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Botswana Economy 2017
https://theodora.com/wfbcurrent/botswana/botswana_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Botswana Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Botswana has maintained one of the world's highest economic growth rates since independence in 1966. Diamond mining has fueled much of the expansion and currently accounts for one quarter of GDP, approximately 85% of export earnings, and about one-third of the government's revenues. Tourism is the secondary earner of foreign exchange and many Batswana engage in subsistence farming and cattle raising. 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 $17,700 in 2015. Two major investment services rank Botswana as the best credit risk in Africa.Botswana's economy is highly correlated with global economic trends because of its heavy reliance on a single luxury export. According to official government statistics, unemployment is 19.5%, but unofficial estimates run much higher. De Beers, a major international diamond company, signed a 10-year deal with Botswana in 2012 and moved its rough stone sorting and trading division from London to Gaborone in 2013. The move was geared to support the development of Botswana's nascent downstream diamond industry.Following the 2008 global recession Botswana’s economy recovered in 2010. However, the Government of Botswana estimates the economy grew by only 1% in 2015. This was primarily due to the downturn in the global diamond market; water and power shortages also played a role. In October 2015 President Ian KHAMA announced a stimulus plan to boost the economy through projects in agricultural production, construction, manufacturing, and tourism development. In 2016, Botswana entered its fourth year of drought, detrimental to Botswana’s small, but vital agriculture sector.The prevalence of HIV/AIDS is second highest in the world and threatens the country's impressive economic gains.

GDP (purchasing power parity):
$36.51 billion (2016 est.) $35.4 billion (2015 est.) $35.49 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 122
[see also: GDP country ranks ]

GDP (official exchange rate):
$10.95 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.1% (2016 est.) -0.3% (2015 est.) 3.2% (2014 est.)
country comparison to the world: 94
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$16,900 (2016 est.) $16,600 (2015 est.) $16,900 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 99
[see also: GDP - per capita country ranks ]

Gross national saving:
35.3% of GDP (2016 est.) 39.1% of GDP (2015 est.) 46.3% of GDP (2014 est.)
country comparison to the world: 12
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 46.1%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 17.1%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 29.5%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 6.9%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 52.4%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -52% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 1.8%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 29.8%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 68.4% (2016 est.)
[see also: GDP - composition, by sector of origin - services 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:
2.5% (2016 est.)
country comparison to the world: 92
[see also: Industrial production growth rate country ranks ]

Labor force:
1.177 million (2016 est.)
country comparison to the world: 139
[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:
20% (2013 est.) 17.8% (2009 est.)
country comparison to the world: 170
[see also: Unemployment rate country ranks ]

Population below poverty line:
30.3% (2003 est.)
[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:
60.5 (2009)
country comparison to the world: 6
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $4.69 billion
[see also: Budget revenues country ranks ]
expenditures: $5.306 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
42.8% of GDP (2016 est.)
country comparison to the world: 30
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.6% of GDP (2016 est.)
country comparison to the world: 170
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
21% of GDP (2016 est.) 19.6% of GDP (2015 est.)
country comparison to the world: 162
[see also: Public debt country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
3.4% (2016 est.) 3.1% (2015 est.)
country comparison to the world: 148
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6% (31 December 2015) 7.5% (31 December 2014)
country comparison to the world: 67
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
7% (31 December 2016 est.) 7.95% (31 December 2015 est.)
country comparison to the world: 118
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.365 billion (31 December 2016 est.) $1.223 billion (31 December 2015 est.)
country comparison to the world: 141
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$8.293 billion (31 December 2013 est.) $7.635 billion (31 December 2012 est.)
country comparison to the world: 112
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.783 billion (31 December 2016 est.) $1.614 billion (31 December 2015 est.)
country comparison to the world: 143
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$4.588 billion (31 December 2012 est.) $4.107 billion (31 December 2011 est.) $4.076 billion (31 December 2010 est.)
country comparison to the world: 86
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$447 million (2016 est.) $1.043 billion (2015 est.)
country comparison to the world: 40
[see also: Current account balance country ranks ]

Exports:
$6.448 billion (2016 est.) $6.274 billion (2015 est.)
country comparison to the world: 101
[see also: Exports country ranks ]

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

Imports:
$7.194 billion (2016 est.) $7.09 billion (2015 est.)
country comparison to the world: 108
[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:
$7.622 billion (31 December 2016 est.) $7.546 billion (31 December 2015 est.)
country comparison to the world: 81
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$2.386 billion (31 December 2016 est.) $2.221 billion (31 December 2015 est.)
country comparison to the world: 147
[see also: Debt - external country ranks ]

Exchange rates:
pulas (BWP) per US dollar - 10.21 (2016 est.) 10.1263 (2015 est.) 10.1263 (2014 est.) 8.9761 (2013 est.) 7.62 (2012 est.)


NOTE: The information regarding Botswana on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Botswana Economy 2017 information contained here. All suggestions for corrections of any errors about Botswana Economy 2017 should be addressed to the CIA.




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