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Economy of Lesotho vs Saudi Arabia compared: GDP & Debt

Updated on by Georank team

Lesotho has a GDP of $2.27B compared to $1.24T for Saudi Arabia, ranking 175/197 and 18/197 by economy size, respectively.

Lesotho has $1.29B in government debt (56.8% of GDP), compared to $324B (26.2% of GDP) in Saudi Arabia.

Lesotho vs Saudi Arabia GDP by year

Lesotho
Saudi Arabia
1x
Year GDP, current $
Lesotho Saudi Arabia
2024 $2,271,759,455 $1,239,804,533,333
2023 $2,117,962,445 $1,218,584,533,333
2022 $2,354,980,960 $1,239,075,200,000
2021 $2,412,130,057 $982,661,066,667
2020 $2,053,699,864 $767,951,200,000
2019 $2,390,702,296 $888,890,133,333
2018 $2,556,247,292 $886,564,800,000
2017 $2,306,741,672 $741,266,133,333
2016 $2,114,426,452 $689,279,466,667
2015 $2,359,686,725 $693,414,400,000
2014 $2,441,063,054 $787,153,066,667
2013 $2,367,112,932 $769,755,733,333
2012 $2,477,702,216 $751,921,333,333
2011 $2,579,409,620 $680,660,800,000
2010 $2,234,754,242 $528,207,466,667
2009 $1,740,894,965 $429,097,866,667
2008 $1,766,902,709 $519,796,800,000
2007 $1,682,131,785 $415,964,509,673
2006 $1,800,092,564 $376,900,133,511
2005 $1,682,343,527 $328,459,608,764
2004 $1,511,236,656 $258,742,133,333
2003 $1,157,825,435 $215,807,733,333
2002 $775,777,239 $189,605,866,667
2001 $825,706,961 $184,137,600,000
2000 $887,291,688 $189,514,933,333
1999 $912,773,681 $161,717,066,667
1998 $928,460,893 $146,775,466,667
1997 $998,004,259 $165,963,684,913
1996 $946,112,493 $158,662,483,311
1995 $1,001,894,000 $143,343,124,166
1994 $878,250,945 $135,174,899,866
1993 $835,582,062 $132,967,957,276
1992 $831,029,862 $137,087,850,467
1991 $704,325,367 $132,223,230,975
1990 $596,410,264 $117,630,173,565
1989 $495,409,233 $95,344,459,279
1988 $470,395,801 $88,256,074,766
1987 $402,768,324 $85,695,861,148
1986 $318,858,423 $86,961,922,765
1985 $268,629,926 $103,897,846,494
1984 $333,163,670 $119,624,858,116
1983 $386,699,309 $129,171,635,311
1982 $348,741,684 $153,240,313,858
1981 $434,188,034 $184,291,360,139
1980 $431,542,537 $164,539,660,725
1979 $290,134,593 $111,858,444,786
1978 $266,570,067 $80,266,516,687
1977 $193,315,048 $74,188,986,586
1976 $147,660,037 $64,005,665,722
1975 $149,558,896 $46,773,208,643
1974 $150,851,317 $45,412,957,746
1973 $121,188,716 $14,947,435,499
1972 $80,913,200 $9,664,267,087
1971 $76,480,285 $7,184,806,909
1970 $68,739,973 $5,377,333,333
1969 $65,967,974 $4,485,777,644
1968 $61,445,975 $4,187,777,711
1967 $59,261,976 $3,257,022,223
1966 $56,699,977 $2,920,555,557
1965 $54,879,978 $2,647,955,558
1964 $51,939,979 $2,371,808,713
1963 $47,039,981 $2,207,393,172
1962 $41,859,983 $2,130,606,532
1961 $35,699,986 $1,920,811,284
1960 $34,579,986 $1,748,124,064

