Lesotho


Lesotho Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Lesotho; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Lesotho
International Reserves N/A
Gross Domestic Product - GDP US$ 2.648 billion (2008 estimate)
GDP (Purchasing Power Parity) 4.052 billion of International dollars (2008 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.2% 1.1% 4.3% 2.3% 1.1% 6.5% 2.4% 4.7%
2009 2010 2011 2012*
3.6% 5.7% 4.2% 5.2%

*Estimate

GDP per capita - current prices US$ 1,355 (2006 estimate)
GDP per capita - PPP $2,073 International Dollars (2006 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0.01% 0.01%

**Forecast

GDP - composition by sector
  • agriculture: 8.4% 
  • industry: 34.2% 
  • services: 57.3% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
5.9%(2008) 3.4% 5.6% 5.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
50.6% 38.2% 35.2% 39.6% 42.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
8.6% -3.9% -5% -10.5% 0.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Lesotho N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -296 million (2008 estimate)(After 2008)
Current account balance by percentage of GDP -11.2% of GDP (2008 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

43.8% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0% (2010)(2007)

(Data were released in 2012)

Total exports US$1.039 billion (2012 estimate) 
Export commodities manufactures 75% (clothing, footwear), wool and mohair, food and live animals, electricity, water, diamonds
Total imports US$2.469 billion (2012 estimate) 
Import commodities food; building materials, vehicles, machinery, medicines, petroleum products
Exports - major partners US 58.4%, Belgium 34%, Canada 3.7% (2008)
Imports - major partners South Korea 26.9%, China 23.1%, Taiwan 22.1%, Hong Kong 6.6%, US 4.4% (2008)
FDI inflows
2009 2010 2011
US$48 million US$55 million(2009) US$52 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 136 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 79 out of 185 countries(2009)

Enforcing Contracts: 139 out of 185 countries

Registering Property: 157 out of 185 countries

Getting credit: 154 out of 185 countries

Protecting investors: 100 out of 185 countries

Trading across border: 144 out of 185 countries

Paying Taxes: 95 out of 185 countries

Dealing with Construction Permits: 140 out of 185 countries

Getting Electricity: 133 out of 185 countries

Resolving Insolvency: 75 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
137

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 161 Score: 46.6 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+2
Total area 30,355 km2 (2006)
Capital Maseru (2009)
Currency maloti (LSL) (2009)
Government type parliamentary constitutional monarchy (2009)
Languages Sesotho (southern Sotho), English (official), Zulu, Xhosa
Religions Christian 80%, indigenous beliefs 20%
Total population
1980 1990 2000 2012* 2017**
1.36 million 1.72 million 2.11 million 1.96 million 2.03 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
3.4% 11.5% 20% 27.6%
Population median age 20 years (2010)
Population growth rate 1% (2011)
Life expectancy 48 years (2010)
Adult literacy 90% (2005/2010)
% of population living on less than $2 a day 62.25% (2011)
Inequality of wealth distribution (Gini index)

52.5 (2003)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

49.54% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 4.22% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

N/A

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE