Lesotho

Description of Lesotho

Lesotho, a small landlocked country located in southern Africa, is known for its stunning mountainous terrain and rich cultural heritage. As one of the few countries in the world with all of its territory situated at high altitude, Lesotho offers a unique and breathtaking landscape that has attracted adventurers and nature lovers alike. With a population that is predominantly rural and heavily dependent on agriculture, Lesotho faces various challenges in terms of economic development and social progress. By delving into the macroeconomic indicators and geopolitical dynamics impacting Lesotho, we can gain deeper insight into the opportunities and obstacles facing this resilient nation.

Population And Age Structure

Lesotho's total population is 2,254,100, significantly below the average of 40,097,746. Lesotho ranks 143 out of 194 countries in total population data.

The percentage of population ages 0-14 in Lesotho is 34.23%, higher than the average of 27.34%. Lesotho ranks 57 out of 194 countries in this demographic.

With a total of 771,521 children aged 0-14, Lesotho falls below the average of 10,327,380 children in this age group. Lesotho ranks 134 out of 194 countries in this category.

The percentage of population ages 15-64 in Lesotho is 61.56%, slightly below the average of 63.44%. Lesotho ranks 135 out of 194 countries in this demographic.

Lesotho's total population aged 15-64 is 1,387,660, significantly lower than the average of 26,003,407 in this age group. Lesotho ranks 142 out of 194 countries in this category.

Population ages 65 and above in Lesotho account for 4.21% of the total population, much lower than the average of 9.22%. Lesotho ranks 134 out of 194 countries in this demographic.

There are 94,919 elderly individuals above 65 years old in Lesotho, below the average of 3,766,959. Lesotho ranks 148 out of 194 countries in this age group.

Summary

Lesotho, with a total population of 2,254,100, has a higher percentage of children aged 0-14 and a lower percentage of individuals aged 15-64 and 65 and above compared to global averages. These demographic trends are crucial as they impact the country's dependency ratio, healthcare needs, educational requirements, and workforce dynamics, ultimately influencing social welfare programs, economic development strategies, and public policy decisions in Lesotho.

Population Miscellaneous

Lesotho's rural population is 1,599,780, significantly below the average rural population of 18,044,041. Lesotho ranks 113th out of 190 countries in this attribute.

The urban population in Lesotho is 654,320, much lower than the average urban population of 22,425,747. Lesotho ranks 153rd out of 194 countries in urban population.

With a rural population (% of total population) of 70.972%, Lesotho exceeds the average of 41.158%. Lesotho ranks 26th out of 190 countries in this attribute.

Lesotho's urban population (% of total population) stands at 29.028%, below the average of 59.691%. Lesotho ranks 169th out of 194 countries in urban population percentage.

The age dependency ratio in Lesotho is 62.44%, slightly above the average of 59.22%. Lesotho ranks 60th out of 194 countries in this attribute.

Lesotho's crude birth rate is 26.378 per 1,000 people, higher than the average of 19.384. Lesotho ranks 51st out of 192 countries in this attribute.

With a crude death rate of 12.858 per 1,000 people, Lesotho is higher than the average of 8.214. Lesotho ranks 15th out of 192 countries in this attribute.

The total fertility rate in Lesotho is 3.049 births per woman, exceeding the average of 2.603. Lesotho ranks 56th out of 190 countries in this attribute.

Summary

Lesotho's population distribution leans heavily towards rural areas compared to urban areas, with a higher rural population percentage. This has implications for infrastructure development, resource allocation, and economic growth strategies in the country. Additionally, Lesotho's higher-than-average age dependency ratio, crude birth rate, crude death rate, and total fertility rate indicate challenges and opportunities for healthcare, social welfare, and economic stability in the nation.

Military

1. Lesotho's military expenditure is $38,618,836.53, significantly below the average of $12,904,993,617.17. This places Lesotho at a rank of 138 out of 149 countries in terms of military expenditure.

2. The military expenditure as a percentage of GDP in Lesotho is 1.82%, slightly below the average of 1.90%. Lesotho ranks 56 out of 148 countries in this aspect.

3. Lesotho has 2000 armed forces personnel, well below the average of 165,908.54 personnel. This positions Lesotho at a rank of 155 out of 164 countries.

4. The ratio of armed forces personnel to the total labor force in Lesotho is 0.21%, significantly lower than the average of 1.28%. This places Lesotho at a rank of 152 out of 164 countries.

Summary

Lesotho's military expenditure is notably below the global average, with a ranking of 138 out of 149 countries. The country's percentage of military expenditure to GDP is also slightly below average, placing Lesotho at 56 out of 148 countries. The low number of armed forces personnel and their ratio to the total labor force further highlight Lesotho's limited military capacity.

These findings are crucial as they indicate that Lesotho may have limited resources allocated to its defense sector compared to other countries. The low military expenditure and personnel numbers suggest potential challenges in ensuring national security and defense preparedness. Understanding these metrics is essential for evaluating Lesotho's defense capabilities and its position in the global security landscape.

Natural Resources

Lesotho's forest area covers 345.2 sq. km, well below the average of 211,606.11 sq. km, ranking 166 out of 191 countries in the dataset.

The land area of Lesotho is 30,360 sq. km, significantly less than the average of 665,166.51 sq. km, placing it at the 135th position out of 194 countries.

With a surface area of 30,360 sq. km, Lesotho falls far below the average of 689,779.56 sq. km, ranking 137th out of 194 countries.

