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    Botswana Economy - 1989

      Overview: The economy has historically been based on cattle raising and crops. Agriculture today provides a livelihood for over 80% of the population, but produces only about 50% of food needs and contributes a small 5% to GDP. 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 over 50% in 1988. No other sector has experienced such growth, especially not that of the agricultural sector, which is plagued by erratic rainfall and poor soils. The unemployment rate remains a problem at 25%. A scarce resource base limits diversification into labor-intensive industries.

      GDP: $1.5 billion, per capita $1,310 (1987); real growth rate 8.4% (FY88)

      Inflation rate (consumer prices): 8.5% (1988)

      Unemployment rate: 25% (1987)

      Budget: revenues $1,235 million; expenditures $1,080 million, including capital expenditures of NA (FY90 est.)

      Exports: $1.3 billion (f.o.b., 1988); @m5commodities--diamonds 88%, copper and nickel 5%, meat 4%, cattle, animal products; @m5partners--Switzerland, US, UK, other EC-associated members of Southern African Customs Union

      Imports: $1.1 billion (c.i.f., 1988); @m5commodities--foodstuffs, vehicles, textiles, petroleum products; @m5partners--Switzerland, US, UK, other EC-associated members of Southern African Customs Union

      External debt: $428 million (December 1988)

      Industrial production: growth rate 16.8% (FY86)

      Electricity: 207,000 kW capacity; 631 million kWh produced, 510 kWh per capita (1988)

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

      Agriculture: accounts for only 5% of GDP; 80% of population live on the land; subsistence farming predominates; cattle raising supports 50% of the population; must import large share of food needs

      Aid: NA

      Currency: pula (plural--pula); 1 pula (P) = 100 thebe

      Exchange rates: pula (P) per US$1--1.9088 (December 1988), 1.8159 (1988), 1.6779 (1987), 1.8678 (1986), 1.8882 (1985)

      Fiscal year: 1 April-31 March

      NOTE: The information regarding Botswana on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Botswana Economy 1989 information contained here. All suggestions for corrections of any errors about Botswana Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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