The economy of Botswana advanced by 5.6% year-on-year in the second quarter of 2022, following an upwardly revised 7.1% rise in the previous three-month period. It was the sixth consecutive quarter of economic expansion, mainly boosted by diamond traders (128% vs -7.6% in Q1) and utilities (94.7% vs 6.9%), as the local electricity production went up by 85.5% due to improved coal uptake by Morupule Power Station. Significant contributions also came from other sectors, including manufacturing (9.4% vs 10.5%); information & communication technologies (6.1% vs 4%); public administration (5.8% vs 4.9%); accommodation & food services (4.5% vs 5.8%) and transport & storage (4.3% vs 0.7%). Meanwhile, output contracted for mining & quarrying (-3.4% vs 23.2%), amid lower production of diamonds (-4.3%) and gold (-8.3%). On a quarterly basis, the GDP shrank by 1.5%, after a 6.5% rise in the previous quarter. source: Central Statistics Office, Botswana
GDP Annual Growth Rate in Botswana averaged 4.57 percent from 1995 until 2022, reaching an all time high of 37.10 percent in the second quarter of 2021 and a record low of -26.90 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 October of 2022.
GDP Annual Growth Rate in Botswana is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 5.00 percent in 2023 and 4.20 percent in 2024, according to our econometric models.