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Indicators of economy in Botswana

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Botswana, on the other hand, reached USD 6,805 per capita, or 17.61 billion USD for the whole country. Botswana is one of the smaller economies and is currently ranked 123. If this is calculated per inhabitant, taking purchasing power parity into account, then Botswana ranks 84th in the list of the richest countries.

Inflation in Botswana in 2021 was around 7.24%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 52.6 percent lower.
The index for perceived corruption in the public sector is 55, which is rather mediocre by global standards.


Back to overview: Botswana

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in Botswana. Overall, gross domestic product in 2020 fell from 16.70 billion US dollars to 14.93 billion US dollars. With a large drop of 10.58 percent, the economy in Botswana has struggled significantly more than other countries. The tourism sector alone slumped by around 70 percent. The unemployment rate rose from 22.6 to 24.9 percent. The inflation rate fell from 2.8 percent previously to 1.9 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Botswana
Total
Botswana
per capita
EU
Total
EU
per capita
GDP17.61 bn USD6,805.22 USD17.177 tn USD33,384.92 USD
Gross national product16.64 bn USD6,426.83 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Botswana
Total
Botswana
per capita
EU
Total
EU
per capita
Imports7.35 bn USD2,839.26 USD8.916 tn USD17,329.02 USD
Exports4.69 bn USD1,810.57 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1975 - 2021

Exports
Imports



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