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Economy of Lebanon vs Seychelles compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $2.17B for the Seychelles, ranking 128/197 and 178/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Lebanon vs Seychelles GDP by year

Lebanon
Seychelles
1x
Year GDP, current $
Lebanon Seychelles
2024 - $2,167,239,562
2023 $20,078,620,357 $2,187,379,755
2022 $20,992,421,949 $2,018,346,589
2021 $23,131,941,557 $1,487,173,795
2020 $31,712,128,254 $1,382,551,752
2019 $51,605,959,131 $1,868,690,097
2018 $54,901,519,156 $1,784,313,927
2017 $53,027,680,686 $1,675,370,641
2016 $51,147,308,774 $1,568,513,348
2015 $49,929,337,837 $1,432,403,352
2014 $48,095,213,747 $1,387,577,870
2013 $46,880,103,081 $1,333,160,407
2012 $44,016,799,516 $1,089,407,839
2011 $39,927,125,962 $1,058,918,707
2010 $38,443,907,042 $981,616,542
2009 $35,399,582,929 $850,901,620
2008 $29,118,916,105 $979,597,394
2007 $24,827,355,015 $1,077,308,814
2006 $22,022,709,851 $1,081,441,283
2005 $21,497,336,499 $977,899,382
2004 $21,159,827,992 $893,012,218
2003 $20,082,918,740 $750,847,230
2002 $19,152,238,806 $742,134,838
2001 $17,649,751,244 $662,064,156
2000 $17,260,364,842 $654,212,394
1999 $17,391,056,369 $662,838,615
1998 $17,247,179,006 $647,287,376
1997 $15,751,867,489 $598,966,982
1996 $13,690,217,334 $535,250,347
1995 $11,718,795,529 $540,733,048
1994 $9,599,127,050 $517,570,058
1993 $7,941,744,492 $504,230,621
1992 $5,843,579,161 $461,409,399
1991 $4,690,415,093 $398,307,170
1990 $2,838,485,354 $392,163,561
1989 $2,717,998,688 $324,333,367
1988 $3,313,540,068 $301,985,618
1987 - $265,212,957
1986 - $221,147,061
1985 - $179,691,483
1984 - $160,992,921
1983 - $156,098,237
1982 - $157,211,790
1981 - $163,750,728
1980 - $156,783,830
1979 - $127,261,099
1978 - $85,552,366
1977 - $64,526,401
1976 - $49,278,982
1975 - $47,803,146
1974 - $43,134,496
1973 - $36,896,280
1972 - $30,645,123
1971 - $21,965,951
1970 - $18,432,032
1969 - $16,452,028
1968 - $16,074,028
1967 - $16,632,032
1966 - $16,443,034
1965 - $15,603,032
1964 - $15,393,032
1963 - $13,923,029
1962 - $12,642,026
1961 - $11,592,024
1960 - $12,012,025

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

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

GDP per capita in Lebanon vs Seychelles by year

Lebanon
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $17,859 $33,239
2023 $3,478 $12,575 $18,263 $31,781
2022 $3,654 $12,293 $16,837 $29,973
2021 $4,045 $11,600 $14,983 $29,980
2020 $5,561 $16,260 $14,041 $31,056
2019 $8,906 $21,710 $19,142 $34,219
2018 $9,175 $21,985 $18,440 $32,091
2017 $8,608 $20,964 $17,480 $30,675
2016 $8,089 $18,941 $16,567 $28,811
2015 $7,714 $17,046 $15,333 $25,435
2014 $7,578 $16,140 $15,188 $24,985
2013 $8,162 $16,316 $14,821 $22,487
2012 $8,407 $16,121 $12,337 $22,264
2011 $7,835 $14,975 $12,110 $21,781
2010 $7,626 $14,704 $10,935 $18,982
2009 $7,091 $13,586 $9,747 $18,453
2008 $5,912 $12,416 $11,265 $18,881
2007 $5,125 $11,356 $12,669 $19,473
2006 $4,635 $10,312 $12,783 $17,503
2005 $4,602 $10,020 $11,802 $15,846
2004 $4,601 $9,609 $10,828 $14,160
2003 $4,438 $8,914 $9,070 $14,142
2002 $4,291 $8,586 $8,864 $14,570
2001 $4,010 $8,289 $8,153 $14,615
2000 $3,987 $7,938 $8,064 $14,638
1999 $4,087 $7,793 $8,243 $13,853
1998 $4,125 $7,861 $8,210 $13,675
1997 $3,834 $7,632 $7,747 $13,458
1996 $3,393 $7,560 $7,004 $11,931
1995 $2,959 $6,796 $7,181 $10,809
1994 $2,468 $6,367 $6,975 $10,692
1993 $2,079 $5,871 $6,979 $11,020
1992 $1,559 $5,279 $6,520 $10,243
1991 $1,278 $4,527 $5,655 $9,387
1990 $790 $2,990 $5,642 $8,955
1989 $771 - $4,689 -
1988 $959 - $4,392 -
1987 - - $3,872 -
1986 - - $3,368 -
1985 - - $2,754 -
1984 - - $2,488 -
1983 - - $2,426 -
1982 - - $2,441 -
1981 - - $2,557 -
1980 - - $2,478 -
1979 - - $2,030 -
1978 - - $1,377 -
1977 - - $1,044 -
1976 - - $814 -
1975 - - $806 -
1974 - - $745 -
1973 - - $649 -
1972 - - $547 -
1971 - - $402 -
1970 - - $344 -
1969 - - $314 -
1968 - - $314 -
1967 - - $333 -
1966 - - $338 -
1965 - - $328 -
1964 - - $332 -
1963 - - $308 -
1962 - - $287 -
1961 - - $270.3 -
1960 - - $288.1 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while the Seychelles ranks 67th at $33,239.

