Lesotho: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Lesotho |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -5.50 |
| Year | 2019 |
| Measure | percent |
| Data availability | 1982 - 2019 |
| Average | 0.21 |
| Min - Max | -15.30 - 11.36 |
| Source | African Development Bank |
The latest value from 2019 is -5.5 percent, a decline from -5.1 percent in 2018. In comparison, the world average is -1.46 percent, based on data from 188 countries. Historically, the average for Lesotho from 1982 to 2019 is 0.21 percent. The minimum value, -15.3 percent, was reached in 1999 while the maximum of 11.36 percent was recorded in 2006.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 34.17 | 2022 | percent |
| Government spending, in dollars | 0.78 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.50 | 2019 | percent |
| Government debt | 59.86 | 2022 | percent |
| Tax revenue | 31.31 | 2022 | percent |
| Commercial tax rate | 13.60 | 2019 | percent |
| Tax preparation time | 327 | 2019 | hours |
| Number of taxes | 32 | 2019 | taxes |
| Taxes on goods and services | 31.37 | 2022 | percent |
| Taxes on international trade | 8.76 | 2022 | percent |
| Income and profits taxes | 23.29 | 2022 | percent |
| Foreign aid | 153.29 | 2022 | million U.S. dollars |