Lesotho GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Lesotho expanded 4 percent in 2012 from the previous year. GDP Annual Growth Rate in Lesotho is reported by the Central Bank of Lesotho. From 1961 until 2012, Lesotho GDP Annual Growth Rate averaged 4.8 Percent reaching an all time high of 26.4 Percent in December of 1973 and a record low of -13.5 Percent in December of 1975. Lesotho is a landlocked country inside South Africa. Lesotho’s economy is dependent on diamonds extraction, exports of water to South Africa and workers remittances from the Southern African Customs Union (SACU). The agricultural sector, which accounts for only 8.6 percent of GDP, is the main source of income for the majority of rural population. Yet, in recent years, increasing foreign direct investments (mainly from China) in textile industry and commerce have created more jobs and strengthen the economy. However, widespread poverty, youth unemployment and high prevalence rate of AIDS remain the main obstacles to growth. This page provides - Lesotho GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.00 3.10 26.40 -13.51 3.35 | 2013/12 1961 - 2012 Percent Yearly

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Lesotho GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 2.45 2012-12-31 2.53 2.53 0.03 2.42 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 4.00 2012-12-31 3.10 26.40 -13.51 3.35 2013-12-31 Percent [+]
GDP per capita 928.54 2012-12-31 902.83 928.54 197.38 953.98 2013-12-31 USD [+]
GDP per capita PPP 1691.89 2012-12-31 1645.05 1691.89 769.24 1736.29 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Lesotho Balance of Trade at -2202.87 LSL Million  
Lesotho recorded a trade deficit of 2202.87 LSL Million in the fourth quarter of 2013. Balance of Trade in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Exports at 2134.53 LSL Million  
Exports in Lesotho decreased to 2134.53 LSL Million in the fourth quarter of 2013 from 2289.90 LSL Million in the third quarter of 2013. Exports in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Imports at 4337.40 LSL Million  
Imports in Lesotho decreased to 4337.40 LSL Million in the fourth quarter of 2013 from 4487.06 LSL Million in the third quarter of 2013. Imports in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Current Account to GDP at -18.80 Percent  
Lesotho recorded a Current Account deficit of 18.80 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Current Account at 78.30 LSL Million  
Lesotho recorded a Current Account surplus of 78.30 LSL Million in the fourth quarter of 2013. Current Account in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Inflation Rate at 5.70 Percent  
The inflation rate in Lesotho was recorded at 5.70 percent in February of 2014. Inflation Rate in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Interest Rate at 6.01 Percent  
The benchmark interest rate in Lesotho was last recorded at 6.01 percent. Interest Rate in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Government Budget at -10.40 Percent of GDP  
Lesotho recorded a Government Budget deficit equal to 10.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Lesotho is reported by the Central Bank of Lesotho.
Lesotho Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Lesotho stands at 35 percent. Personal Income Tax Rate in Lesotho is reported by the Ministry of Finance.
Lesotho Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Lesotho stands at 35 percent. Corporate Tax Rate in Lesotho is reported by the Commissioner of Income Tax.
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