🇱🇧 Lebanon
Public Sector Debt · 2026
Total Debt
183.6%
of GDP
Global Rank
#8
of 192
S&P Rating
D
Credit rating
SOE Debt
+19.5%
2 categories
Where the Debt Sits
Central Government
Central Government: 164.1%Energy SOEs: 17.7%Infrastructure: 1.8%
Full Debt Breakdown
Central Government164.1% of GDP
Central GovernmentIMF CG_DEBT_GDP (WEO 2025)
164.1%Energy SOEs17.7% of GDP
Electricité du Liban (EDL)Lebanese Govt Financial Recovery Plan; World Bank; IMFEDL losses = ~46% of total public debt historically. Current liabilities est ~$5B.
17.7%Infrastructure SOEs1.8% of GDP
Middle East Airlines (MEA)MEA financial reportsOwned 99.5% by BdL. Net profit $88.8M in 2023. Total liabilities ~$500M.
1.8%Total Corporate Debt68.9% of GDP
NF corporate debt (est.)WB WDI 2017
68.9%Household Debt37.1% of GDP
Household debt (est.)WB WDI 2017
37.1%State Bank Liabilities35.3% of GDP
Banque du Liban (quasi-fiscal losses)IMF; Alvarez & Marsal forensic audit 2023BdL negative equity $60-70B. Conservative additional quasi-fiscal gap ~$10B.
35.3%All Layers Total324.9%
Credit Ratings
S&P
D
Moody's
C
Fitch
RD
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