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Economy of Lebanon vs South Africa compared: GDP & Debt

Updated on by Georank

Lebanon has a GDP of $26B compared to $427B for South Africa, ranking 121/197 and 40/197 by economy size, respectively.

Lebanon has $41B in government debt (139.4% of GDP), compared to $336B (78.6% of GDP) in South Africa.

Lebanon vs South Africa GDP by year

Lebanon
South Africa
1x
Year GDP, current $
Lebanon South Africa
2025 - $427,184,325,997
2024 $25,971,643,441 $401,144,998,374
2023 $20,078,620,357 $381,440,724,491
2022 $20,992,421,949 $407,596,043,068
2021 $23,131,941,557 $419,986,284,375
2020 $31,712,128,254 $337,974,655,408
2019 $51,605,959,131 $389,330,032,224
2018 $54,901,519,156 $405,260,723,893
2017 $53,027,680,686 $381,448,814,653
2016 $51,147,308,774 $323,585,509,674
2015 $49,929,337,837 $346,709,790,459
2014 $48,095,213,747 $381,198,869,776
2013 $46,880,103,081 $400,886,013,596
2012 $44,016,799,516 $434,400,545,086
2011 $39,927,125,962 $458,199,494,831
2010 $38,443,907,042 $417,363,822,802
2009 $35,399,582,929 $329,754,060,647
2008 $29,118,916,105 $316,131,258,616
2007 $24,827,355,015 $333,077,117,254
2006 $22,022,709,851 $303,858,675,364
2005 $21,497,336,499 $288,867,217,197
2004 $21,159,827,992 $255,806,908,595
2003 $20,082,918,740 $197,018,965,309
2002 $19,152,238,806 $129,087,556,612
2001 $17,649,751,244 $135,429,905,923
2000 $17,260,364,842 $151,752,757,215
1999 $17,391,056,369 $151,516,957,079
1998 $17,247,179,006 $152,982,984,557
1997 $15,751,867,489 $168,978,057,328
1996 $13,690,217,334 $163,234,925,381
1995 $11,718,795,529 $171,735,933,897
1994 $9,599,127,050 $153,512,712,382
1993 $7,941,744,492 $147,194,747,566
1992 $5,843,579,161 $146,956,150,987
1991 $4,690,415,093 $135,203,698,238
1990 $2,838,485,354 $126,048,140,142
1989 $2,717,998,688 $108,055,624,082
1988 $3,313,540,068 $103,976,831,871
1987 - $96,535,763,418
1986 - $73,354,771,399
1985 - $64,459,376,087
1984 - $84,870,163,366
1983 - $96,204,110,942
1982 - $85,904,057,409
1981 - $93,141,472,164
1980 - $89,411,864,402
1979 - $63,038,658,089
1978 - $51,607,412,902
1977 - $45,328,411,332
1976 - $41,150,460,288
1975 - $42,906,905,672
1974 - $41,389,186,095
1973 - $33,262,772,008
1972 - $24,515,919,217
1971 - $23,411,076,638
1970 - $21,218,391,513
1969 - $19,256,992,297
1968 - $17,124,793,150
1967 - $15,821,393,671
1966 - $14,211,394,315
1965 - $13,068,994,772
1964 - $11,955,995,218
1963 - $10,854,195,658
1962 - $9,813,996,074
1961 - $9,225,996,310
1960 - $8,748,596,501

