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Economy of Lesotho vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Lesotho has a GDP of $2.27B compared to $552B for the United Arab Emirates, ranking 175/197 and 27/197 by economy size, respectively.

Lesotho has $1.29B in government debt (56.8% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Lesotho vs United Arab Emirates GDP by year

Lesotho
United Arab Emirates
1x
Year GDP, current $
Lesotho UAE
2024 $2,271,759,455 $552,324,846,835
2023 $2,117,962,445 $522,622,191,967
2022 $2,354,980,960 $511,403,403,676
2021 $2,412,130,057 $422,441,388,700
2020 $2,053,699,864 $357,161,878,829
2019 $2,390,702,296 $433,926,208,305
2018 $2,556,247,292 $440,560,108,918
2017 $2,306,741,672 $403,365,010,211
2016 $2,114,426,452 $381,717,086,453
2015 $2,359,686,725 $381,973,042,886
2014 $2,441,063,054 $424,935,874,745
2013 $2,367,112,932 $409,632,675,289
2012 $2,477,702,216 $392,793,464,942
2011 $2,579,409,620 $368,881,143,635
2010 $2,234,754,242 $307,736,419,333
2009 $1,740,894,965 $253,547,358,747
2008 $1,766,902,709 $315,474,615,739
2007 $1,682,131,785 $257,916,133,424
2006 $1,800,092,564 $222,116,541,865
2005 $1,682,343,527 $180,617,467,965
2004 $1,511,236,656 $147,824,370,320
2003 $1,157,825,435 $124,346,358,067
2002 $775,777,239 $109,816,201,498
2001 $825,706,961 $103,311,640,572
2000 $887,291,688 $104,337,372,362
1999 $912,773,681 $84,445,473,111
1998 $928,460,893 $75,674,336,283
1997 $998,004,259 $78,839,008,445
1996 $946,112,493 $73,571,233,996
1995 $1,001,894,000 $65,743,666,576
1994 $878,250,945 $59,305,093,980
1993 $835,582,062 $55,625,170,253
1992 $831,029,862 $54,239,171,888
1991 $704,325,367 $51,552,165,622
1990 $596,410,264 $50,701,443,748
1989 $495,409,233 $41,464,995,914
1988 $470,395,801 $36,275,674,203
1987 $402,768,324 $36,384,908,744
1986 $318,858,423 $33,943,612,095
1985 $268,629,926 $40,603,650,232
1984 $333,163,670 $41,807,954,236
1983 $386,699,309 $42,803,323,345
1982 $348,741,684 $46,622,718,605
1981 $434,188,034 $49,333,424,135
1980 $431,542,537 $43,599,160,050
1979 $290,134,593 $31,225,659,621
1978 $266,570,067 $23,775,764,225
1977 $193,315,048 $24,871,775,165
1976 $147,660,037 $19,213,158,779
1975 $149,558,896 $14,720,728,249
1974 $150,851,317 $11,651,505,689
1973 $121,188,716 $4,231,243,616
1972 $80,913,200 $1,415,086,929
1971 $76,480,285 $939,893,600
1970 $68,739,973 $685,986,701
1969 $65,967,974 -
1968 $61,445,975 -
1967 $59,261,976 -
1966 $56,699,977 -
1965 $54,879,978 -
1964 $51,939,979 -
1963 $47,039,981 -
1962 $41,859,983 -
1961 $35,699,986 -
1960 $34,579,986 -

