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Economy of Lesotho vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Lesotho has a GDP of $2.27B compared to $25.6B for Trinidad and Tobago, ranking 175/197 and 115/197 by economy size, respectively.

Lesotho has $1.29B in government debt (56.8% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Lesotho vs Trinidad and Tobago GDP by year

Lesotho
Trinidad and Tobago
1x
Year GDP, current $
Lesotho Trinidad
2024 $2,271,759,455 $25,633,544,529
2023 $2,117,962,445 $25,036,993,423
2022 $2,354,980,960 $28,341,164,301
2021 $2,412,130,057 $24,222,963,263
2020 $2,053,699,864 $20,888,515,184
2019 $2,390,702,296 $23,477,745,792
2018 $2,556,247,292 $23,883,058,083
2017 $2,306,741,672 $23,830,750,901
2016 $2,114,426,452 $23,624,322,193
2015 $2,359,686,725 $26,841,141,793
2014 $2,441,063,054 $29,474,180,005
2013 $2,367,112,932 $28,560,537,057
2012 $2,477,702,216 $27,147,349,937
2011 $2,579,409,620 $25,433,007,437
2010 $2,234,754,242 $22,157,920,592
2009 $1,740,894,965 $19,172,165,226
2008 $1,766,902,709 $27,871,587,350
2007 $1,682,131,785 $21,641,620,050
2006 $1,800,092,564 $18,369,361,094
2005 $1,682,343,527 $15,982,389,018
2004 $1,511,236,656 $13,280,291,990
2003 $1,157,825,435 $11,305,459,802
2002 $775,777,239 $9,008,298,229
2001 $825,706,961 $8,824,849,191
2000 $887,291,688 $8,154,342,116
1999 $912,773,681 $6,808,982,521
1998 $928,460,893 $6,043,686,654
1997 $998,004,259 $5,737,771,523
1996 $946,112,493 $5,759,570,336
1995 $1,001,894,000 $5,329,217,747
1994 $878,250,945 $4,947,181,646
1993 $835,582,062 $4,669,491,134
1992 $831,029,862 $5,439,552,941
1991 $704,325,367 $5,307,905,882
1990 $596,410,264 $5,068,000,000
1989 $495,409,233 $4,323,058,824
1988 $470,395,801 $4,496,910,569
1987 $402,768,324 $4,797,777,778
1986 $318,858,423 $4,794,444,444
1985 $268,629,926 $7,375,918,367
1984 $333,163,670 $7,757,083,333
1983 $386,699,309 $7,763,750,000
1982 $348,741,684 $8,140,416,667
1981 $434,188,034 $6,992,083,333
1980 $431,542,537 $6,235,833,333
1979 $290,134,593 $4,602,416,625
1978 $266,570,067 $3,562,333,458
1977 $193,315,048 $3,138,666,667
1976 $147,660,037 $2,500,424,955
1975 $149,558,896 $2,442,669,825
1974 $150,851,317 $2,042,001,071
1973 $121,188,716 $1,308,785,431
1972 $80,913,200 $1,083,391,758
1971 $76,480,285 $896,765,215
1970 $68,739,973 $821,850,000
1969 $65,967,974 $779,200,000
1968 $61,445,975 $758,899,950
1967 $59,261,976 $761,981,912
1966 $56,699,977 $723,739,857
1965 $54,879,978 $736,573,159
1964 $51,939,979 $711,897,520
1963 $47,039,981 $678,239,329
1962 $41,859,983 $619,322,810
1961 $35,699,986 $584,964,621
1960 $34,579,986 $535,673,252

