The Gross Domestic Product (GDP) in Botswana contracted 0.90 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Botswana averaged 1.21 percent from 1994 until 2020, reaching an all time high of 13.40 percent in the second quarter of 1997 and a record low of -13.80 percent in the first quarter of 1998. 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 July of 2020.

GDP Growth Rate in Botswana is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Botswana to stand at 0.70 in 12 months time. In the long-term, the Botswana GDP Growth Rate is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Botswana GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 1.70 13.40 -13.80 1994 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 12:45 PM QoQ Q2 1.4% -1.5% 1.3%
2019-12-20 03:15 PM QoQ Q3 0.2% 1.6% 1.6%
2020-04-02 03:15 PM QoQ Q4 1.7% 0.3% 2.7%
2020-07-06 05:30 AM QoQ Q1 -0.9% 1.7% -2%
2020-09-28 12:45 PM QoQ Q2 -4%
2020-12-28 10:00 AM QoQ Q3 0.6%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Botswana GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.90 1.70 13.40 -13.80 percent [+]
GDP Annual Growth Rate 2.60 1.60 18.20 -10.40 percent [+]
GDP 18.34 18.66 18.66 0.03 USD Billion [+]
GDP Constant Prices 25071.00 25288.10 25288.10 11789.80 BWP Million [+]
Gross Fixed Capital Formation 33230.90 31219.64 33230.90 12270.74 BWP Million [+]
GDP per capita 8093.00 8032.70 8093.00 407.80 USD [+]
GDP per capita PPP 16518.24 16165.34 16518.24 8501.72 USD [+]
GDP From Agriculture 374.00 379.70 432.80 182.80 BWP Million [+]
GDP From Construction 1882.70 1887.00 1887.00 553.40 BWP Million [+]
GDP From Manufacturing 1435.50 1518.40 1518.40 617.60 BWP Millon [+]
GDP From Mining 2406.70 2491.70 5023.00 2011.20 BWP Million [+]
GDP From Public Administration 3239.10 3227.40 3239.10 1790.20 BWP Million [+]
GDP From Services 5499.30 5513.10 5548.00 1297.10 BWP Million [+]
GDP From Transport 1570.60 1629.80 1629.80 396.50 BWP Million [+]
GDP From Utilities 235.70 319.90 319.90 47.70 BWP Million [+]


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.