Overview: In 2019 Lesotho was the number 163 economy in the world in terms of GDP (current US$), the number 154 in total exports, the number 168 in total imports,
the number 163 economy in terms of GDP per capita (current US$) and the number 115 most complex economy according to the Economic Complexity Index (ECI).
In 2019, Lesotho exported a total of $1.14B, making it the number 154 exporter in the world. During the last five reported years the exports of Lesotho have changed by -$194M from $1.33B in 2014 to $1.14B in 2019.
In 2019 Lesotho imported $1.53B, making it the number 168 trade destination in the world. During the last five reported years the imports of Lesotho changed by -$147M from $1.67B in 2014 to $1.53B in 2019.
In 2018, Lesotho exported $36.5M worth of services. The top services exported by Lesotho in 2018 were Personal travel ($23.4M), Miscellaneous business, professional, and technical services ($5.07M), Merchanting and other trade-related services ($3.82M), Embassies and consulates ($2.73M), and Air transport ($552k).
The top services imported by Lesotho in 2018 were Business travel ($324M), Other transport ($55.3M), Miscellaneous business, professional, and technical services ($41.4M), Embassies and consulates ($23M), and Merchanting and other trade-related services ($12.9M).
Lesotho has a high level of specialization in Wool (134), Bedspreads (95.7), Diamonds (73.3), Knit Men's Shirts (59.4), and Animal Hair (56.4). Specialization is measured using RCA, an index that takes the ratio between Lesotho observed and expected exports in each product.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
This network shows the products most related to the production structure of Lesotho. These are products that tend to be co-exported with the products that Lesotho exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
During the last 5 years Lesotho's economy has become relatively less complex, moving from the 114th to the 115th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.