107 years old, since 1910.
20 November 2017

Kingdom of Lesotho

Overview

The Kingdom of Lesotho is made up mostly of highlands where many of the villages can be reached only on horseback, by foot or light aircraft.

During the winter shepherds wearing only boots and wrap-around blankets have to contend with snow. While much of the country, with spectacular canyons and thatched huts, remains untouched by modern machines, developers have laid down roads to reach its mineral and water resources. Lesotho is one of few African countries to see snow regularly. The Lesotho Highlands Water Project was completed in the 1990s to supply South Africa with fresh water.

Economic Performance 2015

Lesotho's nominal GDP at market prices was estimated at R23.7 billion in 2014 compared to R21.4 billion in 2013. The economy recorded a slow growth of 3.6 per cent in 2014 compared to 4.5 per cent in 2013 and 5.0 per cent in 2012. The slow growth in real GDP was attributed to the performance in agriculture and construction sectors. The agriculture sector recorded a growth of 4.7 per cent in 2014 compared to 13.2 per cent in 2013, while the construction sector contracted by 10.0 per cent compared to a growth of 21.7 per cent recorded in 2013. The largest industries, as measured by their nominal value added in 2014, were general government accounting for 19.6 per cent of total value added, followed by financial intermediation & business services accounting for 17.0 per cent of total value added.

In 2015, the annual inflation rate eased to 3.2 per cent compared to 5.4 per cent in 2014. The fall in the annual inflation rate was mainly due to the fall in the prices in transport category which accounts for 8.47 per cent of the overall inflation basket.

Economic Indicators 2014

Country size

30 355 km2

GDP at current prices:

R23.7 billion

Population (2015):

1 924 381

GDP per capita:

R11 174

Real economic growth rate:

3.6%

Annual inflation rate:

3.2%

Merchandise imports:

R16.2 billion

Merchandise exports:

R10.6 billion

Feeds

Lesotho Times
Sunday Express
The Public Eye