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

GeoRank.org/economy/lesotho/united-arab-emirates | CC BY

GDP per capita in Lesotho vs United Arab Emirates by year

Lesotho
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lesotho UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $972 $3,001 $50,274 $79,229
2023 $916 $2,881 $49,851 $77,955
2022 $1,030 $2,761 $50,760 $75,072
2021 $1,067 $2,545 $44,119 $68,580
2020 $919 $2,559 $37,992 $66,791
2019 $1,082 $2,568 $45,939 $79,816
2018 $1,171 $2,632 $47,135 $77,446
2017 $1,069 $2,619 $43,734 $70,282
2016 $992 $2,942 $42,721 $69,987
2015 $1,121 $3,035 $44,910 $73,986
2014 $1,174 $2,771 $52,725 $87,478
2013 $1,151 $2,538 $53,247 $87,526
2012 $1,218 $2,291 $53,142 $89,198
2011 $1,281 $2,279 $51,922 $89,665
2010 $1,119 $2,153 $44,795 $85,120
2009 $879 $2,036 $37,803 $84,780
2008 $898 $2,064 $50,054 $94,628
2007 $861 $1,932 $45,855 $100,813
2006 $925 $1,813 $44,343 $106,814
2005 $861 $1,681 $38,719 $101,301
2004 $767 $1,561 $33,377 $98,661
2003 $583 $1,484 $29,660 $92,636
2002 $389 $1,385 $27,754 $88,467
2001 $413 $1,350 $27,745 $90,370
2000 $443 $1,273 $29,866 $92,899
1999 $456 $1,199 $25,856 $87,658
1998 $465 $1,179 $24,889 $90,229
1997 $502 $1,154 $27,983 $96,009
1996 $480 $1,103 $28,323 $94,620
1995 $513 $1,037 $27,003 $93,702
1994 $456 $995 $25,473 $89,959
1993 $439 $932 $25,033 $86,330
1992 $444 $893 $25,648 $87,509
1991 $382 $830 $25,691 $87,250
1990 $330 $764 $26,710 $88,455
1989 $279 - $23,167 -
1988 $270.4 - $21,570 -
1987 $236.5 - $23,113 -
1986 $191.4 - $23,132 -
1985 $165.4 - $29,468 -
1984 $211 - $32,012 -
1983 $252 - $34,650 -
1982 $233.9 - $39,972 -
1981 $299.8 - $44,854 -
1980 $307 - $42,925 -
1979 $212.4 - $34,238 -
1978 $200.8 - $29,379 -
1977 $149.9 - $35,020 -
1976 $117.8 - $31,197 -
1975 $123.2 - $27,117 -
1974 $128.7 - $23,823 -
1973 $107 - $9,696 -
1972 $74 - $3,675 -
1971 $72.4 - $2,805 -
1970 $67.4 - $2,394 -
1969 $67.1 - - -
1968 $64.8 - - -
1967 $64.8 - - -
1966 $64.3 - - -
1965 $64.3 - - -
1964 $62.6 - - -
1963 $58.4 - - -
1962 $53.5 - - -
1961 $47 - - -
1960 $47 - - -

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

GeoRank.org/economy/lesotho/united-arab-emirates | CC BY

Lesotho's GDP per capita is $972, ranking 181/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Lesotho ranks 180th at $3,001, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Lesotho UAE
Gross domestic product
$2.27B
2024
$552B
2024
GDP rank
175/197
2024
27/197
2024
GDP growth
2.85%
2023-2024
3.99%
2023-2024
GDP per capita
$972
2024
$50,274
2024
GDP per capita rank
181/197
2024
24/197
2024
GDP per capita, PPP
$3,001
2024
$79,229
2024
GDP per capita PPP rank
180/197
2024
16/197
2024
Government debt
$1.29B
2024
$193B
2024
Debt-to-GDP ratio
56.8%
2024
34.9%
2024
Government debt per person
$552
2024
$17,568
2024
Government debt per person rank
164/185
2024
36/185
2024
Average annual personal income after taxes
$6,545
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
32.9%
2017
20.5%
2018
Income share by poorest 10%
1.7%
2017
2.8%
2018
Government expenditure, % of GDP
53.5%
2024
21.4%
2024
Consumer prices inflation
6.11%
2023-2024
1.7%
2023-2024
Central bank interest rate
6.5%
2025
3.65%
2025
Unemployment rate
18.7%
2024
1.88%
2024
Population
2396633
11686438