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

GeoRank.org/economy/lesotho/saudi-arabia | CC BY

GDP per capita in Lesotho vs Saudi Arabia by year

Lesotho
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lesotho Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $972 $3,001 $35,122 $71,375
2023 $916 $2,881 $36,157 $71,565
2022 $1,030 $2,761 $38,510 $71,968
2021 $1,067 $2,545 $31,921 $62,690
2020 $919 $2,559 $24,339 $47,518
2019 $1,082 $2,568 $29,567 $59,560
2018 $1,171 $2,632 $29,360 $59,378
2017 $1,069 $2,619 $23,929 $53,120
2016 $992 $2,942 $22,268 $49,937
2015 $1,121 $3,035 $23,256 $53,931
2014 $1,174 $2,771 $27,805 $62,578
2013 $1,151 $2,538 $27,865 $62,203
2012 $1,218 $2,291 $28,733 $65,034
2011 $1,281 $2,279 $27,127 $64,125
2010 $1,119 $2,153 $22,028 $58,829
2009 $879 $2,036 $17,718 $54,787
2008 $898 $2,064 $22,320 $57,236
2007 $861 $1,932 $18,596 $55,030
2006 $925 $1,813 $17,564 $54,639
2005 $861 $1,681 $15,976 $53,548
2004 $767 $1,561 $13,154 $51,225
2003 $583 $1,484 $11,487 $48,078
2002 $389 $1,385 $10,586 $45,466
2001 $413 $1,350 $10,805 $47,381
2000 $443 $1,273 $11,715 $48,644
1999 $456 $1,199 $10,452 $47,495
1998 $465 $1,179 $9,836 $48,867
1997 $502 $1,154 $11,545 $48,796
1996 $480 $1,103 $11,472 $48,569
1995 $513 $1,037 $10,786 $48,052
1994 $456 $995 $10,602 $48,904
1993 $439 $932 $10,885 $49,503
1992 $444 $893 $11,730 $50,355
1991 $382 $830 $11,847 $49,295
1990 $330 $764 $11,055 $46,214
1989 $279 - $9,414 -
1988 $270.4 - $9,165 -
1987 $236.5 - $9,386 -
1986 $191.4 - $10,078 -
1985 $165.4 - $12,745 -
1984 $211 - $15,541 -
1983 $252 - $17,810 -
1982 $233.9 - $22,454 -
1981 $299.8 - $28,703 -
1980 $307 - $27,206 -
1979 $212.4 - $19,612 -
1978 $200.8 - $14,914 -
1977 $149.9 - $14,595 -
1976 $117.8 - $13,313 -
1975 $123.2 - $10,266 -
1974 $128.7 - $10,503 -
1973 $107 - $3,640 -
1972 $74 - $2,474 -
1971 $72.4 - $1,929 -
1970 $67.4 - $1,509 -
1969 $67.1 - $1,313 -
1968 $64.8 - $1,276 -
1967 $64.8 - $1,032 -
1966 $64.3 - $961 -
1965 $64.3 - $904 -
1964 $62.6 - $840 -
1963 $58.4 - $812 -
1962 $53.5 - $813 -
1961 $47 - $760 -
1960 $47 - $718 -

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

GeoRank.org/economy/lesotho/saudi-arabia | CC BY

Lesotho's GDP per capita is $972, ranking 181/197, compared to $35,122 in Saudi Arabia, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), Lesotho ranks 180th at $3,001, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Lesotho Saudi Arabia
Gross domestic product
$2.27B
2024
$1.24T
2024
GDP rank
175/197
2024
18/197
2024
GDP growth
2.85%
2023-2024
2%
2023-2024
GDP per capita
$972
2024
$35,122
2024
GDP per capita rank
181/197
2024
33/197
2024
GDP per capita, PPP
$3,001
2024
$71,375
2024
GDP per capita PPP rank
180/197
2024
24/197
2024
Government debt
$1.29B
2024
$324B
2024
Debt-to-GDP ratio
56.8%
2024
26.2%
2024
Government debt per person
$552
2024
$9,185
2024
Government debt per person rank
164/185
2024
58/185
2024
Average annual personal income after taxes
$6,545
2026
$23,076
2026
Market capitalization of domestic companies n/a
$2.73T
2024
Number of millionaires n/a
351,855
2025
Number of billionaires n/a
15
2025
Income share by richest 10%
32.9%
2017
n/a
Income share by poorest 10%
1.7%
2017
n/a
Government expenditure, % of GDP
53.5%
2024
29.6%
2024
Consumer prices inflation
6.11%
2023-2024
1.69%
2023-2024
Central bank interest rate
6.5%
2025
4.25%
2025
Unemployment rate
18.7%
2024
3.52%
2024
Population
2396633
36734925

