30, Mar 2015, EDT. Welcome to the Lesotho economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Lesotho › Change country
National or Regional Currency: Loti, LSL
Year of data: 2014 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 1942008 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 30,355 sq km ; land: 30,355 sq km ; water: 0 sq km
Natural Resources: water, agricultural and grazing land, diamonds, sand, clay, building stone
Capital: name: Maseru ; geographic coordinates: 29 19 S, 27 29 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)
Small, mountainous, and completely landlocked by South Africa, Lesotho is a least developed country in which about three-fourths of the people live in rural areas and engage in subsistence agriculture. Lesotho produces less than 20% of the nation's demand for food. Rain-fed agriculture is vulnerable to weather and climate variability; an estimated 725,500 people will require food assistance in 2012/13. The distribution of income in Lesotho remains inequitable. Lesotho relies on South Africa for much of its economic activity. Lesotho imports 90% of the goods it consumes from South Africa, including most agricultural inputs. Households depend heavily on remittances from family members working in South Africa, in mines, on farms and as domestic workers, though mining employment has declined substantially since the 1990s. Government revenue depends heavily on transfers from South Africa. Customs duties from the Southern Africa Customs Union accounted for 44% of government revenue in 2012. The South African Government also pays royalties for water transferred to South Africa from a dam and reservoir system in Lesotho. However, the government continues to strengthen its tax system to reduce dependency on customs duties and other transfers. Access to credit remains a problem for the private sector. The government maintains a large presence in the economy - government consumption accounted for 39% of GDP in 2013 and the government remains Lesotho's largest employer. Lesotho's largest private employer is the textile and garment industry - approximately 36,000 Basotho, mainly women, work in factories producing garments for export to South Africa and the US. Diamond mining in Lesotho has grown in recent years and may contribute 8.5% to GDP by 2015, according to current forecasts. Lesotho's $362.5 million Millennium Challenge Account Compact, which focused on strengthening the healthcare system, developing the private sector, and providing access to improved water supplies and sanitation facilities, will end in September 2013. Despite the 2008/09 global economic crisis, the economy has had strong, but declining growth since 2010.
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GDP (Constant Prices, National Currency) for Lesotho in year 2014 is LSL 12.669 Billion.
GDP (Current Prices, National Currency) for Lesotho in year 2014 is LSL 24.223 Billion.
GDP (Current Prices, US Dollars) for Lesotho in year 2014 is US$ 2.458 Billion.
GDP Deflator for Lesotho in year 2014 is 191.198 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, National Currency) for Lesotho in year 2014 is LSL 12,677.23 .
GDP Per Capita (Current Prices, US Dollars) for Lesotho in year 2014 is US$ 1,286.44 .
GDP (PPP), US Dollars for Lesotho in year 2014 is US$ 5.589 Billion.
GDP Per Capita (PPP), US Dollars for Lesotho in year 2014 is US$ 2,925.12 .
Investment (% of GDP) for Lesotho in year 2014 is 35.621 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Lesotho in year 2014 is 124.993 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Lesotho in year 2014 is 127.993 (Index, Base Year 2000 = 100).
Population for Lesotho in year 2014 is 1.911 Million .
General government revenue (National Currency) for Lesotho in year 2014 is LSL 14.915 Billions.
General government total expenditure (National Currency) for Lesotho in year 2014 is LSL 15.366 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Lesotho in year 2014 is LSL -0.45 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Lesotho in year 2014 is LSL 24.779 Billions.
Current Account Balance (US Dollars) for Lesotho in year 2014 is US$ -0.019 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International