Spending and national debt comparison by year

Lesotho
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Lesotho UAE
Government spending Government debt Government spending Government debt
2024 53.5% 56.8% 21.4% 34.9%
2023 49.4% 61.5% 22.7% 31.9%
2022 50.8% 64.4% 22.7% 31.5%
2021 53.8% 58% 25.9% 35.7%
2020 54.4% 54.7% 30.5% 30.1%
2019 53.6% 58.2% 27.4% 25.8%
2018 51.9% 48.2% 25.9% 20.7%
2017 50.4% 41% 27.2% 21.2%
2016 54.1% 41.5% 31.7% 18.6%
2015 51.7% 45.8% 26.4% 15.6%
2014 50.1% 41.5% 31.4% 13.5%
2013 58.4% 41.2% 28.9% 15.3%
2012 58.1% 39.8% 27.8% 20.2%
2011 60.2% 36.2% 29.6% 20.4%
2010 55.3% 33.8% 30.4% 18.3%
2009 66.4% 35.9% 35% 21.1%
2008 54.1% 47% 22% 8.95%
2007 48.1% 49.6% 17.7% 8.89%
2006 43.2% 43.7% 15.6% 5.05%
2005 37.6% 41% 15.7% 4.48%
2004 36.3% 49.4% 17.7% 4.08%
2003 39.8% 52.6% 20% 3.33%
2002 41.2% 79.6% 21.3% 3.43%
2001 41.4% 108.7% 25.2% 2.69%
2000 39.3% 88.5% 21.8% 3.12%
1999 50.8% 83% 24.3% 4.73%
1998 51.4% 79.4% 25.8% 4.18%
1997 44.6% 65.7% 22.6% 2.86%
1996 41.5% 71.6% 27.6% 3.48%
1995 42.1% 62.8% 26.1% 5.06%
1994 40.2% 67% 30.1% 5.58%
1993 36% 71.2% 31.5% 6.01%
1992 35.3% 64.4% 29.6% 5.31%
1991 31.3% 11.9% 36% 4.97%
1990 32.9% 18% - -
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 (1982–1998, retrieved 2026-02-20).

GeoRank.org/economy/lesotho/united-arab-emirates | CC BY

In 2024, Lesotho's government spending was $1.22B, accounting for 53.5% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 56.8% in Lesotho and 34.9% in the United Arab Emirates, ranking 92/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Lesotho

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Lesotho UAE
2024 9.04% 6.41%
2023 7.31% 5.82%
2022 -6.41% 9.8%
2021 -4.95% 3.96%
2020 1.18% -2.42%
2019 -5.72% 2.5%
2018 -4.41% 3.65%
2017 -2.02% -0.16%
2016 -9.43% -2.95%
2015 -1.38% -6.35%
2014 3.16% 1.74%
2013 -2.58% 7.99%
2012 4.56% 8.59%
2011 -9.85% 5.05%
2010 -1.49% 0.52%
2009 -4.16% -6.13%
2008 8.1% 17.6%
2007 10.8% 17.1%
2006 11.6% 20.2%
2005 4.46% 16%
2004 6.05% 6.4%
2003 0.89% 2.35%
2002 -2.44% -1.24%
2001 -2.76% 1.21%
2000 -0.95% 10.7%
1999 -15.3% 1.31%
1998 -11.8% 1%
1997 0.27% 6.71%
1996 2.11% 0.92%
1995 5.13% 3.58%
1994 5.69% -1.78%
1993 7.55% -2.89%
1992 4.65% 3.34%
1991 9.74% 3.89%
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/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Lesotho recorded a fiscal deficit in 16 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Lesotho posted an annual surplus equal to 0.49% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Lesotho

United Arab Emirates
1x
Year Consumer prices inflation
Lesotho UAE
2024 6.11% 1.7%
2023 6.34% 1.6%
2022 8.27% 4.8%
2021 6.05% -0.1%
2020 4.98% -2.1%
2019 5.19% -1.9%
2018 4.75% 3.1%
2017 4.45% 2%
2016 6.6% 1.6%
2015 3.22% 4.1%
2014 5.37% 2.3%
2013 4.87% 1.1%
2012 6.05% 0.7%
2011 5.04% 0.9%
2010 -2.41% 0.9%
2009 -16.9% -4.7%
2008 10.7% 12.3%
2007 8.01% 11.1%
2006 6.07% 9.3%
2005 3.44% 6.2%
2004 5.02% 5%
2003 6.63% 3.1%
2002 33.8% 2.9%
2001 -9.62% 2.8%
2000 6.13% 1.3%
1999 - 2.1%
1998 - 2%
1997 - 3%

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/united-arab-emirates | CC BY

Over the past 25 years, Lesotho has recorded an average annual inflation rate of 5.13%, compared with 2.8% in the United Arab Emirates. In 2024, inflation was 6.11% in Lesotho and 1.7% in the United Arab Emirates.

