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Botswana


    • Overview:
      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%.

    • National product:
      GDP - purchasing power parity - $4.3 billion (1994 est.)

    • National product real growth rate:
      1% (1994 est.)

    • National product per capita:
      $3,130 (1994 est.)

    • Inflation rate (consumer prices):
      10% (1994 est.)

    • Unemployment rate:
      25% (1994 est.)

    • Budget:

        revenues:
        $1.7 billion

        expenditures:
        $1.99 billion, including capital expenditures of $652 million (FY93/94)

    • Exports:
      $1.8 billion (f.o.b. 1994)

        commodities:
        diamonds 78%, copper and nickel 6%, meat 5%

        partners:
        Switzerland, UK, SACU (Southern African Customs Union)

    • Imports:
      $1.8 billion (c.i.f., 1992)

        commodities:
        foodstuffs, vehicles and transport equipment, textiles, petroleum products

        partners:
        Switzerland, SACU (Southern African Customs Union), UK, US

    • External debt:
      $344 million (December 1991)

    • Industrial production:
      growth rate 4.6% (FY92/93); accounts for about 43% of GDP, including mining

    • Electricity:

        capacity:
        220,000 kW

        production:
        900 million kWh

        consumption per capita:
        694 kWh (1993)

    • Industries:
      mining of diamonds, copper, nickel, coal, salt, soda ash, potash; livestock processing

    • Agriculture:
      sorghum, maize, millet, pulses, groundnuts, beans, cowpeas, sunflower seeds; livestock

    • Economic aid:

        recipient:
        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)

    • Currency:
      1 pula (P) = 100 thebe

    • Exchange rates:
      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)

    • Fiscal year:
      1 April - 31 March






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