About Lesotho's economy

Lesotho, a small, mountainous kingdom nestled within South Africa, boasts a resilient economy driven by agriculture, manufacturing, and remittances from Basotho workers employed in South Africa. Despite its landlocked status and limited natural resources, Lesotho has managed to achieve lower-middle-income status. In 2021, the country's GDP reached $2.5 billion, with a per capita GDP of $1,094.10. Agriculture remains the mainstay of the economy, employing over 60% of the population and contributing significantly to GDP. Manufacturing, particularly textiles and footwear, has also emerged as a key sector, accounting for around 15% of GDP. Lesotho's global trade is relatively limited, with exports primarily consisting of textiles, diamonds, and agricultural products. Imports, on the other hand, include machinery, vehicles, and food items. Government procurement plays a crucial role in the economy, with the public sector accounting for around 25% of GDP.

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