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Economy of Lebanon vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $41.5B for Zimbabwe, ranking 128/197 and 102/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Lebanon vs Zimbabwe GDP by year

Lebanon
Zimbabwe
1x
Year GDP, current $
Lebanon Zimbabwe
2024 - $41,539,411,516
2023 $20,078,620,357 $35,871,779,681
2022 $20,992,421,949 $40,757,561,709
2021 $23,131,941,557 $41,287,673,690
2020 $31,712,128,254 $31,980,334,561
2019 $51,605,959,131 $33,357,695,635
2018 $54,901,519,156 $34,141,666,667
2017 $53,027,680,686 $51,035,657,371
2016 $51,147,308,774 $20,559,250,000
2015 $49,929,337,837 $19,973,250,000
2014 $48,095,213,747 $19,505,500,000
2013 $46,880,103,081 $19,100,750,000
2012 $44,016,799,516 $17,123,500,000
2011 $39,927,125,962 $14,109,000,000
2010 $38,443,907,042 $12,047,750,000
2009 $35,399,582,929 $9,670,750,000
2008 $29,118,916,105 $4,418,000,000
2007 $24,827,355,015 $5,294,750,000
2006 $22,022,709,851 $5,446,750,000
2005 $21,497,336,499 $5,758,250,000
2004 $21,159,827,992 $5,808,500,000
2003 $20,082,918,740 $5,730,500,000
2002 $19,152,238,806 $6,345,250,000
2001 $17,649,751,244 $6,780,750,000
2000 $17,260,364,842 $6,693,250,000
1999 $17,391,056,369 $6,861,500,000
1998 $17,247,179,006 $6,405,250,000
1997 $15,751,867,489 $8,534,000,000
1996 $13,690,217,334 $8,557,500,000
1995 $11,718,795,529 $7,115,000,000
1994 $9,599,127,050 $6,894,250,000
1993 $7,941,744,492 $6,567,250,000
1992 $5,843,579,161 $6,755,000,000
1991 $4,690,415,093 $8,646,000,000
1990 $2,838,485,354 $8,788,301,546
1989 $2,717,998,688 $8,290,553,535
1988 $3,313,540,068 $7,818,774,177
1987 - $6,744,657,033
1986 - $6,220,698,247
1985 - $5,640,137,575
1984 - $6,355,369,172
1983 - $7,768,031,182
1982 - $8,544,060,905
1981 - $8,015,464,252
1980 - $6,682,278,300
1979 - $5,180,102,910
1978 - $4,353,822,343
1977 - $4,366,610,469
1976 - $4,320,576,877
1975 - $4,373,532,601
1974 - $3,984,194,614
1973 - $3,311,043,292
1972 - $2,679,096,597
1971 - $2,179,828,710
1970 - $1,885,168,339
1969 - $1,748,891,294
1968 - $1,480,355,355
1967 - $1,397,715,282
1966 - $1,282,403,936
1965 - $1,312,105,394
1964 - $1,217,759,447
1963 - $1,160,103,724
1962 - $1,118,172,226
1961 - $1,097,206,526
1960 - $1,053,528,036

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

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

GDP per capita in Lebanon vs Zimbabwe by year

Lebanon
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $2,497 $5,928
2023 $3,478 $12,575 $2,195 $5,791
2022 $3,654 $12,293 $2,536 $5,396
2021 $4,045 $11,600 $2,614 $4,827
2020 $5,561 $16,260 $2,060 $4,179
2019 $8,906 $21,710 $2,184 $4,166
2018 $9,175 $21,985 $2,271 $3,993
2017 $8,608 $20,964 $3,445 $10,756
2016 $8,089 $18,941 $1,408 $4,275
2015 $7,714 $17,046 $1,387 $4,046
2014 $7,578 $16,140 $1,373 $3,903
2013 $8,162 $16,316 $1,363 $3,784
2012 $8,407 $16,121 $1,239 $3,472
2011 $7,835 $14,975 $1,038 $3,047
2010 $7,626 $14,704 $902 $2,661
2009 $7,091 $13,586 $736 $2,233
2008 $5,912 $12,416 $341 $1,987
2007 $5,125 $11,356 $414 $2,396
2006 $4,635 $10,312 $431 $2,454
2005 $4,602 $10,020 $461 $2,496
2004 $4,601 $9,609 $470 $2,591
2003 $4,438 $8,914 $468 $2,708
2002 $4,291 $8,586 $525 $3,238
2001 $4,010 $8,289 $566 $3,533
2000 $3,987 $7,938 $563 $3,429
1999 $4,087 $7,793 $582 $3,491
1998 $4,125 $7,861 $552 $3,527
1997 $3,834 $7,632 $751 $3,457
1996 $3,393 $7,560 $767 $3,372
1995 $2,959 $6,796 $648 $3,051
1994 $2,468 $6,367 $634 $3,012
1993 $2,079 $5,871 $605 $2,703
1992 $1,559 $5,279 $631 $2,651
1991 $1,278 $4,527 $831 $2,930
1990 $790 $2,990 $867 $2,757
1989 $771 - $840 -
1988 $959 - $816 -
1987 - - $726 -
1986 - - $693 -
1985 - - $649 -
1984 - - $757 -
1983 - - $959 -
1982 - - $1,096 -
1981 - - $1,069 -
1980 - - $949 -
1979 - - $779 -
1978 - - $665 -
1977 - - $677 -
1976 - - $687 -
1975 - - $717 -
1974 - - $674 -
1973 - - $579 -
1972 - - $483 -
1971 - - $406 -
1970 - - $361 -
1969 - - $346 -
1968 - - $302 -
1967 - - $294.4 -
1966 - - $278.7 -
1965 - - $294.3 -
1964 - - $281.9 -
1963 - - $277.1 -
1962 - - $275.7 -
1961 - - $279.2 -
1960 - - $276.6 -

