Lesotho

Lesotho Economic Outlook

  • The economy is on a recovery trajectory with 2016 GDP growth estimated at 3.1%, largely driven by a booming tertiary sector and mining investment, while the outlook is for higher growth in 2017 and 2018. 
  • In spite of the boost in economic growth, high unemployment and inequality have intensified poverty to 56.2% of the population, calling for a more aggressive response to realise more inclusive development outcomes.
  • The existing policy linking entrepreneurship and industrialisation, a key instrument to create jobs, could be supported by a multitude of factors including technological entrepreneurship that is central to the whole process of meaningful structural transformation.

Key Facts

Flag:
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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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