Lesotho

Lesotho Economic Outlook

  • Lesotho’s growth in 2012 remained modest at 3.8%, driven mainly by a doubling of mining investment and an increase in construction activities. The medium-term outlook is positive and predicated on the booming construction sector and on reforms to eliminate structural impediments to economicdiversification and competitiveness.
  • Access to African Growth and Opportunity Act (AGOA) trade preferences with the United States has transformed Lesotho from an economy predominantly reliant on subsistence agriculture and employment from South African mines and industries to one where the textile and garment industry has become a significant source of employment and foreign exchange.

Contacts

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Ebrima Faal, RRC Director





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Key Facts

Flag:
Capital: Maseru
Area: 30,000 sq km
Total Population 2012: 2.2 Million
Urban Population 2012: 28.38%
Female Population 2012: 50.66%
GDP: US$ 2.6 Billion
GNI Per Capita 2012: US$ 1,220
Inflation Rate: 5.50%
Crude Birth Rate (per 1000): 27.25%
Human Development Index (rank / 187): 158
Human Development Index (scale 0 to 1): 0.461
Membership Date: 02/07/1973
Cumulative Approvals (1967-2012): UA 333.7 Million

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