The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

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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Contacts

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

Ms. Tonia KANDIERO, Director General