Spending and national debt comparison by year

Lesotho
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Lesotho Saudi Arabia
Government spending Government debt Government spending Government debt
2024 53.5% 56.8% 29.6% 26.2%
2023 49.4% 61.5% 28.3% 23%
2022 50.8% 64.4% 25.3% 21.3%
2021 53.8% 58% 28.2% 25.5%
2020 54.4% 54.7% 37.4% 29.7%
2019 53.6% 58.2% 31.8% 20.3%
2018 51.9% 48.2% 32.4% 16.8%
2017 50.4% 41% 30.9% 15.9%
2016 54.1% 41.5% 33.3% 12.2%
2015 51.7% 45.8% 38.5% 5.47%
2014 50.1% 41.5% 38.6% 1.5%
2013 58.4% 41.2% 34.5% 2.08%
2012 58.1% 39.8% 32.5% 2.97%
2011 60.2% 36.2% 32.4% 5.31%
2010 55.3% 33.8% 33% 8.43%
2009 66.4% 35.9% 37.1% 14%
2008 54.1% 47% 26.7% 12.1%
2007 48.1% 49.6% 29.5% 17.1%
2006 43.2% 43.7% 27.3% 25.8%
2005 37.6% 41% 28.2% 37.3%
2004 36.3% 49.4% 31.1% 62.9%
2003 39.8% 52.6% 33.1% 81.6%
2002 41.2% 79.6% 35.9% 96.4%
2001 41.4% 108.7% 36.9% 93.1%
2000 39.3% 88.5% 33.1% 86.7%
1999 50.8% 83% 30.3% 103%
1998 51.4% 79.4% 34.5% 101.5%
1997 44.6% 65.7% 35.6% 76.7%
1996 41.5% 71.6% 33.3% 75.2%
1995 42.1% 62.8% 32.4% 74.2%
1994 40.2% 67% 33.8% 67.9%
1993 36% 71.2% 37.7% 58.6%
1992 35.3% 64.4% 41.2% 47.8%
1991 31.3% 11.9% 34.9% 39.4%
1990 32.9% 18% 39.3% -
1989 35.8% 112.5% - -
1988 35.3% 105.2% - -
1987 40.3% 97.4% - -
1986 33.2% 92.5% - -
1985 32.8% 86.3% - -
1984 26.8% 57.2% - -
1983 27.2% 56.7% - -
1982 29.9% 61.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/lesotho/saudi-arabia | CC BY

In 2024, Lesotho's government spending was $1.22B, accounting for 53.5% of its GDP, while Saudi Arabia spent $367B, or 29.6% of GDP.

Debt-to-GDP ratio is 56.8% in Lesotho and 26.2% in Saudi Arabia, ranking 92/185 and 163/185, respectively.

Government deficit by year

Deficit/surplus
Lesotho

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Lesotho Saudi Arabia
2024 9.04% -2.49%
2023 7.31% -1.77%
2022 -6.41% 2.24%
2021 -4.95% -1.99%
2020 1.18% -10.2%
2019 -5.72% -3.96%
2018 -4.41% -5.21%
2017 -2.02% -8.57%
2016 -9.43% -13.2%
2015 -1.38% -14.9%
2014 3.16% -3.4%
2013 -2.58% 5.47%
2012 4.56% 11.7%
2011 -9.85% 11.4%
2010 -1.49% 4.39%
2009 -4.16% -5.38%
2008 8.1% 29.8%
2007 10.8% 11.8%
2006 11.6% 20.8%
2005 4.46% 18%
2004 6.05% 9.72%
2003 0.89% 1.2%
2002 -2.44% -5.91%
2001 -2.76% -3.91%
2000 -0.95% 3.18%
1999 -15.3% -5.99%
1998 -11.8% -8.88%
1997 0.27% -2.51%
1996 2.11% -3.25%
1995 5.13% -5.12%
1994 5.69% -8.31%
1993 7.55% -9.33%
1992 4.65% -8.12%
1991 9.74% -3.28%
1990 8.78% -
1989 3.88% -
1988 -1.87% -
1987 -2.85% -
1986 0.87% -
1985 1.68% -
1984 4.82% -
1983 1.85% -
1982 -2.03% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/lesotho/saudi-arabia | 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 Saudi Arabia's deficit of $30.9B, or 2.49% of GDP.

