Lesotho

Capital: Maseru , GDP growth (annual %) 2016: 2.5 %
map
Key Facts

Full name: The Kingdom of Lesotho
Population: 2.2 million (UN, 2011)
Area: 30,355 sq km (11,720 sq miles)
Major languages: Sesotho, English
Major religion: Christianity
Life expectancy: 50 years (men), 48 years (women) (UN)
Monetary unit: 1 loti (L) = 100 lisente
Main exports: Water, diamonds, clothing, wool, mohair, food, livestock
GNI per capita: US $1,040 (World Bank, 2010)
Internet domain: .ls
International dialling code: +266

 

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  • Outlook for 2013-14

    2013/10/06

    The country (Lesotho) is situated in Southern Africa, an enclave of South Africa. It has borders with South Africa for 909km.
    Land in Lesotho is mostly highland with plateaus, hills, and mountains. Basotho land covers an area of 30355 km².

    The climate is cool to cold, dry winters; hot, wet summers. Mosotho (singular), Basotho (plural) speak Sesotho (southern Sotho), English (official), Zulu, Xhosa.

    Outlook for 2013-14

    • Political stability has been supported by the smooth transfer of power in June 2012 from the long-serving former prime minister, Pakalitha Mosisili, to Thomas Thabane, the leader of the All Basotho Convention (ABC).
    • The ruling coalition made up of the ABC, the Lesotho Congress for Democracy (LCD) and the Basotho National Party (BNP) is the initial of its kind in Lesotho, and there is some uncertainty about how it will fare.
    • The likelihood of a additional left-wing or nationalist schedule has increased following the transfer of power, but radical changes are unlikely and a broadly technocratic approach to economic policy is likely to be maintained.
    • Real GDP increase is estimate at 5.9% in 2013 as the second phase of the Lesotho Highlands Water Project begins, and at 5.3% in 2014 as mining performs well but manufacturing and agriculture record weak increase.
    • Inflation is estimate at 4.7% in 2013 and 5% in 2014, driven by trends in South Africa (the major source of Lesotho\'s imports) and world oil prices.
    • The current-account deficit is estimate at 21.2% of GDP in 2013 and 19% of GDP in 2014, owing to continued weak increase in textile exports and strong request for imports of capital goods. Financing difficulties are not expected.