The Gross Domestic Product (GDP) in Lesotho expanded 2.86 percent in the first quarter of 2022 over the same quarter of the previous year. source: Lesotho Bureau of Statistics

GDP Annual Growth Rate in Lesotho averaged 2.84 percent from 1961 until 2022, reaching an all time high of 26.40 percent in the fourth quarter of 1973 and a record low of -21.60 percent in the second quarter of 2020. 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 August of 2022.

GDP Annual Growth Rate in Lesotho is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lesotho GDP Annual Growth Rate is projected to trend around 2.10 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Lesotho GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 2.86 1.48 percent Mar 2022
Gdp From Utilities 250.00 268.00 LSL Million Dec 2021
Gdp From Transport 91.00 89.00 LSL Million Dec 2021
Gdp From Services 374.00 357.00 LSL Million Dec 2021
Gdp From Public Administration 944.00 925.00 LSL Million Dec 2021
Gdp From Mining 155.00 190.00 LSL Million Dec 2021
Gdp From Manufacturing 852.00 708.00 LSL Million Dec 2021
Gdp From Construction 140.00 139.00 LSL Million Dec 2021
Gdp From Agriculture 316.00 256.00 LSL Million Dec 2021
Gdp Constant Prices 5273.00 5146.00 LSL Million Dec 2021

Lesotho GDP Annual Growth Rate
Lesotho is a landlocked country inside South Africa. Lesotho’s economy is dependent on diamonds extraction, exports of water to South Africa and workers remittances from the Southern African Customs Union (SACU). The agricultural sector, which accounts for only 8.6 percent of GDP, is the main source of income for the majority of rural population. Yet, in recent years, increasing foreign direct investments (mainly from China) in textile industry and commerce have created more jobs and strengthen the economy. However, widespread poverty, youth unemployment and high prevalence rate of AIDS remain the main obstacles to growth.
Actual Previous Highest Lowest Dates Unit Frequency
2.86 1.48 26.40 -21.60 1961 - 2022 percent Quarterly
2012=100,NSA