Lesotho GDP Annual Growth Rate2022 Data - 2023 Forecast - 1961-2021 Historical

Name: Lesotho GDP Annual Growth Rate
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Keywords: Lesotho,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Lesotho expanded 1.48 percent in the fourth quarter of 2021 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 2021, 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 July of 2022.

GDP Annual Growth Rate in Lesotho is expected to be 1.40 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 2.10 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	1.48	2.70	percent	Dec 2021
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.