Insurance and financial services in Lebanon
Lebanon: Insurance and financial services was 9.5% in 2023. ◆ Volatile
Insurance and financial services in Lebanon, 2002–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Lebanon recorded 9.5% for insurance and financial services in 2023.
The figure is up 28.9% on the previous year and down 13.9% over ten years.
Over the whole period, insurance and financial services in Lebanon peaked at 17.6% in 2016 and was at its lowest, 1.5%, in 2002.
Lebanon ranks 41st of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Lebanon, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2002 | 1.5% | — |
| 2003 | 1.6% | +8.5% |
| 2004 | 1.9% | +17.0% |
| 2005 | 2.5% | +32.7% |
| 2006 | 2.7% | +10.4% |
| 2007 | 2.9% | +6.6% |
| 2008 | 2.1% | -28.4% |
| 2009 | 2.1% | +1.5% |
| 2010 | 13.9% | +561.0% |
| 2011 | 16.4% | +17.4% |
| 2012 | 11.8% | -28.2% |
| 2013 | 11.0% | -6.6% |
| 2014 | 13.6% | +23.7% |
| 2015 | 16.1% | +18.3% |
| 2016 | 17.6% | +9.5% |
| 2017 | 15.2% | -13.5% |
| 2018 | 12.6% | -16.9% |
| 2019 | 7.9% | -37.5% |
| 2020 | 7.7% | -2.9% |
| 2021 | 7.7% | +0.5% |
| 2022 | 7.3% | -4.7% |
| 2023 | 9.5% | +28.9% |
Lebanon compared with similar countries
- Lebanon's 9.5% is above the median for lower middle income countries, which is 1.8%, 5.4× the median. (46 countries reporting)
- Lebanon's 9.5% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.6%, 3.7× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Lebanon changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +561.0% | 2.1% | 13.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | 1.5% | 2.9% | 8 |
| 2010s | 13.6% | 7.9% | 17.6% | 10 |
| 2020s | 8.0% | 7.3% | 9.5% | 4 |
Countries ranked near Lebanon
More private sector data for Lebanon
- Merchandise trade 85.9% (2025)
- Food imports 18.5% (2024)
- Manufactures imports 40.0% (2024)
- Merchandise imports 21.67 billion current US$ (2025)
- Food exports 19.1% (2024)
- Manufactures exports 55.6% (2024)
- Merchandise exports 4.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 786.06 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1456 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 21.61 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Lebanon?
- Insurance and financial services in Lebanon was 9.5% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Lebanon?
- The highest recorded value was 17.6% in 2016.
- What is the lowest insurance and financial services recorded in Lebanon?
- The lowest recorded value was 1.5% in 2002.
- How does Lebanon rank for insurance and financial services?
- Lebanon ranks 41st out of 190 countries with data for 2023.
- Is insurance and financial services rising or falling in Lebanon?
- Over the last ten years it is down 13.9%. The long-run trend across the full record is volatile.
- Where does this Lebanon data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.