The economy of Lesotho advanced 1.2 percent year-on-year in the third quarter of 2019, following a 2.1 percent contraction in the previous period. Output rebounded for agriculture, forestry & fishing (5.2 percent vs -3.3 percent in Q2); mining & quarrying (5.2 percent vs -8.2 percent); manufacturing (2.6 percent vs -9.9 percent); construction (6.7 percent vs -19.4 percent) and wholesale & retail trade (1.3 percent vs -0.1 percent). Conversely, activity declined steeply for electricity & water supply (-17.6 percent vs -3.7 percent).
GDP Annual Growth Rate in Lesotho averaged 3.80 percent from 1961 until 2019, reaching an all time high of 26.40 percent in the fourth quarter of 1973 and a record low of -13.51 percent in the fourth quarter of 1975. This page provides - Lesotho GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lesotho GDP Annual Growth Rate - values, historical data and charts - was last updated on May of 2020. source: Lesotho Bureau of Statistics
GDP Annual Growth Rate in Lesotho is expected to be -4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Lesotho to stand at 1.00 in 12 months time. In the long-term, the Lesotho GDP Annual Growth Rate is projected to trend around 1.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.