Lesotho's arable land spans 429,000 hectares, considerably lower than the average of 7,329,543.16 hectares, placing it at the 129th position out of 190 countries.

The land under cereal production in Lesotho covers 65,340 hectares, significantly less than the average of 4,206,011.63 hectares, ranking 136th out of 174 countries.

Lesotho receives an average precipitation depth of 788 mm per year, below the average of 1,157.83 mm per year, and holds the 105th position out of 178 countries.

Regarding renewable internal freshwater resources, Lesotho has 5.23 billion cubic meters, notably lower than the average of 240.41 billion cubic meters, ranking 137th out of 178 countries.

Summary

Lesotho ranks below average in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, precipitation depth, and renewable internal freshwater resources. These statistics indicate limited natural resources and agricultural potential in the country, which could constrain economic development and food security. Addressing these challenges will be crucial for sustainable growth and resilience in Lesotho's economy.

Resource Rents

Lesotho's total natural resources rents account for 4.56% of its GDP, slightly below the average of 4.63%. The country ranks 56 out of 175 countries in this attribute.

When it comes to forest rents, Lesotho's percentage of 4.56% is significantly higher than the average of 1.53%, indicating a strong reliance on this resource. Lesotho holds the 18th rank out of 174 countries in this category.

Summary

Lesotho exhibits a notable reliance on forest rents, with a percentage of 4.56% compared to the global average of 1.53%, positioning it at the 18th rank globally. In terms of total natural resources rents, Lesotho's 4.56% contribution to GDP places it slightly below the worldwide average of 4.63%, ranking 56th among 175 countries. These statistics are crucial as they highlight Lesotho's economic dependence on natural resources, emphasizing the significance of sustainable resource management and diversification to mitigate risks associated with fluctuations in resource revenues.

Commodities

Lesotho's cereal production of 28,534.31 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 151st out of 174 countries.

With an aquaculture production of 2,601 metric tons, Lesotho falls well below the average of 679,642.92 metric tons, placing 107th out of 180 countries.

In terms of capture fisheries production, Lesotho's output of 57 metric tons is far lower than the average of 467,453.06 metric tons, ranking 184th out of 190 countries.

Lesotho's total fisheries production stands at 2,658 metric tons, also below the average of 1,153,914.85 metric tons, placing the country at 164th out of 182 countries.

The fertilizer consumption in Lesotho is 8.67 kilograms per hectare of arable land, much lower than the average of 159.04 kilograms. Lesotho ranks 163rd out of 187 countries in this aspect.

Summary

Lesotho's agricultural sector faces challenges as indicated by its significantly lower-than-average cereal production, aquaculture production, capture fisheries production, and total fisheries production. The country's low fertilizer consumption per hectare of arable land further highlights the need for increased investment in agricultural inputs and modern farming techniques to improve productivity and food security. Addressing these issues is crucial for Lesotho's economic development and self-sufficiency in food production.

Intellectual Property

For Trademark applications by nonresident, Lesotho has a value of 1973, which is significantly below the average of 15878. Lesotho ranks 102 out of 130 countries in this attribute.

Regarding Trademark applications by resident, Lesotho's value of 68 is well below the average of 111055. Lesotho is ranked 121 out of 129 countries for this attribute.

Lesotho's Scientific and technical journal articles value of 35.94 is far lower than the average of 15103. Lesotho is ranked 152 out of 192 countries in this aspect.

In terms of Charges for the use of intellectual property payments, Lesotho's value is 2617982.93, significantly below the average of 3218843494. Lesotho ranks 119 out of 143 countries for this statistic.

For Charges for the use of intellectual property receipts, Lesotho's value of 175670.80 is notably lower than the average of 3191687117. Lesotho is placed at the 101st position out of 122 countries in this aspect.

Summary

Lesotho performs below average in key macroeconomic indicators such as Trademark applications, Scientific and technical journal articles, Charges for the use of intellectual property payments, and Charges for the use of intellectual property receipts. These low rankings indicate a lack of innovation, research and development activity, and intellectual property transactions within the country. Such limitations can hinder Lesotho's ability to compete on a global scale, attract foreign direct investment, and drive economic growth in an increasingly knowledge-based economy.

Broad Economy Attributes

In terms of GDP (current US$), Lesotho's value of 2067813018.99465 is significantly below the average of 442870224838.6818. Lesotho is ranked 166 out of 189 countries in this attribute.

For GDP, PPP (current international $), Lesotho's value of 5296904200.88022 is well below the average of 734141122350.7834. Lesotho is ranked 157 out of 181 countries in this attribute.

Lesotho's GDP per capita (current US$) of 917.356381258442 is notably lower than the average of 15462.110490032519. The country is ranked 167 out of 190 countries in this aspect.

Regarding GDP per capita, PPP (current international $), Lesotho's value of 2349.89760919224 falls below the average of 21251.891197051147. The country is ranked 161 out of 181 countries in this category.

Lesotho's GNI (current US$) of 2449484452.52643 is much lower than the average of 452040815370.6972. Lesotho is placed at 161 out of 185 countries in this attribute.

For GNI, PPP (current international $), Lesotho's value of 6274592706.10752 is significantly below the average of 730698223823.4666. Lesotho is ranked 155 out of 181 countries in this context.

In terms of GNI per capita, PPP (current international $), Lesotho's figure of 2780 is well below the average of 20615.74585635359. Lesotho ranks 157 out of 181 countries in this criterion.

