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Economy of Lesotho vs Nicaragua compared: GDP & Debt

Updated on by Georank team

Lesotho has a GDP of $2.27B compared to $19.7B for Nicaragua, ranking 175/197 and 131/197 by economy size, respectively.

Lesotho has $1.29B in government debt (56.8% of GDP), compared to $7.71B (39.1% of GDP) in Nicaragua.

Lesotho vs Nicaragua GDP by year

Lesotho
Nicaragua
1x
Year GDP, current $
Lesotho Nicaragua
2024 $2,271,759,455 $19,693,982,968
2023 $2,117,962,445 $17,805,842,284
2022 $2,354,980,960 $15,634,572,502
2021 $2,412,130,057 $14,209,020,362
2020 $2,053,699,864 $12,726,422,432
2019 $2,390,702,296 $12,699,023,614
2018 $2,556,247,292 $13,025,221,974
2017 $2,306,741,672 $13,785,893,007
2016 $2,114,426,452 $13,286,093,388
2015 $2,359,686,725 $12,756,696,261
2014 $2,441,063,054 $11,880,438,824
2013 $2,367,112,932 $10,982,988,249
2012 $2,477,702,216 $10,532,017,232
2011 $2,579,409,620 $9,774,329,333
2010 $2,234,754,242 $8,758,602,233
2009 $1,740,894,965 $8,298,702,489
2008 $1,766,902,709 $8,496,967,597
2007 $1,682,131,785 $7,423,375,015
2006 $1,800,092,564 $6,763,672,381
2005 $1,682,343,527 $6,321,324,279
2004 $1,511,236,656 $5,792,932,838
2003 $1,157,825,435 $5,322,228,351
2002 $775,777,239 $5,223,727,303
2001 $825,706,961 $5,351,752,034
2000 $887,291,688 $5,109,587,050
1999 $912,773,681 $4,856,026,259
1998 $928,460,893 $4,635,347,386
1997 $998,004,259 $4,389,973,490
1996 $946,112,493 $4,308,351,903
1995 $1,001,894,000 $4,140,470,000
1994 $878,250,945 $3,863,185,119
1993 $835,582,062 $1,756,454,248
1992 $831,029,862 $1,792,800,000
1991 $704,325,367 $1,488,804,124
1990 $596,410,264 $1,009,455,484
1989 $495,409,233 $1,013,184,756
1988 $470,395,801 $2,630,900,096
1987 $402,768,324 $3,851,200,118
1986 $318,858,423 $2,885,799,994
1985 $268,629,926 $2,683,699,935
1984 $333,163,670 $3,117,599,872
1983 $386,699,309 $2,753,100,058
1982 $348,741,684 $2,454,499,872
1981 $434,188,034 $2,474,700,227
1980 $431,542,537 $2,144,300,006
1979 $290,134,593 $1,567,599,982
1978 $266,570,067 $2,127,699,979
1977 $193,315,048 $2,226,999,874
1976 $147,660,037 $1,836,899,999
1975 $149,558,896 $1,581,599,959
1974 $150,851,317 $1,521,400,012
1973 $121,188,716 $1,092,900,015
1972 $80,913,200 $878,570,045
1971 $76,480,285 $828,569,953
1970 $68,739,973 $778,569,939
1969 $65,967,974 $750,000,003
1968 $61,445,975 $692,859,985
1967 $59,261,976 $657,140,011
1966 $56,699,977 $607,140,010
1965 $54,879,978 $564,290,020
1964 $51,939,979 $347,119,918
1963 $47,039,981 $297,324,163
1962 $41,859,983 $269,283,804
1961 $35,699,986 $244,144,237
1960 $34,579,986 $227,223,322