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

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

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Lebanon Zimbabwe
Gross domestic product
$20.1B
2023
$41.5B
2024
GDP rank
128/197
2023
102/197
2024
GDP growth
-0.76%
2022-2023
1.74%
2023-2024
GDP per capita
$3,478
2023
$2,497
2024
GDP per capita rank
135/197
2023
148/197
2024
GDP per capita, PPP
$12,575
2023
$5,928
2024
GDP per capita PPP rank
123/197
2023
154/197
2024
Government debt
$38.7B
2023
$30.3B
2024
Debt-to-GDP ratio
163.8%
2024
73%
2024
Government debt per person
$6,704
2023
$1,824
2024
Government debt per person rank
70/185
2023
121/185
2024
Average annual personal income after taxes
$3,560
2026
$2,897
2026
Market capitalization of domestic companies
$10.6B
2021
$2.46B
1999
Number of billionaires
6
2025
1
2025
Income share by richest 10%
25.1%
2022
40.5%
2019
Income share by poorest 10%
2.8%
2022
1.9%
2019
Government expenditure, % of GDP
16.5%
2024
12.9%
2024
Consumer prices inflation
45.2%
2023-2024
736%
2023-2024
Central bank interest rate
20%
2023
35%
2024
Unemployment rate
11.3%
2019
12.1%
2024
Population
5906622
17361868

Spending and national debt comparison by year

Lebanon
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Lebanon Zimbabwe
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 12.9% 73%
2023 14.9% 192.8% 15.5% 76.1%
2022 13.4% 244.6% 14.4% 66.8%
2021 10.9% 358% 12.8% 39.9%
2020 23.2% 148.7% 9.27% 56.8%
2019 31.3% 172.1% 9.36% 53.9%
2018 32.3% 155.1% 13.9% 33%
2017 30.6% 150% 19.8% 49%
2016 28.3% 146.4% 16.6% 35.1%
2015 26.7% 140.8% 14.7% 34.1%
2014 28.8% 138.4% 14.1% 29.2%
2013 28.9% 135.4% 14.7% 26.4%
2012 30.2% 131.1% 14.6% 27.2%
2011 28.8% 134.4% 16.2% 30%
2010 29.2% 136.8% 12.8% 33.2%
2009 32.1% 144.5% 7.93% 39.7%
2008 34.3% 161.5% 2.54% 41.3%
2007 35.2% 169.3% 3.43% 30.2%
2006 36.1% 183.3% 5.72% 26.7%
2005 31.4% 178.9% 10.5% 22.4%
2004 33.3% 169.5% - -
2003 36.4% 171.3% - -
2002 36.8% 163.1% - -
2001 38.9% 163.1% - -
2000 42.8% 148.1% - -
1999 35.6% 130.2% - -
1998 34.7% 108.2% - -
1997 40.5% 100.2% - -
1996 43.6% 101.2% - -
1995 31.1% 79.6% - -
1994 47.3% 71.5% - -
1993 23% 50.5% - -
1992 36.1% 51.7% - -
1991 35.6% 67.1% - -
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 (1990–1999, retrieved 2026-02-20).

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 73% in Zimbabwe, ranking 6/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Lebanon Zimbabwe
2024 -0.19% -1.06%
2023 -1.7% -3.9%
2022 -7.77% -3.3%
2021 -2.67% -2.24%
2020 -7.37% -0.34%
2019 -10.5% -1.72%
2018 -11.3% -3.81%
2017 -8.65% -7.37%
2016 -8.88% -4.63%
2015 -7.48% -1.45%
2014 -6.22% -0.71%
2013 -8.82% -0.69%
2012 -8.43% -0.13%
2011 -5.94% -1.72%
2010 -7.47% -0.11%
2009 -8.1% -1.39%
2008 -9.86% -1.2%
2007 -10.9% -1.67%
2006 -10.6% -1.4%
2005 -8.57% -3.46%
2004 -9.83% -
2003 -14% -
2002 -16.2% -
2001 -21% -
2000 -23.9% -
1999 -16.7% -
1998 -17.3% -
1997 -24.5% -
1996 -25.7% -
1995 -13.6% -
1994 -29.1% -
1993 -7.19% -
1992 -24% -
1991 -19.5% -
1990 -30.2% -

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

GeoRank.org/economy/lebanon/zimbabwe | 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 Zimbabwe's deficit of $1.4B, or 3.9% of GDP.

