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GDP Growth and Public Finance in Lesotho: FY2019/20

GDP Growth and Public Finance in Lesotho: FY2019/20

GDP Growth and Public Finance in Lesotho: FY2019/20
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  • Create Date Aug 7, 2019
  • Last Updated Nov 4, 2019

GDP Growth and Public Finance in Lesotho: FY2019/20

Lesotho’s real GDP growth rate increased from an annual average of 1.8% from 2015/16 to 2017/18, to a projected 2.9% in FY2018/19. Real GDP growth increased partly due to capital intensive mining projects and the resultant increase in diamond exports. In addition to that, a rebound in the construction sector related to the Lesotho Highlands Water Project Phase II also spurred real GDP growth. The water project has had positive spill-overs on the other industries such as transport, communication, retail and financial sectors.

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