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/lesotho/nicaragua | CC BY

GDP per capita in Lesotho vs Nicaragua by year

Lesotho
GDP per capita

GDP per capita, PPP
Nicaragua
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lesotho Nicaragua
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $972 $3,001 $2,848 $8,709
2023 $916 $2,881 $2,609 $8,320
2022 $1,030 $2,761 $2,323 $7,797
2021 $1,067 $2,545 $2,138 $7,119
2020 $919 $2,559 $1,938 $6,274
2019 $1,082 $2,568 $1,959 $5,981
2018 $1,171 $2,632 $2,035 $5,935
2017 $1,069 $2,619 $2,183 $6,225
2016 $992 $2,942 $2,132 $5,882
2015 $1,121 $3,035 $2,074 $5,449
2014 $1,174 $2,771 $1,958 $5,068
2013 $1,151 $2,538 $1,835 $4,711
2012 $1,218 $2,291 $1,785 $4,508
2011 $1,281 $2,279 $1,680 $4,325
2010 $1,119 $2,153 $1,527 $4,042
2009 $879 $2,036 $1,467 $3,880
2008 $898 $2,064 $1,524 $4,044
2007 $861 $1,932 $1,350 $3,891
2006 $925 $1,813 $1,248 $3,658
2005 $861 $1,681 $1,183 $3,456
2004 $767 $1,561 $1,099 $3,255
2003 $583 $1,484 $1,021 $3,046
2002 $389 $1,385 $1,014 $2,948
2001 $413 $1,350 $1,052 $2,917
2000 $443 $1,273 $1,017 $2,806
1999 $456 $1,199 $980 $2,672
1998 $465 $1,179 $949 $2,497
1997 $502 $1,154 $913 $2,418
1996 $480 $1,103 $911 $2,325
1995 $513 $1,037 $892 $2,187
1994 $456 $995 $849 $2,064
1993 $439 $932 $394 $1,998
1992 $444 $893 $411 $2,003
1991 $382 $830 $350 $1,995
1990 $330 $764 $242.5 $1,979
1989 $279 - $249.2 -
1988 $270.4 - $662 -
1987 $236.5 - $992 -
1986 $191.4 - $761 -
1985 $165.4 - $724 -
1984 $211 - $861 -
1983 $252 - $780 -
1982 $233.9 - $714 -
1981 $299.8 - $740 -
1980 $307 - $659 -
1979 $212.4 - $495 -
1978 $200.8 - $691 -
1977 $149.9 - $744 -
1976 $117.8 - $633 -
1975 $123.2 - $561 -
1974 $128.7 - $557 -
1973 $107 - $413 -
1972 $74 - $341 -
1971 $72.4 - $331 -
1970 $67.4 - $321 -
1969 $67.1 - $319 -
1968 $64.8 - $304 -
1967 $64.8 - $297.9 -
1966 $64.3 - $284 -
1965 $64.3 - $272.3 -
1964 $62.6 - $172.7 -
1963 $58.4 - $152.5 -
1962 $53.5 - $142.3 -
1961 $47 - $132.9 -
1960 $47 - $127.5 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/lesotho/nicaragua | CC BY

Lesotho's GDP per capita is $972, ranking 181/197, compared to $2,848 in Nicaragua, ranking 141/197. Adjusted for purchasing power (GDP per capita PPP), Lesotho ranks 180th at $3,001, while Nicaragua ranks 138th at $8,709.

Economic indicators

Lesotho Nicaragua
Gross domestic product
$2.27B
2024
$19.7B
2024
GDP rank
175/197
2024
131/197
2024
GDP growth
2.85%
2023-2024
3.59%
2023-2024
GDP per capita
$972
2024
$2,848
2024
GDP per capita rank
181/197
2024
141/197
2024
GDP per capita, PPP
$3,001
2024
$8,709
2024
GDP per capita PPP rank
180/197
2024
138/197
2024
Government debt
$1.29B
2024
$7.71B
2024
Debt-to-GDP ratio
56.8%
2024
39.1%
2024
Government debt per person
$552
2024
$1,115
2024
Government debt per person rank
164/185
2024
138/185
2024
Average annual personal income after taxes
$6,545
2026
$2,318
2026
Income share by richest 10%
32.9%
2017
37.2%
2014
Income share by poorest 10%
1.7%
2017
2%
2014
Government expenditure, % of GDP
53.5%
2024
27.1%
2024
Consumer prices inflation
6.11%
2023-2024
4.6%
2023-2024
Central bank interest rate
6.5%
2025
6%
2025
Unemployment rate
18.7%
2024
5.2%
2018
Population
2396633
7124343

