Source: world bank Nominal/PPP
Summary:
Lesotho GDP Per Capita expanded from 1960 to 2024, increasing from $46.95 to $971.91 .The compound annual growth rate (CAGR) averaged 4.85% 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 46.1%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.
Lesotho Economic Phases (1960 - 2024)
From 1960 to 2024, Lesotho economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1964) indicating robust economic expansion
- Expansion (1965–1967) indicating steady moderate growth
- Expansion (1969–1970) indicating steady moderate growth
- High Growth (1973–1974) indicating robust economic expansion
- Contraction (1975–1976) indicating temporary slowdown
- High Growth (1977–1980) indicating robust economic expansion
- Crisis (1984–1985) indicating severe economic downturn
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1990–1992) indicating robust economic expansion
- Contraction (1998–2002) indicating temporary slowdown
- High Growth (2003–2006) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2012–2013) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2003 with an increase of 49.97%, while the largest decline was in 1982 at -21.978%.