Lesotho belongs to the Southern African Economic Area (African Civilization).
Economic Profile of Lesotho.
Lesotho has a Free market economic system;
Manufacturing: 10.3% of the GDP;
Service industries: 53%;
Agriculture: 10.3%;
Inflation of Lesotho: 5.9%;
Unemployment in Lesotho: 25%;
The main resource: water;
The main economic activities of Lesotho are farming and animal husbandry, clothing, footwear, textiles, food processing, and construction;
Most dynamic sectors of Lesotho are real estate and services.
Lesotho Textile Industry.
The United States Growth and Opportunity Act (AGOA) is one of the reasons for the textile industry growth;
today Lesotho is one of the top African garments exporter to the U.S. market (340 million dollars);
Textile exported products to the Southern African Customs Union (SACU)
members are exported without taxes;
More than 40,000 people work in this sector, mainly woman;
Global brands like Wal-Mart or Pepe Jeans has facilities in Lesotho;
Lesotho Textile Exporters Association is the main employer association.
Lesotho Highlands Water Project is one of the largest projects in Africa. In this bi-national project (Lesotho and South Africa) working near 2,500 people.
Lesotho National Development Corporation is the institution of the Government of Lesotho that design and implements the industrial development policy.
International Trade of Lesotho:
Imports: 89% of Lesotho's imports comes from South
Africa, other import partners are the Southern African Development Community (SADC) countries;
Exports. The main export markets of Lesotho (86%) are South Africa and the U.S.;
The European markets represent 21%
of exports.
Nearest port: Port of Durban (South Africa).
Distance from Durban to Maseru: 552 kilometers.
Foreign trade of Lesotho:
(c) EENI Global Business School (1995-2023)
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