Summary

Lesotho lags behind global averages in key macroeconomic indicators such as GDP, GDP per capita, and GNI, both in current US dollars and PPP terms. The country's rankings are consistently below average across these indicators, indicating economic challenges that may hinder sustainable development and quality of life for its citizens.

Broad Value Added

Lesotho's Gross value added at basic prices (GVA) is $1.85 billion, ranking 157th out of 176 countries. This value is significantly below the average GVA of $360.07 billion.

In terms of Agriculture, forestry, and fishing, value added (% of GDP), Lesotho contributes 5.27% to its GDP, ranking 111th out of 182 countries. This percentage is below the average of 10.86%.

Lesotho's Agriculture, forestry, and fishing, value added in current US dollars is $109.01 million, placing it at the 163rd position out of 182 countries. This value is notably lower than the average of $19.92 billion.

The Services value added (% of GDP) in Lesotho is 53.73%, ranking 110th out of 183 countries. This percentage falls below the average of 56.72%.

Lesotho's Services value added in current US dollars is $1.11 billion, securing the 164th position out of 183 countries. This amount is substantially lower than the average of $295.84 billion.

When it comes to Industry (including construction) value added in current US dollars, Lesotho's value is $638.49 million, ranking 155th out of 183 countries. This figure is notably below the average of $118.42 billion.

Summary

Lesotho's economy ranks below average in key macroeconomic indicators such as Gross Value Added, Agriculture, forestry, and fishing contribution to GDP, Services value added, and Industry value added. These statistics indicate that Lesotho faces challenges in diversifying its economy beyond agriculture, forestry, and fishing. It suggests a need for the country to focus on developing other sectors such as services and industry to boost economic growth, create job opportunities, and reduce reliance on traditional sectors.

Manufacturing Value Added

Lesotho's Manufacturing, value added (current US$) is $335,741,220.44, significantly lower than the attribute average of $76,207,179,589.66. This places Lesotho at rank 145 out of 173 countries in the dataset.

Furthermore, Lesotho's Manufacturing, value added (% of GDP) is 16.24%, higher than the attribute average of 11.90%. This places Lesotho at a relatively good position, ranking 40 out of 173 countries in the dataset.

Summary

Lesotho's manufacturing sector contributes a relatively small amount to its GDP compared to the global average but surpasses the average percentage in the dataset, indicating a relatively strong manufacturing performance within the country. Despite a lower total value added in manufacturing, Lesotho's focus on this sector is notable and signifies potential for further growth and economic development.

Money

Lesotho's consumer price inflation stands at 4.98%, which is below the average of 8.26%. The country is ranked 39th out of 165 countries in this regard.

Regarding GDP deflator inflation, Lesotho's rate is 7.77%, slightly higher than the average of 6.90%. The country holds the 24th rank out of 188 countries included in the data.

Lesotho's broad money growth is at 17.12%, slightly below the average of 18.03%. The country is ranked 47th out of 139 countries in this metric.

For broad money as a percentage of GDP, Lesotho's value is 41.97%, significantly lower than the average of 71.75%. In this aspect, Lesotho ranks 103rd out of 139 countries.

Summary

Lesotho demonstrates a mixed economic performance across key indicators. While the country maintains a relatively low consumer price inflation rate compared to the global average, it experiences higher-than-average GDP deflator inflation. Additionally, Lesotho's broad money growth is slightly below the global average, but its broad money as a percentage of GDP is significantly lower than the average. These indicators are crucial as they reflect Lesotho's monetary policy effectiveness, economic stability, and potential for future growth and development.

Consumption Expenditure

Final consumption expenditure (current US$): Lesotho's final consumption expenditure is $2,590,953,238.34, significantly below the attribute average of $381,630,252,515.38. Lesotho ranks 141 out of 159 countries in this data set.

Final consumption expenditure (% of GDP): Lesotho's final consumption expenditure as a percentage of GDP is 125.30%, well above the attribute average of 82.37%. Lesotho ranks 4 out of 159 countries in this data set.

General government final consumption expenditure (current US$): Lesotho's general government final consumption expenditure is $762,513,751.51, far below the attribute average of $93,676,578,238.03. Lesotho ranks 138 out of 158 countries in this data set.

General government final consumption expenditure (% of GDP): Lesotho's general government final consumption expenditure as a percentage of GDP is 36.88%, above the attribute average of 18.71%. Lesotho ranks 7 out of 158 countries in this data set.

Household and NPISHs Final consumption expenditure (current US$): Lesotho's household and NPISHs final consumption expenditure is $1,828,439,480.76, significantly lower than the attribute average of $290,127,571,157.69. Lesotho ranks 141 out of 158 countries in this data set.

Households and NPISHs final consumption expenditure (% of GDP): Lesotho's household and NPISHs final consumption expenditure as a percentage of GDP is 88.42%, higher than the attribute average of 63.68%. Lesotho ranks 13 out of 158 countries in this data set.

Summary

Lesotho exhibits lower final consumption expenditure in both absolute terms and as a percentage of GDP compared to the attribute averages. Particularly, the country's general government final consumption expenditure is notably below average, signaling potential limitations in public spending capabilities. This could have implications for Lesotho's economic development, social welfare programs, and overall GDP growth.

Investment

Lesotho's net Foreign Direct Investment (FDI) is -$28,001,666.92, which is above the average of -$1,615,235,980.51, ranking 48th out of 169 countries.

