Lesotho GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Lesotho expanded 3.41 percent in 2013 from the previous year. GDP Annual Growth Rate in Lesotho averaged 4.83 Percent from 1961 until 2013, reaching an all time high of 26.40 Percent in 1973 and a record low of -13.51 Percent in 1975. GDP Annual Growth Rate in Lesotho is reported by the Central Bank of Lesotho.
||1961 - 2013
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.