Indicators of economy in Lesotho
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Lesotho, on the other hand, reached USD 1,094 per capita, or 2.50 billion USD for the whole country. Lesotho is currently at number 181 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Lesotho ranks 169th in the list of the richest countries.Inflation in Lesotho in 2021 was around 6.05%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 60.7 percent lower.
The index for perceived corruption in the public sector is 38, which is below average by global standards.
Back to overview: Lesotho
Impact of the COVID-19 pandemic
The consequences of the COVID pandemic were not insignificant in Lesotho 2020. Overall, gross domestic product in 2020 fell from 2.45 billion US dollars to 2.23 billion US dollars. With a drop of 9.1 percent, the economy in Lesotho suffered more significant losses than other countries. The unemployment rate rose from 22.4 to 24.6 percent. The inflation rate fell from 5.2 percent previously to 5.0 percent by the end of 2020.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Lesotho Total | Lesotho per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 2.50 bn USD | 1,094.10 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 2.75 bn USD | 1,205.58 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in millions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Lesotho
› Cost of living in a global comparison
› Development of inflation
› Corruption in Lesotho
› Cost of living in a global comparison
Imports and Exports 2021
Lesotho Total | Lesotho per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 2.27 bn USD | 996.39 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 1.07 bn USD | 470.07 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in millions of USD 1975 - 2021
Exports
Imports