Foreign Trade In Services (As % of GDP) fell to 54.2% in Lebanon in 2017

Foreign Trade In Services (As % of GDP) (%)
Economy | Lebanon | May 17, 2019
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Excel Sheet

Foreign trade in services as a share of GDP reached 54.2 % in 2017 in Lebanon, according to the National Statistical Office. This is 1.98 % less than in the previous year.

Historically, foreign trade in services as a share of GDP in Lebanon reached an all time high of 106 % in 2008 and an all time low of 40.9 % in 2002. When compared to Lebanon's main peers, foreign trade in services as a share of GDP in Cyprus amounted to 83.2 %, 20.8 % in Israel and 28.8 % in Jordan in 2017.

Lebanon has been ranked 9th within the group of 156 countries we follow in terms of foreign trade in services as a share of GDP, 4 places behind the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cyprus % 58.1% 59.0% 69.4% 74.1% 79.0%
Egypt % 14.1% 13.7% 12.0% 12.9% 10.8%
Greece % 20.8% 20.9% 22.3% 24.6% 26.4%
Iraq % 7.51% 7.40% 8.67% 9.54% 12.9%
Israel % 19.0% 20.9% 19.8% 19.3% 20.2%
Jordan % 35.4% 35.4% 32.5% 32.9% 28.8%
Lebanon % 76.7% 60.4% 61.1% 57.6% 59.3%
Saudi Arabia % 13.3% 11.5% 11.9% 14.9% 15.7%
Syria % ... ... ... ... ... ... ... ... ...
Turkey % 7.47% 7.39% 7.66% 8.27% 8.12%