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Economy of Lebanon vs Togo compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $9.93B for Togo, ranking 128/197 and 154/197 by economy size, respectively.

Lebanon has $38.6B in government debt (149.1% of GDP), compared to $7.01B (69.5% of GDP) in Togo.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Lebanon
GDP, current $

GDP, constant 2015 $
Togo
GDP, current $

GDP, constant 2015 $
Year GDP
Lebanon Togo
Current $ Constant $ Current $ Constant $
1960 - - $171,057,069 $751,799,549
1961 - - $178,497,098 $843,288,422
1962 - - $186,745,758 $875,111,200
1963 - - $202,305,865 $918,864,084
1964 - - $234,572,186 $1,050,133,111
1965 - - $264,505,506 $1,212,480,673
1966 - - $305,227,595 $1,326,559,573
1967 - - $327,215,844 $1,399,525,279
1968 - - $341,691,567 $1,469,833,116
1969 - - $378,091,810 $1,629,028,806
1970 - - $358,665,754 $1,670,150,423
1971 - - $404,648,368 $1,670,150,423
1972 - - $474,043,922 $1,797,502,024
1973 - - $574,030,984 $1,866,480,877
1974 - - $791,450,308 $1,956,685,082
1975 - - $871,781,687 $2,004,438,787
1976 - - $874,681,612 $1,963,317,272
1977 - - $1,097,893,826 $2,099,946,197
1978 - - $1,164,025,637 $2,331,894,379
1979 - - $1,259,365,712 $2,211,388,079
1980 - - $1,604,836,916 $2,533,741,149
1981 - - $1,359,026,709 $2,449,742,915
1982 - - $1,160,337,039 $2,361,983,262
1983 - - $1,081,387,265 $2,234,105,305
1984 - - $1,014,170,069 $2,358,222,255
1985 - - $1,076,604,520 $2,489,234,522
1986 - - $1,498,219,579 $2,528,726,335
1987 - - $1,763,978,066 $2,541,626,941
1988 $3,313,540,068 $13,590,690,652 $1,947,208,354 $2,710,451,200
1989 $2,717,998,688 $7,821,290,497 $1,910,635,575 $2,820,496,107
1990 $2,838,485,354 $9,896,526,026 $2,299,665,506 $2,813,623,795
1991 $4,690,415,093 $14,790,098,776 $2,262,767,860 $2,793,929,343
1992 $5,843,579,161 $17,221,346,343 $2,390,796,916 $2,682,711,766
1993 $7,941,744,492 $19,075,339,625 $1,741,944,426 $2,277,734,226
1994 $9,599,127,050 $20,621,442,059 $1,387,662,121 $2,618,993,805
1995 $11,718,795,529 $21,951,290,517 $1,849,110,468 $2,824,475,668
1996 $13,690,217,334 $24,428,699,054 $2,069,506,014 $3,074,052,315
1997 $15,751,867,489 $24,686,413,686 $2,116,818,623 $3,516,020,423
1998 $17,247,179,006 $25,591,349,425 $2,241,650,112 $3,435,156,293
1999 $17,391,056,369 $25,456,845,224 $2,226,577,204 $3,520,408,334
2000 $17,260,364,842 $25,798,443,406 $2,106,848,752 $3,492,826,653
2001 $17,649,751,244 $26,789,018,311 $2,093,498,674 $3,521,587,941
2002 $19,152,238,806 $27,706,046,545 $2,410,199,032 $3,656,345,820
2003 $20,082,918,740 $28,600,147,894 $2,987,984,051 $3,902,058,527
2004 $21,159,827,992 $30,510,478,932 $3,191,561,509 $3,863,870,433
2005 $21,497,336,499 $31,329,923,063 $3,221,910,408 $3,683,570,671
2006 $22,022,709,851 $31,815,384,921 $3,320,907,722 $3,781,190,160
2007 $24,827,355,015 $34,777,595,316 $3,759,964,943 $3,736,756,623
2008 $29,118,916,105 $37,931,620,044 $4,578,849,658 $3,887,558,865
2009 $35,399,582,929 $41,812,842,420 $4,721,890,900 $4,099,579,483
2010 $38,443,907,042 $45,147,473,284 $4,746,389,532 $4,339,583,325
2011 $39,927,125,962 $45,539,055,324 $5,422,442,166 $4,592,288,208
2012 $44,016,799,516 $46,707,037,069 $5,413,544,658 $4,881,726,147
2013 $46,880,103,081 $48,494,923,363 $6,021,732,977 $5,166,050,855
2014 $48,095,213,747 $49,699,566,407 $6,393,318,262 $5,457,066,909
2015 $49,929,337,837 $49,929,337,837 $5,755,461,035 $5,755,461,035
2016 $51,147,308,774 $50,705,514,063 $6,071,170,959 $5,998,047,710
2017 $53,027,680,686 $51,163,399,288 $6,387,422,518 $6,238,457,455
2018 $54,901,519,156 $50,199,119,756 $7,029,300,383 $6,537,595,250
2019 $51,605,959,131 $46,727,888,411 $6,992,700,101 $6,859,436,221
2020 $31,712,128,254 $36,728,167,163 $7,400,284,168 $6,996,086,824
2021 $23,131,941,557 $34,156,740,537 $8,342,243,646 $7,415,213,718
2022 $20,992,421,949 $33,944,395,264 $8,169,476,149 $7,842,296,104
2023 $20,078,620,357 $33,686,219,465 $9,171,261,838 $8,344,824,334
2024 - - $9,925,732,120 $8,787,100,467

