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Economy of Lebanon vs Vatican compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $19.8M for the Vatican, ranking 128/197 and 197/197 by economy size, respectively.

Lebanon vs Vatican GDP by year

Lebanon
Vatican
1x
Year GDP, current $
Lebanon Vatican
2023 $20,078,620,357 -
2022 $20,992,421,949 -
2021 $23,131,941,557 -
2020 $31,712,128,254 -
2019 $51,605,959,131 -
2018 $54,901,519,156 -
2017 $53,027,680,686 -
2016 $51,147,308,774 -
2015 $49,929,337,837 -
2014 $48,095,213,747 -
2013 $46,880,103,081 -
2012 $44,016,799,516 -
2011 $39,927,125,962 -
2010 $38,443,907,042 -
2009 $35,399,582,929 -
2008 $29,118,916,105 -
2007 $24,827,355,015 -
2006 $22,022,709,851 -
2005 $21,497,336,499 -
2004 $21,159,827,992 -
2003 $20,082,918,740 -
2002 $19,152,238,806 -
2001 $17,649,751,244 -
2000 $17,260,364,842 -
1999 $17,391,056,369 -
1998 $17,247,179,006 -
1997 $15,751,867,489 -
1996 $13,690,217,334 -
1995 $11,718,795,529 -
1994 $9,599,127,050 -
1993 $7,941,744,492 -
1992 $5,843,579,161 -
1991 $4,690,415,093 -
1990 $2,838,485,354 -
1989 $2,717,998,688 -
1988 $3,313,540,068 -

Data sources: World Bank | Economy & Growth (1988–2023, retrieved 2026-04-06).

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

Economic indicators

Lebanon Vatican
Gross domestic product
$20.1B
2023
$19.8M
2025
GDP rank
128/197
2023
197/197
2025
GDP growth
-0.76%
2022-2023
n/a
GDP per capita
$3,478
2023
$19,800
2025
GDP per capita rank
135/197
2023
59/197
2025
GDP per capita, PPP
$12,575
2023
$39,191
2025
GDP per capita PPP rank
123/197
2023
59/197
2025
Government debt
$38.7B
2023
n/a
Debt-to-GDP ratio
163.8%
2024
n/a
Government debt per person
$6,704
2023
n/a
Government debt per person rank
70/185
2023
n/a
Average annual personal income after taxes
$3,560
2026
$18,169
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
n/a
Income share by poorest 10%
2.8%
2022
n/a
Government expenditure, % of GDP
16.5%
2024
n/a
Consumer prices inflation
45.2%
2023-2024
n/a
Central bank interest rate
20%
2023
n/a
Unemployment rate
11.3%
2019
n/a
Population
5906622
936

Balance of trade

Lebanon Vatican
Current account balance
-$5.64B
2023
n/a
Current account balance ranking
168/190
2023
n/a
Current account balance, % of GDP
-28.1%
2023
n/a
Goods imports
$16.7B
2023
n/a
Goods exports
$3.85B
2023
n/a
Service imports
$6.63B
2023
n/a
Service exports
$7.92B
2023
n/a
Imports of goods and services, % of GDP
73.7%
2023
n/a
Exports of goods and services, % of GDP
30.6%
2023
n/a

Economic freedom indices

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

Lebanon Vatican
Economic freedom 43.1 65
Economic freedom ranking 183/197 69/197
Property rights 21.8 n/a
Government integrity 23.4 n/a
Judicial effectiveness 23.8 n/a
Tax burden 90.3 n/a
Government spending 93.3 n/a
Fiscal health 63.4 n/a
Business freedom 47.6 n/a
Labor freedom 48.4 n/a
Monetary freedom 0 n/a
Trade freedom 65.6 n/a
Investment freedom 20 n/a
Financial freedom 20 n/a

Other economic metrics

Lebanon Vatican
Services, % of GDP
42.4%
2023
n/a
Industry, % of GDP
2.09%
2023
n/a
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
n/a
GNI, Atlas method
$21.4B
2023
n/a
GNI per capita, PPP
$12,420
2023
n/a
Total reserves including gold
$33.3B
2024
n/a
Total reserves ranking
54/177
2024
n/a
Net foreign direct investment
-$583M
2023
n/a
Net inflows of foreign direct investment
$1.84B
2024
n/a
Net outflows of foreign direct investment
$391M
2024
n/a
Servicing debt to the IMF, % of GNI
22%
2023
n/a
Poverty at national poverty lines
27.4%
2012
n/a
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/vatican | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2023–2024, retrieved 2026-02-20)
  5. Central Intelligence Agency (CIA) (2019–2025, 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.