Lesotho's GDP changed from approximately $428M in 1980 to $2B 395M in 2024, showing an overall 459.6% sharply increased during the period.
The lowest GDP was recorded in 1985 at $288M, and the highest in 2011 at $2B 571M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.0%.
For comparison, the average annual growth rate of South Africa was 3.3%, and that of Eswatini was 4.4%.
Overview of Lesotho's GDP (1980–2024)
The Gross Domestic Product (GDP) of Lesotho recorded a 459.6% sharply increased from 1980 to 2024.
The average GDP during this period was $1B 389M, and the median was $1B 32M.
GDP fluctuated within a range of $2B 283M, with a standard deviation of $800M 782K.
The average annual change was $57M 811K.
Lesotho GDP from 1980 to 2024
The total market value of goods and services produced annually in Lesotho.
Highest and Lowest GDP Records
- Lowest GDP: 1985, $288M
- Highest GDP: 2011, $2B 571M
- Most Recent GDP: 2024, $2B 395M
Notable Annual GDP Changes
- 2010: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Lesotho's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $2B 323M → $2B 92M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 759M → $1B 937M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $922M → $774M
- Outcome: sharply declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $1B 26M → $949M
- Outcome: declined
Key Economic Indicators of Lesotho (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 428M | $ 334.43 | $ 460.82 | $ 590M | -0.825 % | -9.02 % | 44.90 % | 0 % | 1M 281K people |
1981 | $ 435M | $ 330.81 | $ 506.56 | $ 666M | 3.079 % | -12.028 % | 41.96 % | 0 % | 1M 315K people |
1982 | $ 362M | $ 268.42 | $ 553.50 | $ 747M | 5.556 % | 36.731 % | 46.98 % | 0.96 % | 1M 349K people |
1983 | $ 401M | $ 289.89 | $ 577.80 | $ 799M | 3.049 % | 42.504 % | 40.58 % | 5.16 % | 1M 384K people |
1984 | $ 360M | $ 265.39 | $ 638.93 | $ 868M | 4.769 % | 48.246 % | 46.78 % | 7.392 % | 1M 358K people |
1985 | $ 288M | $ 207.23 | $ 663.01 | $ 922M | 2.956 % | 51.17 % | 53.43 % | 3.912 % | 1M 390K people |
1986 | $ 331M | $ 232.53 | $ 684.71 | $ 976M | 3.769 % | 48.794 % | 31.10 % | 3.342 % | 1M 425K people |
1987 | $ 434M | $ 290.68 | $ 688.27 | $ 1B 26M | 2.686 % | 50.199 % | 28 % | -0.043 % | 1M 492K people |
1988 | $ 496M | $ 323.52 | $ 748.22 | $ 1B 146M | 7.854 % | 16.616 % | 21.68 % | 0.789 % | 1M 532K people |
1989 | $ 519M | $ 329.02 | $ 801.04 | $ 1B 263M | 5.992 % | 16.697 % | 17.96 % | 8.538 % | 1M 576K people |
1990 | $ 635M | $ 391.98 | $ 860.32 | $ 1B 394M | 6.429 % | 28.843 % | 41.46 % | 12.994 % | 1M 621K people |
1991 | $ 743M | $ 452.08 | $ 943.43 | $ 1B 550M | 7.55 % | -31.965 % | 25.52 % | 10.89 % | 1M 643K people |
1992 | $ 863M | $ 505.04 | $ 984.50 | $ 1B 682M | 6.058 % | -19.312 % | 29.25 % | 6.418 % | 1M 708K people |
1993 | $ 865M | $ 494.61 | $ 1,023.17 | $ 1B 790M | 3.982 % | -9.163 % | 19.72 % | 8.195 % | 1M 749K people |
1994 | $ 915M | $ 512.04 | $ 1,076.81 | $ 1B 923M | 5.202 % | -7.358 % | 28.82 % | 5.528 % | 1M 786K people |
1995 | $ 1B 32M | $ 549.61 | $ 1,088.49 | $ 2B 43M | 4.067 % | -18.895 % | 30.62 % | 4.087 % | 1M 877K people |
1996 | $ 977M | $ 524.62 | $ 1,170.65 | $ 2B 180M | 4.767 % | -25.881 % | 24.19 % | -1.162 % | 1M 862K people |
1997 | $ 1B 26M | $ 551.04 | $ 1,228.82 | $ 2B 290M | 3.269 % | -30.429 % | 21.73 % | -2.358 % | 1M 864K people |
1998 | $ 949M | $ 508.56 | $ 1,258.23 | $ 2B 347M | 1.333 % | -19.333 % | 11.62 % | -13.48 % | 1M 865K people |
1999 | $ 937M | $ 501.75 | $ 1,293.39 | $ 2B 414M | 1.438 % | -26.007 % | 15.99 % | -15.29 % | 1M 867K people |