Lesotho Economic Outlook

GDP grew an estimated 4.6% in 2017, following 2.4% growth in 2016. Growth was driven largely by better performance in the primary sector, with production at the Lighongbong mine expected to rebound, accompanied by modest growth in the tertiary sector. The contribution of the secondary sector is constrained by lower construction activities. GDP growth is projected to moderate slightly to 4.3% in 2018, as mining growth drops, and to 4% in 2019. Growth will be driven mainly by enhanced construction activities under Phase II of the Lesotho Highland Water Project (LHWP). Manufacturing’s contribution to GDP growth remained modest in 2016, due to  slow  growth in textiles and clothing for the U.S. African Growth and Opportunities Act (AGOA) market.

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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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