Economic indicators

Lebanon Togo
Gross domestic product
$20.1B
2023
$9.93B
2024
GDP rank
128/197
2023
154/197
2024
GDP growth
-4.35%
2022-2023
8.23%
2023-2024
GDP per capita
$3,478
2023
$1,043
2024
GDP per capita rank
135/197
2023
174/197
2024
GDP per capita, PPP
$12,575
2023
$3,239
2024
Government debt
$38.6B
2023
$7.01B
2024
Debt-to-GDP ratio
149.1%
2025
69.5%
2025
Government debt per person
$6,680
2023
$737
2024
Government debt per person rank
70/185
2023
153/185
2024
Average annual personal income after taxes
$3,779
2025
$1,736
2025
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
29.6%
2021
Income share by poorest 10%
2.8%
2022
2.8%
2021
Government expenditure, % of GDP
18.3%
2025
21.6%
2025
Consumer prices inflation
45.2%
2023-2024
2.86%
2023-2024
Central bank interest rate
20%
2023
n/a
Unemployment rate
11.3%
2019
1.97%
2022
Population
5888008
9889741

GDP per capita in Lebanon vs Togo

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $1,043 in Togo, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 121st at $12,575, while Togo ranks 176th at $3,239.

Lebanon
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
Year Current $
Lebanon Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $102.2 -
1961 - - $104.8 -
1962 - - $107.8 -
1963 - - $114.6 -
1964 - - $130.1 -
1965 - - $142.7 -
1966 - - $159.1 -
1967 - - $163.9 -
1968 - - $164.3 -
1969 - - $174.7 -
1970 - - $159.8 -
1971 - - $174.6 -
1972 - - $198.8 -
1973 - - $234.4 -
1974 - - $315 -
1975 - - $339 -
1976 - - $332 -
1977 - - $406 -
1978 - - $421 -
1979 - - $443 -
1980 - - $549 -
1981 - - $451 -
1982 - - $372 -
1983 - - $336 -
1984 - - $304 -
1985 - - $313 -
1986 - - $422 -
1987 - - $482 -
1988 $959 - $517 -
1989 $771 - $492 -
1990 $790 $2,990 $575 $1,110
1991 $1,278 $4,527 $550 $1,107
1992 $1,559 $5,279 $565 $1,057
1993 $2,079 $5,871 $414 $925
1994 $2,468 $6,367 $329 $1,082
1995 $2,959 $6,796 $419 $1,140
1996 $3,393 $7,560 $452 $1,218
1997 $3,834 $7,632 $448 $1,373
1998 $4,125 $7,861 $461 $1,318
1999 $4,087 $7,793 $445 $1,332
2000 $3,987 $7,938 $410 $1,315
2001 $4,010 $8,289 $397 $1,320
2002 $4,291 $8,586 $445 $1,357
2003 $4,438 $8,914 $538 $1,440
2004 $4,601 $9,609 $560 $1,427
2005 $4,602 $10,020 $551 $1,368
2006 $4,635 $10,312 $553 $1,407
2007 $5,125 $11,356 $608 $1,387
2008 $5,912 $12,416 $719 $1,429
2009 $7,091 $13,586 $721 $1,474
2010 $7,626 $14,704 $705 $1,537
2011 $7,835 $14,975 $784 $1,616
2012 $8,407 $16,121 $762 $1,645
2013 $8,162 $16,316 $827 $1,715
2014 $7,578 $16,140 $856 $1,803
2015 $7,714 $17,046 $751 $1,880
2016 $8,089 $18,941 $773 $1,933
2017 $8,608 $20,964 $793 $1,986
2018 $9,175 $21,985 $851 $2,067
2019 $8,906 $21,710 $826 $2,215
2020 $5,561 $16,260 $854 $2,357
2021 $4,045 $11,600 $940 $2,577
2022 $3,654 $12,293 $899 $2,852
2023 $3,478 $12,575 $986 $3,072
2024 - - $1,043 $3,239

Spending and national debt comparison

In 2024, Lebanon's government spending was $2.67B, accounting for 18.3% of its GDP, while Togo's spent $2.35B, or 21.6% of GDP.

