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Economy of Lebanon vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $2.55B for Saint Lucia, ranking 128/197 and 173/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Lebanon vs Saint Lucia GDP by year

Lebanon
Saint Lucia
1x
Year GDP, current $
Lebanon Saint Lucia
2024 - $2,549,062,963
2023 $20,078,620,357 $2,430,166,667
2022 $20,992,421,949 $2,342,714,815
2021 $23,131,941,557 $1,867,185,185
2020 $31,712,128,254 $1,499,274,074
2019 $51,605,959,131 $2,095,344,444
2018 $54,901,519,156 $2,060,955,556
2017 $53,027,680,686 $1,998,503,704
2016 $51,147,308,774 $1,868,544,444
2015 $49,929,337,837 $1,807,640,741
2014 $48,095,213,747 $1,749,185,185
2013 $46,880,103,081 $1,660,392,593
2012 $44,016,799,516 $1,598,207,407
2011 $39,927,125,962 $1,568,370,370
2010 $38,443,907,042 $1,482,385,185
2009 $35,399,582,929 $1,401,507,889
2008 $29,118,916,105 $1,437,731,111
2007 $24,827,355,015 $1,336,088,815
2006 $22,022,709,851 $1,268,319,185
2005 $21,497,336,499 $1,135,555,556
2004 $21,159,827,992 $1,066,666,667
2003 $20,082,918,740 $987,407,407
2002 $19,152,238,806 $900,000,000
2001 $17,649,751,244 $892,592,593
2000 $17,260,364,842 $932,592,593
1999 $17,391,056,369 $921,851,852
1998 $17,247,179,006 $877,407,407
1997 $15,751,867,489 $805,925,926
1996 $13,690,217,334 $788,888,889
1995 $11,718,795,529 $762,962,963
1994 $9,599,127,050 $713,703,704
1993 $7,941,744,492 $684,814,815
1992 $5,843,579,161 $674,074,074
1991 $4,690,415,093 $613,703,704
1990 $2,838,485,354 $579,629,630
1989 $2,717,998,688 $486,666,667
1988 $3,313,540,068 $429,629,630
1987 - $375,555,556
1986 - $340,000,000
1985 - $284,444,444
1984 - $251,481,481
1983 - $197,037,037
1982 - $183,333,333
1981 - $194,444,444
1980 - $170,370,370

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

GeoRank.org/economy/lebanon/saint-lucia | CC BY

GDP per capita in Lebanon vs Saint Lucia by year

Lebanon
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $14,182 $27,567
2023 $3,478 $12,575 $13,555 $25,975
2022 $3,654 $12,293 $13,104 $24,599
2021 $4,045 $11,600 $10,459 $19,101
2020 $5,561 $16,260 $8,411 $14,912
2019 $8,906 $21,710 $11,794 $18,710
2018 $9,175 $21,985 $11,643 $17,433
2017 $8,608 $20,964 $11,333 $16,131
2016 $8,089 $18,941 $10,638 $15,307
2015 $7,714 $17,046 $10,335 $14,353
2014 $7,578 $16,140 $10,045 $14,403
2013 $8,162 $16,316 $9,577 $14,010
2012 $8,407 $16,121 $9,260 $13,443
2011 $7,835 $14,975 $9,129 $13,471
2010 $7,626 $14,704 $8,674 $12,718
2009 $7,091 $13,586 $8,251 $12,600
2008 $5,912 $12,416 $8,517 $12,969
2007 $5,125 $11,356 $7,964 $12,199
2006 $4,635 $10,312 $7,611 $11,758
2005 $4,602 $10,020 $6,863 $10,818
2004 $4,601 $9,609 $6,495 $10,610
2003 $4,438 $8,914 $6,059 $9,707
2002 $4,291 $8,586 $5,568 $9,205
2001 $4,010 $8,289 $5,570 $9,106
2000 $3,987 $7,938 $5,880 $9,314
1999 $4,087 $7,793 $5,883 $9,214
1998 $4,125 $7,861 $5,673 $8,965
1997 $3,834 $7,632 $5,282 $8,456
1996 $3,393 $7,560 $5,244 $8,490
1995 $2,959 $6,796 $5,148 $8,222
1994 $2,468 $6,367 $4,892 $8,041
1993 $2,079 $5,871 $4,765 $7,865
1992 $1,559 $5,279 $4,760 $7,753
1991 $1,278 $4,527 $4,399 $7,127
1990 $790 $2,990 $4,205 $6,951
1989 $771 - $3,565 -
1988 $959 - $3,182 -
1987 - - $2,819 -
1986 - - $2,591 -
1985 - - $2,202 -
1984 - - $1,979 -
1983 - - $1,576 -
1982 - - $1,489 -
1981 - - $1,605 -
1980 - - $1,428 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

