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Economy of Lebanon vs Tanzania compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $78.8B for Tanzania, ranking 128/197 and 82/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Lebanon vs Tanzania GDP by year

Lebanon
Tanzania
1x
Year GDP, current $
Lebanon Tanzania
2024 - $78,844,405,385
2023 $20,078,620,357 $79,030,935,627
2022 $20,992,421,949 $75,749,121,843
2021 $23,131,941,557 $70,655,628,148
2020 $31,712,128,254 $66,068,737,786
2019 $51,605,959,131 $61,026,731,926
2018 $54,901,519,156 $57,003,712,892
2017 $53,027,680,686 $53,274,884,533
2016 $51,147,308,774 $49,774,409,374
2015 $49,929,337,837 $47,413,919,817
2014 $48,095,213,747 $49,986,726,461
2013 $46,880,103,081 $45,648,857,242
2012 $44,016,799,516 $39,650,394,363
2011 $39,927,125,962 $34,657,140,096
2010 $38,443,907,042 $32,012,892,919
2009 $35,399,582,929 $29,400,573,554
2008 $29,118,916,105 $27,947,821,398
2007 $24,827,355,015 $21,860,434,823
2006 $22,022,709,851 $18,619,859,795
2005 $21,497,336,499 $18,395,383,647
2004 $21,159,827,992 $16,673,062,473
2003 $20,082,918,740 $15,211,487,709
2002 $19,152,238,806 $14,129,651,896
2001 $17,649,751,244 $13,563,990,022
2000 $17,260,364,842 $13,371,767,082
1999 $17,391,056,369 $12,704,334,196
1998 $17,247,179,006 $12,172,790,056
1997 $15,751,867,489 $11,158,197,942
1996 $13,690,217,334 $9,433,528,150
1995 $11,718,795,529 $7,631,431,840
1994 $9,599,127,050 $6,550,480,484
1993 $7,941,744,492 $6,182,872,708
1992 $5,843,579,161 $6,681,997,469
1991 $4,690,415,093 $7,197,768,159
1990 $2,838,485,354 $6,184,384,225
1989 $2,717,998,688 $6,418,799,007
1988 $3,313,540,068 $7,406,614,407
1987 - $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

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

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

GDP per capita in Lebanon vs Tanzania by year

Lebanon
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,150 $4,221
2023 $3,478 $12,575 $1,186 $4,019
2022 $3,654 $12,293 $1,171 $3,800
2021 $4,045 $11,600 $1,125 $3,493
2020 $5,561 $16,260 $1,084 $3,291
2019 $8,906 $21,710 $1,031 $2,982
2018 $9,175 $21,985 $992 $2,728
2017 $8,608 $20,964 $957 $2,472
2016 $8,089 $18,941 $925 $2,435
2015 $7,714 $17,046 $911 $2,317
2014 $7,578 $16,140 $993 $2,221
2013 $8,162 $16,316 $935 $2,176
2012 $8,407 $16,121 $837 $2,083
2011 $7,835 $14,975 $753 $2,211
2010 $7,626 $14,704 $715 $2,069
2009 $7,091 $13,586 $674 $1,972
2008 $5,912 $12,416 $657 $1,908
2007 $5,125 $11,356 $528 $1,820
2006 $4,635 $10,312 $462 $1,707
2005 $4,602 $10,020 $469 $1,598
2004 $4,601 $9,609 $438 $1,482
2003 $4,438 $8,914 $410 $1,379
2002 $4,291 $8,586 $391 $1,302
2001 $4,010 $8,289 $385 $1,229
2000 $3,987 $7,938 $390 $1,164
1999 $4,087 $7,793 $382 $1,120
1998 $4,125 $7,861 $375 $1,082
1997 $3,834 $7,632 $353 $1,059
1996 $3,393 $7,560 $305 $1,026
1995 $2,959 $6,796 $251.2 $981
1994 $2,468 $6,367 $222.5 $958
1993 $2,079 $5,871 $218.2 $959
1992 $1,559 $5,279 $243.4 $955
1991 $1,278 $4,527 $268.8 $952
1990 $790 $2,990 $236.9 $925
1989 $771 - $252.3 -
1988 $959 - $299 -
1987 - - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Tanzania ranks 165th at $4,221.

