The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more


Lesotho Economic Outlook

The economy showed signs of recovery in 2017/18, with real GDP growth estimated at 0.9% following a 2.3% contraction in 2016/17. Growth was constrained by the slow recovery of South Africa’s economy and a 27% decline in receipts from the Southern African Customs Union (SACU) in 2016/17, which have not yet fully recovered.

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Key Facts

Capital: Maseru
Area: 30,000 sq km
Total Population 2017: 2.2 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 1.8 Billion
GNI Per Capita 2015: US$ 1,380
Inflation Rate: 6.68%
Crude Birth Rate (per 1000): 27.90%
Human Development Index (rank / 188): 160
Human Development Index (scale 0 to 1): 0.497
Membership Date: 02/07/1973
Cumulative Approvals (1967-2016): UA 366.7 Million

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Southern Africa Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900

Mr Kapil Kapoor, Director General

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