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.