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Industry Sector Contribution to GDP in Lesotho (1990-2022)

Industry Sector Contribution to GDP in Lesotho (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Lesotho (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Lesotho
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Lesotho’s industry sector contribution rose from 21.4% in 1990 to a peak of 40.6% in 2008, driven by textile exports and mining activities. Economic downturns and shifts in global textile demand led to a gradual decline, reaching 30.7% in 2022. Lesotho’s heavy reliance on textile manufacturing and mining highlights the sector's sensitivity to external market demands and trade agreements, influencing the country’s efforts to stabilize and grow industrial contribution.

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