Goods and Services: Credit for Lesotho
LSOBXGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.61
Year-over-Year Change
11.45%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Credit for Lesotho' metric measures the value of imports and exports of goods and services as a percentage of Lesotho's gross domestic product. This key economic indicator provides insights into Lesotho's trade dynamics and its integration with the global economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric tracks Lesotho's total trade in goods and services, including both exports and imports, as a proportion of its overall economic output. It offers a gauge of the openness and trade-dependency of Lesotho's economy, which is relevant for policymakers and analysts assessing the country's economic performance and development.
Methodology
The data is collected and reported by the World Bank based on official government statistics.
Historical Context
This metric is widely used by economists and policymakers to evaluate Lesotho's trade position and its exposure to global economic conditions.
Key Facts
- Lesotho's trade-to-GDP ratio reached a high of 145% in 2008.
- The country's trade openness has declined since the global financial crisis.
- Textiles and diamonds are Lesotho's top export commodities.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of Lesotho's imports and exports of goods and services as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Lesotho's level of trade openness and integration with the global economy, which is crucial for assessing the country's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on official government statistics from Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Lesotho's trade position, exposure to global economic conditions, and the effectiveness of trade-related policies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have a lag of several months before being publicly available.
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Citation
U.S. Federal Reserve, Goods and Services: Credit for Lesotho (LSOBXGSBP6GDPPT), retrieved from FRED.