Botswana's gross domestic product shrank 6.0 percent from a year earlier in the third quarter of 2020, easing from a record slump of 24 percent in the previous three-month period when the economy was hit by the impact of measures that were put in place to combat the spread of the COVID-19 pandemic. The biggest contraction was seen in trade, hotels and restaurants (-15.3 percent vs -40.2 percent in Q2), followed by mining (-15.2 percent vs -60.5 percent), transport and communication (-9.0 percent vs -17.0 percent), and construction (-7.6 percent vs -36.0 percent). Meanwhile, utilities output jumped 45.2 percent, compared with 1.3 percent in the previous period. On a quarterly basis, the economy expanded 24.1 percent after contracting by 24.8 percent in the previous period. source: Central Statistics Office, Botswana
GDP Annual Growth Rate in Botswana averaged 4.19 percent from 1995 until 2020, reaching an all time high of 18.20 percent in the fourth quarter of 2002 and a record low of -24 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 March of 2021.
GDP Annual Growth Rate in Botswana is expected to be -8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Botswana to stand at 7.30 in 12 months time. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 7.80 percent in 2021 and 4.50 percent in 2022, according to our econometric models.