Remittance inflows to GDP in Lebanon
Lebanon: Remittance inflows to GDP was 25.6% in 2020. βΌ Falling
Remittance inflows to GDP in Lebanon, 2002β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Lebanon recorded 25.6% for remittance inflows to gdp in 2020.
That represents a change of up 78.0% on the previous year and up 42.1% over ten years.
Over the whole period, remittance inflows to gdp in Lebanon peaked at 26.4% in 2004 and was at its lowest, 12.7%, in 2018.
Lebanon ranks 4th of 196 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.4% | 13.3% | 26.4% | 8 |
| 2010s | 15.2% | 12.7% | 18.0% | 10 |
| 2020s | 25.6% | 25.6% | 25.6% | 1 |
Countries ranked near Lebanon
More financial sector data for Lebanon
- Total reserves (gold at national valuation) 25.57 billion SDR (2024)
- Net domestic credit (current LCU), annual growth rate 2.22 % change on previous year (2017)
- Net domestic credit (current LCU), per unit of GDP 3,021 current LCU per US$ of GDP (2017)
- Net domestic credit (current LCU), per capita 26.00 million current LCU per person (2017)
- Gold reserves at 35 SDRs per ounce 322.77 million SDR (2024)
- Gold reserves at market value 18.45 billion SDR (2024)
- Reserves excluding gold, foreign exchange 6.95 billion SDR (2024)
- Reserves excluding gold 7.09 billion SDR (2024)
- Total reserves (gold at market value) 25.54 billion SDR (2024)
- Domestic credit to private sector by banks 102.2% (2017)
Frequently asked questions
- What is remittance inflows to gdp in Lebanon?
- Remittance inflows to gdp in Lebanon was 25.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Lebanon?
- The highest recorded value was 26.4% in 2004.
- What is the lowest remittance inflows to gdp recorded in Lebanon?
- The lowest recorded value was 12.7% in 2018.
- How does Lebanon rank for remittance inflows to gdp?
- Lebanon ranks 4th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Lebanon?
- Over the last ten years it is up 42.1%. The long-run trend across the full record is falling.
- Where does this Lebanon data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.