Lesotho Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Lesotho's credit to gdp was 26.23% in 2025, ranked 112th globally. This represents a 2.5% increase from 2024. Data from World Bank, covering 1973–2025.
Overview
Lesotho's credit to gdp stood at 26.23% in 2025, a rise of +0.65% from 2024. Based on recent trends, this figure is projected to reach 26.23% by 2025. Lesotho ranked 112th globally.
Lesotho’s credit to GDP ratio has risen sharply over the 53‑year series, climbing from 6.83 in 1973 to an all‑time peak of 26.23 in 2025, where it ranks 112th globally. The low point of 5.26 in 2004 marked the bottom of a prolonged contraction in external borrowing, after which the country embarked on a steady expansion of public and private debt to finance infrastructure and social programmes. By 2025 the ratio is just below that of Latvia (26.98) and Kazakhstan (27.00), and slightly above Togo (25.24), indicating that Lesotho’s financing structure now resembles that of middle‑income economies rather than its traditional low‑income peers. The upward trajectory reflects both higher fiscal deficits and greater access to international capital markets, but it also raises vulnerability to external shocks and debt‑service pressures. Continued monitoring of debt sustainability will be crucial, and a shift toward fiscal consolidation or stronger domestic savings could moderate the current rise.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 28.20% | - | - |
| 2026* trend | 27.21% | - | - |
| 2025* trend | 26.23% | - | - |
| 2025 | 26.23% | +0.65% | #112 |
| 2024 | 25.58% | +0.71% | #28 |
| 2023 | 24.87% | +3.17% | #41 |
| 2022 | 21.70% | −0.63% | #42 |
| 2021 | 22.33% | +0.39% | #39 |
| 2020 | 21.93% | +0.61% | #41 |
| 2019 | 21.32% | +1.19% | #42 |
| 2018 | 20.13% | +0.13% | #38 |
| 2017 | 20.00% | +1.79% | #39 |
| 2016 | 18.21% | −0.06% | #34 |
| 2015 | 18.27% | −1.06% | #33 |
| 2014 | 19.33% | −0.62% | #40 |
| 2013 | 19.95% | +1.38% | #45 |
| 2012 | 18.57% | +4.22% | #43 |
| 2011 | 14.35% | +0.94% | #35 |
Detected Pattern
Analysis
Lesotho matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Lesotho's credit to gdp was 26.23% in 2025. Ranked 112th globally. This represents a 2.5% increase from the previous year.
Lesotho's credit to gdp peaked at 26.23% in 2025.
The lowest credit to gdp in Lesotho was 5.26% in 2004.
Lesotho ranks 112th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Lesotho's credit to gdp is projected to reach 26.23% by 2025 based on trend extrapolation.
The credit to gdp of Lesotho in 2025 was 26.23%. This ranks 112th in the world.
Cite this page
@misc{historysaid_lesotho_credit-to-gdp,
title = {Lesotho Credit to GDP},
url = {https://historysaid.com/lesotho/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}