The country's net inflows of FDI amount to $28,001,666.92, significantly below the average of $5,749,271,080.15, placing Lesotho at the 139th position out of 182 countries.

Lesotho's net inflows of FDI as a percentage of GDP stand at 1.35%, which is below the average of 2.61%, ranking 101st out of 178 countries.

Lesotho's Portfolio Investment stands at $133,836,151.09, which is below the average of $679,559,169.57, placing the country at the 58th position out of 159 countries.

Regarding Portfolio Equity net inflows, Lesotho records $198,239.62, markedly below the average of $9,197,145,994.70, ranking 62nd out of 125 countries.

Summary

Lesotho's performance in key macroeconomic indicators such as Foreign Direct Investment (FDI) and Portfolio Investment falls below global averages, indicating a relatively lower level of international financial integration. The country's ranking among other nations underscores the need for Lesotho to attract more foreign investments to stimulate economic growth and diversify its sources of capital inflows.

Debt

- Lesotho's Total debt service (% of GNI) is 2.98%, which is below the average of 5.98%. It ranks 74 out of 120 countries in the dataset.
- The country's Public and publicly guaranteed debt service (% of GNI) is 2.44%, slightly below the average of 2.84%. Lesotho ranks 57 out of 120 countries.
- Lesotho's External debt stocks (% of GNI) stand at 70.94%, higher than the average of 65.42%. The country ranks 35 out of 120 nations.
- In terms of Debt service on external debt, total (TDS), Lesotho's value is $73,079,643.2, significantly below the average of $9,811,195,839.23. The country ranks 101 out of 123 countries.
- The Debt service on external debt, public and publicly guaranteed (PPG) in Lesotho is $59,818,360.7, below the average of $3,310,612,057.60. Lesotho ranks 98 out of 123 countries.
- Lesotho's External debt stocks, public and publicly guaranteed (PPG) amount to $930,780,527.70, well below the average of $28,695,879,144.98. Lesotho ranks 105 out of 123 countries.
- The country's External debt stocks, private nonguaranteed (PNG) is $685,400,000, significantly lower than the average of $33,734,699,285.22. Lesotho ranks 72 out of 91 countries.
- Lesotho's External debt stocks, total amount to $1,737,618,388.90, well below the average of $73,845,530,111.82. The country ranks 102 out of 123 nations.

Summary

Lesotho demonstrates a prudent approach towards managing its external debt and debt service obligations. With debt service indicators below average, particularly in comparison to external debt stocks, Lesotho's fiscal responsibility is noteworthy. Despite ranking lower in some categories, such as external debt stocks, the country's ability to keep debt service payments in check signifies stability and potential for sustainable economic growth.

Broad Trade Attributes

Lesotho's Trade (% of GDP) is 139.80, surpassing the average of 82.34. With a rank of 18 out of 163 countries, Lesotho demonstrates a strong reliance on trade for its GDP.

In terms of Merchandise trade (% of GDP), Lesotho's value of 107.60 is significantly higher than the average of 60.01. With the same rank of 18 out of 186 countries, Lesotho maintains a robust trade in goods.

Lesotho's Trade in services (% of GDP) stands at 19.18, below the average of 24.63. Ranked 66 out of 171 countries, there is room for Lesotho to potentially increase its services trade to align with the global average.

Lesotho's External balance on goods and services in current US$ is -1,077,112,613.35, significantly below the average of $3,405,509,011.13. With a rank of 106 out of 163 countries, Lesotho faces challenges in balancing its international trade in goods and services.

Finally, Lesotho's External balance on goods and services (% of GDP) is -52.09, much lower than the average of -5.97. Ranked 162 out of 163 countries, Lesotho's negative balance portrays a significant deficit in the trade of goods and services relative to its GDP.

Summary

Lesotho demonstrates a strong reliance on trade, with Trade (% of GDP) and Merchandise trade (% of GDP) surpassing global averages. However, there is room for improvement in Trade in services (% of GDP) to align with the global average. Lesotho faces challenges in balancing its international trade, as indicated by the significantly negative External balance on goods and services in both absolute and relative terms.

These findings are crucial as they highlight Lesotho's economic dependence on trade and the need to diversify its trade portfolio to achieve a more balanced external position. Addressing the trade deficit and enhancing the services sector could contribute to Lesotho's economic stability and long-term growth prospects.

Net Trade

Lesotho's current account balance is -35401701.26 USD, which is significantly below the average of 1443864831.49 USD (rank 72 out of 170 countries). The current account balance as a percentage of GDP for Lesotho is -1.71%, slightly better than the average of -2.36% (rank 88 out of 170 countries). Lesotho's net trade in goods and services is -1083417637.09 USD, far below the average of 2604730003.57 USD (rank 107 out of 171 countries).

Lesotho's net primary income stands at 405090504.95 USD, exceeding the average of -903807529.74 USD (rank 25 out of 170 countries). However, Lesotho's net secondary income is 642925430.88 USD, significantly higher than the average of -269227340.40 USD (rank 70 out of 170 countries).

Furthermore, Lesotho's net trade in goods is -713497997.73 USD, notably below the average of 1302831005.68 USD (rank 98 out of 171 countries). The country's net capital account stands at 93365337.43 USD, lower than the average of 136543824.05 USD (rank 70 out of 159 countries). Lastly, Lesotho's net financial account is 286793722.97 USD, surpassing the average of -469840994.63 USD (rank 60 out of 170 countries).

