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Botswana

Headline economic indicators for Botswana, with the most recent official readings.

Prices

Prices — Botswana
Indicator Value Change
Inflation rate · 2.7% -0.16 (-5.6%)
Consumer price index · 202.6 +5.25 (+2.7%)
GDP deflator inflation · 3.6% +1.69 (+87.5%)

GDP

GDP — Botswana
Indicator Value Change
GDP growth rate · -0.7% +2.05 (+73.6%)
GDP per capita · 7,778.12 +128.30 (+1.7%)
GDP per capita, long-run history · 16,352 +739.83 (+4.7%)
GDP · 19,928,479,839.45 +642,228,772 (+3.3%)
GDP, PPP · 53,030,571,759 +1,063,648,217 (+2.0%)
GDP per capita, PPP · 20,698 +85.43 (+0.4%)
GDP per capita growth · -2.3% +2.04 (+46.7%)
GNI per capita · 7,390 -220.00 (-2.9%)
Agriculture to GDP · 1.8% +0.02 (+1.1%)
Industry to GDP · 27.9% -1.20 (-4.1%)
Manufacturing to GDP · 5.7% +0.11 (+2.0%)
Services to GDP · 64.6% +1.12 (+1.8%)
Household consumption to GDP · 45.8% +0.51 (+1.1%)
Gross capital formation to GDP · 29.2% -7.05 (-19.5%)
Gross savings to GDP · 28.3% -3.75 (-11.7%)

Labour

Labour — Botswana
Indicator Value Change
Unemployment rate · 24.5% +0.67 (+2.8%)
Labour force participation rate · 68.8% +0.23 (+0.3%)
Female labour force participation rate · 63.7% +0.26 (+0.4%)
Youth unemployment rate · 46.0% +0.71 (+1.6%)
Employment to population ratio · 52.0% -0.29 (-0.5%)
Employment in agriculture · 18.0% -0.08 (-0.4%)
Employment in industry · 15.8% +0.02 (+0.1%)
Employment in services · 66.2% +0.05 (+0.1%)

Money

Money — Botswana
Indicator Value Change
Real interest rate · 4.2% -0.66 (-13.4%)
Broad money to GDP · 44.1% +2.40 (+5.7%)
Private sector credit to GDP · 33.2% +0.10 (+0.3%)
Lending rate · 6.3% -0.48 (-7.1%)
Bank deposit rate · 2.4% -0.60 (-20.3%)
Stock market capitalization to GDP · 21.5% +1.26 (+6.2%)
Bank nonperforming loans · 3.3% -0.13 (-3.7%)
Official exchange rate · 13.5 -0.06 (-0.4%)

Trade

Trade — Botswana
Indicator Value Change
Current account to GDP · 2.9% +7.43 (+165.0%)
Exports to GDP · 32.0% +4.96 (+18.3%)
Imports to GDP · 37.5% -4.86 (-11.5%)
Trade to GDP · 69.5% +0.10 (+0.1%)
Exports of goods and services · 6,383,839,015.68 +1,161,757,871 (+22.2%)
Imports of goods and services · 7,475,356,083.44 -695,967,496 (-8.5%)
Trade balance, goods and services (annual) · -843,017,204.32 +1,737,743,158 (+67.3%)
Current account balance (annual) · 583,380,795.03 +1,452,145,591 (+167.2%)
Foreign direct investment to GDP · -3.3% -6.25 (-208.7%)
Remittances received to GDP · 0.8% +0.16 (+24.4%)
Total reserves, including gold · 3,455,661,776.34 -1,300,170,073 (-27.3%)
Reserves in months of imports · 4.7 -2.47 (-34.4%)
External debt to GNI · 11.9% +0.69 (+6.1%)

Government

Government — Botswana
Indicator Value Change
Government debt to GDP · 19.7% +1.41 (+7.7%)
Government revenue to GDP · 28.1% -1.37 (-4.6%)
Government expense to GDP · 26.5% +2.63 (+11.0%)
Tax revenue to GDP · 22.4% +2.77 (+14.1%)
Government budget balance to GDP · -4.2% -4.27 (-10,407.5%)
Government consumption to GDP · 31.5% -0.27 (-0.8%)
Education spending to GDP · 8.1% -0.34 (-4.1%)
Health spending to GDP · 6.3% +0.52 (+9.1%)

Demography

Demography — Botswana
Indicator Value Change
Population · 2,562,122 +40,983 (+1.6%)
Population, long-run history · 2,403 +38.25 (+1.6%)
Population growth · 1.6% -0.02 (-1.4%)
Life expectancy · 69.3 +0.13 (+0.2%)
Fertility rate · 2.70 -0.03 (-1.1%)
Birth rate · 24.4 -0.35 (-1.4%)
Death rate · 5.7 +0.01 (+0.2%)
Urban population share · 68.0% +0.49 (+0.7%)
Population aged 65 and over · 4.1% +0.05 (+1.2%)
Under-five mortality rate · 33.3 -1.30 (-3.8%)
Population density · 4.4 +0.07 (+1.6%)
Net migration · -5,665 +113.00 (+2.0%)
Gini index · 54.9 -2.00 (-3.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Botswana; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.