Lesotho - Balance of payments
Lesotho's chronic balance-of-payments deficit was partially offset by the flow of cash and material goods from Basotho workers in South Africa, but the end of this system in 1999 caused a higher total debt than usual. Revenues from the highlands water project may offset losses.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Lesotho's exports was $250 million while imports totaled $720 million resulting in a trade deficit of $470 million.
The International Monetary Fund (IMF) reports that in 2001 Lesotho had exports of goods totaling $279 million and imports totaling $679 million. The services credit totaled $41 million and debit $49 million. The following table summarizes Lesotho's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||-400|
|Balance on services||-8|
|Balance on income||179|
|Direct investment abroad||…|
|Direct investment in Lesotho||117|
|Portfolio investment assets||…|
|Portfolio investment liabilities||…|
|Other investment assets||-20|
|Other investment liabilities||-8|
|Net Errors and Omissions||155|
|Reserves and Related Items||-166|