Debt-to-GDP ratio is 149.1% in Lebanon and 69.5% in Togo, ranking 6/185 and 56/185, respectively.

Lebanon
Government spending

Government debt
Togo
Government spending

Government debt
Year % of GDP
Lebanon Togo
Government spending Government debt Government spending Government debt
1989 - - 16.9% 46.3%
1990 40% 99.7% 16.8% 44.7%
1991 35.6% 67.1% 14.6% 46.9%
1992 36.1% 51.7% 12.6% 45%
1993 23% 50.5% 14.8% 58.3%
1994 47.3% 71.5% 13.2% 79%
1995 31.1% 79.6% 12.7% 64.8%
1996 43.6% 101.2% 12.4% 60.4%
1997 40.5% 100.2% 10.6% 54.4%
1998 34.7% 108.2% 12.8% 62.8%
1999 35.6% 130.2% 11.9% 59.9%
2000 42.8% 148.1% 11.9% 66.5%
2001 38.9% 163.1% 10.9% 68.5%
2002 36.8% 163.1% 8.42% 54.8%
2003 36.4% 171.3% 8.88% 50%
2004 33.3% 169.5% 10.6% 48.7%
2005 31.4% 178.9% 13.3% 63.1%
2006 36.1% 183.3% 14.7% 67.7%
2007 35.2% 169.3% 13.7% 70.5%
2008 34.3% 161.5% 12.4% 67.3%
2009 32.1% 144.5% 14.3% 57.6%
2010 29.2% 136.8% 15.1% 33.5%
2011 28.8% 134.4% 18.2% 33.8%
2012 30.2% 131.1% 19.1% 34.3%
2013 28.9% 135.4% 20.5% 41.1%
2014 28.8% 138.4% 21.9% 44.9%
2015 26.7% 140.8% 22.9% 52.4%
2016 28.3% 146.4% 22.9% 59.9%
2017 30.6% 150% 16.3% 57.1%
2018 32.3% 155.1% 18.8% 58%
2019 31.3% 172.1% 16.6% 54.9%
2020 23% 148.7% 23.7% 62.2%
2021 10.2% 361% 21.8% 64.9%
2022 12.2% 246.5% 26% 67.4%
2023 13.3% 192.1% 26.6% 68%
2024 16.1% 164.1% 23.7% 70.6%
2025 18.3% 149.1% 21.6% 69.5%

Government deficit by year

In 2023, Lebanon's government deficit, the difference between spending and revenue, was -$21.1M, equivalent to -0.11% of GDP. This compares to Togo's deficit of -$617M, or -6.73% of GDP.

Over the past 34 years, Lebanon recorded a fiscal deficit in 34 of those years, while Togo ran a deficit in 31 years. On average, Lebanon posted an annual deficit equal to -12.9% of GDP, compared to deficit of -3.16% of GDP for Togo.

Deficit/surplus
Lebanon

Togo
Year Deficit/surplus, % of GDP
Lebanon Togo
1989 - -2.18%
1990 -30.2% -1.65%
1991 -19.5% -3.52%
1992 -24% -2.27%
1993 -7.19% -8.46%
1994 -29.1% -5.37%
1995 -13.6% -2.97%
1996 -25.7% -3.26%
1997 -24.5% -0.98%
1998 -17.3% -3.25%
1999 -16.7% -1.76%
2000 -23.9% -3.45%
2001 -21% -0.72%
2002 -16.2% -0.28%
2003 -14% 1.43%
2004 -9.83% 0.61%
2005 -8.57% -1.67%
2006 -10.6% -1.94%
2007 -10.9% -1.83%
2008 -9.86% -0.59%
2009 -8.1% -2.63%
2010 -7.47% -1.66%
2011 -5.94% -4.48%
2012 -8.43% -4.63%
2013 -8.82% -5.08%
2014 -6.22% -7.11%
2015 -7.48% -7.04%
2016 -8.88% -7.02%
2017 -8.65% -0.21%
2018 -11.3% -0.59%
2019 -10.5% 1.67%
2020 -7.15% -7.05%
2021 -1.98% -4.65%
2022 -6.5% -8.33%
2023 -0.11% -6.73%
2024 0.36% -4.88%
2025 0.01% -2.97%

Inflation comparison by year

Over the past 29 years, Lebanon has recorded an average annual inflation rate of 26%, compared with 2.79% in Togo. In 2024, inflation was 45.2% in Lebanon and 2.86% in Togo.

