Services value added — all countries

Services value added — Lebanon

Services value added in Lebanon in 2024 — 9,279,133,732 US$. Ranked 128 in the world out of 188. Since 1994, the indicator has risen by 56.2%.

2024 9.28B US$ +9.05% vs 2023
World rank 128of 188
Period maximum 42.27B US$2018
Period minimum 5.94B US$1994

Trend over time

1994–2024 · US$

Services value added — Lebanon, 1994–2024020B40B60B199419972000200320062009201220152018202120241994: 5,940,769,801 US$1995: 7,078,857,920 US$1996: 8,383,331,325 US$1997: 9,547,255,602 US$1998: 10,059,810,096 US$1999: 10,270,956,412 US$2000: 10,618,905,473 US$2001: 10,844,444,444 US$2002: 11,522,388,060 US$2003: 11,965,505,804 US$2004: 14,615,938,478 US$2005: 15,293,665,713 US$2006: 16,031,278,754 US$2007: 17,565,626,570 US$2008: 21,093,180,178 US$2009: 24,492,167,441 US$2010: 27,626,474,647 US$2011: 29,362,408,145 US$2012: 32,117,536,633 US$2013: 33,792,514,068 US$2014: 35,461,881,338 US$2015: 36,851,118,630 US$2016: 37,952,598,626 US$2017: 39,992,830,229 US$2018: 42,269,121,836 US$2019: 40,930,050,069 US$2020: 27,723,202,123 US$2021: 21,778,337,766 US$2022: 18,603,919,660 US$2023: 8,509,412,138 US$2024: 9,279,133,732 US$
Change over the period: +3.34B (+56.19%) Average annual rate: 1.5 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Lebanon

Lebanon 9.28B US$
World 70.69T US$
Western Asia computed 2.61T US$
Lower-middle-income countries computed 4.22T US$
Services value added — Lebanon, by year Lebanon All countries CSV XLSX
Year US$ Change Change, %
2024 9.28B +770M +9.05%
2023 8.51B −10.09B −54.26%
2022 18.6B −3.17B −14.58%
2021 21.78B −5.94B −21.44%
2020 27.72B −13.21B −32.27%
2019 40.93B −1.34B −3.17%
2018 42.27B +2.28B +5.69%
2017 39.99B +2.04B +5.38%
2016 37.95B +1.1B +2.99%
2015 36.85B +1.39B +3.92%
2014 35.46B +1.67B +4.94%
2013 33.79B +1.67B +5.22%
2012 32.12B +2.76B +9.38%
2011 29.36B +1.74B +6.28%
2010 27.63B +3.13B +12.8%
2009 24.49B +3.4B +16.11%
2008 21.09B +3.53B +20.08%
2007 17.57B +1.53B +9.57%
2006 16.03B +738M +4.82%
2005 15.29B +678M +4.64%
2004 14.62B +2.65B +22.15%
2003 11.97B +443M +3.85%
2002 11.52B +678M +6.25%
2001 10.84B +226M +2.12%
2000 10.62B +348M +3.39%
1999 10.27B +211M +2.1%
1998 10.06B +513M +5.37%
1997 9.55B +1.16B +13.88%
1996 8.38B +1.3B +18.43%
1995 7.08B +1.14B +19.16%
1994 5.94B

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

Source: World Development Indicators (World Bank), license CC BY 4.0.