Lesotho: Goods and services expense (% of expense)

Key figures

What the numbers say

In 2022, Lesotho's goods and services expense (% of expense) rose 0.55 percentage points on 2021 (from 15.85% to 16.39%).

Across the 30 yearly changes before that (1992 to 2021), the average change was −0.38 percentage points and a typical year strayed about 3.12 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 5.46 percentage points in 1992 and the biggest yearly fall was 8.71 percentage points in 1989. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 1.26 percentage points a year. A straight line explains 75% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Lesotho had the 10th highest value of the 24 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Lesotho in the 2022 ranking

• Ecuador — 6th of 24: 24.59%
• Malawi — 7th of 24: 17.86%
• Lao PDR — 8th of 24: 17.03%
• New Zealand — 10th of 24: 16.02%
• Hungary — 11th of 24: 15.39%
• Mozambique — 12th of 24: 14.72%

What this measures

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

Regional and income-group figures are computed by the World Bank as a median.

All 35 values

Goods and services expense (% of expense) in nearby economies

• Angola — 29.36% (2019)
• Botswana — 28.41% (2023)
• Burkina Faso — 9.69% (2023)
• Burundi — 17.8% (2021)
• Cabo Verde — 20.46% (2020)
• Cameroon — 33.62% (2021)
• Central African Republic — 31.7% (2021)
• Congo, Dem. Rep. — 27.48% (2022)
• Congo, Rep. — 27.07% (2021)
• Côte d'Ivoire — 16.21% (2023)

More public sector data for Lesotho

• Military expenditure (current USD) — 39.91 million (2025)
• Military expenditure (current LCU) — 713.78 million (2025)
• Military expenditure (% of GDP) — 1.63% (2025)
• Grants and other revenue (current LCU) — 7.98 billion (2024)
• Taxes on goods and services (current LCU) — 7.69 billion (2024)
• Taxes on goods and services (% of industry and services value added) — 22.08% (2024)
• Customs and other import duties (current LCU) — 3.04 billion (2024)
• Customs and other import duties (% of tax revenue) — 19.61% (2024)
• Taxes on international trade (current LCU) — 3.04 billion (2024)

Reading data like this

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Questions people ask

What is Lesotho's goods and services expense (% of expense)?

16.39% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1987?

It is down 24.02 percentage points from 40.41% in 1987. The highest value was 40.41% in 1987 and the lowest 15.85% in 2021.

How does Lesotho rank?

10th highest of 24 economies with data for 2022.

Is the latest change in goods and services expense (% of expense) unusual for Lesotho?

In 2022, Lesotho's goods and services expense (% of expense) rose 0.55 percentage points on 2021 (from 15.85% to 16.39%). Across the 30 yearly changes before that (1992 to 2021), the average change was −0.38 percentage points and a typical year strayed about 3.12 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.XPN.GSRV.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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