Lesotho Economy

Lesotho Economy


  • Basic data
  • Public finances and the state budget
  • Banking system
  • Tax System

Basic data

1st paragraph: Outlook and state of GDP, indebtedness, fiscal stability, shocks, possible overheating of the economy, capital, regional comparison, inflation and unemployment.

2nd paragraph: Brief description of the structure of the economy (what is its main added value, what it produces, what it imports, etc.) Check ebizdir for economical facts of Lesotho.

Table from MOP + additionally balance of payments, indebtedness/GDP.

Pointer 2019 2020 2021 2022 2023
GDP growth (%) -0.4 -8.2 1.3 2.9 4
GDP/population (USD/PPP) 2,810.00 2,960.00 3,080.00 3,230.00 3,430.0
Inflation (%) 5.2 5 6 6.8 6.3
Unemployment (%) 22.4 24.6 ON ON ON
Export of goods (billion USD) 0.7 0.5 0.9 1.1 1.2
Import of goods (billion USD) 1.3 0.9 1.7 1.8 1.9
Trade Balance (Billion USD) -0.7 -0.7 -0.9 -0.9 -0.9
Industrial production (% change) ON ON ON ON ON
Population (millions) 2.1 2.1 2.2 2.2 2.2
Competitiveness ON ON ON ON ON
OECD export risk 06.VII 06.VII 06.VII ON ON

Source: EIU, OECD, IMD

Public finance and state budget

Public finance 2021
State budget balance (% of GDP) -5.6
Public debt (% of GDP) ON
Current account balance (billion USD) -0.1
Taxes 2022

1st paragraph: Current status + outlook. (information mostly from EIU)

Paragraph 2: Balance of payments, foreign exchange reserves, description of data in the table in the public finance section (i.e. state budget deficit/GDP, public debt/GDP), foreign indebtedness, debt service

Banking system

How does the banking system fare, closedness/openness of the system, regulation, development of interest rates, the strongest top 5 banks (domestic + possibly foreign) + a comment on each of them, information on letters of credit, any specifics (e.g. Islamic banks)

Tax system

(if possible use Deloitte tax guides and highlights, available on the website https://dits.deloitte.com/#TaxGuides )

1 paragraph Clear/unclear, stable/unstable tax system.

2 paragraph Taxation of FO (total and who bears it), PO, VAT.

3 paragraph. Expected development.

Trade and investment


  • Business Relationships
  • Foreign direct investment
  • FTAs ​​and Treaties
  • Development Cooperation
  • Prospective fields of study (MOP)

Business relations

Trade relations with the EU

(only for non-EU countries) General comment on trading with EU countries, comment on the numbers in the table, reasons for a positive or negative balance.

2017 2018 2019 2020 2021
Exports from the EU (million EUR) 10.5 8 13 11.7 14.9
Imports into the EU (million EUR) 269.7 351.2 301.7 271.2 219.7
Balance with the EU (million EUR) 259.1 343.1 288.7 259.6 204.8

Source: European Commission

Trade relations with the Czech Republic

Comment on the numbers in the table, the reasons for the positive or negative balance, comparison with the EU and what causes the differences.

2017 2018 2019 2020 2021
Exports from the Czech Republic (billion CZK) 0 0 0 0 ON
Imports to the Czech Republic (billion CZK) ON ON ON ON ON
Balance with the Czech Republic (billion CZK) 0 0 0 0 ON

Source: CZSO

Trade relations with countries outside the EU

Comment on the numbers in the table, the reasons for the positive or negative balance, comparison with the EU and what causes the differences.

2017 2018 2019 2020 2021
Exports from countries outside the EU (million EUR) 597.4 713.9 615.8 713.9 773.8
Imports to countries outside the EU (million EUR) 831.4 812.6 772.4 909.5 1 189.7
Balance with non-EU countries (million EUR) -234 -98.7 -156.6 -195.6 -415.9

Source: EIU, Eurostat

Foreign direct investment

Paragraph 1 General comment on the state of foreign direct investment (FDI) in the country (status, sectoral, territorial structure); development; investment environment, barriers

Paragraph 2 FDI of the Czech Republic in the country (status, development, sectoral composition) + if there is information, investments of specific companies; opportunities for Czech FDI in the country

FTAs and treaties

Treaties with the EU

Any FTAs ​​and bilateral or other agreements, list the important contractual basis and comment on the most important ones and describe what this means for mutual trade.

Contracts with the Czech Republic

Contract base + commentary in general and commentary on the most important contracts and what follows from them.

Developmental cooperation

Is the country a provider or recipient of development aid + brief comment. Information on the Development Cooperation Guarantee. (where relevant)

If the country is a provider, describe how Czech companies can get involved.

Prospective fields of study (MOP)

The main perspective fields briefly listed from the MOP + a brief comment and below that a link to the entire MOP of the given country.

Where it exists, there is also a sectoral analysis. (Made for some trips of the minister/deputy in cooperation with the University of West Bohemia)

Lesotho Economy