Inflation
Lebanon

Togo
Year Inflation
Lebanon Togo Lebanon Togo
1996 8.9% 4.69%
1997 7.7% 8.25%
1998 4.5% 0.98%
1999 0.2% -0.05%
2000 -0.4% 1.86%
2001 -0.4% 3.92%
2002 1.8% 3.06%
2003 1.3% -0.93%
2004 1.7% 0.39%
2005 -1.4% 6.78%
2006 4.1% 2.23%
2007 4.1% 0.95%
2008 10.7% 8.69%
2009 1.2% 3.71%
2010 4% 1.45%
2011 5% 3.56%
2012 6.6% 2.58%
2013 5.6% 1.83%
2014 1.1% 0.19%
2015 -3.8% 2.59%
2016 -0.8% 1.29%
2017 4.5% -0.98%
2018 6.1% 0.93%
2019 2.9% 0.67%
2020 84.9% 1.7%
2021 154.8% 4.19%
2022 171.2% 7.97%
2023 221.3% 5.49%
2024 45.2% 2.86%

Top exports between countries

Lebanon
Export category Export value
Machinery & equipment $3.2M
Chemicals & pharma $1.5M
Processed food, beverages & tobacco $1.47M
Textiles & consumer goods $1.23M
Metals $1.12M
Wood & paper products $810K
Raw materials & minerals $192K
Raw agricultural goods $145K
Precious metals & jewellery $63K
Miscellaneous $62K
Togo
Export category Export value
Textiles & consumer goods $354K
Raw agricultural goods $162K
Chemicals & pharma $95K
Machinery & equipment $32K
Wood & paper products $1K

Balance of trade

Lebanon Togo
Current account balance
-$5.64B
2023
-$20.7M
2020
Current account balance ranking
168/189
2023
75/189
2020
Current account balance, % of GDP
-28.1%
2023
-0.28%
2020
Goods imports
$16.7B
2023
$1.95B
2020
Goods exports
$3.85B
2023
$1.21B
2020
Service imports
$6.63B
2023
$438M
2020
Service exports
$7.92B
2023
$514M
2020
Imports of goods and services, % of GDP
73.7%
2023
38.1%
2024
Exports of goods and services, % of GDP
30.6%
2023
24.4%
2024

Economic freedom indices

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

Lebanon Togo
Economic freedom 44.1 52.3
Economic freedom ranking 181/197 147/197
Property rights 22.3 37
Government integrity 24.5 31.6
Judicial effectiveness 22.6 37.1
Tax burden 90.3 70.5
Government spending 95.6 81.6
Fiscal health 63.6 21.7
Business freedom 47.8 59.9
Labor freedom 57.1 51.9
Monetary freedom 0 69.8
Trade freedom 65.4 66.8
Investment freedom 20 60
Financial freedom 20 40

Economic freedom by year comparison

The Economic Freedom Index for Lebanon is 44.1, ranking 181/197, compared to 52.3 for Togo, ranking 147/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Lebanon
Togo
Year Economic freedom index
Lebanon Togo
1996 63.2 -
1997 63.9 -
1998 59 -
1999 59.1 48.2
2000 56.1 46.4
2001 61 45.3
2002 57.1 45.2
2003 56.7 46.8
2004 56.9 47
2005 57.2 48.2
2006 57.5 47.3
2007 60.4 49.7
2008 60 48.9
2009 58.1 48.7
2010 59.5 47.1
2011 60.1 49.1
2012 60.1 48.3
2013 59.5 48.8
2014 59.4 49.9
2015 59.3 53
2016 59.5 53.6
2017 53.3 53.2
2018 53.2 47.8
2019 51.1 50.3
2020 51.7 54.1
2021 51.4 57.5
2022 47.3 57.2
2023 45.6 55.3
2024 48.3 50.9
2025 44.1 52.3

More economic indicators

Lebanon Togo
Services, % of GDP
42.4%
2023
52%
2024
Industry, % of GDP
2.09%
2023
20%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
18%
2024
GNI, Atlas method
$21.6B
2023
$9.6B
2024
GNI per capita, PPP
$12,530
2023
$3,250
2024
Total reserves including gold
$33.3B
2024
n/a
Total reserves ranking
54/177
2024
n/a
Net foreign direct investment
-$583M
2023
-$53.1M
2020
Net inflows of foreign direct investment
$1.84B
2024
$83.8M
2024
Net outflows of foreign direct investment
$391M
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI
21.8%
2023
2.8%
2023
Poverty at national poverty lines
27.4%
2012
43.8%
2021
Gross capital formation, % of GDP
1.9%
2023
22.3%
2024

GDP per capita map

GDP per capita

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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.