Lesotho's GDP composition in 2023 was prominently led by the Services sector, which contributed 40.55% to the national output, followed by Mining, Manufacturing, and Utilities at 25.98%. The Wholesale, Retail Trade, Restaurants, and Hotels sector accounted for 14.77% while Transport, Storage, and Communication contributed 6.49%. The Construction sector stood at 6.36% and Agriculture, Hunting, Forestry, and Fishing added 5.85%. Over the past two years, Services showed notable growth. The five-year CAGR suggested a steady expansion in services and utilities, while Agriculture experienced slower growth, indicating a shift towards more industrial activities.
Looking ahead, key trends include the anticipated growth in ICT and tourism tied to the services sector. Focus on sustainable mining and expansion of renewable energy sources may refine the Mining and Utilities sector. Monitoring policies supporting business environments and infrastructure projects will be crucial for observing future shifts in GDP composition.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 40.55 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 25.98 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 14.77 | 2016 | |
| 4 | 4 Transport, storage and communication | 6.49 | 2016 | |
| 5 | 5 Construction | 6.36 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 5.85 | 2016 |
