Economic Trivia

The government is Lesotho's largest employer, and public expenditures account for 55% of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2012): South Africa, United States, and China
Top 3 Exported Goods (2012): Apparel: Knit, Apparel: Non Knit, and Electrical Machinery

Top Industries Source: CIA World Factbook

Food; Beverages; Textiles; Apparel Assembly

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $6,787,040,655 (2018)
GDP Growth Rate (annual %) 1.134% (2018)
GDP Per Capita, PPP (current international) $3,219 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 162/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 4.01% (2018)
External debt stocks, total (DOD, current US$) $914,773,689 (2018)
Total tax rate (% of commercial profits) 13.6% (2019)
Real Interest Rate (5 year average %) 6.668% (2018)
Manufacturing, value added (% of GDP) 14.011% (2018)
Current Account Balance (BoP, current US$) ($4,044,458) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 963,657 (2019)
Employment in Agriculture (% of total employment) 66.57% (2019)
Employment in Industry (% of total employment) 10.105% (2019)
Employment in Services (% of total employment) 23.325% (2019)
Unemployment Rate 23.475% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $2,305,437,547 (2018)
Exports of goods and services (current US$) $1,200,416,563 (2018)
Total Merchandise Trade (% of GDP) 128.67% (2018)
FDI, net inflows (BoP, current US$) $39,585,273 (2018)
Commercial Service Exports (current US$) $29,618,250 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Lesotho’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank