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.

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Botswana GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-22 01:00 PM Q3 8.4% 37.3% 8%
2022-05-02 09:50 AM Q4 5.6% 8.4% 6%
2022-06-30 11:00 AM Q1 5.6% 3.7%


Related Last Previous Unit Reference
GDP Growth Rate -2.80 3.40 percent Dec 2021
GDP Annual Growth Rate 5.60 8.40 percent Dec 2021
GDP Constant Prices 46485.30 47821.60 BWP Million Dec 2021

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%).
Actual Previous Highest Lowest Dates Unit Frequency
5.60 8.40 37.10 -26.90 1995 - 2021 percent Quarterly
2016=100

News Stream
Botswana GDP Growth Weakens in Q4
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.
2022-05-02
Botswana GDP Growth Slows in Q3
The economy of Botswana advanced 8.4% year-on-year in the third quarter of 2021, following a revised record 37.3% jump in the previous period. It was the third consecutive quarter of expansion, although softer, reflecting continued efforts to reopen businesses and relaxation of COVID-19 regulations, amidst the continued roll-out of vaccination. Growth was primarily observed in mining & quarrying (29.8% vs 153% in Q2); manufacturing (6.9% vs 33%); wholesale & retail trade (8.2% vs 38.7%); hotels & restaurants (5.1% vs 44.8%) and real estate activities (5.2% vs 23.7%). On the other hand, declines were recorded in utilities (-6.4% vs 29.2%); agriculture, forestry & fishing (-4% vs -8.7%); finance & insurance (-1.4% vs 4.3%) and public administration (-1.1% vs 10.1%). On a quarterly basis, the GDP rose 3.4%, after a revised 0.1% decrease in the previous quarter.
2021-12-22
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