Spending and national debt comparison by year

Lesotho
Spending

Debt
Nicaragua
Spending

Debt
1x
Year % of GDP
Lesotho Nicaragua
Government spending Government debt Government spending Government debt
2024 53.5% 56.8% 27.1% 39.1%
2023 49.4% 61.5% 26% 42.3%
2022 50.8% 64.4% 28.6% 45.9%
2021 53.8% 58% 30% 48.4%
2020 54.4% 54.7% 28.9% 49.2%
2019 53.6% 58.2% 27.7% 44.2%
2018 51.9% 48.2% 27.7% 39.1%
2017 50.4% 41% 27.3% 34.7%
2016 54.1% 41.5% 26.8% 30.9%
2015 51.7% 45.8% 25.4% 28.9%
2014 50.1% 41.5% 24.6% 28.7%
2013 58.4% 41.2% 24.2% 28.8%
2012 58.1% 39.8% 24.1% 27.9%
2011 60.2% 36.2% 23.5% 28.8%
2010 55.3% 33.8% 22.6% 30.3%
2009 66.4% 35.9% 22.7% 29.3%
2008 54.1% 47% 21.9% 26%
2007 48.1% 49.6% 21.5% 30.9%
2006 43.2% 43.7% 21.4% 51.2%
2005 37.6% 41% 21.3% 66.6%
2004 36.3% 49.4% 20.8% 84%
2003 39.8% 52.6% 20.9% 109.5%
2002 41.2% 79.6% 18.7% 110.4%
2001 41.4% 108.7% 19.2% 87.5%
2000 39.3% 88.5% 20.6% 95.2%
1999 50.8% 83% 22.1% 99.8%
1998 51.4% 79.4% 18.5% 86.5%
1997 44.6% 65.7% 17.9% 86.4%
1996 41.5% 71.6% 18% -
1995 42.1% 62.8% 17.7% -
1994 40.2% 67% 18.4% -
1993 36% 71.2% 18.4% -
1992 35.3% 64.4% 18.4% -
1991 31.3% 11.9% 16.8% -
1990 32.9% 18% 28.2% -
1989 35.8% 112.5% - -
1988 35.3% 105.2% 24.8% -
1987 40.3% 97.4% - 266.6%
1986 33.2% 92.5% 26.1% 159.2%
1985 32.8% 86.3% 29.9% 218%
1984 26.8% 57.2% 31.9% 198%
1983 27.2% 56.7% 33.8% 211.6%
1982 29.9% 61.4% 49.4% 159.1%
1981 - - 39.3% 149.1%
1980 - - 30.4% 152.1%
1979 - - 20.7% 116.3%
1978 - - 17.7% 76.9%
1977 - - 19.9% 62.7%
1976 - - 16.2% 59.5%
1975 - - 17.5% 57.8%
1974 - - 15.3% 40%
1973 - - 12.8% 32.9%
1972 - - 15.1% 30.2%
1971 - - 15.1% 31.6%
1970 - - 13.2% 35.4%
1969 - - 11.1% -
1968 - - 10.9% -
1967 - - 12.7% -
1966 - - 12.2% -
1965 - - 10.9% -
1964 - - 10.2% -
1963 - - 10.5% -
1962 - - 10.6% -
1961 - - 9.93% -
1960 - - 11.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/lesotho/nicaragua | CC BY

In 2024, Lesotho's government spending was $1.22B, accounting for 53.5% of its GDP, while Nicaragua spent $5.34B, or 27.1% of GDP.

Debt-to-GDP ratio is 56.8% in Lesotho and 39.1% in Nicaragua, ranking 92/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Lesotho

Nicaragua
1x
Year Deficit/surplus, % of GDP
Lesotho Nicaragua
2024 9.04% 2.48%
2023 7.31% 2.31%
2022 -6.41% 0.65%
2021 -4.95% -1.26%
2020 1.18% -2.57%
2019 -5.72% -1.12%
2018 -4.41% -4.35%
2017 -2.02% -1.75%
2016 -9.43% -1.92%
2015 -1.38% -1.64%
2014 3.16% -0.89%
2013 -2.58% -0.3%
2012 4.56% 0.22%
2011 -9.85% 0.59%
2010 -1.49% 0.69%
2009 -4.16% -0.9%
2008 8.1% 0.27%
2007 10.8% 1.88%
2006 11.6% 1.36%
2005 4.46% 1.72%
2004 6.05% 1.69%
2003 0.89% 1.3%
2002 -2.44% 2.07%
2001 -2.76% 0.34%
2000 -0.95% 2.15%
1999 -15.3% -6.86%
1998 -11.8% -2.88%
1997 0.27% -3.31%
1996 2.11% -5%
1995 5.13% -4.62%
1994 5.69% -5.79%
1993 7.55% -4.66%
1992 4.65% -3.8%
1991 9.74% -3.45%
1990 8.78% -15.2%
1989 3.88% -
1988 -1.87% -22.4%
1987 -2.85% -
1986 0.87% -7.33%
1985 1.68% -11.3%
1984 4.82% -11.8%
1983 1.85% -15.6%
1982 -2.03% -20.2%
1981 - -10.6%
1980 - -6.53%
1979 - -5.89%
1978 - -4.44%
1977 - -5.91%
1976 - -2.2%
1975 - -3.53%
1974 - -1.41%
1973 - 1.21%
1972 - -2.61%
1971 - -2.33%
1970 - -2.69%
1969 - -1.57%
1968 - -1.21%
1967 - -2.11%
1966 - -1.04%
1965 - 0.3%
1964 - 0.2%
1963 - 0.75%
1962 - -0.29%
1961 - 0.04%
1960 - -1.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/lesotho/nicaragua | CC BY

In 2024, Lesotho's government surplus, the difference between spending and revenue, was $205M, equivalent to 9.04% of GDP. This compares to Nicaragua's surplus of $489M, or 2.48% of GDP.

