FANDOM


Country summary

Capital

Maseru

Borders

South Africa 909 km

Government type

parliamentary constitutional monarchy

Population

2,130,819[1]

Population growth

0.116% (2010 est.)[1]

Life expectancy

40.38 years[1]

Unemployment

45% (2002)[1]

Index of Economic Freedom

155[2]

Corruption Perceptions Index

89[3]

Doing Business ranking

130[4]


Basutoland was renamed the Kingdom of Lesotho upon independence from the UK in 1966. The Basuto National Party ruled for the first two decades. King MOSHOESHOE was exiled in 1990, but returned to Lesotho in 1992 and was reinstated in 1995. Constitutional government was restored in 1993 after seven years of military rule. In 1998, violent protests and a military mutiny following a contentious election prompted a brief but bloody intervention by South African and Botswana military forces under the aegis of the Southern African Development Community. Subsequent constitutional reforms restored relative political stability. Peaceful parliamentary elections were held in 2002, but the National Assembly elections of February 2007 were hotly contested and aggrieved parties continue to dispute how the electoral law was applied to award proportional seats in the Assembly.[1]

Economical characteristicsEdit

  • Currency: Lesotho loti/Loti (ISO code: LSL)
  • Central bank discount rate: 10.66% (31 December 2009)[1]
  • Commercial banks lending rate: 13% (31 December 2009 )[1]
  • Stock of money (M1): $416.5 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $108.1 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 808 783 711 670 994 1 290 1 376 1 518 1 670 1 622
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7] 46.824 48.302 45.549 42.987 46.119 51.048 51.815 63.175 60.502 65.258
Govt. expenses (% of GDP)[8] 42.150 42.235 40.372 40.006 41.704 45.308 44.009 51.184
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Lesotho", from The World Facebook. Referenced 2010-10-04.
  2. Heritage Foundation. "Lesotho", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. Transparency International. "Lesotho", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. Doing Business. "Lesotho", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. World Bank. "Lesotho: GDP", from World Bank Data. Referenced 2010-10-04.
  6. World Bank. "Lesotho: government debt", from World Bank Data. Referenced 2010-10-04.
  7. World Bank. "Lesotho: government revenue", from World Bank Data. Referenced 2010-10-04.
  8. World Bank. "Lesotho: government expenses", from World Bank Data. Referenced 2010-10-04.

External linksEdit

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