Lebanon: Trade (% of GDP)
In , Lebanon's Trade (% of GDP) was 104.21.
That's down 9.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 114.89
- Trough
- 50.13
- 1-year change
- -9.3%
- 5-year change
- +52.7%
- +8.8% / yr
- 10-year change
- +20.9%
- +1.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 104.2064 | |
| 114.8883 | |
| 78.8286 | |
| 50.1298 | |
| 62.9809 | |
| 68.2573 | |
| 68.4554 | |
| 67.7236 | |
| 71.8390 | |
| 79.8172 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Lebanon's Trade (% of GDP) in 2023?
- In 2023, Lebanon's Trade (% of GDP) was 104.21, according to World Bank Open Data.
- Is Lebanon's Trade (% of GDP) rising or falling?
- Lebanon's Trade (% of GDP) fell 9.3% from 2022 to 2023.
- How does Lebanon's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Lebanon is above the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.