Lesotho

Lesotho Economic Outlook

  • After four years of robust growth averaging 4.3% annually, growth dropped to an estimated 3.4% in 2015, largely due to weakness in the construction and manufacturing sectors and it is expected to remain subdued in 2016 and 2017.
  • Unemployment, poverty and inequality have remained pervasive in the face of non-inclusive growth.
  • The high rate of urbanisation has outpaced the ability of the authorities to provide necessary services, and the sustainability of living conditions for much of the urban population remains a critical challenge.

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Key Facts

Flag:
Capital: Maseru
Area: 30,000 sq km
Total Population 2015: 2.1 Million
Urban Population 2015: 29.02%
Female Population 2015: 50.66%
GDP: US$ 1.7 Billion
GNI Per Capita 2015: 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 (1967-2015): UA 351.0 Million

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Resources



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. Kennedy Mbekeani, Officer-in-Charge