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. GDP Annual Growth Rate in Botswana averaged 4.60 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. source: Central Statistics Office, Botswana

GDP Annual Growth Rate in Botswana is expected to be 3.50 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 4.10 in 12 months time. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 4.60 percent in 2020, according to our econometric models.

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Botswana GDP Annual Growth Rate

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



Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 10:00 AM Q3 4.2% 5.3% 4.5%
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%
2020-03-31 03:30 PM Q4 3.1% 3.5%
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News Stream
2019-09-27
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.

2019-07-01
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.


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%).

Botswana GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 1.60 13.40 -13.80 percent [+]
GDP Annual Growth Rate 3.10 3.10 18.20 -10.40 percent [+]
GDP 18.62 17.41 18.62 0.03 USD Billion [+]
GDP Constant Prices 24891.70 24838.20 24891.70 11789.80 BWP Million [+]
Gross Fixed Capital Formation 30833.10 28704.90 31669.70 12270.73 BWP Million [+]
GDP per capita 8031.00 7859.40 8031.00 407.80 USD [+]
GDP per capita PPP 16518.24 16165.34 16518.24 8501.72 USD [+]
GDP From Agriculture 384.40 380.90 432.80 182.80 BWP Million [+]
GDP From Construction 1881.70 1876.20 1881.70 553.40 BWP Million [+]
GDP From Manufacturing 1514.80 1462.10 1514.80 617.60 BWP Millon [+]
GDP From Mining 2391.10 2424.90 5023.00 2011.20 BWP Million [+]
GDP From Public Administration 3232.00 3185.00 3232.00 1790.20 BWP Million [+]
GDP From Services 5385.30 5580.10 5580.10 1297.10 BWP Million [+]
GDP From Transport 1620.70 1565.00 1620.70 396.50 BWP Million [+]
GDP From Utilities 240.60 257.00 270.00 47.70 BWP Million [+]