The Gross Domestic Product (GDP) in Lesotho expanded 0.90 percent in 2018 from the previous year. GDP Annual Growth Rate in Lesotho averaged 4.57 percent from 1961 until 2018, reaching an all time high of 26.40 percent in 1973 and a record low of -13.51 percent in 1975.

GDP Annual Growth Rate in Lesotho is expected to be 2.40 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 3.30 percent in 2020, according to our econometric models.

Lesotho GDP Annual Growth Rate
Forecast Data Chart
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Lesotho GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.90 -2.30 26.40 -13.51 percent [+]
GDP 2.79 2.58 2.79 0.03 USD Billion [+]
GDP per capita 1401.60 1392.30 1436.10 258.90 USD [+]
GDP per capita PPP 2864.90 2845.90 2935.50 1298.60 USD [+]

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. This page provides - Lesotho GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lesotho GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 -2.30 26.40 -13.51 1961 - 2018 percent Yearly

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