Lebanon: Trade openness
* indicates monthly or quarterly data series
| Lebanon |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 114.89 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1989 - 2022 |
| Average | 78.65 |
| Min - Max | 50.12 - 117.91 |
| Source | The World Bank |
The latest value from 2022 is 114.89 percent, an increase from 78.83 percent in 2021. In comparison, the world average is 101.04 percent, based on data from 169 countries. Historically, the average for Lebanon from 1989 to 2022 is 78.65 percent. The minimum value, 50.12 percent, was reached in 2000 while the maximum of 117.91 percent was recorded in 1990.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 103.76 | 2021 | percent |
| Trade openness | 114.89 | 2022 | percent |
| Financial openness | -0.042 | 2021 | index points |
| Exports, percent of GDP | 34.83 | 2022 | percent |
| Exports, billion dollars | 7.31 | 2022 | billion U.S. dollars |
| Growth of exports | 2.80 | 2023 | percent |
| Imports, percent of GDP | 82.45 | 2023 | percent |
| Imports, billion dollars | 16.81 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.51 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.66 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 76.07 | 2023 | million dollars (current) |
| Current account, percent of GDP | -16.10 | 2020 | percent |
| Current account, in dollars | -5.64 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -45.23 | 2022 | percent |
| Trade balance, in dollars | -11.54 | 2023 | billion U.S. dollars |
| Reserves | 32.51 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 35.51 | 2023 | percent |
| Remittances | 6,370.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,634.57 | 2023 | million USD |
| External debt | 309.35 | 2021 | percent |
| Short-term external debt | 25.85 | 2023 | percent |
| Short-term debt to reserves | 47.72 | 2022 | percent |
| Foreign exchange reserves | 3,003,022.18 | 2/2024 | billion |