Summary

Lesotho's current account balance and net trade in goods and services indicate a significant deficit, positioning the country below average compared to its global counterparts. However, the country performs well in terms of net primary income and net secondary income. These figures suggest that while Lesotho faces challenges in trade balance, it derives strength from income generation activities. Understanding these macroeconomic indicators is crucial for policymakers to address trade imbalances and leverage income sources to drive sustainable economic growth.

Broad Export Attributes

Lesotho's exports of goods, services, and primary income amount to $1,415,329,400.90, which is significantly below the average of $146,238,908,936.30. This places Lesotho at rank 145 out of 170 countries in the dataset.

The country's exports of goods and services total $902,123,159.13, also falling below the average of $122,938,540,059.78. Lesotho ranks 149 out of 170 countries in this category.

With exports of goods and services at $906,844,369.73, Lesotho is below the average of $129,596,864,610.19. The country ranks 143 out of 163 nations included in the dataset for this attribute.

Lesotho's exports of goods and services as a percentage of GDP are 43.86%, higher than the average of 38.19%. This places Lesotho at rank 42 out of 163 countries.

For goods exports totaling $888,797,225.76, Lesotho falls short of the average of $93,310,581,697.39. The country ranks 140 out of 171 nations included in this attribute.

Lesotho's ICT goods exports account for 0.74% of total goods exports, notably below the average of 3.81%. The country ranks 69 out of 142 countries for this attribute.

Summary

Lesotho's exports of goods, services, and primary income, as well as exports of goods and services, are significantly below the global average, leading to lower rankings in these categories. However, the country's exports of goods and services as a percentage of GDP are relatively higher compared to the average, indicating a strong export-oriented economy. The low percentage of ICT goods exports highlights a potential area for diversification and growth in Lesotho's export sector.

These findings are important as they indicate Lesotho's reliance on traditional exports and the potential for economic growth through diversification into high-tech and value-added sectors. Enhancing the competitiveness of ICT goods exports could not only boost the country's overall export performance but also drive innovation and economic advancement in the long term.

Merchandise Exports

Lesotho's Merchandise exports amount to $845 million, significantly below the average of $89.5 billion. The country ranks 147th out of 187 countries in this attribute.

Agricultural raw materials exports account for 5.63% of Lesotho's merchandise exports, above the average of 2.97%. Lesotho ranks 22nd out of 151 countries in this category.

Lesotho's Food exports represent 9.99% of merchandise exports, below the average of 24.06%. The country ranks 103rd out of 152 nations for this metric.

Fuel exports contribute a minuscule 0.014% to Lesotho's merchandise exports, significantly lower than the average of 13.70%. Lesotho holds the 138th rank out of 147 countries in this aspect.

Ores and metals exports constitute 0.18% of Lesotho's merchandise exports, well below the average of 9.10%. Lesotho ranks 146th out of 152 countries in this attribute.

Summary

Lesotho's merchandise exports are significantly lower than the global average, ranking 147th out of 187 countries. However, the country performs relatively well in exporting agricultural raw materials, ranking 22nd out of 151 countries. In contrast, Lesotho faces challenges in food exports, fuel exports, and ores/metals exports, ranking below the global average in these categories. These indicators are crucial as they reflect Lesotho's economic specialization, trade competitiveness, and potential for diversification.

Technology Exports

Lesotho's manufactures exports account for 84.16% of its merchandise exports, exceeding the average of 42.62%. This places Lesotho at the 15th rank out of 152 countries in the dataset.

Lesotho's high-technology exports amount to $237,290, significantly below the average of $16,655,934,078.80. This places Lesotho at the 141st rank out of 151 countries in the dataset.

Lesotho's high-technology exports as a percentage of manufactured exports stand at 0.03%, much lower than the average of 10.15%. This places Lesotho at the 150th rank out of 150 countries in the dataset.

Summary

Lesotho's heavy reliance on traditional manufacturing exports indicates a potential vulnerability to global market fluctuations and competition. The country's low participation in high-technology exports highlights a gap in leveraging technological advancements for economic growth and diversification. Addressing these disparities is crucial for Lesotho to enhance its export competitiveness, foster economic resilience, and stimulate sustainable development.

Service Exports

Lesotho's service exports amount to $13,325,933.37, significantly below the average of $28,917,292,503.82, ranking 168th out of 171 countries in the dataset.

Lesotho's ICT service exports of $22,356.24 are way below the average of $4,578,501,153.77, placing Lesotho at 166th out of 166 countries in this category.

The percentage of ICT service exports in Lesotho is 0.17%, far lower than the average of 11.75%, with Lesotho ranking 164th out of 166 countries.

Lesotho's communications, computer, etc. services contribute 49.04% to its service exports, higher than the average of 45.85%, placing Lesotho at 83rd out of 169 countries.

Transport services contribute only 3.75% to Lesotho's service exports, well below the average of 21.80%, with Lesotho ranking 151st out of 169 countries.

Travel services contribute significantly to Lesotho's service exports at 47.01%, much higher than the average of 26.40%. This ranks Lesotho 30th out of 167 countries.

Lesotho's insurance and financial services share in service exports is 0.20%, well below the average of 6.46%, positioning Lesotho at 155th out of 161 countries.

