The economy of Botswana surged 36% year-on-year in the second quarter of 2021, accelerating from a 0.7% rise in the previous period. It was the strongest economic expansion since available records began in 1995, reflecting a low base effect stemming from last year's Covid-19 strict lockdowns and continued efforts to reopen businesses, amidst the continued roll-out of vaccination. The recovery in the domestic economy was observed across the majority of industries except agriculture, forestry & fishing (-8.4%), due to a decline in livestock farming by 17.2%. On a quarterly basis, the economy rose 0.2%, after a 5% growth in Q1. source: Central Statistics Office, Botswana

GDP Annual Growth Rate in Botswana averaged 4.37 percent from 1995 until 2021, reaching an all time high of 36 percent in the second quarter of 2021 and a record low of -24 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 October of 2021.

GDP Annual Growth Rate in Botswana is expected to be 8.00 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 4.30 percent in 2022 and 4.20 percent in 2023, according to our econometric models.

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Botswana GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2020-12-22 09:00 AM Q3 -6% -24% -7.8%
2021-04-01 07:40 AM Q4 -4.1% -6% -8%
2021-07-16 06:00 PM Q1 0.7% -4.6% -2.6%
2021-09-30 11:30 AM Q2 36% 0.7% 25%
2021-12-28 10:00 AM Q3 36% 8%


News Stream
Botswana GDP Expands at Record Pace
The economy of Botswana surged 36% year-on-year in the second quarter of 2021, accelerating from a 0.7% rise in the previous period. It was the strongest economic expansion since available records began in 1995, reflecting a low base effect stemming from last year's Covid-19 strict lockdowns and continued efforts to reopen businesses, amidst the continued roll-out of vaccination. The recovery in the domestic economy was observed across the majority of industries except agriculture, forestry & fishing (-8.4%), due to a decline in livestock farming by 17.2%. On a quarterly basis, the economy rose 0.2%, after a 5% growth in Q1.
2021-09-30
Botswana Economy Expands 0.7% in Q1
The economy of Botswana expanded 0.7% year-on-year in the first quarter of 2021, rebounding from a revised 4.6% decline in the previous period, reflecting continued efforts to reopen businesses and resume activities that were postponed or restricted due to the COVID-19 pandemic. On a quarterly basis, the economy advanced 5.0%, following a revised 0.2% contraction in the previous quarter.
2021-07-16
Botswana GDP Contraction Softens in Q4
The economy of Botswana shrank 4.1% year-on-year in the fourth quarter of 2020, easing from a 6% decline in the previous period. It was the softest economic downturn in the current three-quarter sequence of contraction, reflecting continued efforts to reopen businesses and resume activities that were postponed or restricted due to the COVID-19 pandemic. Activity fell at a slower pace in trade, hotels & restaurants (-8.1% vs -14.3% in Q3); transport & communication (-6.9% vs -9%); construction (-3.3% vs -7.6%) and manufacturing (-1.5% vs -5.3%). Meantime, growth was recorded in finance & business services (1.6% vs -1%) and agriculture (2.8% vs 3.1%). Still, the mining sector plunged (-24.1% vs -15.2%), due to lower production of diamonds and coal. On a quarterly basis, the economy advanced 3.7%, following a record 24.1% growth in the previous quarter.
2021-04-01
Botswana GDP Contraction Eases in Q3
Botswana's gross domestic product shrank 6.0 percent from a year earlier in the third quarter of 2020, easing from a record slump of 24 percent in the previous three-month period when the economy was hit by the impact of measures that were put in place to combat the spread of the COVID-19 pandemic. The biggest contraction was seen in trade, hotels and restaurants (-15.3 percent vs -40.2 percent in Q2), followed by mining (-15.2 percent vs -60.5 percent), transport and communication (-9.0 percent vs -17.0 percent), and construction (-7.6 percent vs -36.0 percent). Meanwhile, utilities output jumped 45.2 percent, compared with 1.3 percent in the previous period. On a quarterly basis, the economy expanded 24.1 percent after contracting by 24.8 percent in the previous period.
2020-12-22

Botswana Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.20 percent Jun/21 5.00 24.10 -24.80
GDP Annual Growth Rate 36.00 percent Jun/21 0.70 36.00 -26.00
GDP Constant Prices 24264.40 BWP Million Dec/20 23393.10 25309.60 11789.80


Botswana GDP Annual Growth Rate
Botswana is considered as a middle-income country having been one of the fastest growing economies in Africa during the last decade. Diamond extraction is the main factor behind high growth rates as it accounts for more than one-third of GDP; almost all export earnings, and half of the government's revenues. Other key sectors are tourism, financial services, subsistence farming, and cattle raising. The largest sector of Botswana economy is trade, hotels & restaurants accounts (24% of GDP), followed by financial & business services (17%); general government (15%) and mining (12%). Other sectors include: construction (9%), community, social & personal service activities (8%); transport, storage & communication (7%), manufacturing (7%), agriculture, hunting & forestry (1%) and electricity, gas & water supply both around (1%).