GeoRank.org/economy/lebanon/saint-lucia | CC BY

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Lebanon Saint Lucia
Gross domestic product
$20.1B
2023
$2.55B
2024
GDP rank
128/197
2023
173/197
2024
GDP growth
-0.76%
2022-2023
3.89%
2023-2024
GDP per capita
$3,478
2023
$14,182
2024
GDP per capita rank
135/197
2023
70/197
2024
GDP per capita, PPP
$12,575
2023
$27,567
2024
GDP per capita PPP rank
123/197
2023
75/197
2024
Government debt
$38.7B
2023
$1.97B
2024
Debt-to-GDP ratio
163.8%
2024
77.2%
2024
Government debt per person
$6,704
2023
$10,952
2024
Government debt per person rank
70/185
2023
52/185
2024
Average annual personal income after taxes
$3,560
2026
$10,412
2026
Market capitalization of domestic companies
$10.6B
2021
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
34.1%
2015
Income share by poorest 10%
2.8%
2022
2.1%
2015
Government expenditure, % of GDP
16.5%
2024
24.5%
2024
Consumer prices inflation
45.2%
2023-2024
-0.11%
2023-2024
Central bank interest rate
20%
2023
n/a
Unemployment rate
11.3%
2019
10.1%
2024
Population
5906622
180638

Spending and national debt comparison by year

Lebanon
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Lebanon Saint Lucia
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 24.5% 77.2%
2023 14.9% 192.8% 25.6% 76.6%
2022 13.4% 244.6% 23% 74.4%
2021 10.9% 358% 27.4% 87%
2020 23.2% 148.7% 34.9% 100%
2019 31.3% 172.1% 25.1% 62.1%
2018 32.3% 155.1% 23.2% 60.5%
2017 30.6% 150% 23.3% 60.4%
2016 28.3% 146.4% 23% 61.3%
2015 26.7% 140.8% 23.7% 61.1%
2014 28.8% 138.4% 23.6% 62.4%
2013 28.9% 135.4% 25.4% 62.1%
2012 30.2% 131.1% 28% 60.8%
2011 28.8% 134.4% 27% 55.2%
2010 29.2% 136.8% 26% 53%
2009 32.1% 144.5% 24.5% 51%
2008 34.3% 161.5% 22.2% 46.7%
2007 35.2% 169.3% 22.6% 49.1%
2006 36.1% 183.3% 24.7% 48.6%
2005 31.4% 178.9% 26% 51.9%
2004 33.3% 169.5% 22.9% 49.6%
2003 36.4% 171.3% 22.9% 45.6%
2002 36.8% 163.1% 23.6% 48.8%
2001 38.9% 163.1% 22.1% 38.1%
2000 42.8% 148.1% 20.7% 32.5%
1999 35.6% 130.2% 20.9% 28.9%
1998 34.7% 108.2% 18.8% 29.4%
1997 40.5% 100.2% 19.5% 27.2%
1996 43.6% 101.2% 18.9% 24.1%
1995 31.1% 79.6% 19.2% 22.9%
1994 47.3% 71.5% 19.1% 23.8%
1993 23% 50.5% 21.8% 22.9%
1992 36.1% 51.7% 18.4% 22.2%
1991 35.6% 67.1% 18.4% 19.8%
1990 40% 99.7% 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1999, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/saint-lucia | CC BY

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 77.2% in Saint Lucia, ranking 6/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Lebanon Saint Lucia
2024 -0.19% -2.13%
2023 -1.7% -3.09%
2022 -7.77% -1.67%
2021 -2.67% -5.1%
2020 -7.37% -12%
2019 -10.5% -3.51%
2018 -11.3% -1.03%
2017 -8.65% -1.14%
2016 -8.88% -0.79%
2015 -7.48% -2.35%
2014 -6.22% -3.08%
2013 -8.82% -4.84%
2012 -8.43% -7.62%
2011 -5.94% -5.38%
2010 -7.47% -4.17%
2009 -8.1% -2.67%
2008 -9.86% -0.72%
2007 -10.9% -1.62%
2006 -10.6% -5.07%
2005 -8.57% -6.18%
2004 -9.83% -2.63%
2003 -14% -3.23%
2002 -16.2% -3.1%
2001 -21% -3.08%
2000 -23.9% -1.16%
1999 -16.7% 1.62%
1998 -17.3% 2.25%
1997 -24.5% -1.13%
1996 -25.7% -0.58%
1995 -13.6% -0.13%
1994 -29.1% -0.02%
1993 -7.19% -0.26%
1992 -24% -0.66%
1991 -19.5% -0.43%
1990 -30.2% 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/saint-lucia | 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 Saint Lucia's deficit of $75.1M, or 3.09% of GDP.