Economic indicators

Lebanon Tanzania
Gross domestic product
$20.1B
2023
$78.8B
2024
GDP rank
128/197
2023
82/197
2024
GDP growth
-0.76%
2022-2023
5.53%
2023-2024
GDP per capita
$3,478
2023
$1,150
2024
GDP per capita rank
135/197
2023
170/197
2024
GDP per capita, PPP
$12,575
2023
$4,221
2024
GDP per capita PPP rank
123/197
2023
165/197
2024
Government debt
$38.7B
2023
$39.3B
2024
Debt-to-GDP ratio
163.8%
2024
49.9%
2024
Government debt per person
$6,704
2023
$573
2024
Government debt per person rank
70/185
2023
160/185
2024
Average annual personal income after taxes
$3,560
2026
$2,309
2026
Market capitalization of domestic companies
$10.6B
2021
$7.32B
2024
Number of billionaires
6
2025
1
2025
Income share by richest 10%
25.1%
2022
33.1%
2018
Income share by poorest 10%
2.8%
2022
2.9%
2018
Government expenditure, % of GDP
16.5%
2024
19.1%
2024
Consumer prices inflation
45.2%
2023-2024
3.06%
2023-2024
Central bank interest rate
20%
2023
6%
2024
Unemployment rate
11.3%
2019
2.43%
2024
Population
5906622
73145892

Spending and national debt comparison by year

Lebanon
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Lebanon Tanzania
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 19.1% 49.9%
2023 14.9% 192.8% 19% 47.8%
2022 13.4% 244.6% 19.1% 44.9%
2021 10.9% 358% 18.4% 43.4%
2020 23.2% 148.7% 17.4% 41.3%
2019 31.3% 172.1% 17.3% 40.4%
2018 32.3% 155.1% 17.3% 42%
2017 30.6% 150% 16.4% 40.1%
2016 28.3% 146.4% 16.9% 39.8%
2015 26.7% 140.8% 17.2% 39.5%
2014 28.8% 138.4% 17.3% 36.4%
2013 28.9% 135.4% 18.8% 32.7%
2012 30.2% 131.1% 19.6% 30%
2011 28.8% 134.4% 19% 28.4%
2010 29.2% 136.8% 19.8% 27.6%
2009 32.1% 144.5% 19.6% 23.9%
2008 34.3% 161.5% 18.1% 21.6%
2007 35.2% 169.3% 17.8% 23.8%
2006 36.1% 183.3% 17.6% 17.4%
2005 31.4% 178.9% 18.3% 25.4%
2004 33.3% 169.5% 17% 44.5%
2003 36.4% 171.3% 15.4% 44.4%
2002 36.8% 163.1% 13.6% 47.4%
2001 38.9% 163.1% 12.4% 50.8%
2000 42.8% 148.1% 12.3% 55.4%
1999 35.6% 130.2% 12.8% 62.9%
1998 34.7% 108.2% 11.4% 62.2%
1997 40.5% 100.2% 12.8% 73.4%
1996 43.6% 101.2% 13.4% 89.6%
1995 31.1% 79.6% 15.6% 111.1%
1994 47.3% 71.5% 16.8% 126%
1993 23% 50.5% 16.4% 129.2%
1992 36.1% 51.7% 17.6% 117.6%
1991 35.6% 67.1% 14.2% 106.5%
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 (1990–2000, retrieved 2026-02-20).

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 49.9% in Tanzania, ranking 6/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Tanzania
1x
Year Deficit/surplus, % of GDP
Lebanon Tanzania
2024 -0.19% -3.03%
2023 -1.7% -3.67%
2022 -7.77% -3.92%
2021 -2.67% -3.55%
2020 -7.37% -2.56%
2019 -10.5% -2.06%
2018 -11.3% -2.01%
2017 -8.65% -1.14%
2016 -8.88% -2.08%
2015 -7.48% -3.17%
2014 -6.22% -2.91%
2013 -8.82% -3.76%
2012 -8.43% -4%
2011 -5.94% -3.51%
2010 -7.47% -4.74%
2009 -8.1% -4.46%
2008 -9.86% -1.92%
2007 -10.9% -1.44%
2006 -10.6% -3.38%
2005 -8.57% -3.28%
2004 -9.83% -2.43%
2003 -14% -1.77%
2002 -16.2% -0.73%
2001 -21% -0.41%
2000 -23.9% -0.73%
1999 -16.7% -1.14%
1998 -17.3% 0.13%
1997 -24.5% -0.03%
1996 -25.7% 1.57%
1995 -13.6% -2.12%
1994 -29.1% -3.74%
1993 -7.19% -2.02%
1992 -24% -4.96%
1991 -19.5% 0.6%
1990 -30.2% -

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

GeoRank.org/economy/lebanon/tanzania | 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 Tanzania's deficit of $2.9B, or 3.67% of GDP.

Over the past 33 years, Lebanon recorded a fiscal deficit in 33 of those years, while Tanzania ran a deficit in 30 years. On average, Lebanon posted an annual deficit equal to 12.5% of GDP, compared to deficit of 2.28% of GDP for Tanzania.

