Markets Actual Q1 Q2 Q3 Q4 2022
Stock Market (points) 6883.38 6846 6808 6770 6733 6659
Currency 10.99 10.99 11.06 11.13 11.19 11.33

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 24.10 1.8 2 1.3 2.2 1
GDP Annual Growth Rate (%) -6.00 4.3 6.5 7.3 7.8 4.5
Unemployment Rate (%) 18.20 18.6 18.6 18.6 18.6 18.3
Inflation Rate (%) 2.20 2.2 2.8 2 2.8 3.4
Interest Rate (%) 3.75 3.25 3.25 2.75 2.75 2.5
Balance of Trade (BWP Million ) -3349.60 163 1200 1200 255 255
Current Account (BWP Million ) -6984.63 -2500 -2500 -2500 -2000 -2000
Current Account to GDP (%) 1.00 -3 -3 -3 -3 4
Government Debt to GDP (%) 23.00 25 25 25 25 17
Government Budget (% of GDP) -3.90 -4 -4 -4 -4 -2.7
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 24.10 1.8 2 1.3 2.2 1
GDP Annual Growth Rate (%) -6.00 4.3 6.5 7.3 7.8 4.5
GDP (USD Billion) 18.34 18.5 18.5 18.5 18.5 21
GDP Constant Prices (BWP Million) 23403.80 24297 26169 20082 28035 26192
Gross Fixed Capital Formation (BWP Million) 33230.90 31902 34660 35391 32382 34390
GDP per capita (USD) 8093.00 7200 7200 7200 7200 7500
GDP per capita PPP (USD) 17766.50 17250 17250 17250 17250 17500
GDP From Agriculture (BWP Million) 396.30 365 394 418 435 393
GDP From Construction (BWP Million) 1739.50 1812 1964 1279 2066 1953
GDP From Manufacturing (BWP Millon) 1430.90 1458 1497 1071 1686 1571
GDP From Mining (BWP Million) 2022.30 2387 2504 1019 3054 2573
GDP From Public Administration (BWP Million) 3314.40 3098 3378 3462 3500 3340
GDP From Services (BWP Million) 4547.30 5315 5756 3541 6128 5730
GDP From Transport (BWP Million) 1471.40 1562 1635 1380 1754 1683
GDP From Utilities (BWP Million) 368.70 314 252 281 300 338

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 18.20 18.6 18.6 18.6 18.6 18.3
Population (Million) 2.30 2.4 2.4 2.4 2.37 2.41
Employed Persons 492914.00 446500 446500 446500 446000 446000
Wages (BWP/Month) 5392.00 6500 6500 6500 6500 6500

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2.20 2.2 2.8 2 2.8 3.4
Consumer Price Index CPI (points) 104.40 105 105 106 107 111
Core Consumer Prices (points) 105.90 106 106 107 105 108
Core Inflation Rate (%) 3.30 2.7 2.5 2.3 2.3 2.4
Food Inflation (%) 3.60 3.5 3.3 3.5 3.4 3.6
Inflation Rate Mom (%) 0.10 0.2 0.3 0.3 0.4 0.6
CPI Transportation (points) 98.70 104 96.53 98.94 101 105

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 3.75 3.25 3.25 2.75 2.75 2.5
Banks Balance Sheet (BWP Million) 102451.10 104000 104200 104200 104000 106000
Deposit Interest Rate (%) 1.64 1.64 1.14 1.14 1.81 0.64
Lending Rate (%) 5.25 6.25 6.25 6.25 6.25 6.25
Central Bank Balance Sheet (BWP Million) 58429.37 79300 79250 79250 79500 79700

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (BWP Million ) -3349.60 163 1200 1200 255 255
Current Account (BWP Million ) -6984.63 -2500 -2500 -2500 -2000 -2000
Current Account to GDP (%) 1.00 -3 -3 -3 -3 4
Imports (BWP Million) 8138.00 5600 5600 5600 5800 5800
Exports (Million BWP) 4788.50 6800 6800 6800 6900 6900
Foreign Direct Investment (BWP Million) 622.12 850 850 850 1000 1000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 23.00 25 25 25 25 17
Government Budget (% of GDP) -3.90 -4 -4 -4 -4 -2.7
Government Spending (BWP Million) 20425.40 19608 21304 21753 21828 21138
Government Debt (BWP Million) 26025.20 26700 26700 26700 27300 27300
Government Budget Value (BWP Million) -1515.30 -2987 -2987 -2987 -3597 -3597

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.00 12 12 12 12 12

Business Actual Q1 Q2 Q3 Q4 2022
Mining Production (%) -65.10 7 7 7 5.6 5.6
Industrial Production (%) -46.30 2.3 2.3 2.3 1.7 1.7

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (BWP Million) 11792.00 11785 12487 10989 12693 12704
Consumer Credit (BWP Million) 41802.86 38365 42497 43223 39442 41358
Bank Lending Rate (%) 5.25 5.75 5.25 5.25 6.75 4.75


This page has economic forecasts for Botswana including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Botswana economy.