Over the past 34 years, Lebanon recorded a fiscal deficit in 34 of those years, while Saint Lucia ran a deficit in 31 years. On average, Lebanon posted an annual deficit equal to 13.1% of GDP, compared to deficit of 2.48% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Lebanon

Saint Lucia
1x
Year Consumer prices inflation
Lebanon Saint Lucia
2024 45.2% -0.11%
2023 221.3% 4.07%
2022 171.2% 6.38%
2021 154.8% 2.41%
2020 84.9% -1.76%
2019 2.9% 0.54%
2018 6.1% 1.94%
2017 4.5% 0.1%
2016 -0.8% -3.08%
2015 -3.8% -0.98%
2014 1.1% 3.52%
2013 5.6% 1.47%
2012 6.6% 4.18%
2011 5% 2.77%
2010 4% 3.25%
2009 1.2% -0.16%
2008 10.7% 5.55%
2007 4.1% 2.82%
2006 4.1% 2.4%
2005 -1.4% 3.9%
2004 1.7% 1.46%
2003 1.3% 1.03%
2002 1.8% -0.26%
2001 -0.4% 5.31%
2000 -0.4% 3.71%
1999 0.2% 3.5%
1998 4.5% 3.2%
1997 7.7% -0.006%

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/saint-lucia | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 2.04% in Saint Lucia. In 2024, inflation was 45.2% in Lebanon and -0.11% in Saint Lucia.

Balance of trade

Lebanon Saint Lucia
Current account balance
-$5.64B
2023
-$64.1M
2024
Current account balance ranking
168/190
2023
86/190
2024
Current account balance, % of GDP
-28.1%
2023
-2.52%
2024
Goods imports
$16.7B
2023
$848M
2024
Goods exports
$3.85B
2023
$137M
2024
Service imports
$6.63B
2023
$598M
2024
Service exports
$7.92B
2023
$1.46B
2024
Imports of goods and services, % of GDP
73.7%
2023
n/a
Exports of goods and services, % of GDP
30.6%
2023
19%
2025

Economic freedom indices

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

Lebanon Saint Lucia
Economic freedom 43.1 67.5
Economic freedom ranking 183/197 57/197
Property rights 21.8 64.3
Government integrity 23.4 59.7
Judicial effectiveness 23.8 77.3
Tax burden 90.3 77.7
Government spending 93.3 82.6
Fiscal health 63.4 80
Business freedom 47.6 71.9
Labor freedom 48.4 65.2
Monetary freedom 0 81
Trade freedom 65.6 60
Investment freedom 20 50
Financial freedom 20 40

Economic freedom comparison by year

Lebanon
Saint Lucia
1x
Year Economic freedom index
Lebanon Saint Lucia
2026 43.1 67.5
2025 44.1 67
2024 48.3 62.2
2023 45.6 60.7
2022 47.3 64.3
2021 51.4 67.5
2020 51.7 68.2
2019 51.1 68.7
2018 53.2 67.6
2017 53.3 65
2016 59.5 70
2015 59.3 70.2
2014 59.4 70.7
2013 59.5 70.4
2012 60.1 71.3
2011 60.1 70.8
2010 59.5 70.5
2009 58.1 68.8
2008 60 -
2007 60.4 -
2006 57.5 -
2005 57.2 -
2004 56.9 -
2003 56.7 -
2002 57.1 -
2001 61 -
2000 56.1 -
1999 59.1 -
1998 59 -
1997 63.9 -
1996 63.2 -

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

GeoRank.org/economy/lebanon/saint-lucia | CC BY

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Saint Lucia
Services, % of GDP
42.4%
2023
75.9%
2024
Industry, % of GDP
2.09%
2023
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
1.13%
2024
GNI, Atlas method
$21.4B
2023
$2.27B
2024
GNI per capita, PPP
$12,420
2023
$24,840
2024
Total reserves including gold
$33.3B
2024
$406M
2024
Total reserves ranking
54/177
2024
162/177
2024
Net foreign direct investment
-$583M
2023
-$187M
2024
Net inflows of foreign direct investment
$1.84B
2024
$187M
2024
Net outflows of foreign direct investment
$391M
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
22%
2023
3.42%
2024
Poverty at national poverty lines
27.4%
2012
25%
2016
Gross capital formation, % of GDP
1.9%
2023
n/a

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/saint-lucia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.