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

GeoRank.org/economy/lebanon/south-africa | CC BY

GDP per capita in Lebanon vs South Africa by year

Lebanon
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $6,598 -
2024 $4,473 - $6,267 $15,456
2023 $3,478 $12,575 $6,034 $15,200
2022 $3,654 $12,293 $6,534 $14,749
2021 $4,045 $11,600 $6,829 $13,682
2020 $5,561 $16,260 $5,581 $12,671
2019 $8,906 $21,710 $6,534 $13,361
2018 $9,175 $21,985 $6,914 $13,347
2017 $8,608 $20,964 $6,618 $13,738
2016 $8,089 $18,941 $5,651 $13,519
2015 $7,714 $17,046 $6,112 $13,398
2014 $7,578 $16,140 $6,857 $13,359
2013 $8,162 $16,316 $7,332 $13,369
2012 $8,407 $16,121 $8,077 $12,987
2011 $7,835 $14,975 $8,646 $13,143
2010 $7,626 $14,704 $7,973 $12,637
2009 $7,091 $13,586 $6,375 $12,261
2008 $5,912 $12,416 $6,185 $12,525
2007 $5,125 $11,356 $6,592 $12,047
2006 $4,635 $10,312 $6,077 $11,250
2005 $4,602 $10,020 $5,837 $10,441
2004 $4,601 $9,609 $5,221 $9,714
2003 $4,438 $8,914 $4,062 $9,139
2002 $4,291 $8,586 $2,688 $8,792
2001 $4,010 $8,289 $2,847 $8,428
2000 $3,987 $7,938 $3,218 $8,095
1999 $4,087 $7,793 $3,242 $7,667
1998 $4,125 $7,861 $3,310 $7,463
1997 $3,834 $7,632 $3,700 $7,433
1996 $3,393 $7,560 $3,618 $7,208
1995 $2,959 $6,796 $3,856 $6,875
1994 $2,468 $6,367 $3,489 $6,611
1993 $2,079 $5,871 $3,400 $6,375
1992 $1,559 $5,279 $3,462 $6,275
1991 $1,278 $4,527 $3,243 $6,383
1990 $790 $2,990 $3,093 $6,382
1989 $771 - $2,727 -
1988 $959 - $2,702 -
1987 - - $2,586 -
1986 - - $2,027 -
1985 - - $1,839 -
1984 - - $2,504 -
1983 - - $2,938 -
1982 - - $2,717 -
1981 - - $3,050 -
1980 - - $3,029 -
1979 - - $2,202 -
1978 - - $1,852 -
1977 - - $1,671 -
1976 - - $1,559 -
1975 - - $1,670 -
1974 - - $1,656 -
1973 - - $1,369 -
1972 - - $1,038 -
1971 - - $1,020 -
1970 - - $952 -
1969 - - $891 -
1968 - - $817 -
1967 - - $779 -
1966 - - $722 -
1965 - - $685 -
1964 - - $646 -
1963 - - $605 -
1962 - - $563 -
1961 - - $546 -
1960 - - $532 -

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

GeoRank.org/economy/lebanon/south-africa | CC BY

Lebanon's GDP per capita is $4,473, ranking 129/197, compared to $6,598 in South Africa, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while South Africa ranks 112th at $15,456.

Economic indicators

Lebanon South Africa
Gross domestic product
$26B
2024
$427B
2025
GDP rank
121/197
2024
40/197
2025
GDP growth
-7.08%
2023-2024
1.11%
2024-2025
GDP per capita
$4,473
2024
$6,598
2025
GDP per capita rank
129/197
2024
109/197
2025
GDP per capita, PPP
$12,575
2023
$15,456
2024
GDP per capita PPP rank
123/197
2023
112/197
2024
Government debt
$41B
2024
$336B
2025
Debt-to-GDP ratio
139.4%
2025
78.6%
2025
Government debt per person
$7,061
2024
$5,189
2025
Government debt per person rank
71/185
2024
84/185
2025
Average annual personal income after taxes
$3,055
2026
$4,738
2026
Market capitalization of domestic companies
$10.6B
2021
$1.4T
2025
Number of millionaires n/a
97,000
2026
Number of billionaires
6
2026
7
2026
Income share by richest 10%
25.6%
2022
42.1%
2022
Income share by poorest 10%
2.8%
2022
1.4%
2022
Government expenditure, % of GDP
15.5%
2025
34.2%
2025
Consumer prices inflation
14.6%
2024-2025
3.21%
2024-2025
Central bank interest rate
20%
2023
7%
2026
Unemployment rate
11.3%
2019
32.3%
2024
Population
5921719
65829368

