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%.
Lesotho GDP from 1980 to 2024
The total market value of goods and services produced annually in Lesotho.
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.
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 | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -0.825 % | $ 428M | $ 590M | $ 334.43 | $ 460.82 | 44.90 % | 1M 281K people | -9.02 % | 0 % |
1981 | 3.079 % | $ 435M | $ 666M | $ 330.81 | $ 506.56 | 41.96 % | 1M 315K people | -12.028 % | 0 % |
1982 | 5.556 % | $ 362M | $ 747M | $ 268.42 | $ 553.50 | 46.98 % | 1M 349K people | 36.731 % | 0.96 % |
1983 | 3.049 % | $ 401M | $ 799M | $ 289.89 | $ 577.80 | 40.58 % | 1M 384K people | 42.504 % | 5.16 % |
1984 | 4.769 % | $ 360M | $ 868M | $ 265.39 | $ 638.93 | 46.78 % | 1M 358K people | 48.246 % | 7.392 % |
1985 | 2.956 % | $ 288M | $ 922M | $ 207.23 | $ 663.01 | 53.43 % | 1M 390K people | 51.17 % | 3.912 % |
1986 | 3.769 % | $ 331M | $ 976M | $ 232.53 | $ 684.71 | 31.10 % | 1M 425K people | 48.794 % | 3.342 % |
1987 | 2.686 % | $ 434M | $ 1B 26M | $ 290.68 | $ 688.27 | 28 % | 1M 492K people | 50.199 % | -0.043 % |
1988 | 7.854 % | $ 496M | $ 1B 146M | $ 323.52 | $ 748.22 | 21.68 % | 1M 532K people | 16.616 % | 0.789 % |
1989 | 5.992 % | $ 519M | $ 1B 263M | $ 329.02 | $ 801.04 | 17.96 % | 1M 576K people | 16.697 % | 8.538 % |
1990 | 6.429 % | $ 635M | $ 1B 394M | $ 391.98 | $ 860.32 | 41.46 % | 1M 621K people | 28.843 % | 12.994 % |
1991 | 7.55 % | $ 743M | $ 1B 550M | $ 452.08 | $ 943.43 | 25.52 % | 1M 643K people | -31.965 % | 10.89 % |
1992 | 6.058 % | $ 863M | $ 1B 682M | $ 505.04 | $ 984.50 | 29.25 % | 1M 708K people | -19.312 % | 6.418 % |
1993 | 3.982 % | $ 865M | $ 1B 790M | $ 494.61 | $ 1,023.17 | 19.72 % | 1M 749K people | -9.163 % | 8.195 % |
1994 | 5.202 % | $ 915M | $ 1B 923M | $ 512.04 | $ 1,076.81 | 28.82 % | 1M 786K people | -7.358 % | 5.528 % |
1995 | 4.067 % | $ 1B 32M | $ 2B 43M | $ 549.61 | $ 1,088.49 | 30.62 % | 1M 877K people | -18.895 % | 4.087 % |
1996 | 4.767 % | $ 977M | $ 2B 180M | $ 524.62 | $ 1,170.65 | 24.19 % | 1M 862K people | -25.881 % | -1.162 % |
1997 | 3.269 % | $ 1B 26M | $ 2B 290M | $ 551.04 | $ 1,228.82 | 21.73 % | 1M 864K people | -30.429 % | -2.358 % |
1998 | 1.333 % | $ 949M | $ 2B 347M | $ 508.56 | $ 1,258.23 | 11.62 % | 1M 865K people | -19.333 % | -13.48 % |
1999 | 1.438 % | $ 937M | $ 2B 414M | $ 501.75 | $ 1,293.39 | 15.99 % | 1M 867K people | -26.007 % | -15.29 % |