Inflation comparison by year

Inflation
Lebanon

Tanzania
1x
Year Consumer prices inflation
Lebanon Tanzania
2024 45.2% 3.06%
2023 221.3% 3.8%
2022 171.2% 4.35%
2021 154.8% 3.69%
2020 84.9% 3.29%
2019 2.9% 3.46%
2018 6.1% 3.49%
2017 4.5% 5.32%
2016 -0.8% 5.17%
2015 -3.8% 5.59%
2014 1.1% 6.13%
2013 5.6% 7.87%
2012 6.6% 16%
2011 5% 12.7%
2010 4% 6.2%
2009 1.2% 12.1%
2008 10.7% 10.3%
2007 4.1% 7.03%
2006 4.1% 7.25%
2005 -1.4% 5.03%
2004 1.7% 4.74%
2003 1.3% 5.3%
2002 1.8% 5.32%
2001 -0.4% 5.15%
2000 -0.4% 5.92%
1999 0.2% 7.89%
1998 4.5% 12.8%
1997 7.7% 16.1%

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/tanzania | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 6.97% in Tanzania. In 2024, inflation was 45.2% in Lebanon and 3.06% in Tanzania.

Top exports between countries

Lebanon
Export category Export value
Machinery & equipment $3.82M
Metals $2.05M
Chemicals & pharma $1.22M
Textiles & consumer goods $373K
Processed food, beverages & tobacco $291K
Raw agricultural goods $109K
Raw materials & minerals $77K
Wood & paper products $45K
Animal & marine products $21K
Miscellaneous $11K
Tanzania
Export category Export value
Processed food, beverages & tobacco $2.42M
Raw agricultural goods $1.94M
Animal & marine products $444K
Metals $71K
Raw materials & minerals $45K
Wood & paper products $38K
Miscellaneous $22K
Precious metals & jewellery $17K
Machinery & equipment $7K
Textiles & consumer goods $7K

Balance of trade

Lebanon Tanzania
Current account balance
-$5.64B
2023
-$2.38B
2024
Current account balance ranking
168/190
2023
147/190
2024
Current account balance, % of GDP
-28.1%
2023
-3.02%
2024
Goods imports
$16.7B
2023
$14.2B
2024
Goods exports
$3.85B
2023
$9.12B
2024
Service imports
$6.63B
2023
$2.8B
2024
Service exports
$7.92B
2023
$6.85B
2024
Imports of goods and services, % of GDP
73.7%
2023
21.7%
2024
Exports of goods and services, % of GDP
30.6%
2023
19.8%
2024

Economic freedom indices

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

Lebanon Tanzania
Economic freedom 43.1 59
Economic freedom ranking 183/197 106/197
Property rights 21.8 45.2
Government integrity 23.4 40.9
Judicial effectiveness 23.8 29.6
Tax burden 90.3 80.4
Government spending 93.3 89.1
Fiscal health 63.4 75
Business freedom 47.6 48.1
Labor freedom 48.4 62.3
Monetary freedom 0 73.4
Trade freedom 65.6 58.8
Investment freedom 20 55
Financial freedom 20 50

Economic freedom comparison by year

Lebanon
Tanzania
1x
Year Economic freedom index
Lebanon Tanzania
2026 43.1 59
2025 44.1 59.3
2024 48.3 59.1
2023 45.6 60
2022 47.3 59.5
2021 51.4 61.3
2020 51.7 61.7
2019 51.1 60.2
2018 53.2 59.9
2017 53.3 58.6
2016 59.5 58.5
2015 59.3 57.5
2014 59.4 57.8
2013 59.5 57.9
2012 60.1 57
2011 60.1 57
2010 59.5 58.3
2009 58.1 58.3
2008 60 56.5
2007 60.4 56.8
2006 57.5 58.5
2005 57.2 56.3
2004 56.9 60.1
2003 56.7 56.9
2002 57.1 58.3
2001 61 54.9
2000 56.1 56
1999 59.1 60
1998 59 59.6
1997 63.9 59.3
1996 63.2 57.5
1995 - 57.3

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Tanzania
Services, % of GDP
42.4%
2023
29.6%
2024
Industry, % of GDP
2.09%
2023
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
23.3%
2024
GNI, Atlas method
$21.4B
2023
$80.2B
2024
GNI per capita, PPP
$12,420
2023
$4,130
2024
Total reserves including gold
$33.3B
2024
$5.05B
2018
Total reserves ranking
54/177
2024
101/177
2018
Net foreign direct investment
-$583M
2023
-$1.72B
2024
Net inflows of foreign direct investment
$1.84B
2024
$1.72B
2024
Net outflows of foreign direct investment
$391M
2024
$0
2024
Servicing debt to the IMF, % of GNI
22%
2023
2.57%
2024
Poverty at national poverty lines
27.4%
2012
26.4%
2018
Gross capital formation, % of GDP
1.9%
2023
39.8%
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/tanzania | 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 (1995–2026, 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 (1990–2000, retrieved 2026-02-20)
  6. TradeMap (2020–2024, 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.