The economy of Botswana advanced by 7% year-on-year in the first quarter of 2022, accelerating from a 5.6% rise in the previous three-month period. It was the fifth consecutive quarter of expansion, mainly boosted by the mining sector (23.2% vs 18.9% in Q4), amid higher production of diamonds (25%) and coal (6%). Manufacturing activity also grew solidly (10.3% vs 6.7%), amid favorable growth rates in the sub-industries of diamond cutting & polishing (79.8%), beverages & tobacco products (58.9%) and textile & leather products (17.5%). On a quarterly basis, the GDP rose by 6.5%, recovering from a 2.8% decline in the previous quarter. source: Central Statistics Office, Botswana
GDP Annual Growth Rate in Botswana averaged 4.56 percent from 1995 until 2022, reaching an all time high of 37.10 percent in the second quarter of 2021 and a record low of -26.90 percent in the second quarter of 2020. This page provides the latest reported value for - Botswana GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Botswana GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Annual Growth Rate in Botswana is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 4.00 percent in 2023 and 4.20 percent in 2024, according to our econometric models.