| Economy | Botswana |
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Economy - overview:
|
Botswana has maintained one of the world's highest economic growth rates since independence in 1966, though growth slowed to about 5% annually in 2006-08. Through fiscal discipline and sound management, Botswana has transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of nearly $15,800 in 2008. Two major investment services rank Botswana as the best credit risk in Africa. Diamond mining has fueled much of the expansion and currently accounts for more than one-third of GDP and for 70-80% of export earnings. Tourism, financial services, subsistence farming, and cattle raising are other key sectors. On the downside, the government must deal with high rates of unemployment and poverty. Unemployment officially was 23.8% in 2004, but unofficial estimates place it closer to 40%. HIV/AIDS infection rates are the second highest in the world and threaten Botswana's impressive economic gains. An expected leveling off in diamond mining production overshadows long-term prospects. |
GDP (purchasing power parity):
|
$26.04 billion (2008 est.)
$25.24 billion (2007)
$24.43 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$13,300 (2008 est.)
$13,200 (2007 est.)
$13,000 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$13.81 billion (2008 est.) |
GDP - real growth rate:
|
3.2% (2008 est.)
3.3% (2007 est.)
5.3% (2006 est.) |
GDP - composition by sector:
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agriculture: 1.6%
industry: 52.6% (including 36% mining)
services: 45.8% (2008 est.) |
Investment (gross fixed):
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23.9% of GDP (2008 est.) |
Population below poverty line:
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30.3% (2003) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
63 (1993) |
Inflation rate (consumer prices):
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12.5% (2008 est.) |
Central bank discount rate:
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14.5% (31 December 2007) |
Commercial bank prime lending rate:
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16.22% (31 December 2007) |
Stock of money:
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$1.026 billion (31 December 2007) |
Stock of money - per capita:
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516 USD per capita |
Stock of quasi money:
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$4.336 billion (31 December 2007) |
Stock of quasi money - per capita:
|
2,178 USD per capita |
Stock of domestic credit:
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NA |
Stock of domestic credit - per capita:
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void |
Labor force:
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288,400 formal sector employees (2004) |
Labor force participation rate:
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14.49 % of population |
Labor force - by occupation:
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agriculture: NA%
industry: NA%
services: NA% |
Unemployment rate:
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7.5% (2007 est.) |
Budget:
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revenues: $4.556 billion
expenditures: $4.127 billion (2008 est.) |
Budget revenues per capita:
|
2,289 USD per capita |
Public debt:
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5.1% of GDP (2008 est.) |
Industries:
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diamonds, copper, nickel, salt, soda ash, potash; livestock processing; textiles |
Industrial production growth rate:
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2.4% (2008 est.) |
Electricity - production:
|
979 million kWh (2006 est.) |
Electricity - production per capita:
|
492 kWh per capita |
Electricity - consumption:
|
2.574 billion kWh (2006 est.) |
Electricity - consumption - per capita:
|
1,293 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
1.959 billion kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
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11,640 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
2.13 bbl/year per capita |
Oil - exports:
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0 bbl/day (2005) |
Oil - imports:
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14,500 bbl/day (2005) |
Oil - proved reserves:
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0 bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
livestock, sorghum, maize, millet, beans, sunflowers, groundnuts |
Current account balance:
|
$1.611 billion (2008 est.) |
Current account balance - per capita:
|
810 USD per capita |
Exports:
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$5.127 billion f.o.b. (2008 est.) |
Exports per capita:
|
2,576 USD per capita |
Exports - commodities:
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diamonds, copper, nickel, soda ash, meat, textiles |
Exports - partners:
|
void |
Imports:
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$3.931 billion f.o.b. (2008 est.) |
Imports per capita:
|
1,975 USD per capita |
Imports - commodities:
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foodstuffs, machinery, electrical goods, transport equipment, textiles, fuel and petroleum products, wood and paper products, metal and metal products |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
$10.28 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
5,164 USD per capita |
Debt - external:
|
$395 million (31 December 2008 est.) |
Debt - external - per capita:
|
199 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$5.887 billion (31 December 2007) |
Market value of publicly traded shares - per capita:
|
2,957 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
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$70.89 million (2005) |
Economic aid - recipient per capita:
|
36 USD per capita |
Currency (code):
|
pula (BWP) |
Exchange rates:
|
pulas (BWP) per US dollar - 6.7907 (2008 est.), 6.2035 (2007), 5.8447 (2006), 5.1104 (2005), 4.6929 (2004) |
Fiscal year:
|
1 April - 31 March |
|
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