Skip to content

Economy of Lebanon vs Rwanda compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $14.3B for Rwanda, ranking 128/197 and 144/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Lebanon vs Rwanda GDP by year

Lebanon
Rwanda
1x
Year GDP, current $
Lebanon Rwanda
2024 - $14,251,642,235
2023 $20,078,620,357 $14,331,722,703
2022 $20,992,421,949 $13,316,161,002
2021 $23,131,941,557 $11,078,787,090
2020 $31,712,128,254 $10,174,386,857
2019 $51,605,959,131 $10,349,300,277
2018 $54,901,519,156 $9,637,904,521
2017 $53,027,680,686 $9,252,833,891
2016 $51,147,308,774 $8,695,272,058
2015 $49,929,337,837 $8,543,760,200
2014 $48,095,213,747 $8,238,966,124
2013 $46,880,103,081 $7,819,964,030
2012 $44,016,799,516 $7,654,761,050
2011 $39,927,125,962 $6,884,913,658
2010 $38,443,907,042 $6,124,756,654
2009 $35,399,582,929 $5,674,476,969
2008 $29,118,916,105 $5,179,854,065
2007 $24,827,355,015 $4,070,507,895
2006 $22,022,709,851 $3,319,784,539
2005 $21,497,336,499 $2,933,819,766
2004 $21,159,827,992 $2,376,496,067
2003 $20,082,918,740 $2,138,237,279
2002 $19,152,238,806 $1,966,003,468
2001 $17,649,751,244 $1,966,600,715
2000 $17,260,364,842 $2,068,836,754
1999 $17,391,056,369 $2,157,108,263
1998 $17,247,179,006 $1,989,343,546
1997 $15,751,867,489 $1,851,558,197
1996 $13,690,217,334 $1,382,334,879
1995 $11,718,795,529 $1,293,535,193
1994 $9,599,127,050 $753,636,370
1993 $7,941,744,492 $1,971,525,712
1992 $5,843,579,161 $2,029,026,962
1991 $4,690,415,093 $1,911,600,237
1990 $2,838,485,354 $2,550,185,679
1989 $2,717,998,688 $2,405,022,593
1988 $3,313,540,068 $2,395,492,687
1987 - $2,157,432,668
1986 - $1,944,710,684
1985 - $1,715,626,331
1984 - $1,587,413,084
1983 - $1,479,687,587
1982 - $1,407,243,139
1981 - $1,407,062,527
1980 - $1,254,765,642
1979 - $1,109,346,131
1978 - $905,709,076
1977 - $746,650,613
1976 - $637,753,853
1975 - $571,863,500
1974 - $308,458,423
1973 - $290,746,157
1972 - $246,457,838
1971 - $222,952,504
1970 - $219,900,006
1969 - $188,700,037
1968 - $172,200,018
1967 - $159,560,018
1966 - $124,525,703
1965 - $148,799,980
1964 - $129,999,994
1963 - $128,000,000
1962 - $125,000,008
1961 - $122,000,016
1960 - $119,000,024

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

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

GDP per capita in Lebanon vs Rwanda by year

Lebanon
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,000 $3,711
2023 $3,478 $12,575 $1,027 $3,399
2022 $3,654 $12,293 $975 $3,099
2021 $4,045 $11,600 $830 $2,733
2020 $5,561 $16,260 $779 $2,285
2019 $8,906 $21,710 $810 $2,336
2018 $9,175 $21,985 $772 $2,125
2017 $8,608 $20,964 $758 $1,968
2016 $8,089 $18,941 $730 $1,866
2015 $7,714 $17,046 $734 $1,781
2014 $7,578 $16,140 $725 $1,678
2013 $8,162 $16,316 $705 $1,512
2012 $8,407 $16,121 $707 $1,455
2011 $7,835 $14,975 $651 $1,413
2010 $7,626 $14,704 $594 $1,314
2009 $7,091 $13,586 $564 $1,241
2008 $5,912 $12,416 $528 $1,191
2007 $5,125 $11,356 $426 $1,079
2006 $4,635 $10,312 $357 $1,002
2005 $4,602 $10,020 $324 $914
2004 $4,601 $9,609 $269.5 $832
2003 $4,438 $8,914 $249 $775
2002 $4,291 $8,586 $234 $760
2001 $4,010 $8,289 $237.3 $670
2000 $3,987 $7,938 $251.9 $609
1999 $4,087 $7,793 $264.7 $554
1998 $4,125 $7,861 $246.2 $528
1997 $3,834 $7,632 $238.7 $500
1996 $3,393 $7,560 $206 $499
1995 $2,959 $6,796 $228 $514
1994 $2,468 $6,367 $111 $311
1993 $2,079 $5,871 $247 $521
1992 $1,559 $5,279 $264.1 $575
1991 $1,278 $4,527 $254 $542
1990 $790 $2,990 $346 $549
1989 $771 - $335 -
1988 $959 - $344 -
1987 - - $320 -
1986 - - $297.7 -
1985 - - $271.6 -
1984 - - $259.9 -
1983 - - $250.6 -
1982 - - $246.4 -
1981 - - $254.6 -
1980 - - $234.4 -
1979 - - $213.8 -
1978 - - $179.9 -
1977 - - $152.7 -
1976 - - $134.4 -
1975 - - $124.1 -
1974 - - $68.9 -
1973 - - $66.9 -
1972 - - $58.4 -
1971 - - $54.4 -
1970 - - $55.2 -
1969 - - $48.9 -
1968 - - $46 -
1967 - - $44 -
1966 - - $35.4 -
1965 - - $43.5 -
1964 - - $39 -
1963 - - $39.3 -
1962 - - $39.2 -
1961 - - $39.3 -
1960 - - $39.4 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Rwanda ranks 168th at $3,711.

