2011 60.1 50.5
2010 59.5 50.3
2009 58.1 50.8
2008 60 49.8
2007 60.4 52.2
2006 57.5 52.4
2005 57.2 51.3
2004 56.9 52.8
2003 56.7 50.8
2002 57.1 48.7
2001 61 49.8
2000 56.1 51.8
1999 59.1 54.5
1998 59 52.8
1997 63.9 48.6
1996 63.2 51.6
1995 - 51.1

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Russia
Services, % of GDP
42.4%
2023
57.5%
2024
Industry, % of GDP
2.09%
2023
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
2.74%
2024
GNI, Atlas method
$21.4B
2023
$2.24T
2024
GNI per capita, PPP
$12,420
2023
$46,780
2024
Total reserves including gold
$33.3B
2024
$597B
2023
Total reserves ranking
54/177
2024
6/177
2023
Net foreign direct investment
-$583M
2023
$9.37B
2024
Net inflows of foreign direct investment
$1.84B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$391M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
22%
2023
2.65%
2024
Poverty at national poverty lines
27.4%
2012
12.1%
2020
Gross capital formation, % of GDP
1.9%
2023
26.3%
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/russia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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 (1885–1999, 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 (2020–2023, 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.