The economy of Botswana advanced by 6.3% year-on-year in the third quarter of 2022, accelerating from an upwardly revised 5.8% rise in the previous three-month period. It was the seventh consecutive quarter of economic expansion, mainly driven by diamond traders (28.5%) on higher diamond prices in global markets and utilities (35.1%), as the local electricity production went up by 36.3% due to improved coal demand from external markets and uptake by Morupule Power Station. All other activities recorded solid increases of more than 1.9%, except agriculture (0.4%). On a quarterly basis, the GDP rose by 4%, rebounding sharply from a downwardly revised 1.4% contraction in the previous quarter. source: Central Statistics Office, Botswana

GDP Annual Growth Rate in Botswana averaged 4.61 percent from 1995 until 2022, reaching an all time high of 37.70 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 February of 2023.

GDP Annual Growth Rate in Botswana is expected to be 5.90 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 3.50 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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Botswana GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-29 09:00 AM Q2 5.6% 7.1% 9.1%
2022-12-22 10:00 AM Q3 6.3% 5.8% 4.3%
2023-03-31 10:00 AM Q4 6.3% 5.9%


Related Last Previous Unit Reference
GDP Growth Rate 4.00 -1.40 percent Sep 2022
GDP Annual Growth Rate 6.30 5.80 percent Sep 2022
GDP Constant Prices 51085.00 49104.80 BWP Million Sep 2022

Botswana GDP Annual 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 as 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. The largest sector of Botswana economy is trade, hotels & restaurants accounts (24% of GDP), followed by financial & business services (17%); general government (15%) and mining (12%). Other sectors include: construction (9%), community, social & personal service activities (8%); transport, storage & communication (7%), manufacturing (7%), agriculture, hunting & forestry (1%) and electricity, gas & water supply both around (1%).
Actual Previous Highest Lowest Dates Unit Frequency
6.30 5.80 37.70 -26.90 1995 - 2022 percent Quarterly
2016=100

News Stream
Botswana GDP Growth Quickens to 6.3% in Q3
The economy of Botswana advanced by 6.3% year-on-year in the third quarter of 2022, accelerating from an upwardly revised 5.8% rise in the previous three-month period. It was the seventh consecutive quarter of economic expansion, mainly driven by diamond traders (28.5%) on higher diamond prices in global markets and utilities (35.1%), as the local electricity production went up by 36.3% due to improved coal demand from external markets and uptake by Morupule Power Station. All other activities recorded solid increases of more than 1.9%, except agriculture (0.4%). On a quarterly basis, the GDP rose by 4%, rebounding sharply from a downwardly revised 1.4% contraction in the previous quarter.
2022-12-22
Botswana GDP Expansion Continues in Q2
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.
2022-09-29
Botswana GDP Growth Strengthens in Q1
The economy of Botswana advanced by 7% year-on-year in the first quarter of 2022, accelerating from a 5.6% rise in the previous three-month period. It was the fifth consecutive quarter of expansion, mainly boosted by the mining sector (23.2% vs 18.9% in Q4), amid higher production of diamonds (25%) and coal (6%). Manufacturing activity also grew solidly (10.3% vs 6.7%), amid favorable growth rates in the sub-industries of diamond cutting & polishing (79.8%), beverages & tobacco products (58.9%) and textile & leather products (17.5%). On a quarterly basis, the GDP rose by 6.5%, recovering from a 2.8% decline in the previous quarter.
2022-07-04