Economic indicators

Lebanon Rwanda
Gross domestic product
$20.1B
2023
$14.3B
2024
GDP rank
128/197
2023
144/197
2024
GDP growth
-0.76%
2022-2023
8.89%
2023-2024
GDP per capita
$3,478
2023
$1,000
2024
GDP per capita rank
135/197
2023
178/197
2024
GDP per capita, PPP
$12,575
2023
$3,711
2024
GDP per capita PPP rank
123/197
2023
168/197
2024
Government debt
$38.7B
2023
$9.58B
2024
Debt-to-GDP ratio
163.8%
2024
67.2%
2024
Government debt per person
$6,704
2023
$672
2024
Government debt per person rank
70/185
2023
157/185
2024
Average annual personal income after taxes
$3,560
2026
$2,194
2026
Market capitalization of domestic companies
$10.6B
2021
$2.75B
2024
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
33.4%
2023
Income share by poorest 10%
2.8%
2022
3.1%
2023
Government expenditure, % of GDP
16.5%
2024
28.8%
2024
Consumer prices inflation
45.2%
2023-2024
1.77%
2023-2024
Central bank interest rate
20%
2023
6.75%
2025
Unemployment rate
11.3%
2019
11.3%
2024
Population
5906622
14975051

Spending and national debt comparison by year

Lebanon
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Lebanon Rwanda
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 28.8% 67.2%
2023 14.9% 192.8% 27% 63.4%
2022 13.4% 244.6% 29.7% 60.9%
2021 10.9% 358% 31.6% 67.3%
2020 23.2% 148.7% 33.5% 68.7%
2019 31.3% 172.1% 28.2% 53.6%
2018 32.3% 155.1% 26.4% 49.2%
2017 30.6% 150% 25.1% 45.6%
2016 28.3% 146.4% 25.1% 41.1%
2015 26.7% 140.8% 26.6% 33.1%
2014 28.8% 138.4% 27.5% 29.1%
2013 28.9% 135.4% 26.2% 26.7%
2012 30.2% 131.1% 24.6% 19.1%
2011 28.8% 134.4% 24.7% 18.7%
2010 29.2% 136.8% 23.8% 18.8%
2009 32.1% 144.5% 22.3% 18.5%
2008 34.3% 161.5% 22.5% 18.3%
2007 35.2% 169.3% 22.4% 22.1%
2006 36.1% 183.3% 20.6% 22.5%
2005 31.4% 178.9% 19.9% 58.9%
2004 33.3% 169.5% 17.9% 80.9%
2003 36.4% 171.3% 18.5% 79.5%
2002 36.8% 163.1% 20.5% 92%
2001 38.9% 163.1% 19.1% 84%
2000 42.8% 148.1% 18.2% 86%
1999 35.6% 130.2% 22.4% 78.4%
1998 34.7% 108.2% 16.4% 70.1%
1997 40.5% 100.2% 17% 72.2%
1996 43.6% 101.2% 19.5% 83.4%
1995 31.1% 79.6% 18% 100.8%
1994 47.3% 71.5% 13.3% -
1993 23% 50.5% 20.3% -
1992 36.1% 51.7% 21.5% -
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/rwanda | CC BY

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 67.2% in Rwanda, ranking 6/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Rwanda
1x
Year Deficit/surplus, % of GDP
Lebanon Rwanda
2024 -0.19% -6.57%
2023 -1.7% -5.04%
2022 -7.77% -5.74%
2021 -2.67% -7%
2020 -7.37% -9.54%
2019 -10.5% -5.08%
2018 -11.3% -2.57%
2017 -8.65% -2.52%
2016 -8.88% -2.27%
2015 -7.48% -2.68%
2014 -6.22% -3.92%
2013 -8.82% -1.27%
2012 -8.43% -2.38%
2011 -5.94% -0.86%
2010 -7.47% -0.64%
2009 -8.1% 0.26%
2008 -9.86% 0.83%
2007 -10.9% -1.56%
2006 -10.6% -0.03%
2005 -8.57% 1.12%
2004 -9.83% 2.27%
2003 -14% -1.23%
2002 -16.2% -2.03%
2001 -21% -1.8%
2000 -23.9% -0.22%
1999 -16.7% -4.41%
1998 -17.3% -2.59%
1997 -24.5% -2.22%
1996 -25.7% -5.01%
1995 -13.6% -2.04%
1994 -29.1% -9.54%
1993 -7.19% -6.6%
1992 -24% -7.21%
1991 -19.5% -
1990 -30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/rwanda | 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 Rwanda's deficit of $722M, or 5.04% of GDP.

