Taxes on goods and services in Lesotho
Lesotho: Taxes on goods and services was 22.1% in 2024. ▲ Rising
Taxes on goods and services in Lesotho, 1982–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
Lesotho recorded 22.1% for taxes on goods and services in 2024.
Compared with earlier readings it is down 13.0% on the previous year and up 11.9% over ten years.
Over the whole period, taxes on goods and services in Lesotho peaked at 25.4% in 2023 and was at its lowest, 4.3%, in 1982.
Lesotho ranks 3rd of 154 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 42 years of available data.
Taxes on goods and services in Lesotho, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1982 | 4.3% | — |
| 1983 | 5.1% | +18.8% |
| 1984 | 4.7% | -7.3% |
| 1985 | 5.3% | +12.3% |
| 1986 | 10.6% | +100.0% |
| 1987 | 10.8% | +1.7% |
| 1988 | 11.0% | +1.4% |
| 1989 | 12.0% | +9.0% |
| 1991 | 16.1% | +34.2% |
| 1992 | 16.9% | +5.0% |
| 1993 | 18.1% | +7.5% |
| 1994 | 16.7% | -7.9% |
| 1995 | 16.5% | -1.3% |
| 1996 | 13.8% | -16.1% |
| 1997 | 16.2% | +17.2% |
| 1998 | 13.3% | -17.7% |
| 1999 | 13.0% | -2.6% |
| 2000 | 12.1% | -6.7% |
| 2001 | 12.8% | +5.5% |
| 2002 | 12.1% | -5.7% |
| 2003 | 13.8% | +14.0% |
| 2004 | 16.3% | +18.2% |
| 2005 | 16.3% | +0.3% |
| 2006 | 19.5% | +19.6% |
| 2007 | 21.2% | +8.6% |
| 2008 | 19.8% | -6.4% |
| 2009 | 20.6% | +3.8% |
| 2010 | 15.7% | -23.7% |
| 2011 | 15.2% | -3.4% |
| 2012 | 21.2% | +39.8% |
| 2013 | 19.3% | -8.9% |
| 2014 | 19.7% | +2.1% |
| 2015 | 17.9% | -9.1% |
| 2016 | 15.4% | -14.0% |
| 2017 | 18.5% | +20.1% |
| 2018 | 17.6% | -5.2% |
| 2019 | 18.5% | +5.5% |
| 2020 | 20.5% | +10.7% |
| 2021 | 18.7% | -8.6% |
| 2022 | 18.7% | -0.3% |
| 2023 | 25.4% | +35.8% |
| 2024 | 22.1% | -13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.0% | 4.3% | 12.0% | 8 |
| 1990s | 15.6% | 13.0% | 18.1% | 9 |
| 2000s | 16.4% | 12.1% | 21.2% | 10 |
| 2010s | 17.9% | 15.2% | 21.2% | 10 |
| 2020s | 21.1% | 18.7% | 25.4% | 5 |
Countries ranked near Lesotho
- 1 Macau, China 25.1% compare
- 2 Croatia 22.1% compare
- 4 Tonga 21.6% compare
- 5 Bosnia and Herzegovina 20.6% compare
- 6 Serbia 20.1% 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 taxes on goods and services in Lesotho?
- Taxes on goods and services in Lesotho was 22.1% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Lesotho?
- The highest recorded value was 25.4% in 2023.
- What is the lowest taxes on goods and services recorded in Lesotho?
- The lowest recorded value was 4.3% in 1982.
- How does Lesotho rank for taxes on goods and services?
- Lesotho ranks 3rd out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Lesotho?
- Over the last ten years it is up 11.9%. The long-run trend across the full record is rising.
- 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.