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

GeoRank.org/economy/lesotho/trinidad-and-tobago | CC BY

GDP per capita in Lesotho vs Trinidad and Tobago by year

Lesotho
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lesotho Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $972 $3,001 $18,733 $36,329
2023 $916 $2,881 $18,308 $34,623
2022 $1,030 $2,761 $20,751 $32,979
2021 $1,067 $2,545 $17,713 $30,482
2020 $919 $2,559 $15,284 $26,731
2019 $1,082 $2,568 $17,213 $29,316
2018 $1,171 $2,632 $17,571 $28,673
2017 $1,069 $2,619 $17,566 $28,484
2016 $992 $2,942 $17,449 $28,232
2015 $1,121 $3,035 $19,887 $29,825
2014 $1,174 $2,771 $21,908 $32,027
2013 $1,151 $2,538 $21,305 $31,746
2012 $1,218 $2,291 $20,332 $31,883
2011 $1,281 $2,279 $19,151 $31,078
2010 $1,119 $2,153 $16,815 $30,778
2009 $879 $2,036 $14,634 $29,602
2008 $898 $2,064 $21,299 $30,807
2007 $861 $1,932 $16,607 $29,355
2006 $925 $1,813 $14,153 $27,393
2005 $861 $1,681 $12,346 $23,536
2004 $767 $1,561 $9,871 $20,674
2003 $583 $1,484 $8,445 $18,743
2002 $389 $1,385 $6,763 $16,141
2001 $413 $1,350 $6,657 $14,797
2000 $443 $1,273 $6,179 $13,953
1999 $456 $1,199 $5,179 $12,812
1998 $465 $1,179 $4,613 $11,735
1997 $502 $1,154 $4,394 $10,769
1996 $480 $1,103 $4,427 $9,883
1995 $513 $1,037 $4,115 $9,099
1994 $456 $995 $3,840 $8,631
1993 $439 $932 $3,647 $8,209
1992 $444 $893 $4,277 $8,129
1991 $382 $830 $4,205 $7,274
1990 $330 $764 $4,047 $6,878
1989 $279 - $3,482 -
1988 $270.4 - $3,656 -
1987 $236.5 - $3,941 -
1986 $191.4 - $3,985 -
1985 $165.4 - $6,212 -
1984 $211 - $6,613 -
1983 $252 - $6,690 -
1982 $233.9 - $7,091 -
1981 $299.8 - $6,160 -
1980 $307 - $5,559 -
1979 $212.4 - $4,155 -
1978 $200.8 - $3,258 -
1977 $149.9 - $2,907 -
1976 $117.8 - $2,345 -
1975 $123.2 - $2,319 -
1974 $128.7 - $1,962 -
1973 $107 - $1,273 -
1972 $74 - $1,067 -
1971 $72.4 - $894 -
1970 $67.4 - $829 -
1969 $67.1 - $795 -
1968 $64.8 - $783 -
1967 $64.8 - $797 -
1966 $64.3 - $768 -
1965 $64.3 - $793 -
1964 $62.6 - $780 -
1963 $58.4 - $756 -
1962 $53.5 - $704 -
1961 $47 - $678 -
1960 $47 - $634 -

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

GeoRank.org/economy/lesotho/trinidad-and-tobago | CC BY

Lesotho's GDP per capita is $972, ranking 181/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Lesotho ranks 180th at $3,001, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Lesotho Trinidad
Gross domestic product
$2.27B
2024
$25.6B
2024
GDP rank
175/197
2024
115/197
2024
GDP growth
2.85%
2023-2024
2.51%
2023-2024
GDP per capita
$972
2024
$18,733
2024
GDP per capita rank
181/197
2024
61/197
2024
GDP per capita, PPP
$3,001
2024
$36,329
2024
GDP per capita PPP rank
180/197
2024
62/197
2024
Government debt
$1.29B
2024
$16.5B
2024
Debt-to-GDP ratio
56.8%
2024
64.2%
2024
Government debt per person
$552
2024
$12,028
2024
Government debt per person rank
164/185
2024
45/185
2024
Average annual personal income after taxes
$6,545
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
32.9%
2017
29.9%
1992
Income share by poorest 10%
1.7%
2017
2.1%
1992
Government expenditure, % of GDP
53.5%
2024
32.3%
2024
Consumer prices inflation
6.11%
2023-2024
0.53%
2023-2024
Central bank interest rate
6.5%
2025
3.5%
2020
Unemployment rate
18.7%
2024
4.01%
2024
Population
2396633
1374840