Spending and national debt comparison by year

Lebanon
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
Lebanon South Africa
Government spending Government debt Government spending Government debt
2025 15.5% 139.4% 34.2% 78.6%
2024 15.3% 157.9% 33% 76%
2023 14.3% 185.8% 32.5% 73.2%
2022 12.9% 235.9% 31.9% 70.7%
2021 10.5% 346% 32.7% 68.8%
2020 24.5% 157.2% 34.6% 68.9%
2019 31.3% 171.9% 31.4% 56.1%
2018 32.1% 154% 30.2% 51.5%
2017 30.7% 150.4% 29.9% 48.6%
2016 28.6% 147.9% 29.9% 47.1%
2015 26.7% 140.9% 30.2% 45.2%
2014 28.9% 138.5% 29.3% 43.3%
2013 28.9% 135.4% 28.9% 40.4%
2012 30.2% 131.1% 28.6% 37.4%
2011 28.8% 134.4% 28.1% 34.7%
2010 29.2% 136.8% 28.3% 31.2%
2009 32.1% 144.5% 28.5% 27%
2008 34.3% 161.5% 26% 24%
2007 35.2% 169.3% 24.4% 24.3%
2006 36.1% 183.3% 24.7% 28%
2005 31.4% 178.9% 25.1% 29.6%
2004 33.3% 169.5% 22.7% 30.7%
2003 36.4% 171.3% 22.6% 31.5%
2002 36.8% 163.1% 22.2% 31.8%
2001 38.9% 163.1% 22.6% 38%
2000 42.8% 148.1% 22.6% 37.9%
1999 35.6% 130.2% 26.7% 45.9%
1998 34.7% 108.2% 27.1% 45.8%
1997 40.5% 100.2% 27.9% 45.8%
1996 43.6% 101.2% 28.5% 44.3%
1995 31.1% 79.6% 27.2% 47%
1994 47.3% 71.5% 31.3% 46.4%
1993 23% 50.5% 29.1% 39.8%
1992 36.1% 51.7% 29.8% 34.8%
1991 35.6% 67.1% 27.8% 34.7%
1990 40% 99.7% 28.7% 31.8%
1989 - - 29.6% 33.3%
1988 - - 23.9% 30.6%
1987 - - 28% 33.5%
1986 - - 27.8% 32.5%
1985 - - 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 - - 26.5% 41.9%
1978 - - 26.8% 44.7%
1977 - - 27.3% 45.3%
1976 - - 23% 35%
1975 - - 21.2% 32.8%
1974 - - 19.1% 33.7%
1973 - - 21% 38.2%
1972 - - 22.9% 41.1%
1971 - - 19.9% 41.1%
1970 - - 20% 43.3%
1969 - - 18.8% 44.4%
1968 - - 19.4% 42.7%
1967 - - 18.8% 41.1%
1966 - - 18.3% 41.4%
1965 - - 18.2% 42.7%
1964 - - 11.3% 30%
1963 - - 15.9% 43.4%
1962 - - 15.9% 45.7%
1961 - - 15.7% 52.8%
1960 - - 16.7% 52.9%

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/south-africa | CC BY

In 2025, Lebanon's government spending was $3.98B, accounting for 15.5% of its GDP, while South Africa spent $146B, or 34.2% of GDP.

Debt-to-GDP ratio is 139.4% in Lebanon and 78.6% in South Africa, ranking 8/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

South Africa
1x
Year Deficit/surplus, % of GDP
Lebanon South Africa
2025 3.25% -5.78%
2024 0.39% -5.67%
2023 -1.64% -5.6%
2022 -7.49% -4.25%
2021 -2.57% -5.54%
2020 -7.79% -9.62%
2019 -10.5% -5.07%
2018 -11.2% -3.73%
2017 -8.68% -4.02%
2016 -8.98% -3.72%
2015 -7.49% -4.37%
2014 -6.22% -3.93%
2013 -8.83% -3.9%
2012 -8.43% -4.04%
2011 -5.94% -3.7%
2010 -7.47% -4.51%
2009 -8.1% -4.67%
2008 -9.86% -0.49%
2007 -10.9% 1.22%
2006 -10.6% 0.81%
2005 -8.57% -0.1%
2004 -9.83% -1.04%
2003 -14% -1.59%
2002 -16.2% -0.96%
2001 -21% -1.02%
2000 -23.9% -1.38%
1999 -16.7% -2.21%
1998 -17.3% -2.56%
1997 -24.5% -4.08%
1996 -25.7% -4.53%
1995 -13.6% -4.38%
1994 -29.1% -8.09%
1993 -7.19% -8.54%
1992 -24% -7.09%
1991 -19.5% -4.85%
1990 -30.2% -3.82%
1989 - -8.3%
1988 - -3.29%
1987 - -6.36%
1986 - -5.69%
1985 - -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lebanon/south-africa | 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 South Africa's deficit of $22.7B, or 5.67% of GDP.

Over the past 35 years, Lebanon recorded a fiscal deficit in 34 of those years, while South Africa ran a deficit in 33 years. On average, Lebanon posted an annual deficit equal to 12.7% of GDP, compared to deficit of 3.74% of GDP for South Africa.

