In-Depth Analysis
Botswana
Botswana has an excellent track record of political and macroeconomic stability as well as a well-developed mining sector and sound regulatory environment. The economy has a heavy reliance on diamonds and tourism, but potential exists in the coal mining, energy and transport sectors.
We have cut our 2018 GDP estimate to 4.3% (previously 4.5%) owing to somewhat weaker-than-expected Q3 GDP figures and expected negative base effects in Q4. Our 2019 GDP forecast has also been revised slightly lower to 4.1% (previously 4.4%) due to the expected impact of slower growth in overall exports and government expenditure. Over the medium term, steady diamond production, a recovery in non-diamond mining output and the government’s economic diversification efforts will keep the economic growth rate stable at around 4.4% per year. (Source: Botswana Quarterly Update, published March 2019.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-3.3 |
|
Consumer Price Index (% change y-o-y, avg) |
3.2 |
|
Current Account Balance (as a % of GDP) |
9.1 |
|
Real GDP (annual % change) |
4.3 |
|
GDP per Capita, US$ |
7,928 |
|
Import Cover (months) |
15.2 |
|
Population, million |
2.3 |
| Total External Debt (as a % of GDP) |
10.2 |