The Gross Domestic Product (GDP) in Botswana expanded 0.20 percent in the third quarter of 2019 over the previous quarter. Botswana GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Botswana averaged 1.22 percent from 1994 until 2019, 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.

GDP Growth Rate in Botswana is expected to be -1.30 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 2.40 in 12 months time. In the long-term, the Botswana GDP Growth Rate is projected to trend around 1.30 percent in 2021, according to our econometric models.

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Botswana GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.60 13.40 -13.80 1994 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 10:00 AM Q3 0.5% 2.5% 1.5%
2019-03-29 03:30 PM Q4 3% 0.3% 0.3%
2019-09-27 12:45 PM Q2 1.4% -1.5% 1.3%
2019-12-20 03:15 PM Q3 0.2% 1.6% 1.6%
2020-03-31 03:30 PM Q4 0.2% 2.7%
2020-09-28 12:45 PM Q2 0.4%
2020-12-28 10:00 AM Q3 2.7%

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.