Over the past 43 years, Lesotho recorded a fiscal deficit in 19 of those years, while Nicaragua ran a deficit in 26 years. On average, Lesotho posted an annual surplus equal to 0.74% of GDP, compared to deficit of 3.44% of GDP for Nicaragua.

Inflation comparison by year

Inflation
Lesotho

Nicaragua
1x
Year Consumer prices inflation
Lesotho Nicaragua
2024 6.11% 4.6%
2023 6.34% 8.4%
2022 8.27% 10.5%
2021 6.05% 4.9%
2020 4.98% 3.7%
2019 5.19% 5.4%
2018 4.75% 4.9%
2017 4.45% 3.9%
2016 6.6% 3.5%
2015 3.22% 4%
2014 5.37% 6%
2013 4.87% 7.1%
2012 6.05% 7.2%
2011 5.04% 8.1%
2010 -2.41% 5.5%
2009 -16.9% 3.7%
2008 10.7% 19.8%
2007 8.01% 11.1%
2006 6.07% 9.1%
2005 3.44% 9.6%
2004 5.02% 8.5%
2003 6.63% 5.3%
2002 33.8% 3.8%
2001 -9.62% 7.4%
2000 6.13% 11.5%
1999 - 11.2%
1998 - 13%
1997 - 9.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2000–2024, retrieved 2026-04-06).

GeoRank.org/economy/lesotho/nicaragua | CC BY

Over the past 25 years, Lesotho has recorded an average annual inflation rate of 5.13%, compared with 7.1% in Nicaragua. In 2024, inflation was 6.11% in Lesotho and 4.6% in Nicaragua.

Balance of trade

Lesotho Nicaragua
Current account balance
$89.2M
2024
$818M
2024
Current account balance ranking
68/190
2024
55/190
2024
Current account balance, % of GDP
+3.93%
2024
+4.15%
2024
Goods imports
$1.67B
2024
$10.1B
2024
Goods exports
$965M
2024
$6.84B
2024
Service imports
$415M
2024
$1.31B
2024
Service exports
$15.4M
2024
$1.3B
2024
Imports of goods and services, % of GDP
98.6%
2023
58.1%
2024
Exports of goods and services, % of GDP
42.9%
2023
40.5%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Lesotho Nicaragua
Economic freedom 54.9 53.6
Economic freedom ranking 130/197 139/197
Property rights 41.7 23.8
Government integrity 39.6 13.4
Judicial effectiveness 43.6 8.8
Tax burden 76.4 74.5
Government spending 21.3 77.7
Fiscal health 93.5 96.9
Business freedom 50.6 54.4
Labor freedom 57 47.3
Monetary freedom 74.8 69.4
Trade freedom 65.4 67
Investment freedom 55 60
Financial freedom 40 50

Economic freedom comparison by year

Lesotho
Nicaragua
1x
Year Economic freedom index
Lesotho Nicaragua
2026 54.9 53.6
2025 54.1 54
2024 51.9 53.4
2023 51.6 54.9
2022 48.1 54.8
2021 53.5 56.3
2020 54.5 57.2
2019 53.1 57.7
2018 53.9 58.9
2017 53.9 59.2
2016 50.6 58.6
2015 49.6 57.6
2014 49.5 58.4
2013 47.9 56.6
2012 46.6 57.9
2011 47.5 58.8
2010 48.1 58.3
2009 49.7 59.8
2008 52.1 60.8
2007 53.2 62.7
2006 54.7 63.8
2005 53.9 62.5
2004 50.3 61.4
2003 52 62.6
2002 48.9 61.1
2001 50.6 58
2000 48.4 56.9
1999 48.2 54
1998 48.4 53.8
1997 47.2 53.3
1996 47 54.1
1995 - 42.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/lesotho/nicaragua | CC BY

The Economic Freedom Index for Lesotho is 54.9, ranking 130/197, compared to 53.6 for Nicaragua, ranking 139/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lesotho Nicaragua
Services, % of GDP
48%
2024
46.8%
2024
Industry, % of GDP
30.9%
2024
27.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.5%
2024
14.4%
2024
GNI, Atlas method
$2.75B
2024
$17.4B
2024
GNI per capita, PPP
$3,580
2024
$8,270
2024
Total reserves including gold
$1.01B
2024
$6.1B
2024
Total reserves ranking
142/177
2024
91/177
2024
Net foreign direct investment
$12.6M
2024
-$1.28B
2024
Net inflows of foreign direct investment
-$12.6M
2024
$1.35B
2024
Net outflows of foreign direct investment
$0
2024
$73.8M
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
9.74%
2024
Poverty at national poverty lines
49.7%
2017
24.9%
2016
Gross capital formation, % of GDP
27.2%
2023
24.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/lesotho/nicaragua | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.