Goods and services expense in Lesotho
Lesotho: Goods and services expense was 16.4% in 2022. ▼ Falling
Goods and services expense in Lesotho, 1987–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Lesotho is 16.4%, measured in 2022.
The figure is up 3.5% on the previous year and down 29.3% over ten years.
Over the whole period, goods and services expense in Lesotho peaked at 40.4% in 1987 and was at its lowest, 15.8%, in 2021.
That places Lesotho 62nd out of 154 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Goods and services expense in Lesotho, year by year
| Year | % of expense | Change |
|---|---|---|
| 1987 | 40.4% | — |
| 1988 | 36.2% | -10.4% |
| 1989 | 27.5% | -24.0% |
| 1991 | 27.4% | -0.5% |
| 1992 | 32.8% | +20.0% |
| 1993 | 26.4% | -19.6% |
| 1994 | 25.8% | -2.3% |
| 1995 | 26.5% | +2.8% |
| 1996 | 29.9% | +12.7% |
| 1997 | 31.7% | +6.2% |
| 1998 | 29.9% | -5.6% |
| 1999 | 29.8% | -0.4% |
| 2000 | 29.4% | -1.5% |
| 2001 | 34.2% | +16.5% |
| 2002 | 33.3% | -2.6% |
| 2003 | 32.1% | -3.7% |
| 2004 | 31.0% | -3.5% |
| 2005 | 30.3% | -2.2% |
| 2006 | 32.2% | +6.2% |
| 2007 | 29.0% | -9.8% |
| 2008 | 31.1% | +7.1% |
| 2009 | 25.2% | -19.0% |
| 2010 | 21.5% | -14.5% |
| 2011 | 21.8% | +1.4% |
| 2012 | 23.2% | +6.2% |
| 2013 | 26.0% | +11.9% |
| 2014 | 25.0% | -3.8% |
| 2015 | 25.4% | +1.6% |
| 2016 | 27.5% | +8.3% |
| 2017 | 21.9% | -20.4% |
| 2018 | 23.4% | +7.3% |
| 2019 | 23.3% | -0.5% |
| 2020 | 15.9% | -31.7% |
| 2021 | 15.8% | -0.5% |
| 2022 | 16.4% | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 34.7% | 27.5% | 40.4% | 3 |
| 1990s | 28.9% | 25.8% | 32.8% | 9 |
| 2000s | 30.8% | 25.2% | 34.2% | 10 |
| 2010s | 23.9% | 21.5% | 27.5% | 10 |
| 2020s | 16.1% | 15.8% | 16.4% | 3 |
Countries ranked near Lesotho
- 59 Bosnia and Herzegovina 17.0% compare
- 60 Nicaragua 17.0% compare
- 61 Togo 16.7% compare
- 63 Côte d'Ivoire 16.2% compare
- 64 Eswatini 16.1% compare
- 65 Kazakhstan 16.1% compare
More public sector data for Lesotho
- Arms imports 1.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 0.4526 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2019)
- Military expenditure (current USD), per capita 15.53 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0152 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 5.37 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 36.30 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 32.94 SIPRI trend indicator values per square kilometre (2019)
- Military expenditure (current USD), per square kilometre 1,135 current USD per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Lesotho?
- Goods and services expense in Lesotho was 16.4% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Lesotho?
- The highest recorded value was 40.4% in 1987.
- What is the lowest goods and services expense recorded in Lesotho?
- The lowest recorded value was 15.8% in 2021.
- How does Lesotho rank for goods and services expense?
- Lesotho ranks 62nd out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Lesotho?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is falling.
- Where does this Lesotho data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.