Economic indicators

Lebanon Seychelles
Gross domestic product
$20.1B
2023
$2.17B
2024
GDP rank
128/197
2023
178/197
2024
GDP growth
-0.76%
2022-2023
3.47%
2023-2024
GDP per capita
$3,478
2023
$17,859
2024
GDP per capita rank
135/197
2023
63/197
2024
GDP per capita, PPP
$12,575
2023
$33,239
2024
GDP per capita PPP rank
123/197
2023
67/197
2024
Government debt
$38.7B
2023
$1.25B
2024
Debt-to-GDP ratio
163.8%
2024
57.6%
2024
Government debt per person
$6,704
2023
$10,288
2024
Government debt per person rank
70/185
2023
57/185
2024
Average annual personal income after taxes
$3,560
2026
$10,944
2026
Market capitalization of domestic companies
$10.6B
2021
$811M
2024
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
23.9%
2018
Income share by poorest 10%
2.8%
2022
2.6%
2018
Government expenditure, % of GDP
16.5%
2024
33.8%
2024
Consumer prices inflation
45.2%
2023-2024
0.31%
2023-2024
Central bank interest rate
20%
2023
1.75%
2024
Unemployment rate
11.3%
2019
2.59%
2024
Population
5906622
126311

Spending and national debt comparison by year

Lebanon
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Lebanon Seychelles
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 33.8% 57.6%
2023 14.9% 192.8% 32.9% 55.3%
2022 13.4% 244.6% 31.3% 60%
2021 10.9% 358% 38.8% 71%
2020 23.2% 148.7% 46.7% 77.4%
2019 31.3% 172.1% 31.7% 48.9%
2018 32.3% 155.1% 33% 51.3%
2017 30.6% 150% 34.3% 56.7%
2016 28.3% 146.4% 34.5% 62.8%
2015 26.7% 140.8% 31.5% 64.7%
2014 28.8% 138.4% 33.4% 70.4%
2013 28.9% 135.4% 37.8% 68.2%
2012 30.2% 131.1% 38.6% 80.1%
2011 28.8% 134.4% 36.4% 82.5%
2010 29.2% 136.8% 34.6% 82.2%
2009 32.1% 144.5% 32.1% 106.1%
2008 34.3% 161.5% 27% 192.1%
2007 35.2% 169.3% 41.9% 144%
2006 36.1% 183.3% 43.6% 135.1%
2005 31.4% 178.9% 39% 144.1%
2004 33.3% 169.5% 39.9% 163.2%
2003 36.4% 171.3% 44.6% 177%
2002 36.8% 163.1% 56.3% 195.9%
2001 38.9% 163.1% 46.8% 199.8%
2000 42.8% 148.1% 55.4% 177.8%
1999 35.6% 130.2% 56.1% 159.8%
1998 34.7% 108.2% 60.7% 161.2%
1997 40.5% 100.2% 54.7% 143%
1996 43.6% 101.2% 59.1% 146.7%
1995 31.1% 79.6% 53.1% 133.5%
1994 47.3% 71.5% 63.6% 123.5%
1993 23% 50.5% 60.4% 82.2%
1992 36.1% 51.7% 50.7% 79.9%
1991 35.6% 67.1% 52.1% 89.2%
1990 40% 99.7% 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1999, retrieved 2026-02-20).

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 57.6% in the Seychelles, ranking 6/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Seychelles
1x
Year Deficit/surplus, % of GDP
Lebanon Seychelles
2024 -0.19% -0.69%
2023 -1.7% -1.14%
2022 -7.77% -0.76%
2021 -2.67% -5.76%
2020 -7.37% -15.7%
2019 -10.5% 0.42%
2018 -11.3% -0.8%
2017 -8.65% -1.67%
2016 -8.88% 0.02%
2015 -7.48% 1.39%
2014 -6.22% 2.87%
2013 -8.82% 0.33%
2012 -8.43% 2.93%
2011 -5.94% 3.36%
2010 -7.47% 0.52%
2009 -8.1% 4.84%
2008 -9.86% 7.88%
2007 -10.9% -9.93%
2006 -10.6% -2.54%
2005 -8.57% 0.42%
2004 -9.83% 0.44%
2003 -14% 3.4%
2002 -16.2% -16.3%
2001 -21% -8.93%
2000 -23.9% -14.7%
1999 -16.7% -10.3%
1998 -17.3% -16.7%
1997 -24.5% -5.91%
1996 -25.7% -9.69%
1995 -13.6% -2.58%
1994 -29.1% -6.95%
1993 -7.19% -3.62%
1992 -24% 6.44%
1991 -19.5% 3.15%
1990 -30.2% 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/lebanon/seychelles | 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 the Seychelles' deficit of $25M, or 1.14% of GDP.