Summary

Lesotho's service exports are significantly below global averages across various sectors such as ICT, transportation, and financial services. The country excels in travel services, contributing a substantial portion to its service exports. These findings highlight areas where Lesotho may need to focus on improving competitiveness and diversification to enhance its overall macroeconomic resilience and growth potential.

Commercial Service Exports

Lesotho's commercial service exports amount to $11,110,529.36, significantly below the average of $28,508,218,402.80, placing Lesotho at a rank of 168 out of 171 countries in this category.

Travel services represent 56.39% of Lesotho's commercial service exports, higher than the average of 27.89%. This places Lesotho at a rank of 25 out of 167 countries.

Computer, communications, and other services form 38.87% of Lesotho's commercial service exports, slightly below the average of 42.44%. Lesotho ranks 98th out of 169 countries.

Lesotho's insurance and financial services constitute only 0.24% of its commercial service exports, significantly under the average of 6.97%. This places Lesotho at a rank of 155 out of 161 countries.

Transport services make up 4.50% of Lesotho's commercial service exports, well below the average of 23.37%. Lesotho ranks 149th out of 169 countries in this aspect.

Summary

Lesotho's commercial service exports are lower than the global average across all sectors analyzed: travel services, computer, communications, and other services, insurance and financial services, and transport services. This puts Lesotho at relatively lower ranks compared to other countries. Understanding these figures is crucial as it highlights areas where Lesotho may need to focus on improving its service exports to enhance its economic competitiveness on the global stage.

Broad Import Attributes

Lesotho's imports of goods and services (current US$) amount to $1.98 billion, ranking 136 out of 163 countries. This value is significantly below the attribute average of $126.19 billion.

Imports of goods and services (% of GDP) in Lesotho stand at 95.94%, ranking 8 out of 163 countries. This is notably above the attribute average of 44.15%.

Lesotho's international tourism expenditures (% of total imports) are at 13.95%, positioning the country at rank 6 out of 131. This figure is considerably higher than the attribute average of 3.98%.

The country's ICT goods imports (% total goods imports) are relatively low at 2.60%, placing Lesotho at rank 127 out of 143 countries. This is below the attribute average of 6.85%.

Regarding goods imports (BoP, current US$), Lesotho's value is $1.60 billion, ranking 142 out of 171 countries. This falls significantly below the attribute average of $92.01 billion.

Lesotho's imports of goods and services (BoP, current US$) are valued at $1.99 billion, with a rank of 142 out of 170 countries. This figure is notably lower than the attribute average of $120.32 billion.

Lastly, Lesotho's imports of goods, services, and primary income (BoP, current US$) come in at $2.09 billion, positioning the country at rank 145 out of 170 countries. The value is well below the attribute average of $144.51 billion.

Summary

Lesotho's high imports of goods and services as a percentage of GDP, coupled with its significant international tourism expenditures as a percentage of total imports, indicate a heavy reliance on foreign goods and services. However, the low percentage of ICT goods imports suggests a potential opportunity for growth in technological infrastructure. These indicators are important as they highlight Lesotho's trade dependencies and areas for potential economic diversification and development.

Merchandise Imports

Lesotho's merchandise imports amount to $1.38 billion, ranking 156th out of 190 countries. This is significantly below the average merchandise imports of $89.39 billion.

Manufactures imports account for 64.30% of Lesotho's merchandise imports, slightly below the average of 66.76%. Lesotho ranks 97th out of 152 countries in this attribute.

Lesotho's agricultural raw materials imports represent 1.89% of its merchandise imports, surpassing the average of 1.27%. The country holds the 24th position out of 152 countries in this category.

Food imports contribute to 22.05% of Lesotho's merchandise imports, higher than the average of 15.89%. Lesotho ranks 29th out of 152 countries for food imports.

Lesotho's fuel imports make up 11.16% of its merchandise imports, slightly below the average of 11.38%. The country ranks 73rd out of 152 countries in fuel imports.

Ores and metals imports constitute only 0.45% of Lesotho's merchandise imports, significantly lower than the average of 2.57%. Lesotho ranks 142nd out of 152 countries for ores and metals imports.

Summary

Lesotho's merchandise imports are relatively low compared to the global average, with a significant focus on manufactured goods and food imports. The country also shows a notable interest in agricultural raw materials. However, its imports of ores and metals are significantly below average, indicating potential areas for development in the mining sector. Understanding these import patterns is crucial for Lesotho's trade policies and economic diversification strategies to enhance domestic production capabilities and reduce dependency on certain imported goods.

Service Imports

1. Service imports (BoP, current US$): Lesotho's service imports amount to $383,245,572.73, significantly below the average of $27,615,356,170.47. This places Lesotho at rank 149 out of 171 countries in the dataset.

2. Communications, computer, etc. (% of service imports, BoP): Lesotho's percentage of service imports allocated to communications, computer, etc. is 13.04%, lower than the average of 44.40%. It ranks 161 out of 169 countries.

3. Transport services (% of service imports, BoP): Lesotho allocates 12.54% of its service imports to transport services, which is below the average of 32.90%. This places Lesotho at rank 162 out of 169 countries.

4. Travel services (% of service imports, BoP): Lesotho's travel services represent 71.72% of its service imports, significantly higher than the average of 14.14%. This places Lesotho at rank 2 out of 169 countries.

5. Insurance and financial services (% of service imports, BoP): Lesotho allocates 2.70% of its service imports to insurance and financial services, below the average of 8.53%. It ranks 145 out of 169 countries in this regard.

