The Lebanese economy in 2023 shows a strong reliance on the services sector, contributing 58.46% to GDP. Wholesale, retail trade, restaurants, and hotels make up 20.56%, reflecting Lebanon's robust commercial activity. Mining, manufacturing, and utilities contribute 7.49%, while transport, storage, and communication account for 6.85%. Construction and agriculture sectors provide 3.69% and 2.95%, respectively. Recent years reveal fluctuating trends, with notable changes in service-oriented sectors, while the construction and agriculture sectors have seen relatively stable contributions. The compound annual growth rate over the past five years shows marginal overall sectoral shifts.
Future trends to watch include:
- Potential growth in digital and IT services, given global tech advancements.
- Impacts on trade sectors from economic reforms and potential geopolitical developments.
- Sustained or increased investment in utilities and infrastructure.
- Dependency on international aid and investment to bolster weaker sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 58.46 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 20.56 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 7.49 | 2016 | |
| 4 | 4 Transport, storage and communication | 6.85 | 2016 | |
| 5 | 5 Construction | 3.69 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.95 | 2016 |
