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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
GDP2.50 bn USD1,094.10 USD17.177 tn USD33,384.92 USD
Gross national product2.75 bn USD1,205.58 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1960 - 2021



Imports and Exports 2021

 Lesotho
Total
Lesotho
per capita
EU
Total
EU
per capita
Imports2.27 bn USD996.39 USD8.916 tn USD17,329.02 USD
Exports1.07 bn USD470.07 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1975 - 2021

Exports
Imports



Lesotho: AirportsThe Moshoeshoe I International Airport (MSU) in LesothoMoshoeshoe I International Airport - the only public airport in Lesotho
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Infected and deaths by the corona virus (COVID 19)Spread of the Corona virus Covid19 (SARS-CoV-2)Worldwide development of the number of cases and deaths due to the corona virus.