Over the past 32 years, Lebanon recorded a fiscal deficit in 32 of those years, while Rwanda ran a deficit in 28 years. On average, Lebanon posted an annual deficit equal to 12.3% of GDP, compared to deficit of 2.92% of GDP for Rwanda.

Inflation comparison by year

Inflation
Lebanon

Rwanda
1x
Year Consumer prices inflation
Lebanon Rwanda
2024 45.2% 1.77%
2023 221.3% 19.8%
2022 171.2% 17.7%
2021 154.8% -0.39%
2020 84.9% 9.85%
2019 2.9% 3.35%
2018 6.1% -0.31%
2017 4.5% 8.28%
2016 -0.8% 7.17%
2015 -3.8% 2.53%
2014 1.1% 2.35%
2013 5.6% 5.92%
2012 6.6% 10.3%
2011 5% 3.08%
2010 4% -0.25%
2009 1.2% 12.9%
2008 10.7% 15.4%
2007 4.1% 9.08%
2006 4.1% 8.88%
2005 -1.4% 9.01%
2004 1.7% 12.3%
2003 1.3% 7.45%
2002 1.8% 1.99%
2001 -0.4% 3.34%
2000 -0.4% 3.9%
1999 0.2% -2.41%
1998 4.5% 6.21%
1997 7.7% 12%

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/rwanda | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 6.83% in Rwanda. In 2024, inflation was 45.2% in Lebanon and 1.77% in Rwanda.

Top exports between countries

Lebanon
Export category Export value
Metals $290K
Textiles & consumer goods $108K
Processed food, beverages & tobacco $73K
Machinery & equipment $44K
Wood & paper products $44K
Chemicals & pharma $21K
Animal & marine products $17K
Precious metals & jewellery $10K
Miscellaneous $3K
Raw materials & minerals $2K
Rwanda
Export category Export value
Machinery & equipment $11K
Miscellaneous $2K
Raw agricultural goods $2K
Textiles & consumer goods $1K

Balance of trade

Lebanon Rwanda
Current account balance
-$5.64B
2023
-$1.81B
2024
Current account balance ranking
168/190
2023
140/190
2024
Current account balance, % of GDP
-28.1%
2023
-12.7%
2024
Goods imports
$16.7B
2023
$5.55B
2024
Goods exports
$3.85B
2023
$3.2B
2024
Service imports
$6.63B
2023
$991M
2024
Service exports
$7.92B
2023
$1.08B
2024
Imports of goods and services, % of GDP
73.7%
2023
39.1%
2024
Exports of goods and services, % of GDP
30.6%
2023
30.8%
2024

Economic freedom indices

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

Lebanon Rwanda
Economic freedom 43.1 56.5
Economic freedom ranking 183/197 121/197
Property rights 21.8 60.3
Government integrity 23.4 53.9
Judicial effectiveness 23.8 27.5
Tax burden 90.3 80.6
Government spending 93.3 75.7
Fiscal health 63.4 37.5
Business freedom 47.6 60.1
Labor freedom 48.4 49.1
Monetary freedom 0 72.3
Trade freedom 65.6 61.8
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

Lebanon
Rwanda
1x
Year Economic freedom index
Lebanon Rwanda
2026 43.1 56.5
2025 44.1 54.8
2024 48.3 51.6
2023 45.6 52.2
2022 47.3 57.1
2021 51.4 68.3
2020 51.7 70.9
2019 51.1 71.1
2018 53.2 69.1
2017 53.3 67.6
2016 59.5 63.1
2015 59.3 64.8
2014 59.4 64.7
2013 59.5 64.1
2012 60.1 64.9
2011 60.1 62.7
2010 59.5 59.1
2009 58.1 54.2
2008 60 54.2
2007 60.4 52.4
2006 57.5 52.8
2005 57.2 51.7
2004 56.9 53.3
2003 56.7 47.8
2002 57.1 50.4
2001 61 45.4
2000 56.1 42.3
1999 59.1 39.8
1998 59 39.1
1997 63.9 38.3
1996 63.2 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Rwanda
Services, % of GDP
42.4%
2023
47.6%
2024
Industry, % of GDP
2.09%
2023
21%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
24.6%
2024
GNI, Atlas method
$21.4B
2023
$14.8B
2024
GNI per capita, PPP
$12,420
2023
$3,620
2024
Total reserves including gold
$33.3B
2024
$2.41B
2024
Total reserves ranking
54/177
2024
123/177
2024
Net foreign direct investment
-$583M
2023
-$560M
2024
Net inflows of foreign direct investment
$1.84B
2024
$573M
2024
Net outflows of foreign direct investment
$391M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
22%
2023
3.09%
2024
Poverty at national poverty lines
27.4%
2012
27.4%
2023
Gross capital formation, % of GDP
1.9%
2023
25.9%
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/rwanda | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  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.