lomatic representation in the US:
chief of mission: Ambassador Lebohang Kenneth MOLEKO
chancery: 2511 Massachusetts Avenue NW, Washington, DC 20008
telephone: (202) 797-5533 through 5536
FAX: (202) 234-6815
Diplomatic representation from the US:
chief of mission: Ambassador Katherine H. PETERSON
embassy: 254 Kingsway, Maseru West (Consular Section)
mailing address: P. O. Box 333, Maseru 100, Lesotho
telephone: 312666
FAX: 310116
Flag description: divided diagonally from the lower hoist side corner;
the upper half is white, bearing the brown silhouette of a large
shield with crossed spear and club; the lower half is a diagonal blue
band with a green triangle in the corner
@Lesotho:Economy
Economy - overview: Small, landlocked, and mountainous, Lesotho's only
important natural resource is water. Its economy is based on
subsistence agriculture, livestock, and remittances from miners
employed in South Africa. The number of such mine workers has declined
steadily over the past several years. In 1996 their remittances added
about 33% to GDP compared with the addition of roughly 67% in 1990. A
small manufacturing base depends largely on farm products which
support the milling, canning, leather, and jute industries.
Agricultural products are exported primarily to South Africa. Proceeds
from membership in a common customs union with South Africa form the
majority of government revenue. Although drought has decreased
agricultural activity over the past few years, completion of a major
hydropower facility in January 1998 now permits the sale of water to
South Africa, generating royalties that will be an important source of
income for Lesotho. The pace of parastatal privatization has increased
in recent years. Civil disorder in September 1998 destroyed 80% of the
commercial infrastructure in Maseru and two other major towns. Most
firms were not covered by insurance, and the rebuilding of small and
medium business has been a significant challenge in terms of both
economic growth and employment levels. Output dropped 10% in 1998 and
recovered slowly in 1999.
GDP: purchasing power parity - $4.7 billion (1998 est.)
GDP - real growth rate: -10% (1998 est.)
GDP - per capita: purchasing power parity - $2,240 (1998 est.)
GDP - composition by sector:
agriculture: 14%
industry: 42%
services: 44% (1997 est.)
Population below poverty line: 49.2% (1993 est.)
Household income or consumption by percentage share:
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