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Botswana Economy 2011
https://theodora.com/wfb2011/botswana/botswana_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

Economy - overview:
Botswana has maintained one of the world's highest economic growth rates since independence in 1966, though growth fell below 5% in 2007-08, and turned sharply negative in 2009, with industry falling nearly 30%. Through fiscal discipline and sound management, Botswana transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of $13,100 in 2010. Two major investment services rank Botswana as the best credit risk in Africa. Diamond mining has fueled much of the expansion and currently accounts for more than one-third of GDP, 70-80% of export earnings, and about half of the government's revenues. Botswana's heavy reliance on a single luxury export was a critical factor in the sharp economic contraction of 2009. Tourism, financial services, subsistence farming, and cattle raising are other key sectors. Although unemployment was 7.5% in 2007 according to official reports, unofficial estimates place it closer to 40%. The prevalence of HIV/AIDS is second highest in the world and threatens Botswana's impressive economic gains. An expected leveling off in diamond mining production within the next two decades overshadows long-term prospects.

GDP (purchasing power parity):
$26.56 billion (2010 est.)
country comparison to the world: 112

$25.76 billion (2009 est.)
$27.23 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$12.5 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.1% (2010 est.)
country comparison to the world: 118

-5.4% (2009 est.)
2.9% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$13,100 (2010 est.)
country comparison to the world: 89

$12,900 (2009 est.)
$13,900 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 2.3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 45.8%
[see also: GDP - composition by sector - industry country ranks ]
services: 51.9% (2008 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
685,300 formal sector employees (2007)
country comparison to the world: 151
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
[see also: Labor force - by occupation - industry country ranks ]
services: NA%
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
7.5% (2007 est.)
country comparison to the world: 77
[see also: Unemployment rate country ranks ]

Population below poverty line:
30.3% (2003)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
63 (1993)
country comparison to the world: 4
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
28.2% of GDP (2009 est.)
country comparison to the world: 24
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $4.165 billion
[see also: Budget - revenues country ranks ]
expenditures: $5.888 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
22.6% of GDP (2010 est.)
country comparison to the world: 106

18.6% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
7.1% (2010 est.)
country comparison to the world: 179

8.1% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
10% (31 December 2009)
country comparison to the world: 19

15% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
13.76% (31 December 2009 est.)
country comparison to the world: 35

16.54% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.146 billion (31 December 2010 est)

$939.1 million (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$6.679 billion (31 December 2010 est.)

$5.357 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.361 billion (31 December 2008 est.)
country comparison to the world: 140

$2.06 billion (31 December 2007 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$3.991 billion (31 December 2009)
country comparison to the world: 87

$3.556 billion (31 December 2008)
$5.887 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
livestock, sorghum, maize, millet, beans, sunflowers, groundnuts

Industries:
diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver; livestock processing; textiles

Industrial production growth rate:
6.9% (2009 est.)
country comparison to the world: 43
[see also: Industrial production growth rate country ranks ]

Electricity - production:
1.052 billion kWh (2007 est.)
country comparison to the world: 144
[see also: Electricity - production country ranks ]

Electricity - consumption:
2.648 billion kWh (2007 est.)
country comparison to the world: 130
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
2.181 billion kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 119
[see also: Oil - production country ranks ]

Oil - consumption:
15,000 bbl/day (2009 est.)
country comparison to the world: 138
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 208
[see also: Oil - exports country ranks ]

Oil - imports:
15,180 bbl/day (2007 est.)
country comparison to the world: 124
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 199
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 202
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 114
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 51
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 78
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 200
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$552 million (2010 est.)
country comparison to the world: 118

-$762 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$4.419 billion (2010 est.)
country comparison to the world: 112

$3.385 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
diamonds, copper, nickel, soda ash, meat, textiles

Imports:
$4.518 billion (2010 est.)
country comparison to the world: 123

$4.243 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
foodstuffs, machinery, electrical goods, transport equipment, textiles, fuel and petroleum products, wood and paper products, metal and metal products

Reserves of foreign exchange and gold:
$7.834 billion (31 December 2010 est.)
country comparison to the world: 58

$8.704 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$2.222 billion (31 December 2010 est.)
country comparison to the world: 138

$1.681 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Exchange rates:
pulas (BWP) per US dollar - 6.7413 (2010), 7.1602 (2009), 6.7907 (2008), 6.2035 (2007), 5.8447 (2006)


NOTE: The information regarding Botswana on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Botswana Economy 2011 information contained here. All suggestions for corrections of any errors about Botswana Economy 2011 should be addressed to the CIA.



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