This page has economic forecasts for Botswana including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Botswana economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 2.40 1.3 1.3 1.4 1.5 1.6 percent
Unemployment Rate 18.10 17.4 17.37 17.35 17.32 17.1 percent
Inflation Rate 3.60 3.7 3.5 3.3 4.3 5 percent
Interest Rate 5.00 5 5 5 4.75 4.75 percent
Balance of Trade 2425.30 1004 1055 991 972 862 BWP Million
Government Debt to GDP 22.30 17 14 14 14 10 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Stock Market 7913.69
points
7804 7772 7739 7706 7578
Currency 10.62
10.71 10.81 10.91 11.01 11.41
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 2.40
percent
1.3 1.3 1.4 1.5 1.6
GDP Annual Growth Rate 5.30
percent
4.5 4.7 4.5 4.3 4.6
GDP 17.41
USD Billion
17.5 17.6 17.6 17.6 17.7
GDP Constant Prices 24099.00
BWP Million
24972 24656 25183 25135 27087
Gross Fixed Capital Formation 28704.90
BWP Million
29997 30054 29997 29939 32537
GDP per capita 7523.22
USD
7760 7880 7880 7880 8000
GDP per capita PPP 15807.37
USD
15900 16200 16200 16200 16500
GDP From Agriculture 384.30
BWP Million
393 386 402 401 426
GDP From Construction 1821.20
BWP Million
1852 1860 1903 1900 2009
GDP From Manufacturing 1411.50
BWP Millon
1503 1404 1475 1472 1630
GDP From Mining 2628.00
BWP Million
2482 2594 2746 2741 2692
GDP From Public Administration 3075.60
BWP Million
3153 3172 3214 3208 3420
GDP From Services 5310.20
BWP Million
5777 5314 5549 5539 6266
GDP From Transport 1482.20
BWP Million
1516 1515 1549 1546 1645
GDP From Utilities 170.10
BWP Million
152 172 178 177 165
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 18.10
percent
17.4 17.37 17.35 17.32 17.1
Population 2.29
Million
2.32 2.33 2.34 2.35 2.44
Wages 6216.00
BWP/Month
6400 6480 6562 6622 6500
Living Wage Family 4640.00
BWP/Month
5020 5020 5020 5020 5020
Living Wage Individual 2700.00
BWP/Month
3160 3160 3160 3160 3160
Employed Persons 410329.00
407711 407902 407949 407911 407867
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.60
percent
3.7 3.5 3.3 4.3 5
Consumer Price Index CPI 106.90
Index Points
108 108 110 111 117
Core Consumer Prices 104.60
Index Points
105 106 106 106 108
Core Inflation Rate 1.60
percent
1.6 1.5 1.4 1.3 1.7
Food Inflation -0.90
percent
0.5 0.8 1.2 1.4 2.25
Inflation Rate Mom 0.00
percent
0.28 0.24 0.24 0.24 0.24
Cpi Housing Utilities 109.40
Index Points
110 111 112 113 123
CPI Transportation 112.90
Index Points
108 109 113 114 118
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 5.00
percent
5 5 5 4.75 4.75
Banks Balance Sheet 86790.30
BWP Million
88419 89665 90945 92232 103786
Deposit Interest Rate 1.56
percent
1.56 1.56 1.56 1.31 1.31
Lending Rate 6.50
percent
6.5 6.5 6.5 6.5 6.5
Loans To Private Sector 22407.66
BWP Million
22815 23085 23353 23619 25871
Money Supply M1 17120.36
BWP Million
16509 16568 16571 16568 16569
Money Supply M2 75817.79
BWP Million
74946 75026 75101 75107 75116
Money Supply M3 75817.79
BWP Million
74946 75026 75101 75107 75116
Foreign Exchange Reserves 7364.00
USD Million
7199 7234 7223 7239 7233
Central Bank Balance Sheet 78014.68
BWP Million
78085 77897 77882 77908 77932
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 2425.30
BWP Million
1004 1055 991 972 862
Exports 6553.10
Million BWP
5589 5556 5514 5482 5378
Imports 4127.80
BWP Million
4518 4500 4522 4510 4516
Current Account 8547.97
BWP Million
5673 3862 5389 5393 5048
Current Account to GDP 12.00
percent
8.5 7 7 7 9
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 1150.75
BWP Million
1093 1305 1010 1323 1106
External Debt 17811.66
BWP Million
18489 18886 19210 19435 20466
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 22.30
percent
17 14 14 14 10
Government Budget -0.10
percent of GDP
-2.3 -1.5 -1.5 -1.5 -0.5
Government Spending 19349.00
BWP Million
20220 20258 20220 20181 21932
Government Debt 26977.00
BWP Million
27615 27501 27387 27273 27183
Military Expenditure 486.96
USD Million
428 413 397 381 334
Government Budget Value -2984.23
BWP Million
-2066 -1693 -1817 -1842 -3597
Government Revenues 11556.30
BWP Million
12626 13275 13254 13397 13121
Fiscal Expenditure 14540.50
BWP Million
14577 14968 15071 15239 16718
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Changes in Inventories -2215.60
BWP Million
-4473 -4466 -4459 -4452 -5512
Internet Speed 2552.88
KBps
3483 3609 3725 3846 4770
IP Addresses 10680.00
IP
9066 9004 9042 9021 9026
Mining Production 12.60
percent
6.89 7.64 7.36 7.44 7.43
Industrial Production 5.40
percent
0.98 -3.69 0.66 3.74 1.59
Competitiveness Index 54.54
Points
55.04 55.04 55.04 55.04 57.54
Competitiveness Rank 90.00
90 90 90 90 90
Business Confidence 58.00
Index Points
69 79 79 72 74
Corruption Index 61.00
Points
61 61 61 61 61
Corruption Rank 34.00
34 34 34 34 34
Ease of Doing Business 86.00
79 82 84 86 86
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 10966.20
BWP Million
11278 11439 11460 11438 12234
Consumer Credit 34155.85
BWP Million
34891 35426 35956 36482 41022
Bank Lending Rate 6.50
percent
6.5 6.5 6.5 6.25 6.25
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 22.00
percent
22 22 22 22 22
Personal Income Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 12.00
percent
12 12 12 12 12
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 18.51
celsius
25.68 25.39 22.61 22.55 22.41



Botswana - Economic Forecasts - 2018-2020 Outlook