Botswana: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Two major investment services rank Botswana as the best credit risk in Africa. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): South Africa, India, and Belgium |
| Top Industries Source: CIA World Factbook | Diamonds; Copper; Nickel; Salt |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $39,791,486,061 (2020) |
| GDP Growth Rate (annual %) | -7.893% (2020) |
| GDP Per Capita, PPP (current international) | $16,921 (2020) |
GDP Country Rank 119/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.89% (2020) |
| External debt stocks, total (DOD, current US$) | $1,565,096,394 (2019) |
| Total tax rate (% of commercial profits) | 25.1% (2019) |
| Real Interest Rate (5 year average %) | 6.403% (2020) |
| Manufacturing, value added (% of GDP) | 5.41% (2020) |
| Current Account Balance (BoP, current US$) | ($1,396,883,005) (2019) |
Labor and Employment [1]
| Labor Force, Total | 1,086,713 (2020) |
| Employment in Agriculture (% of total employment) | 20.386% (2020) |
| Employment in Industry (% of total employment) | 18.105% (2020) |
| Employment in Services (% of total employment) | 61.51% (2020) |
| Unemployment Rate | 17.7% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $7,317,600,950 (2020) |
| Exports of goods and services (current US$) | $4,681,456,329 (2020) |
| Total Merchandise Trade (% of GDP) | 66.824% (2020) |
| FDI, net inflows (BoP, current US$) | $260,928,017 (2019) |
| Commercial Service Exports (current US$) | $882,263,243 (2019) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Botswana’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.