Summary

Lesotho's key macroeconomic indicators for service imports show that the country has a significantly low total service import value compared to the average. The country allocates a lower percentage of its service imports to communications, computer, and transport services, ranking lower in these categories. However, Lesotho stands out for allocating a high percentage of service imports to travel services, ranking 2nd out of 169 countries. These indicators are important as they reflect Lesotho's economic priorities, trade relationships, and potential areas for growth and development.

Commercial Service Imports

Lesotho's commercial service imports amount to $376,659,792.04, significantly below the attribute average of $27,102,746,128.60. The country ranks 149th out of 171 countries in this category.

Computer, communications, and other services as a percentage of commercial service imports in Lesotho stand at 11.52%, below the average of 41.71%. Lesotho ranks 157th out of 169 countries in this aspect.

Insurance and financial services represent 2.75% of Lesotho's commercial service imports, a figure lower than the 8.85% average. Lesotho ranks 149th out of 169 countries in this segment.

Transport services constitute 12.76% of Lesotho's commercial service imports, falling below the average of 34.71%. Lesotho ranks 162nd out of 169 countries for transport services.

Travel services make up a substantial 72.97% of Lesotho's commercial service imports, well above the average of 14.73%. This high ranking of 2nd out of 169 countries showcases the significant importance of travel services for Lesotho's economy.

Summary

Lesotho's commercial service imports are significantly below the global average, with the country ranking low in various service categories such as computer, communications, insurance, financial, and transport services. However, the high ranking in travel services highlights the sector's crucial role in Lesotho's economy.

These findings are important as they indicate areas where Lesotho may need to focus on improving competitiveness and efficiency in the services sector. Additionally, the reliance on travel services suggests a strong potential for growth and development in this particular area, which could be further leveraged to boost the country's overall economic health.

Information Technology Infrastructure

Lesotho has 150 secure internet servers, which is significantly below the average of 458,294. Lesotho is ranked 153 out of 193 countries for this attribute.

With 66.55 secure internet servers per 1 million people, Lesotho falls far below the average of 14,067. Lesotho is ranked 143 out of 193 countries for this metric.

42.86% of the population in Lesotho uses the internet, below the average of 64.77%. Lesotho is ranked 139 out of 180 countries for individuals using the internet.

Lesotho has 5,060 fixed broadband subscriptions, significantly lower than the average of 6,591,956. Lesotho is ranked 169 out of 185 countries for fixed broadband subscriptions.

With 1,562,648 mobile cellular subscriptions, Lesotho falls below the average of 42,526,464. Lesotho is ranked 150 out of 193 countries for mobile cellular subscriptions.

Summary

Lesotho lags behind global averages in key macroeconomic indicators related to internet infrastructure and access. With significantly fewer secure internet servers, low internet usage among the population, and fewer fixed broadband subscriptions and mobile cellular subscriptions compared to the global average, Lesotho faces challenges in digital connectivity and communication infrastructure development. This could hinder the country's ability to participate effectively in the digital economy, access essential online services, and leverage technology for social and economic development.

Energy Consumption

The renewable energy consumption in Lesotho is at 41.42%, which is above the global average of 32.18%. Lesotho ranks 60th out of 191 countries in this attribute.

Lesotho's CO2 emissions are at 2311.9 kt, significantly below the average of 171895.94 kt. In this aspect, Lesotho is ranked 145th out of 188 countries surveyed.

Summary

Lesotho stands out for its high renewable energy consumption at 41.42%, surpassing the global average of 32.18%, positioning it 60th worldwide. Moreover, the country's low CO2 emissions of 2311.9 kt, well below the global average of 171895.94 kt, position Lesotho at 145th place out of 188 countries studied. These figures indicate that Lesotho is making significant strides towards sustainability and environmental stewardship, showcasing its commitment to reducing carbon emissions and promoting renewable energy sources.

Government Balance Sheet

Lesotho's Net acquisition of financial assets is at -1.82% of GDP, significantly below the average of 2.45%. This places Lesotho at rank 76 out of 87 countries in the dataset for this attribute.

The Central government debt, total (% of GDP) in Lesotho stands at 2.97%, far below the average of 74.12%. Lesotho ranks 61 out of 61 countries for this metric.

Lesotho's Net incurrence of liabilities (% of GDP) is 2.34%, below the average of 7.43%. The country ranks 81 out of 92 in this category.

Reserves and related items in Lesotho amount to $77,959,704.50, well below the average of $1,924,407,186.58. Lesotho's rank is 74 out of 171 countries included in the dataset for this attribute.

Summary

Lesotho demonstrates a conservative approach in its financial management, with key indicators such as net acquisition of financial assets, central government debt, and net incurrence of liabilities all below global averages. The country's reserves and related items are also notably lower than the average. These indicators suggest that Lesotho may prioritize fiscal stability and debt management, potentially reducing risks of financial instability and ensuring sustainable economic growth.

Government Revenue

Lesotho's revenue, excluding grants, accounts for 41.11% of its GDP, exceeding the attribute average of 27.02%. This places Lesotho at rank 9 out of 122 countries in the dataset.

Grants and other revenue make up 34.71% of Lesotho's total revenue, higher than the attribute average of 23.54%. Lesotho is ranked 20 out of 108 countries in this aspect.

With taxes on goods and services at 30.86% of revenue, Lesotho falls slightly below the average of 31.82%. The country is ranked 70 out of 122 countries in this category.

