| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 4.63 | 4.17 | 3.4 | 2.8 | 0.46 | 2.5 | 4.9 | 1.4 | 1.1 | 0.8 |
| CPI % | 13.48 | 10.35 | 7.61 | 4.55 | 5.11 | 6.5 | 5.2 | 4.4 | 4.2 | 3.9 |
| Unemployment rate | - | - | - | - | - | - | - | - | - | - |
| Debt/GDP % | 22.27 | 66.55 | 58.95 | 34.85 | 44.81 | 61.1 | 52.8 | 49.1 | 49.0 | 48.6 |
| Current account balance/GDP % | 32.77 | -17.67 | 8.05 | -8.6 | -9.12 | -0.8 | 2.1 | -3.3 | -3.4 | -2.3 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
Paramount chief MOSHOESHOE I consolidated what would become Basutoland in the early 19th century and made himself king in 1822. Continuing encroachments by Dutch settlers from the neighboring Orange Free State caused the king to enter into an 1868 agreement with the UK that made Basutoland first a British protectorate and, after 1884, a crown colony. After gaining independence in 1966, the country was renamed the Kingdom of Lesotho. The Basotho National Party ruled the country during its first two decades. King MOSHOESHOE II was exiled in 1990, returned to Lesotho in 1992, was reinstated in 1995, and was then succeeded by his son, King LETSIE III, in 1996. Constitutional government was restored in 1993 after seven years of military rule. In 1998, violent protests and a military mutiny following a contentious election prompted a brief but bloody intervention by South African and Batswana military forces under the aegis of the Southern African Development Community (SADC). Subsequent constitutional reforms restored relative political stability. Peaceful parliamentary elections were held in 2002, but the National Assembly elections in 2007 were hotly contested, and aggrieved parties disputed how seats were awarded. In 2012, competitive elections saw Prime Minister Motsoahae Thomas THABANE form a coalition government -- the first in the country's history -- that ousted the 14-year incumbent, Pakalitha MOSISILI, who peacefully transferred power the following month. MOSISILI returned to power in snap elections in 2015 after the collapse of THABANE’s coalition government and an alleged attempted military coup. In 2017, THABANE returned to become prime minister but stepped down in 2020 after being implicated in his estranged wife’s murder. He was succeeded by Moseketsi MAJORO. In 2022, Ntsokoane Samuel MATEKANE was inaugurated as prime minister and head of a three-party coalition.
Area: 30,355 sq km km2
Climate: temperate; cool to cold, dry winters; hot, wet summers
Natural resources: water, agricultural and grazing land, diamonds, sand, clay, building stone
Groups: Sotho 99.7%, other 0.3% (includes Kwena, Nguni (Hlubi and Phuthi), Zulu)
Languages:
Religions: Protestant 47.8% (Pentecostal 23.1%, Lesotho Evangelical 17.3%, Anglican 7.4%), Roman Catholic 39.3%, other Christian 9.1%, non-Christian 1.4%, none 2.3% (2014 est.)
Capital: Maseru
Government type: parliamentary constitutional monarchy
Chief of state: King LETSIE III (since 7 February 1996)
Head of government: Prime Minister Ntsokoane Samuel MATEKANE (28 October 2022)
Description: Parliament - bicameral
lower middle-income economy surrounded by South Africa; environmentally fragile and politically unstable; key infrastructure and renewable energy investments; dire poverty; urban job and income losses due to COVID-19; systemic corruption
food, beverages, textiles, apparel assembly, handicrafts, construction, tourism
GDP by sector: Agriculture: 6.5% (2024 est.), Industry: 31% (2024 est.), Services: 48% (2024 est.)
Export partners: South Africa 31%, Belgium 26%, USA 20%, UAE 8%, India 8% (2023)
Export commodities: diamonds, garments, wool, power equipment, bedding (2023)
Import partners: South Africa 78%, China 10%, Taiwan 3%, Japan 1%, India 1% (2023)
Import commodities: refined petroleum, fabric, trucks, garments, cotton fabric (2023)
Southern Africa, an enclave of South Africa
Military expenditure: 2024: 1.5% of GDP (2024 est.)
Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.