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. 1996 Index
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Botswana Economy 1996
The economy has historically been based on cattle raising and crops.
Agriculture today provides a livelihood for more than 80% of the population
but supplies only about 50% of food needs and accounts for only 5% of GDP.
Subsistence farming and cattle raising predominate. The driving force behind
the rapid economic growth of the 1970s and 1980s has been the mining
industry. This sector, mostly on the strength of diamonds, has gone from
generating 25% of GDP in 1980 to 39% in 1994. No other sector has
experienced such growth, especially not agriculture, which is plagued by
erratic rainfall and poor soils. The unemployment rate remains a problem at
25%. Hampered by a still sluggish diamond market in 1994, GDP grew by only
1%.
GDP - purchasing power parity - $4.3 billion (1994 est.)
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National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
$1.99 billion, including capital expenditures of $652 million (FY93/94)
$1.8 billion (f.o.b. 1994)
diamonds 78%, copper and nickel 6%, meat 5%
Switzerland, UK, SACU (Southern African Customs Union)
$1.8 billion (c.i.f., 1992)
foodstuffs, vehicles and transport equipment, textiles, petroleum products
Switzerland, SACU (Southern African Customs Union), UK, US
$344 million (December 1991)
growth rate 4.6% (FY92/93); accounts for about 43% of GDP, including mining
mining of diamonds, copper, nickel, coal, salt, soda ash, potash; livestock
processing
sorghum, maize, millet, pulses, groundnuts, beans, cowpeas, sunflower seeds;
livestock
US aid (1992), $13 million; Norway (1992), $16 million; Sweden (1992), $15.5
million; Germany (1992), $3.6 million; EC/Lome-IV (1992), $3 million-$6
million in grants; $28.7 million in long-term projects (1992)
pula (P) per US$1 - 1.7086 (January 1995), 2.6976 (November 1994), 2.4190
(1993), 2.1327 (1992), 2.0173 (1991), 1.8601 (1990)
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