Inflation comparison by year

Inflation
Lebanon

South Africa
1x
Year Consumer prices inflation
Lebanon South Africa
2025 14.6% 3.21%
2024 45.2% 4.36%
2023 221.3% 6.08%
2022 171.2% 7.04%
2021 154.8% 4.62%
2020 84.9% 3.23%
2019 2.9% 4.1%
2018 6.1% 4.51%
2017 4.4% 5.19%
2016 -0.8% 6.6%
2015 -3.7% 4.52%
2014 1.9% 6.13%
2013 4.8% 5.78%
2012 6.6% 5.74%
2011 5% 5%
2010 4% 4.07%
2009 1.2% 7.24%
2008 10.7% 9.91%
2007 4.1% 6.18%
2006 4.1% 3.24%
2005 -1.4% 2.06%
2004 1.7% -0.69%
2003 1.3% 5.68%
2002 1.8% 9.49%
2001 -0.4% 5.7%
2000 -0.4% 5.34%
1999 0.2% 5.18%
1998 4.5% 6.88%
1997 7.7% 8.6%

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/south-africa | CC BY

Over the past 29 years, Lebanon has recorded an average annual inflation rate of 26.1%, compared with 5.34% in South Africa. In 2025, inflation was 14.6% in Lebanon and 3.21% in South Africa.

Top exports between countries

Lebanon
Export category Export value
Raw agricultural goods $2.01M
Machinery & equipment $525K
Processed food, beverages & tobacco $190K
Textiles & consumer goods $187K
Miscellaneous $116K
Metals $47K
Chemicals & pharma $34K
Wood & paper products $17K
Precious metals & jewellery $10K
Animal & marine products $4K
South Africa
Export category Export value
Textiles & consumer goods $4.53M
Animal & marine products $2.28M
Raw agricultural goods $1.67M
Processed food, beverages & tobacco $1.22M
Chemicals & pharma $1M
Machinery & equipment $927K
Miscellaneous $457K
Wood & paper products $221K
Precious metals & jewellery $197K
Raw materials & minerals $104K

Balance of trade

Lebanon South Africa
Current account balance
-$5.64B
2023
-$1.81B
2025
Current account balance ranking
166/190
2023
135/190
2025
Current account balance, % of GDP
-28.1%
2023
-0.42%
2025
Goods imports
$16.7B
2023
$104B
2025
Goods exports
$3.85B
2023
$116B
2025
Service imports
$6.63B
2023
$21.8B
2025
Service exports
$7.92B
2023
$18.1B
2025
Imports of goods and services, % of GDP
58.9%
2024
29.5%
2025
Exports of goods and services, % of GDP
23.3%
2024
31.4%
2025

Economic freedom indices

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

Lebanon South Africa
Economic freedom 43.1 58.6
Economic freedom ranking 183/197 110/197
Property rights 21.8 48.8
Government integrity 23.4 46.7
Judicial effectiveness 23.8 64.6
Tax burden 90.3 65.4
Government spending 93.3 68.4
Fiscal health 63.4 45.3
Business freedom 47.6 67.9
Labor freedom 48.4 70.8
Monetary freedom 0 75.8
Trade freedom 65.6 68.8
Investment freedom 20 40
Financial freedom 20 40

Economic freedom comparison by year

Lebanon
South Africa
1x
Year Economic freedom index
Lebanon South Africa
2026 43.1 58.6
2025 44.1 57.3
2024 48.3 55.3
2023 45.6 55.7
2022 47.3 56.2
2021 51.4 59.7
2020 51.7 58.8
2019 51.1 58.3
2018 53.2 63
2017 53.3 62.3
2016 59.5 61.9
2015 59.3 62.6
2014 59.4 62.5
2013 59.5 61.8
2012 60.1 62.7
2011 60.1 62.7
2010 59.5 62.8
2009 58.1 63.8
2008 60 63.4
2007 60.4 63.5
2006 57.5 63.7
2005 57.2 62.9
2004 56.9 66.3
2003 56.7 67.1
2002 57.1 64
2001 61 63.8
2000 56.1 63.7
1999 59.1 63.3
1998 59 64.3
1997 63.9 63.2
1996 63.2 62.5
1995 - 60.7

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

GeoRank.org/economy/lebanon/south-africa | CC BY

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon South Africa
Services, % of GDP
35.7%
2024
63.1%
2025
Industry, % of GDP
2.63%
2024
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.05%
2024
2.83%
2025
GNI, Atlas method
$20.7B
2024
$406B
2025
GNI per capita, PPP
$11,790
2024
$15,600
2025
Total reserves including gold
$33.3B
2024
$76B
2025
Total reserves ranking
56/177
2024
35/177
2025
Net foreign direct investment
-$583M
2023
-$1.85B
2025
Net inflows of foreign direct investment
$1.84B
2024
$2.33B
2024
Net outflows of foreign direct investment
$391M
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI
9.68%
2024
5.74%
2024
Poverty at national poverty lines
27.4%
2012
37.9%
2022
Gross capital formation, % of GDP
1.44%
2024
13.9%
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/south-africa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.