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Lesotho

Lesotho : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$2.29 billion (2011 est.)
$1.998 billion (2010 est.)

Exports

$1.01 billion (2011 est.)
$851.8 million (2010 est.)

Inflation rate (consumer prices)

5% (2011 est.)
3.6% (2010 est.)

Unemployment rate

45% (2002)

GDP - per capita (PPP)

$2,000 (2011 est.)
$1,900 (2010 est.)
$1,800 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3.5% (2010 est.)
1.6% (2009 est.)
3.9% (2008 est.)

Internet users

76,800 (2009)

Telephones - mobile cellular

698,800 (2009)

Population growth rate

0.332% (2012 est.)

Population

1,930,493 (July 2012 est.)
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected

Historical background

Basutoland was renamed the Kingdom of Lesotho upon independence from the UK in 1966.

The Basuto National Party ruled for the first two decades.

King MOSHOESHOE was exiled in 1990, but returned to Lesotho in 1992 and was reinstated in 1995 and subsequently succeeded by his son, King LETSIE III, in 1996.

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Lesotho

Economic overview

Small, landlocked, and mountainous, Lesotho relies on remittances from miners employed in South Africa, customs duties from the Southern Africa Customs Union (SACU), and export revenue for the majority of government revenue.

However, the government has recently strengthened its tax system to reduce dependency on customs duties.

Completion of a major hydropower facility in January 1998 permitted the sale of water to South Africa and generated royalties for Lesotho.

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Oxford Economics

Country Economic Forecasts > Lesotho

Country Economic Forecasts > Lesotho

  • $ 185
  • Country report
  • April 2013
  • by Oxford Economics

We expect GDP growth of 3.6% this year, down from 4% in 2012 due to weaker remittances from South Africa (which are equivalent to about 20% of Lesotho's GDP), a decline in SACU transfers and lower than ...

  • Countries : Lesotho

The Economist Intelligence Unit

Country Report Lesotho 2nd Quarter 2014

Country Report Lesotho 2nd Quarter 2014

  • $ 285
  • Country report
  • April 2014
  • by The Economist Intelligence Unit

Outlook for 2014-15 The ruling coalition, headed by the prime minister, Thomas Thabane, and his party, the All Basotho Convention (ABC), is likely to remain in power.The cohesion of the coalition could ...

  • Countries : Lesotho

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