The economy of Botswana advanced by 7% year-on-year in the first quarter of 2022, accelerating from a 5.6% rise in the previous three-month period. It was the fifth consecutive quarter of expansion, mainly boosted by the mining sector (23.2% vs 18.9% in Q4), amid higher production of diamonds (25%) and coal (6%). Manufacturing activity also grew solidly (10.3% vs 6.7%), amid favorable growth rates in the sub-industries of diamond cutting & polishing (79.8%), beverages & tobacco products (58.9%) and textile & leather products (17.5%). On a quarterly basis, the GDP rose by 6.5%, recovering from a 2.8% decline in the previous quarter. source: Central Statistics Office, Botswana

GDP Annual Growth Rate in Botswana averaged 4.56 percent from 1995 until 2022, reaching an all time high of 37.10 percent in the second quarter of 2021 and a record low of -26.90 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 August of 2022.

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. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 4.00 percent in 2023 and 4.20 percent in 2024, according to our econometric models.

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Botswana GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-02 09:50 AM Q4 5.6% 8.4% 6%
2022-07-01 11:00 AM Q1 7% 5.6% 3.7%
2022-09-30 11:00 AM Q2 7%


Related Last Previous Unit Reference
GDP Growth Rate 6.50 -2.80 percent Mar 2022
GDP Annual Growth Rate 7.00 5.60 percent Mar 2022
GDP Constant Prices 46485.30 47821.60 BWP Million Dec 2021

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%).
Actual Previous Highest Lowest Dates Unit Frequency
7.00 5.60 37.10 -26.90 1995 - 2022 percent Quarterly
2016=100

News Stream
Botswana GDP Growth Strengthens in Q1
The economy of Botswana advanced by 7% year-on-year in the first quarter of 2022, accelerating from a 5.6% rise in the previous three-month period. It was the fifth consecutive quarter of expansion, mainly boosted by the mining sector (23.2% vs 18.9% in Q4), amid higher production of diamonds (25%) and coal (6%). Manufacturing activity also grew solidly (10.3% vs 6.7%), amid favorable growth rates in the sub-industries of diamond cutting & polishing (79.8%), beverages & tobacco products (58.9%) and textile & leather products (17.5%). On a quarterly basis, the GDP rose by 6.5%, recovering from a 2.8% decline in the previous quarter.
2022-07-04
Botswana GDP Growth Weakens in Q4
The economy of Botswana advanced by 5.6% year-on-year in the fourth quarter of 2021, decelerating from an 8.4% rise in the previous three-month period. Slower growth was primarily observed in mining & quarrying (18.9% vs 30.7% in Q3); wholesale & retail trade (4.6% vs 8.2%); accommodation & food services (2.9% vs 5.1%); real estate activities (2.4% vs 5.2%) and professional, scientific & technical activities (2.4% vs 3.5%). On a quarterly basis, the GDP shrank 2.8%, after a 3.4% increase in the previous quarter. Considering 2021 as a whole, the economy grew 11.4%, recovering significantly from an 8.7% contraction in the previous year.
2022-05-02
Botswana GDP Growth Slows in Q3
The economy of Botswana advanced 8.4% year-on-year in the third quarter of 2021, following a revised record 37.3% jump in the previous period. It was the third consecutive quarter of expansion, although softer, reflecting continued efforts to reopen businesses and relaxation of COVID-19 regulations, amidst the continued roll-out of vaccination. Growth was primarily observed in mining & quarrying (29.8% vs 153% in Q2); manufacturing (6.9% vs 33%); wholesale & retail trade (8.2% vs 38.7%); hotels & restaurants (5.1% vs 44.8%) and real estate activities (5.2% vs 23.7%). On the other hand, declines were recorded in utilities (-6.4% vs 29.2%); agriculture, forestry & fishing (-4% vs -8.7%); finance & insurance (-1.4% vs 4.3%) and public administration (-1.1% vs 10.1%). On a quarterly basis, the GDP rose 3.4%, after a revised 0.1% decrease in the previous quarter.
2021-12-22