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Botswana GDP Annual Growth Rate
Last Release
Dec 31, 2022
Actual
5.9
Units In
%
Previous
6.3
Frequency
Quarterly
Next Release
Jun 27, 2025
Time to Release
2 Months 25 Days 16 Hours
Highest | Lowest | Average | Date Range | Source |
37.3 Jun 2021 | -26.9 Jun 2020 | 4.6 % | 1995-2022 | N/A |
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%).
Botswana GDP Annual Growth Rate History
Last 12 readings