Lesotho vs North Macedonia: Economic Indicators Comparison
North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Lesotho ranked 169th with $2.7B. By GDP 5-years average growth and GDP per capita, North Macedonia and Lesotho ranked 110th vs 143rd and 100th vs 165th, respectively.
Gross Domestic Product & Income
| Stat |  Lesotho |  North Macedonia |
|---|---|---|
| GDP | $2.7B | $12.7B |
| GDP growth, 1 year | 1.5% | 2.7% |
| GDP growth, 5-years average | 1.7% | 2.6% |
| Population | 2.2M | 2.1M |
| GDP per capita | $1.3k | $6.1k |
| GDP per capita growth | 0.33% | 2.62% |
| Purchasing Power Parity conversion factor | 5.35 | 19.38 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.4 | 0.37 |
| GDP per capita, PPP adjusted | $3.4k | $16k |
| GNI, Atlas method | $2.9B | $11.4B |
| GNI per capita | $1.4k | $5.5k |
| GNI, PPP adjusted | $7.8B | $32.6B |
| GNI per capita, PPP adjusted | $3.7k | $16k |
Financial system and Human development
| Stat | Lesotho | North Macedonia |
|---|---|---|
| Income Tax Rate | 35% | 10% |
| Corporate Tax Rate | 25% | 10% |
| Inflation, consumer prices | 5.2% | 1.5% |
| Inflation, GDP deflator | 4.4% | 4.3% |
| Unemployment | 23.6% | 21.6% |
| Economic Freedom Index | 54.5 | 69.5 |
| Personal Freedom Index | 6.12 | 8.17 |
| Human Freedom Index | 6.16 | 7.55 |
| Property Rights Index | 45.2 | 62.5 |
| Judical Effectiveness Index | 47 | 42.7 |
| Business Freedom Index | 52.8 | 80.6 |
| Fiscal Health Index | 60.3 | 87.7 |
| Labor Freedom Index | 58.8 | 67 |
| Investment Freedom Index | 55 | 65 |
| Financial Freedom Index | 40 | 60 |
| Trade Freedom Index | 82.2 | 86.2 |
| Monetary Freedom Index | 75.7 | 77.7 |
| Government Spending Index | 34.4 | 71 |
| Tax Burden Index | 73 | 91.5 |
| Government Integrity Index | 29.6 | 42.2 |
| Corruption Perceptions Index | 41 | 37 |
| Life expectancy at birth, years | 52.9 | 75.6 |
| Suicide mortality rate, per 100,000 people | 21.2 | 7.9 |
| Mortality caused by road traffic injury, per 100,000 people | 28.9 | 6.4 |
| Intentional homicides, per 100,000 people | 41.3 | 1.5 |
| International tourism, number of arrivals | 1.2M | 707k |
Government debt & reserves
| Stat | Lesotho | North Macedonia |
|---|---|---|
| Central government debt, % of GDP | 39% | 39.5% |
| External debt stocks, % of GNI | 29.2% | 72% |
| External debt stocks | $914.8M | $8.7B |
| Short-term debt, % of total reserves | 0.1% | 40.9% |
| Total debt service, % of exports and primary income | 3.6% | 16.6% |
| Adjusted net savings including particulate emission damage, % of GNI | 8.2% | 15.4% |
| Gross savings, % of GDP | 18.1% | 33% |
| Gross capital formation, % of GDP | 22% | 33% |
| Total reserves including gold | $728.5M | $3.3B |
| Foreign direct investment net inflows | $39.6M | $648.7M |
Exports, imports and economic structure
| Stat | Lesotho | North Macedonia |
|---|---|---|
| Exports of goods and services, % of GDP | 43.8% | 60.3% |
| Imports of goods and services, % of GDP | 84.2% | 72.9% |
| Current account balance (balance of payments) | -$4M | -$25.6M |
| Revenue excluding grants, % of GDP | 33.8% | 26.8% |
| Grants excluding technical cooperation, BoP | $133M | $133.8M |
| Personal remittances received | $629.4M | $344.5M |
| Industry including construction value added, % of GDP | 35.5% | 23.6% |
| Agriculture, forestry and fishing value added, % of GDP | 6% | 7.2% |
| Charges for the use of intellectual property, payments BoP | $3.3M | $188.8M |
| Charges for the use of intellectual property, receipts BoP | $219k | $11.8M |
| Expense, % of GDP | 35.2% | 27.9% |
| Government Expenditure, % of GDP | 46.8% | 31.1% |