Over the past 34 years, Lesotho recorded a fiscal deficit in 16 of those years, while Saudi Arabia ran a deficit in 22 years. On average, Lesotho posted an annual surplus equal to 0.49% of GDP, compared to deficit of 0.18% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Lesotho

Saudi Arabia
1x
Year Consumer prices inflation
Lesotho Saudi Arabia
2024 6.11% 1.69%
2023 6.34% 2.33%
2022 8.27% 2.47%
2021 6.05% 3.06%
2020 4.98% 3.37%
2019 5.19% -1.19%
2018 4.75% 2.47%
2017 4.45% -0.83%
2016 6.6% 2.05%
2015 3.22% 1.22%
2014 5.37% 2.24%
2013 4.87% 3.51%
2012 6.05% 2.87%
2011 5.04% 5.83%
2010 -2.41% 5.34%
2009 -16.9% 5.06%
2008 10.7% 9.87%
2007 8.01% 4.17%
2006 6.07% 2.21%
2005 3.44% 0.48%
2004 5.02% 0.52%
2003 6.63% 0.61%
2002 33.8% 0.25%
2001 -9.62% -1.12%
2000 6.13% -1.12%
1999 - -1.33%
1998 - -0.37%
1997 - 0.06%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/lesotho/saudi-arabia | CC BY

Over the past 25 years, Lesotho has recorded an average annual inflation rate of 5.13%, compared with 2.29% in Saudi Arabia. In 2024, inflation was 6.11% in Lesotho and 1.69% in Saudi Arabia.

Top exports between countries

Lesotho
Export category Export value
Machinery & equipment $507K
Metals $76K
Textiles & consumer goods $11K
Saudi Arabia
Export category Export value
Chemicals & pharma $20K

Balance of trade

Lesotho Saudi Arabia
Current account balance
$89.2M
2024
-$16.3B
2024
Current account balance ranking
68/190
2024
180/190
2024
Current account balance, % of GDP
+3.93%
2024
-1.31%
2024
Goods imports
$1.67B
2024
$214B
2024
Goods exports
$965M
2024
$306B
2024
Service imports
$415M
2024
$125B
2024
Service exports
$15.4M
2024
$62.8B
2024
Imports of goods and services, % of GDP
98.6%
2023
25.6%
2024
Exports of goods and services, % of GDP
42.9%
2023
29.1%
2024

Economic freedom indices

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

Lesotho Saudi Arabia
Economic freedom 54.9 65.4
Economic freedom ranking 130/197 65/197
Property rights 41.7 51.4
Government integrity 39.6 52.7
Judicial effectiveness 43.6 38.2
Tax burden 76.4 99.2
Government spending 21.3 77
Fiscal health 93.5 97.9
Business freedom 50.6 71.2
Labor freedom 57 41.8
Monetary freedom 74.8 81.2
Trade freedom 65.4 73.8
Investment freedom 55 50
Financial freedom 40 50

Economic freedom comparison by year

Lesotho
Saudi Arabia
1x
Year Economic freedom index
Lesotho Saudi Arabia
2026 54.9 65.4
2025 54.1 64.4
2024 51.9 61.9
2023 51.6 58.3
2022 48.1 55.5
2021 53.5 66
2020 54.5 62.4
2019 53.1 60.7
2018 53.9 59.6
2017 53.9 64.4
2016 50.6 62.1
2015 49.6 62.1
2014 49.5 62.2
2013 47.9 60.6
2012 46.6 62.5
2011 47.5 66.2
2010 48.1 64.1
2009 49.7 64.3
2008 52.1 62.5
2007 53.2 60.9
2006 54.7 63
2005 53.9 63
2004 50.3 60.4
2003 52 63.2
2002 48.9 65.3
2001 50.6 62.2
2000 48.4 66.5
1999 48.2 65.5
1998 48.4 69.3
1997 47.2 68.7
1996 47 68.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/lesotho/saudi-arabia | CC BY

The Economic Freedom Index for Lesotho is 54.9, ranking 130/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lesotho Saudi Arabia
Services, % of GDP
48%
2024
47.1%
2024
Industry, % of GDP
30.9%
2024
44.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.5%
2024
2.54%
2024
GNI, Atlas method
$2.75B
2024
$1.26T
2024
GNI per capita, PPP
$3,580
2024
$71,730
2024
Total reserves including gold
$1.01B
2024
$464B
2024
Total reserves ranking
142/177
2024
7/177
2024
Net foreign direct investment
$12.6M
2024
$6.27B
2024
Net inflows of foreign direct investment
-$12.6M
2024
$21.3B
2024
Net outflows of foreign direct investment
$0
2024
$27.6B
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
n/a
Poverty at national poverty lines
49.7%
2017
n/a
Gross capital formation, % of GDP
27.2%
2023
30.2%
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/saudi-arabia | 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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.