Lesotho's taxes on international trade stand at 14.46% of revenue, significantly higher than the average of 6.24%. This places Lesotho at rank 13 out of 101 countries.

Regarding taxes on income, profits, and capital gains, at 19.97% of revenue, Lesotho is below the average of 24.66%. The country ranks 72 out of 119 countries in this aspect.

Summary

Lesotho's revenue structure demonstrates a higher reliance on grants and other revenue sources compared to taxes. The country's strong performance in taxes on international trade indicates a significant portion of revenue generated through this channel. However, Lesotho falls behind in taxes on income, profits, and capital gains which may signify a need to potentially review tax policies to enhance revenue generation diversification.

These findings are crucial as they highlight Lesotho's fiscal strengths and weaknesses, providing insights for policymakers to optimize revenue generation strategies for sustainable economic development and financial stability in the long run.

Taxes

Lesotho's tax revenue accounts for 35.75% of its GDP, which is significantly higher than the average of 16.72%. With a rank of 2 out of 123 countries, Lesotho outperforms most in this aspect.

Customs and other import duties in Lesotho contribute 22.14% of its tax revenue, surpassing the average of 9.01%. Lesotho holds the 10th position out of 99 countries for this indicator.

Taxes on income, profits, and capital gains make up 30.59% of total taxes in Lesotho, below the average of 38.40%. The country ranks 84th out of 120 countries in this category.

Lesotho's weighted mean applied tariff rate for all products is 3.31%, lower than the average of 5.21%. With a rank of 81 out of 153 countries, Lesotho performs moderately in this aspect.

Summary

Lesotho exhibits a strong reliance on tax revenue compared to its GDP, with a significantly higher percentage than the global average. The country excels in generating tax revenue through customs and import duties, outperforming most nations. However, there is room for improvement in income, profits, and capital gains taxes where Lesotho falls below the global average. Maintaining a low weighted mean applied tariff rate could potentially attract foreign investment and foster economic growth.

Government Expenses

Lesotho's Expense (% of GDP) is 42.99%, which is above the average of 31.69%. This places Lesotho at rank 21 out of 123 countries.

Lesotho's Compensation of employees (% of expense) is 41.21%, significantly higher than the average of 24.70%. This puts Lesotho at rank 17 out of 123 countries.

Lesotho's Goods and services expense (% of expense) is 15.93%, slightly higher than the average of 14.77%. Lesotho ranks 44 out of 122 countries in this attribute.

Lesotho's Interest payments (% of expense) is 3.72%, notably below the average of 6.85%. Lesotho is ranked 72nd out of 121 countries in this aspect.

Lesotho's Other expense (% of expense) is 6.33%, lower than the average of 8.29%. This places Lesotho at rank 56 out of 120 countries.

Lesotho's Subsidies and other transfers (% of expense) is 32.82%, below the average of 43.29%. Lesotho ranks 80th out of 121 countries in this category.

Summary

Lesotho's Expense as a percentage of GDP is higher than the average, indicating a relatively higher level of spending compared to the size of its economy. This is reflected in its ranking of 21 out of 123 countries. Moreover, Lesotho allocates a significantly larger portion of its expenses towards Compensation of employees, underscoring the importance of labor costs in the country's economic structure.

These statistics are important as they provide insights into Lesotho's fiscal priorities and economic structure. A higher allocation towards employee compensation could indicate a focus on human capital development and welfare, while lower interest payments relative to expenses could suggest a sustainable debt management strategy. Understanding these indicators can help policymakers and investors gauge the country's economic health and potential for growth.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Death rate, crude (per 1,000 people)	15/192
Final consumption expenditure (% of GDP)	4/159
General government final consumption expenditure (% of GDP)	7/158
Households and NPISHs final consumption expenditure (% of GDP)	13/158
Merchandise trade (% of GDP)	18/186
Manufactures exports (% of merchandise exports)	15/152
Imports of goods and services (% of GDP)	8/163
International tourism, expenditures (% of total imports)	6/131
Travel services (% of service imports, BoP)	2/169
Travel services (% of commercial service imports)	2/169
Revenue, excluding grants (% of GDP)	9/122
Tax revenue (% of GDP)	2/123

Ranks in Bottom Decile For:

Attribute	Rank/Total
Military expenditure (current USD)	138/149
Armed forces personnel, total	155/164
Armed forces personnel (% of total labor force)	152/164
Capture fisheries production (metric tons)	184/190
Total fisheries production (metric tons)	164/182
Trademark applications, resident, by count	121/129
External balance on goods and services (% of GDP)	162/163
Fuel exports (% of merchandise exports)	138/147
Ores and metals exports (% of merchandise exports)	146/152
High-technology exports (current US$)	141/151
High-technology exports (% of manufactured exports)	150/150
Service exports (BoP, current US$)	168/171
ICT service exports (BoP, current US$)	166/166
ICT service exports (% of service exports, BoP)	164/166
Insurance and financial services (% of service exports, BoP)	155/161
Commercial service exports (current US$)	168/171
Insurance and financial services (% of commercial service exports)	155/161
Ores and metals imports (% of merchandise imports)	142/152
Communications, computer, etc. (% of service imports, BoP)	161/169
Transport services (% of service imports, BoP)	162/169
Computer, communications and other services (% of commercial service imports)	157/169
Transport services (% of commercial service imports)	162/169
Fixed broadband subscriptions	169/185
Central government debt, total (% of GDP)	61/61