The economy of Botswana advanced by 5.6% year-on-year in the fourth quarter of 2021, decelerating from an 8.4% rise in the previous three-month period. Slower growth was primarily observed in mining & quarrying (18.9% vs 30.7% in Q3); wholesale & retail trade (4.6% vs 8.2%); accommodation & food services (2.9% vs 5.1%); real estate activities (2.4% vs 5.2%) and professional, scientific & technical activities (2.4% vs 3.5%). On a quarterly basis, the GDP shrank 2.8%, after a 3.4% increase in the previous quarter. Considering 2021 as a whole, the economy grew 11.4%, recovering significantly from an 8.7% contraction in the previous year. source: Central Statistics Office, Botswana
GDP Annual Growth Rate in Botswana averaged 4.54 percent from 1995 until 2021, 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 June of 2022.
GDP Annual Growth Rate in Botswana is expected to be 3.20 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.