Botswana

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Botswana - In Short.

Overview of Botswana

Seeking to stop the incorporation of their land into Rhodesia (Zimbabwe) or the Union of South Africa, in 1885, three tribal chiefs traveled to Great Britain and successfully lobbied the British Government to put “Bechuanaland” under UK protection. Upon independence in 1966, the British protectorate of Bechuanaland adopted the new name of Botswana. More than five decades of uninterrupted civilian leadership, progressive social policies, and significant capital investment have created one of the most stable economies in Africa. The ruling Botswana Democratic Party has won every national election since independence; President Mokgweetsi Eric MASISI assumed the presidency in April 2018 following the retirement of former President Ian KHAMA due to constitutional term limits. MASISI won his first election as president in October 2019, and he is Botswana’s fifth president since independence. Mineral extraction, principally diamond mining, dominates economic activity, though tourism is a growing sector due to the country’s conservation practices and extensive nature preserves. Botswana has one of the world’s highest rates of HIV/AIDS infection, but also one of Africa’s most progressive and comprehensive programs for dealing with the disease.
Value
Country Full Name
Botswana
Country Code
BWA
Region
Sub-Saharan Africa
Income Group
Upper middle income
Currency Unit
GDP
15061922802
Population
2351625
Land Area
566730
Net National Income Per Capita
5004.935872
GDP per Capita (PPP)
15458.48264

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Botswana - Economic

Economy of Botswana

Until the beginning of the global recession in 2008, Botswana maintained one of the world’s highest economic growth rates since its independence in 1966. Botswana recovered from the global recession in 2010, but only grew modestly until 2017, primarily due to a downturn in the global diamond market, though water and power shortages also played a role. Through fiscal discipline and sound management, Botswana has transformed itself from one of the poorest countries in the world five decades ago into a middle-income country with a per capita GDP of approximately $18,100 in 2017. Botswana also ranks as one of the least corrupt and best places to do business in Sub-Saharan Africa.   Because of its heavy reliance on diamond exports, Botswana’s economy closely follows global price trends for that one commodity. Diamond mining fueled much of Botswana’s past economic expansion and currently accounts for one-quarter of GDP, approximately 85% of export earnings, and about one-third of the government’s revenues. In 2017, Diamond exports increased to the highest levels since 2013 at about 22 million carats of output, driving Botswana’s economic growth to about 4.5% and increasing foreign exchange reserves to about 45% of GDP. De Beers, a major international diamond company, signed a 10-year deal with Botswana in 2012 and moved its rough stone sorting and trading division from London to Gaborone in 2013. The move was geared to support the development of Botswana’s nascent downstream diamond industry.   Tourism is a secondary earner of foreign exchange and many Batswana engage in tourism-related services, subsistence farming, and cattle rearing. According to official government statistics, unemployment is around 20%, but unofficial estimates run much higher. The prevalence of HIV/AIDS is second highest in the world and threatens the country’s impressive economic gains.

Unemployment Rate

Inflation Rate

Botswana - GDP Composition

GDP Composiiton & Value Added of Botswana

Last Updated: Jan, 2021, Updated For 2020.

Botswana - GDP, Value Added

Demographics of Botswana

the population is primarily concentrated in the east with a focus in and around the captial of Gaborone, and the far central-eastern city of Francistown; population density remains low in other areas in the country, especially in the Kalahari to the west as shown in this population distribution map
Geographic Location

Southern Africa, north of South Africa

Races

Tswana (or Setswana) 79%, Kalanga 11%, Basarwa 3%, other, including Kgalagadi and people of European ancestry 7%

Languages

Setswana 77.3%, Sekalanga 7.4%, Shekgalagadi 3.4%, English (official) 2.8%, Zezuru/Shona 2%, Sesarwa 1.7%, Sembukushu 1.6%, Ndebele 1%, other 2.8% (2011 est.)

Religion

Christian 79.1%, Badimo 4.1%, other 1.4% (includes Baha'i, Hindu, Muslim, Rastafarian), none 15.2%, unspecified 0.3% (2011 est.)

Dependency & Expectancy of Botswana

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Botswana - Social Media Briefing

Botswana - Social Media & Social Commerce

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Politics & Policies of Botswana

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ACP, AfDB, AU, C, CD, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NAM, OPCW, SACU, SADC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of Botswana

Export of Botswana

Import Destination

Export Destination