Economics

Lebanon: A Country in Economic Crisis

Even before the devastating blast in its capital city Beirut yesterday, Lebanon was a country in crisis on a number of fronts. The explosion in the port area of the city has claimed the lives of at least 100 people, injured thousands and caused widespread destruction. President Michel Aoun said the cause was 2,750 tonnes of ammonium nitrate which was being stored unsafely in a warehouse.

The timing could hardly be worse, with Lebanon currently enduring an unprecedented economic crisis, pushing large numbers of people into poverty and triggering the largest anti-government protests in over a decade. As this infographic shows, IMF estimates put the country's national debt at 162 percent of GDP in 2020 - the fourth highest in the world.

Description

This chart shows the general government gross debt as a share of GDP for Lebanon from 2015 to 2021.

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Ratio of national debt to GDP of Lebanon from 2000 to 2025
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National debt of Lebanon from 2000 to 2025 (in million U.S. dollars)
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Debt as share of gross domestic product in the Middle East and North Africa in 2022, by country
Gross domestic product (GDP) in current prices in Lebanon from 1980 to 2025 (in billion U.S. dollars)
Budget balance in relation to GDP in Lebanon from 1990 to 2025
Ratio of government expenditure to GDP in Lebanon from 1990 to 2025

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