Economy of Botswana
Population: 2.25 M (2018)
GDP per Capita: 8,259 USD (2018)
18,620 M.

GDP USD

(2018)

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7,330 M.

EXPORTS USD

(2018)

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7,030 M.

IMPORTS USD

(2018)

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13.40 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.45 % (2018)
GDP of 2010 USD USD 18.10 B. (2018)
GDP Current USD USD 18.62 B. (2018)
GDP per Capita Current USD USD 8,259 (2018)
GDP per capita, PPP USD 16,518 (2018)
GDP per Capita, 2010 USD USD 8,031 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 18.66 % (2018)
Government Spending USD 3.47 B. (2018)
Government Debt % GDP 13.40 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 83.76 (2018)
Trade Openness 77.12 % (2018)
Exports of Goods and Services % GDP 39.36 % (2018)
Exports Goods & Services USD 7.33 B. (2018)
Exports Annual Growth 5.66 % (2018)
Imports as % GDP 37.77 % (2018)
Total Imports USD 7.03 B. (2018)
Foreign Direct Investment % GDP 1.23 % (2018)
Foreign Direct Investment USD 0.23 B. (2018)
Current Account Balance % GDP USD 1.85 % (2018)
Current Account Balance USD 0.35 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 0.03 B. (2018)
Foreign Exchange Reserves incl Gold USD 6.66 B. (2018)
Remittances % GDP 0.17 % (2018)
Remittances USD 5 M. (2018)
Balance of Payments USD 150 M. (2015)

Labor Market

Indicator Value
Labor Force 1.11 M. (2019)
Unemployment Rate 18.19 % (2019)
Unemployment Rate Females 21.22 % (2019)
Unemployment Rate Males 15.32 % (2019)
Youth Unemployment (ages 15-24) 37.52 % (2019)
Labor Force Participation Rate 72.56 % (2019)
Labor Force (Percent Female) 48.70 % (2019)
Female Labor Force Participation Rate 66.52 % (2019)
Male Labor Force Participation Rate 78.84 % (2019)
Dependent People 62.17 % (2018)

Agriculture Sector

Indicator Value
Forest Area 18.90 % (2016)
Forest Area km² 107,378 km² (2016)
Agricultural Land 45.63 % (2016)
Agricultural Land km² 258,616 km² (2016)
Employment 22.72 % (2019)
Value added % GDP 2.00 % (2018)
Agriculture Value added USD 0.37 B. (2018)
Crop Production Index 126.40 (2016)
Precipitation 416 mm (2014)
Arable Land 1 % (2016)
Cereal Yield 401 kg/hectare (2017)
Food production index 120 (2016)
Rural Population 31 % (2018)
Fertilizer use of Arable Land 90 kg/hectare (2016)
Livestock Production Index 119 (2016)
Economy of Botswana

According to the World Bank and its latest published data, the economy of the Botswana presents a growth rate of 4.45 % (2018) to the previous year.

With a population that reaches 2.25 M (2018) and a gross domestic product of USD 18.62 B. (2018), it translates a Gross Domestic Product per Capita of USD 8,259 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Botswana also has a workforce of 1.11 M. (2019) with an unemployment rate of 18.19 % (2019), where women represent 21.22 % (2019) and men 15.32 % (2019), the unemployment rate for young people between 15-24 years old stood at 37.52 % (2019). The total number of dependent people stands at 62.17 % (2018).

The central government spent 18.66 % (2018) of its gross domestic product that year, which in absolute terms is USD 3.47 B. (2018). Its consolidated public debt reached 13.40 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Botswana exported USD 7.33 B. (2018), which represents 39.36 % (2018) of its gross domestic product, in that same sense its imports reached USD 7.03 B. (2018) with a direct foreign investment of USD 0.23 B. (2018).

Botswana has a forest area of 107,378 km² (2016), which represents 18.90 % (2016) of its total area, an average rainfall of 416 mm (2014) per year and a population of 31 % (2018) living in rural areas. With a total area of 258,616 km² (2016) available for agriculture and 22.72 % (2019) of its employments, the agricultural sector contributes to the economy of the Botswana about USD 0.37 B. (2018) (2.00 % (2018) of its GDP).