Over the past 34 years, Lebanon recorded a fiscal deficit in 34 of those years, while the Seychelles ran a deficit in 18 years. On average, Lebanon posted an annual deficit equal to 13.1% of GDP, compared to deficit of 2.46% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Lebanon

Seychelles
1x
Year Consumer prices inflation
Lebanon Seychelles
2024 45.2% 0.31%
2023 221.3% -1.04%
2022 171.2% 2.63%
2021 154.8% 9.77%
2020 84.9% 1.2%
2019 2.9% 1.81%
2018 6.1% 3.7%
2017 4.5% 2.86%
2016 -0.8% -1.02%
2015 -3.8% 4.04%
2014 1.1% 1.39%
2013 5.6% 4.34%
2012 6.6% 7.11%
2011 5% 2.56%
2010 4% -2.4%
2009 1.2% 31.8%
2008 10.7% 37%
2007 4.1% 5.32%
2006 4.1% -0.35%
2005 -1.4% 0.91%
2004 1.7% 3.86%
2003 1.3% 3.3%
2002 1.8% 0.18%
2001 -0.4% 5.97%
2000 -0.4% 6.27%
1999 0.2% 6.35%
1998 4.5% 2.58%
1997 7.7% 0.62%

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/seychelles | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 5.03% in the Seychelles. In 2024, inflation was 45.2% in Lebanon and 0.31% in the Seychelles.

Top exports between countries

Lebanon
Export category Export value
Machinery & equipment $286K
Textiles & consumer goods $129K
Chemicals & pharma $52K
Processed food, beverages & tobacco $29K
Metals $26K
Raw materials & minerals $6K
Miscellaneous $5K
Wood & paper products $5K
Seychelles
Export category Export value

Balance of trade

Lebanon Seychelles
Current account balance
-$5.64B
2023
-$176M
2024
Current account balance ranking
168/190
2023
97/190
2024
Current account balance, % of GDP
-28.1%
2023
-8.11%
2024
Goods imports
$16.7B
2023
$1.39B
2024
Goods exports
$3.85B
2023
$595M
2024
Service imports
$6.63B
2023
$1B
2024
Service exports
$7.92B
2023
$1.71B
2024
Imports of goods and services, % of GDP
73.7%
2023
103.2%
2024
Exports of goods and services, % of GDP
30.6%
2023
85.2%
2024

Economic freedom indices

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

Lebanon Seychelles
Economic freedom 43.1 66.5
Economic freedom ranking 183/197 60/197
Property rights 21.8 82.6
Government integrity 23.4 71.7
Judicial effectiveness 23.8 61.7
Tax burden 90.3 77.3
Government spending 93.3 68
Fiscal health 63.4 92.2
Business freedom 47.6 71.3
Labor freedom 48.4 52
Monetary freedom 0 79.8
Trade freedom 65.6 81.2
Investment freedom 20 30
Financial freedom 20 30

Economic freedom comparison by year

Lebanon
Seychelles
1x
Year Economic freedom index
Lebanon Seychelles
2026 43.1 66.5
2025 44.1 66.4
2024 48.3 60.4
2023 45.6 59.5
2022 47.3 61.1
2021 51.4 66.3
2020 51.7 64.3
2019 51.1 61.4
2018 53.2 61.6
2017 53.3 61.8
2016 59.5 62.2
2015 59.3 57.5
2014 59.4 56.2
2013 59.5 54.9
2012 60.1 53
2011 60.1 51.2
2010 59.5 47.9
2009 58.1 47.8
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/seychelles | CC BY

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Seychelles
Services, % of GDP
42.4%
2023
65.8%
2024
Industry, % of GDP
2.09%
2023
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
2.45%
2024
GNI, Atlas method
$21.4B
2023
$2.12B
2024
GNI per capita, PPP
$12,420
2023
$32,180
2024
Total reserves including gold
$33.3B
2024
$774M
2024
Total reserves ranking
54/177
2024
145/177
2024
Net foreign direct investment
-$583M
2023
-$262M
2024
Net inflows of foreign direct investment
$1.84B
2024
$226M
2024
Net outflows of foreign direct investment
$391M
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
22%
2023
n/a
Poverty at national poverty lines
27.4%
2012
25.3%
2018
Gross capital formation, % of GDP
1.9%
2023
17.2%
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/seychelles | CC BY

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1999, retrieved 2026-02-20)
  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.