[ Nominal GDP in billions of USD ]
Year -
$2.27 billions
Lesotho GDP expanded from 1960 to 2024, increasing from $0.03 billion to $2.27 billion.The compound annual growth rate (CAGR) averaged 6.99% over the period. The economy recorded its peak level in 2011 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 37.21%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2.27 Billions | $ 7.01 Int Billions |
| Growth (YoY) | 7.262% | 5.342% |
| Net Change vs Previous Year | $ 0.15 Billion | $ 0.36 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.03 | - | - | - | - | - |
| 1961 | 0.04 | 0 | 3.239 % | - | - | - |
| 1962 | 0.04 | 0.01 | 17.255 % | - | - | - |
| 1963 | 0.05 | 0.01 | 12.375 % | - | - | - |
| 1964 | 0.05 | 0 | 10.417 % | - | - | - |
| 1965 | 0.05 | 0 | 5.66 % | - | - | - |
| 1966 | 0.06 | 0 | 3.316 % | - | - | - |
| 1967 | 0.06 | 0 | 4.519 % | - | - | - |
| 1968 | 0.06 | 0 | 3.685 % | - | - | - |
| 1969 | 0.07 | 0 | 7.359 % | - | - | - |
| 1970 | 0.07 | 0 | 4.202 % | - | - | - |
| 1971 | 0.08 | 0.01 | 11.26 % | - | - | - |
| 1972 | 0.08 | 0 | 5.796 % | - | - | - |
| 1973 | 0.12 | 0.04 | 49.776 % | - | - | - |
| 1974 | 0.15 | 0.03 | 24.476 % | - | - | - |
| 1975 | 0.15 | 0 | -0.857 % | - | - | - |
| 1976 | 0.15 | 0 | -1.27 % | - | - | - |
| 1977 | 0.19 | 0.05 | 30.919 % | - | - | - |
| 1978 | 0.27 | 0.07 | 37.894 % | - | - | - |
| 1979 | 0.29 | 0.02 | 8.84 % | - | - | - |
| 1980 | 0.43 | 0.14 | 48.739 % | - | - | - |
| 1981 | 0.43 | 0 | 0.613 % | - | - | - |
| 1982 | 0.35 | -0.09 | -19.68 % | - | - | - |
| 1983 | 0.39 | 0.04 | 10.884 % | - | - | - |
| 1984 | 0.33 | -0.05 | -13.844 % | - | - | - |
| 1985 | 0.27 | -0.06 | -19.37 % | - | - | - |
| 1986 | 0.32 | 0.05 | 18.698 % | - | - | - |
| 1987 | 0.4 | 0.08 | 26.316 % | - | - | - |
| 1988 | 0.47 | 0.07 | 16.791 % | - | - | - |
| 1989 | 0.5 | 0.03 | 5.318 % | - | - | - |
| 1990 | 0.6 | 0.1 | 20.387 % | 1.38 | - | - |
| 1991 | 0.7 | 0.11 | 18.094 % | 1.53 | 0.15 | 10.584 % |
| 1992 | 0.83 | 0.13 | 17.989 % | 1.67 | 0.14 | 9.394 % |
| 1993 | 0.84 | 0 | 0.548 % | 1.77 | 0.1 | 5.963 % |
| 1994 | 0.88 | 0.04 | 5.106 % | 1.92 | 0.15 | 8.243 % |
| 1995 | 1 | 0.12 | 14.078 % | 2.02 | 0.1 | 5.457 % |
| 1996 | 0.95 | -0.06 | -5.568 % | 2.18 | 0.15 | 7.53 % |
| 1997 | 1 | 0.05 | 5.485 % | 2.3 | 0.12 | 5.492 % |
| 1998 | 0.93 | -0.07 | -6.968 % | 2.36 | 0.06 | 2.679 % |
| 1999 | 0.91 | -0.02 | -1.69 % | 2.4 | 0.04 | 1.898 % |
| 2000 | 0.89 | -0.03 | -2.792 % | 2.55 | 0.15 | 6.229 % |
| 2001 | 0.83 | -0.06 | -6.941 % | 2.7 | 0.15 | 5.893 % |
| 2002 | 0.78 | -0.05 | -6.047 % | 2.76 | 0.06 | 2.289 % |
| 2003 | 1.16 | 0.38 | 49.247 % | 2.95 | 0.18 | 6.624 % |
| 2004 | 1.51 | 0.35 | 30.524 % | 3.08 | 0.13 | 4.427 % |
| 2005 | 1.68 | 0.17 | 11.322 % | 3.28 | 0.21 | 6.71 % |
| 2006 | 1.8 | 0.12 | 6.999 % | 3.53 | 0.24 | 7.444 % |
| 2007 | 1.68 | -0.12 | -6.553 % | 3.77 | 0.25 | 7.011 % |
| 2008 | 1.77 | 0.08 | 5.039 % | 4.06 | 0.29 | 7.557 % |
| 2009 | 1.74 | -0.03 | -1.472 % | 4.03 | -0.03 | -0.645 % |
| 2010 | 2.23 | 0.49 | 28.368 % | 4.3 | 0.26 | 6.549 % |
| 2011 | 2.58 | 0.34 | 15.423 % | 4.59 | 0.29 | 6.775 % |
| 2012 | 2.48 | -0.1 | -3.943 % | 4.66 | 0.07 | 1.586 % |
| 2013 | 2.37 | -0.11 | -4.463 % | 5.22 | 0.56 | 11.975 % |
| 2014 | 2.44 | 0.07 | 3.124 % | 5.76 | 0.54 | 10.431 % |
| 2015 | 2.36 | -0.08 | -3.334 % | 6.39 | 0.62 | 10.796 % |
| 2016 | 2.11 | -0.25 | -10.394 % | 6.27 | -0.12 | -1.858 % |
| 2017 | 2.31 | 0.19 | 9.095 % | 5.65 | -0.62 | -9.876 % |
| 2018 | 2.56 | 0.25 | 10.816 % | 5.75 | 0.1 | 1.749 % |
| 2019 | 2.39 | -0.17 | -6.476 % | 5.67 | -0.07 | -1.276 % |
| 2020 | 2.05 | -0.34 | -14.096 % | 5.72 | 0.05 | 0.827 % |
| 2021 | 2.41 | 0.36 | 17.453 % | 5.76 | 0.03 | 0.589 % |
| 2022 | 2.35 | -0.06 | -2.369 % | 6.31 | 0.56 | 9.687 % |
| 2023 | 2.12 | -0.24 | -10.065 % | 6.66 | 0.35 | 5.491 % |
| 2024 | 2.27 | 0.15 | 7.262 % | 7.01 | 0.36 | 5.342 % |
Between 1960 to 2024, Lesotho experienced the following economic phases:
The most remarkable growth occurred in 1973 with an increase of 49.776%, while the largest decline was in 1982 at -19.68%.