Source: world bank Nominal/PPP
Summary:
Lesotho GDP Per Capita expanded from 1960 to 2024, increasing from $0.03 to $2.27 .The compound annual growth rate (CAGR) averaged 6.99% over the period. The economy recorded its peak level in 2011 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 37.21%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Lesotho Economic Phases (1960 - 2024)
From 1960 to 2024, Lesotho economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1965) indicating robust economic expansion
- Expansion (1966–1968) indicating steady moderate growth
- High Growth (1971–1974) indicating robust economic expansion
- Contraction (1975–1976) indicating temporary slowdown
- High Growth (1977–1980) indicating robust economic expansion
- Crisis (1984–1985) indicating severe economic downturn
- High Growth (1986–1992) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Contraction (1998–2002) indicating temporary slowdown
- High Growth (2003–2006) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2012–2013) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1973 with an increase of 49.776%, while the largest decline was in 1982 at -19.68%.