Lesotho - Customs and other import duties (current LCU)

The value for Customs and other import duties (current LCU) in Lesotho was 1,867,863,000 as of 2019. As the graph below shows, over the past 37 years this indicator reached a maximum value of 2,110,221,000 in 2014 and a minimum value of 76,746,000 in 1982.

Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1982 76,746,000
1983 109,891,000
1984 151,651,000
1985 161,244,000
1986 144,453,000
1987 157,555,000
1988 193,400,000
1989 263,770,000
1991 127,221,400
1992 164,304,000
1993 224,128,700
1994 252,314,500
1995 271,981,300
1996 301,813,700
1997 351,825,700
1998 310,017,000
1999 354,930,900
2000 338,710,300
2001 431,420,200
2002 440,991,000
2003 426,500,000
2004 603,700,000
2005 691,800,000
2006 1,183,491,000
2007 1,229,305,000
2008 1,470,181,000
2009 1,475,414,000
2010 788,370,000
2011 825,794,900
2012 1,789,898,000
2013 1,816,365,000
2014 2,110,221,000
2015 1,919,586,000
2016 1,355,690,000
2017 1,846,260,000
2018 1,662,671,000
2019 1,867,863,000

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance