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Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
In Lesotho, agriculture's share of GDP declined significantly over the decades, from 12.2% in 1990 to a low of 3.8% in 2015. This decrease can be attributed to limited arable land, recurrent droughts, and the country's growing reliance on remittances and manufacturing, particularly textiles. The sharp drop to 7.3% in 1991 reflects the effects of severe drought conditions that impacted agricultural productivity.
From 2016 onwards, agriculture's contribution experienced slight recovery, peaking at 6.2% in 2022. This resurgence aligns with government efforts to improve food security through agricultural modernization programs and irrigation projects. However, the sector remains a small part of the economy, emphasizing Lesotho's dependence on external economic drivers like mining and remittances.
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