The economy of Botswana shrank by 2.3% on quarter in the last three months of 2022, after a downwardly revised 3.7% expansion in the previous three-month period. source: Central Statistics Office, Botswana

GDP Growth Rate in Botswana averaged 1.20 percent from 1994 until 2022, reaching an all time high of 31.00 percent in the third quarter of 2020 and a record low of -30.70 percent in the first quarter of 2009. This page provides the latest reported value for - Botswana GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Botswana GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Growth Rate in Botswana is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Botswana GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-12-22 10:00 AM Q3 4% -1.4% 2%
2023-03-31 04:00 PM Q4 -2.3% 3.7% -1.1%
2023-06-30 11:00 AM Q1 -2.3% 1.8%

Related Last Previous Unit Reference
GDP Growth Rate -2.30 3.70 percent Dec 2022
GDP Annual Growth Rate 5.90 5.30 percent Dec 2022
GDP Constant Prices 49455.30 50618.80 BWP Million Dec 2022

Botswana GDP 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 in recent years. 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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.30 3.70 31.00 -30.70 1994 - 2022 percent Quarterly