_#_Member of: ACP, AfDB, C, CCC, ECA, FAO, G-77, GATT, IBRD, ICAO,
ICFTU, IDA, IFAD, IFC, ILO, IMF, INTERPOL, IOC, ITU, LORCS,
NAM, OAU, SACU, SADCC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCL,
WHO, WIPO, WMO, WTO
_#_Diplomatic representation: Ambassador W. T. VAN TONDER; Chancery at 2511 Massachusetts Avenue NW, Washington DC 20008; telephone (202) 797-5 534;
US—Ambassador Leonard H.O. SPEARMAN, Jr.; Embassy at address NA, Maseru (mailing address is P. O. Box 333, Maseru 100); telephone [266] 312666
_#_Flag: divided diagonally from the lower hoist side corner; the upper half is white bearing the brown silhouette of a large shield with crossed spear and club; the lower half is a diagonal blue band with a green triangle in the corner
_*Economy #_Overview: Small, landlocked, and mountainous, Lesotho has no important natural resources other than water. Its economy is based on agriculture, light manufacturing, and remittances from laborers employed in South Africa ($153 million in 1989). The great majority of households gain their livelihoods from subsistence farming and migrant labor. Manufacturing depends largely on farm products to support the milling, canning, leather, and jute industries; other industries include textile, clothing, and light engineering. Industry's share of GDP rose from 6% in 1982 to 15% in 1989. Political and economic instability in South Africa raise uncertainties for Lesotho's economy, especially with respect to migrant worker remittances—over one-third of GDP.
_#_GDP: $420 million, per capita $240; real growth rate 4.0% (1990 est.)
_#_Inflation rate (consumer prices): 15% (1990 est.)
_#_Unemployment rate: 23% (1988)
_#_Budget: revenues $280 million; expenditures $288 million, including capital expenditures of $NA (FY92 est.)
_#_Exports: $66 million (f.o.b., 1989);