The economy of Botswana advanced by 1.6% year-on-year in the fourth quarter of 2019, decelerating sharply from a 3.1% growth in the previous period. It was the slowest pace of economic growth since the second quarter of 2017, due to weak performance of the mining sector (-8.1% vs -2.2% in Q3), reflected in lower production of diamonds (-7%); coal (-17.2%) and soda ash (-27.2%). Also, agricultural activity shrank (-1% vs -1.4%), as drought continued to hit livestock farming (-0.4%). Also, output rose less for manufacturing (1.8% vs 3%); trade, hotels & restaurants (1.1% vs 4.9%) and construction (3.1% vs 3.2%). On a more positive note, notable growth was seen in utilities (22.3% vs 0.1%), namely electricity after reopening the Morupule A station; finance (5.9% vs 6.4%) and transport & communication (4.8% vs 5.3%). On a quarterly basis, the GDP rose 1.7% compared to an upwardly revised 0.3% expansion in the previous period. In 2019, the economy grew 3%, below 4.5% a year ago.

GDP Annual Growth Rate in Botswana averaged 4.57 percent from 1995 until 2019, reaching an all time high of 18.20 percent in the fourth quarter of 2002 and a record low of -10.40 percent in the third quarter of 2009. 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 2020. source: Central Statistics Office, Botswana

GDP Annual Growth Rate in Botswana is expected to be -6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Botswana to stand at 5.00 in 12 months time. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 6.50 percent in 2021 and 6.30 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Botswana GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 3.10 18.20 -10.40 1995 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 03:30 PM Q4 4.1% 4% 3.8%
2019-09-27 12:45 PM Q2 3.1% 4.3% 3.8%
2019-12-20 03:15 PM Q3 3.1% 3.1% 2.7%
2020-04-02 03:15 PM Q4 1.6% 3.1% 3.5%
2020-06-29 10:00 AM Q1 1.6% -3.2%
2020-09-28 12:45 PM Q2 -6.3%
2020-12-28 10:00 AM Q3 -5.8%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Botswana Q4 GDP Growth Weakest since 2017
The economy of Botswana advanced by 1.6% year-on-year in the fourth quarter of 2019, decelerating sharply from a 3.1% growth in the previous period. It was the slowest pace of economic growth since the second quarter of 2017, due to weak performance of the mining sector (-8.1% vs -2.2% in Q3), reflected in lower production of diamonds (-7%); coal (-17.2%) and soda ash (-27.2%). Also, agricultural activity shrank (-1% vs -1.4%), as drought continued to hit livestock farming (-0.4%). Also, output rose less for manufacturing (1.8% vs 3%); trade, hotels & restaurants (1.1% vs 4.9%) and construction (3.1% vs 3.2%). On a more positive note, notable growth was seen in utilities (22.3% vs 0.1%), namely electricity after reopening the Morupule A station; finance (5.9% vs 6.4%) and transport & communication (4.8% vs 5.3%). On a quarterly basis, the GDP rose 1.7% compared to an upwardly revised 0.3% expansion in the previous period. In 2019, the economy grew 3%, below 4.5% a year ago.
2020-04-02
Botswana GDP Growth Rate Steady at 3.1% in Q3
The economy of Botswana advanced 3.1% year-on-year in the third quarter of 2019, the same pace as in the previous period which was the slowest since the second quarter of 2017. Output continued to fall in mining & quarrying (-2.2% vs -7.9%), mainly attributable to soda ash (-5.8%), coal (-28.7%) and diamonds (-0.7%); water & electricity (-2.4% vs -1.2%) and agriculture (-1.4% vs -0.5%), amid the impact of drought in livestock (-1.1%) and crops (-0.9%). Also, growth slowed further in manufacturing (3.2% vs 3.5%); transport & communication (5.3% vs 5.4%) and trade, hotels & restaurants (5.5% vs 5.7%). Meanwhile, finance & business services advanced faster (6.1% vs 6.0%). On a quarterly basis, the GDP rose 0.2%, following an upwardly revised 1.6% in the previous quarter.
2019-12-20
Botswana GDP Growth Rate Weakest in 2 Years
The economy of Botswana advanced 3.1% year-on-year in the second quarter of 2019, slowing from a 4.3% growth in the prior period. It was the weakest expansion since the second quarter of 2017, mainly hit by mining (-7.9% vs 3.3% in Q1), namely diamonds (-8.4%), as planned plant maintenance shutdown in April 2019 caused a 23% slump in production of the world's largest diamond mine Orapa. Also, declines were seen for coal output (-6.3%) and agriculture (-0.4% vs 2.6%). Meantime, growth slowed in manufacturing (3.5% vs 4.1%); transport & communication (5.5% vs 5.9%); social & personal services (3.1% vs 3.6%) and water & electricity (3.1% vs 3.8%). Conversely, activity continued to increase significantly in finance & business services (5.8% vs 5.3%); trade,hotels & restaurants (5.7%, the same pace as in Q1); general government (4% vs 3.1%) and construction (3% vs 2.7%). On a quarterly basis, the GDP rose 1.4%, recovering from a 1.5% contraction in the previous quarter.
2019-09-27
Botswana GDP Growth at Near 1-Year High of 4.3%
The economy of Botswana advanced 4.3 percent year-on-year in the first quarter of 2019, quickening from a 4.1 percent expansion in the previous period. Output rebounded substantially for hotels & restaurants (5.7% vs -0.2% in Q4) and utilities (3.9% vs -0.2%) while rose further for finance & business services (5.4% vs 4.9%); manufacturing (4.1% vs 3.6%) and agriculture (2.6% vs 2.4%). On the other hand, slower increases were seen for transport & communication (5.9% vs 7.1%); mining (3.3% vs 13.9%); construction (2.7% vs 3.3%); general government (3.1% vs 3.8%) and social & personal services (3.6% vs 3.7%). On a quarterly basis, the GDP contracted 1.5 percent, after a 3.0 percent expansion in the previous quarter.
2019-07-01

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%).