Spending and national debt comparison by year

Lesotho
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Lesotho Trinidad
Government spending Government debt Government spending Government debt
2024 53.5% 56.8% 32.3% 64.2%
2023 49.4% 61.5% 33.5% 62.2%
2022 50.8% 64.4% 27.2% 51.3%
2021 53.8% 58% 30.3% 58.4%
2020 54.4% 54.7% 36.2% 62.5%
2019 53.6% 58.2% 31.2% 46.2%
2018 51.9% 48.2% 30.2% 41.5%
2017 50.4% 41% 30.7% 39.8%
2016 54.1% 41.5% 31.9% 35.4%
2015 51.7% 45.8% 35% 27.1%
2014 50.1% 41.5% 32.8% 23.5%
2013 58.4% 41.2% 31.3% 21.6%
2012 58.1% 39.8% 29.5% 21.8%
2011 60.2% 36.2% 29.4% 26.4%
2010 55.3% 33.8% 30.4% 16.8%
2009 66.4% 35.9% 37% 20.7%
2008 54.1% 47% 26.7% 13.5%
2007 48.1% 49.6% 25.7% 16.2%
2006 43.2% 43.7% 31.6% 16.9%
2005 37.6% 41% 26.7% 19.8%
2004 36.3% 49.4% 22.5% 24.2%
2003 39.8% 52.6% 22.2% 30.2%
2002 41.2% 79.6% 24.4% 37%
2001 41.4% 108.7% 24.8% 36.6%
2000 39.3% 88.5% 23.1% 38.9%
1999 50.8% 83% 24.1% 42.2%
1998 51.4% 79.4% 26.9% 42.8%
1997 44.6% 65.7% 27.2% 46.1%
1996 41.5% 71.6% 27.6% 47%
1995 42.1% 62.8% 26.2% 50.1%
1994 40.2% 67% 25.4% 52.6%
1993 36% 71.2% 26.9% 58.8%
1992 35.3% 64.4% 28.6% 49.2%
1991 31.3% 11.9% 29.6% 49.5%
1990 32.9% 18% 26.9% 47.7%
1989 35.8% 112.5% 30.9% 51.9%
1988 35.3% 105.2% 45.3% 65.3%
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/trinidad-and-tobago | CC BY

In 2024, Lesotho's government spending was $1.22B, accounting for 53.5% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 56.8% in Lesotho and 64.2% in Trinidad and Tobago, ranking 92/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Lesotho

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Lesotho Trinidad
2024 9.04% -5.24%
2023 7.31% -1.24%
2022 -6.41% 0.92%
2021 -4.95% -8.1%
2020 1.18% -12.2%
2019 -5.72% -3.74%
2018 -4.41% -5.89%
2017 -2.02% -10.4%
2016 -9.43% -10.1%
2015 -1.38% -7.56%
2014 3.16% -4.31%
2013 -2.58% -2.67%
2012 4.56% -1.26%
2011 -9.85% -0.67%
2010 -1.49% 0.13%
2009 -4.16% -5.42%
2008 8.1% 5.39%
2007 10.8% 3.12%
2006 11.6% 1.56%
2005 4.46% 2.36%
2004 6.05% 1.84%
2003 0.89% 1.8%
2002 -2.44% -0.2%
2001 -2.76% 0.61%
2000 -0.95% 0.17%
1999 -15.3% -0.88%
1998 -11.8% -1.8%
1997 0.27% 0.11%
1996 2.11% -0.45%
1995 5.13% 0.17%
1994 5.69% -0.02%
1993 7.55% 0.23%
1992 4.65% -2.74%
1991 9.74% -0.21%
1990 8.78% -1.27%
1989 3.88% -4.46%
1988 -1.87% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 37 years, Lesotho recorded a fiscal deficit in 17 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Lesotho posted an annual surplus equal to 0.74% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Lesotho

