DC 20008
telephone:
(202) 797-5533 through 5536
FAX:
(202) 234-6815
US diplomatic representation:
chief of mission:
(vacant); Charge d'Affaires Karl HOFMANN
embassy:
address NA, Maseru
mailing address:
P. O. Box 333, Maseru 100, Lesotho
telephone:
[266] 312-666
FAX:
[266] 310-116
Flag:
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

Overview:
Small, landlocked, and mountainous, Lesotho has no important natural
resources other than water. Its economy is based on agriculture, light
manufacturing, and remittances from laborers employed in South Africa
(recently equal to about 45% of GDP). The great majority of households
gain their livelihoods from subsistence farming and migrant labor; a
large portion of the adult male workforce is employed in South African
mines. Manufacturing depends largely on farm products to support the
milling, canning, leather, and jute industries; other industries
include textile, clothing, and construction (in particular, a major
water improvement project which will permit the sale of water to South
Africa). Industry's share of GDP rose from 6% in 1982 to 13% in 1991.
National product:
GDP - purchasing power equivalent - $2.8 billion (1993 est.)
National product real growth rate:
2.4% (FY 93)
National product per capita:
$1,500 (1993 est.)
Inflation rate (consumer prices):
17% (FY93)
Unemployment rate:
at least 55% among adult males (1991 est.)
Budget:
revenues:
$438 million
expenditures:
$430 million, including capital expenditures of $155 million (1994
est.)
Exports:
$109 million (f.o.b., 1992)
commodities:
wool, mohair, wheat, cattle, peas, beans, corn, hides, skins, baskets
partners:
South Africa 42%, EC 28%, North and South America 25% (1991)
Imports:
$964 million (c.i.f., 1992)
commodities:
mainly corn, building materials, clothing, vehicles, machinery,
medicines, petroleum
partners:
South Africa 94%, Asia 3%, EC 1% (1991)
External debt:
$428 million (1991)
Industrial production:
growth rate 5% (1991 est.); accounts for 13% of GDP
Electricity:
power supplied by South Africa
Industries:
food, beverages, textiles, handicrafts, tourism
Agriculture:
accounts for 15% of GDP (1991