Lesotho

Lesotho Economic Outlook

  • Lesotho’s economy grew by 3.4% in 2013 and should average 4.4% in the next two years.
  • With a 57% poverty level and a 25% unemployment rate, policies need to make growth more inclusive.
  • Textiles and livestock are key value chains with considerable growth potential.

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

Key Facts

Flag:
Capital: Maseru
Area: 30,000 sq km
Total Population 2013: 2.1 Million
Urban Population 2013: 29.02%
Female Population 2013: 50.66%
GDP: US$ 1.7 Billion
GNI Per Capita 2013: US$ 1,380
Inflation Rate: 5.03%
Crude Birth Rate (per 1000): 27.47%
Human Development Index (rank / 187): 158
Human Development Index (scale 0 to 1): 0.461
Membership Date: 02/07/1973
Cumulative Approvals (1967-2013): UA 351.0 Million

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