Over the past 19 years, Lebanon recorded a fiscal deficit in 19 of those years, while Zimbabwe ran a deficit in 19 years. On average, Lebanon posted an annual deficit equal to 7.96% of GDP, compared to deficit of 2.17% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Lebanon

Zimbabwe
1x
Year Consumer prices inflation
Lebanon Zimbabwe
2024 45.2% 736%
2023 221.3% 667%
2022 171.2% 193.4%
2021 154.8% 98.5%
2020 84.9% 557%
2019 2.9% 255.3%
2018 6.1% 10.6%
2017 4.5% 0.9%
2016 -0.8% -1.6%
2015 -3.8% -2.4%
2014 1.1% -0.2%
2013 5.6% 1.6%
2012 6.6% 3.7%
2011 5% 3.5%
2010 4% 3%
2009 1.2% 6.2%
2008 10.7% 157%
2007 4.1% -72.7%
2006 4.1% 33%
2005 -1.4% -31.5%
2004 1.7% 113.6%
2003 1.3% -8.6%
2002 1.8% -34.4%
2001 -0.4% -37.2%
2000 -0.4% 4.5%
1999 0.2% -13.4%
1998 4.5% -28%
1997 7.7% -1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 93.4% in Zimbabwe. In 2024, inflation was 45.2% in Lebanon and 736% in Zimbabwe.

Top exports between countries

Lebanon
Export category Export value
Machinery & equipment $192K
Textiles & consumer goods $131K
Chemicals & pharma $85K
Miscellaneous $33K
Raw agricultural goods $5K
Metals $2K
Zimbabwe
Export category Export value
Textiles & consumer goods $60K
Chemicals & pharma $3K

Balance of trade

Lebanon Zimbabwe
Current account balance
-$5.64B
2023
$501M
2024
Current account balance ranking
168/190
2023
62/190
2024
Current account balance, % of GDP
-28.1%
2023
+1.21%
2024
Goods imports
$16.7B
2023
$9.06B
2024
Goods exports
$3.85B
2023
$7.79B
2024
Service imports
$6.63B
2023
$1.66B
2024
Service exports
$7.92B
2023
$457M
2024
Imports of goods and services, % of GDP
73.7%
2023
23.4%
2024
Exports of goods and services, % of GDP
30.6%
2023
18%
2024

Economic freedom indices

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

Lebanon Zimbabwe
Economic freedom 43.1 35.2
Economic freedom ranking 183/197 190/197
Property rights 21.8 19.4
Government integrity 23.4 20.7
Judicial effectiveness 23.8 16.8
Tax burden 90.3 73.6
Government spending 93.3 93.9
Fiscal health 63.4 52.4
Business freedom 47.6 42
Labor freedom 48.4 33.3
Monetary freedom 0 0
Trade freedom 65.6 50.4
Investment freedom 20 10
Financial freedom 20 10

Economic freedom comparison by year

Lebanon
Zimbabwe
1x
Year Economic freedom index
Lebanon Zimbabwe
2026 43.1 35.2
2025 44.1 35.1
2024 48.3 38.2
2023 45.6 39
2022 47.3 33.1
2021 51.4 39.5
2020 51.7 43.1
2019 51.1 40.4
2018 53.2 44
2017 53.3 44
2016 59.5 38.2
2015 59.3 37.6
2014 59.4 35.5
2013 59.5 28.6
2012 60.1 26.3
2011 60.1 22.1
2010 59.5 21.4
2009 58.1 22.7
2008 60 29.5
2007 60.4 32
2006 57.5 33.5
2005 57.2 35.2
2004 56.9 34.4
2003 56.7 36.7
2002 57.1 36.7
2001 61 38.8
2000 56.1 48.7
1999 59.1 47.2
1998 59 44.6
1997 63.9 48
1996 63.2 46.7
1995 - 48.5

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lebanon Zimbabwe
Services, % of GDP
42.4%
2023
50.6%
2024
Industry, % of GDP
2.09%
2023
35%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
8.69%
2024
GNI, Atlas method
$21.4B
2023
$39.9B
2024
GNI per capita, PPP
$12,420
2023
$5,870
2024
Total reserves including gold
$33.3B
2024
$485M
2024
Total reserves ranking
54/177
2024
157/177
2024
Net foreign direct investment
-$583M
2023
-$465M
2024
Net inflows of foreign direct investment
$1.84B
2024
$465M
2024
Net outflows of foreign direct investment
$391M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
22%
2023
3.44%
2024
Poverty at national poverty lines
27.4%
2012
38.3%
2019
Gross capital formation, % of GDP
1.9%
2023
8.85%
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/zimbabwe | 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 (1990–1999, retrieved 2026-02-20)
  6. TradeMap (2021–2023, 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.