Top exports between countries

Lesotho
Export category Export value
Metals $688K
Textiles & consumer goods $370K
Precious metals & jewellery $69K
Machinery & equipment $3K
Chemicals & pharma $2K
Miscellaneous $1K
Wood & paper products $1K
UAE
Export category Export value
Machinery & equipment $232K
Chemicals & pharma $164K
Wood & paper products $148K
Precious metals & jewellery $141K
Miscellaneous $94K
Processed food, beverages & tobacco $77K
Metals $20K
Textiles & consumer goods $20K
Raw agricultural goods $3K
Raw materials & minerals $3K

Balance of trade

Lesotho UAE
Current account balance
$89.2M
2024
$80B
2024
Current account balance ranking
68/190
2024
9/190
2024
Current account balance, % of GDP
+3.93%
2024
+14.5%
2024
Goods imports
$1.67B
2024
$400B
2024
Goods exports
$965M
2024
$467B
2024
Service imports
$415M
2024
$117B
2024
Service exports
$15.4M
2024
$181B
2024
Imports of goods and services, % of GDP
98.6%
2023
92.2%
2023
Exports of goods and services, % of GDP
42.9%
2023
106.8%
2023

Economic freedom indices

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

Lesotho UAE
Economic freedom 54.9 71.9
Economic freedom ranking 130/197 29/197
Property rights 41.7 62.9
Government integrity 39.6 65.3
Judicial effectiveness 43.6 34.4
Tax burden 76.4 99.9
Government spending 21.3 85.1
Fiscal health 93.5 97.6
Business freedom 50.6 84.5
Labor freedom 57 63.2
Monetary freedom 74.8 81.2
Trade freedom 65.4 78.6
Investment freedom 55 50
Financial freedom 40 60

Economic freedom comparison by year

Lesotho
United Arab Emirates
1x
Year Economic freedom index
Lesotho UAE
2026 54.9 71.9
2025 54.1 71.6
2024 51.9 71.1
2023 51.6 70.9
2022 48.1 70.2
2021 53.5 76.9
2020 54.5 76.2
2019 53.1 77.6
2018 53.9 77.6
2017 53.9 76.9
2016 50.6 72.6
2015 49.6 72.4
2014 49.5 71.4
2013 47.9 71.1
2012 46.6 69.3
2011 47.5 67.8
2010 48.1 67.3
2009 49.7 64.7
2008 52.1 62.6
2007 53.2 62.6
2006 54.7 62.2
2005 53.9 65.2
2004 50.3 67.2
2003 52 73.4
2002 48.9 73.6
2001 50.6 74.9
2000 48.4 74.2
1999 48.2 71.5
1998 48.4 72.2
1997 47.2 71.9
1996 47 71.6

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

GeoRank.org/economy/lesotho/united-arab-emirates | CC BY

The Economic Freedom Index for Lesotho is 54.9, ranking 130/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lesotho UAE
Services, % of GDP
48%
2024
54.9%
2024
Industry, % of GDP
30.9%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.5%
2024
0.77%
2024
GNI, Atlas method
$2.75B
2024
$566B
2024
GNI per capita, PPP
$3,580
2024
$81,530
2024
Total reserves including gold
$1.01B
2024
$238B
2024
Total reserves ranking
142/177
2024
14/177
2024
Net foreign direct investment
$12.6M
2024
$31.5B
2024
Net inflows of foreign direct investment
-$12.6M
2024
$45.6B
2024
Net outflows of foreign direct investment
$0
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
4.06%
2024
n/a
Poverty at national poverty lines
49.7%
2017
19.5%
2020
Gross capital formation, % of GDP
27.2%
2023
26.6%
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/united-arab-emirates | CC BY

Compare countries by 7 more topics

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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 (1982–1998, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.