Trinidad and Tobago
1x
Year Consumer prices inflation
Lesotho Trinidad
2024 6.11% 0.53%
2023 6.34% 4.63%
2022 8.27% 5.83%
2021 6.05% 2.06%
2020 4.98% 0.6%
2019 5.19% 1%
2018 4.75% 1.02%
2017 4.45% 1.88%
2016 6.6% 3.07%
2015 3.22% 4.66%
2014 5.37% 5.68%
2013 4.87% 5.2%
2012 6.05% 9.26%
2011 5.04% 5.11%
2010 -2.41% 10.5%
2009 -16.9% 6.98%
2008 10.7% 12%
2007 8.01% 7.89%
2006 6.07% 8.33%
2005 3.44% 6.87%
2004 5.02% 3.72%
2003 6.63% 3.81%
2002 33.8% 4.15%
2001 -9.62% 5.54%
2000 6.13% 3.56%
1999 - 3.44%
1998 - 5.61%
1997 - 3.63%

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

GeoRank.org/economy/lesotho/trinidad-and-tobago | CC BY

Over the past 25 years, Lesotho has recorded an average annual inflation rate of 5.13%, compared with 4.96% in Trinidad and Tobago. In 2024, inflation was 6.11% in Lesotho and 0.53% in Trinidad and Tobago.

Balance of trade

Lesotho Trinidad
Current account balance
$89.2M
2024
$645M
2024
Current account balance ranking
68/190
2024
58/190
2024
Current account balance, % of GDP
+3.93%
2024
+2.52%
2024
Goods imports
$1.67B
2024
$7.54B
2024
Goods exports
$965M
2024
$10B
2024
Service imports
$415M
2024
$2.71B
2024
Service exports
$15.4M
2024
$1.26B
2024
Imports of goods and services, % of GDP
98.6%
2023
n/a
Exports of goods and services, % of GDP
42.9%
2023
45%
2025

Economic freedom indices

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

Lesotho Trinidad
Economic freedom 54.9 62.4
Economic freedom ranking 130/197 87/197
Property rights 41.7 47.3
Government integrity 39.6 45.5
Judicial effectiveness 43.6 58.8
Tax burden 76.4 76.1
Government spending 21.3 71.1
Fiscal health 93.5 86.3
Business freedom 50.6 67.1
Labor freedom 57 57.2
Monetary freedom 74.8 81
Trade freedom 65.4 68.8
Investment freedom 55 50
Financial freedom 40 40

Economic freedom comparison by year

Lesotho
Trinidad and Tobago
1x
Year Economic freedom index
Lesotho Trinidad
2026 54.9 62.4
2025 54.1 63.6
2024 51.9 60.4
2023 51.6 59.5
2022 48.1 58.8
2021 53.5 59
2020 54.5 58.3
2019 53.1 57
2018 53.9 57.7
2017 53.9 61.2
2016 50.6 62.9
2015 49.6 64.1
2014 49.5 62.7
2013 47.9 62.3
2012 46.6 64.4
2011 47.5 66.5
2010 48.1 65.7
2009 49.7 68
2008 52.1 69.5
2007 53.2 70.6
2006 54.7 70.4
2005 53.9 71.5
2004 50.3 71.3
2003 52 68.8
2002 48.9 70.1
2001 50.6 71.8
2000 48.4 74.5
1999 48.2 72.4
1998 48.4 72
1997 47.2 71.3
1996 47 69.2

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

GeoRank.org/economy/lesotho/trinidad-and-tobago | CC BY

The Economic Freedom Index for Lesotho is 54.9, ranking 130/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lesotho Trinidad
Services, % of GDP
48%
2024
59.2%
2024
Industry, % of GDP
30.9%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.5%
2024
0.78%
2024
GNI, Atlas method
$2.75B
2024
$27B
2024
GNI per capita, PPP
$3,580
2024
$36,580
2024
Total reserves including gold
$1.01B
2024
$5.6B
2024
Total reserves ranking
142/177
2024
94/177
2024
Net foreign direct investment
$12.6M
2024
$980M
2024
Net inflows of foreign direct investment
-$12.6M
2024
-$453M
2024
Net outflows of foreign direct investment
$0
2024
$527M
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
n/a
Poverty at national poverty lines
49.7%
2017
20%
2020
Gross capital formation, % of GDP
27.2%
2023
19%
2023

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/trinidad-and-tobago | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  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)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.