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Botswana has maintained one
of the world's highest economic growth rates since
independence in 1966. 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 more than
$11,000 in 2006.
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. |
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GDP (purchasing power
parity):
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$24.14 billion (2007 est.)
|
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GDP (official
exchange rate):
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$10.46 billion (2007 est.)
|
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GDP - real growth
rate:
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4.7% (2007 est.)
|
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GDP - per capita
(PPP):
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$14,700 (2007 est.)
|
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GDP of Botswana -
composition by sector:
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agriculture: 1.6%
industry: 51.5% (including 36% mining)
services: 46.9% (2006 est.) |
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Labor force in
Botswana:
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288,400 formal sector
employees (2004) |
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Labor force in
Botswana - by occupation:
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agriculture: NA%
industry: NA%
services: NA% |
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Unemployment rate:
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23.8% (2004) |
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Population below
poverty line:
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30.3% (2003) |
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Household income or
consumption by percentage share in Botswana:
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lowest 10%: NA%
highest 10%: NA% |
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Distribution of
family income in Botswana - Gini index:
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63 (1993) |
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Inflation rate
(consumer prices):
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7.2% (2007 est.)
|
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Investment (gross
fixed):
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19.5% of GDP (2007 est.)
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Budget in Botswana:
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revenues: $4.886
billion
expenditures: $3.756 billion (2007 est.)
|
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Public debt in
Botswana:
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6.4% of GDP (2007 est.)
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Agriculture -
products:
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livestock, sorghum, maize,
millet, beans, sunflowers, groundnuts |
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Industries in
Botswana:
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diamonds, copper, nickel,
salt, soda ash, potash; livestock processing; textiles
|
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Industrial production
growth rate in Botswana:
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4.5% (2007 est.)
|
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Electricity -
production:
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912 million kWh (2005)
|
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Electricity
production by source in Botswana:
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fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
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Electricity -
consumption:
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2.602 billion kWh (2005)
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Electricity -
exports:
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0 kWh (2005) |
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Electricity -
imports:
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1.754 billion kWh (2005)
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Oil production in
Botswana:
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0 bbl/day (2005)
|
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Oil consumption in
Botswana:
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12,000 bbl/day (2005 est.)
|
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Oil exports from
Botswana:
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0 bbl/day (2004)
|
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Oil imports into
Botswana:
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13,490 bbl/day (2004)
|
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Oil - proved
reserves:
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0 bbl (1 January 2006 est.)
|
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Natural gas -
production:
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0 cu m (2005 est.)
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Natural gas -
consumption:
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0 cu m (2005 est.)
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Natural gas -
exports:
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0 cu m (2005 est.)
|
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Natural gas imports:
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0 cu m (2005) |
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Natural gas - proved
reserves:
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0 cu m (1 January 2006 est.)
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Current account
balance:
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$2.231 billion (2007 est.)
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Exports from
Botswana:
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$4.798 billion f.o.b. (2007
est.) |
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Exports -
commodities:
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diamonds, copper, nickel,
soda ash, meat, textiles |
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Exports partners of
Botswana:
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European Free Trade
Association (EFTA) 87%, Southern African Customs Union (SACU)
7%, Zimbabwe 4% (2006) |
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Imports into
Botswana:
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$2.766 billion f.o.b. (2007
est.) |
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Imports partners of
Botswana:
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Southern African Customs
Union (SACU) 74%, EFTA 17%, Zimbabwe 4% (2006)
|
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Economic aid -
recipient:
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$70.89 million (2005)
|
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Reserves of foreign
exchange and gold of Botswana:
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$9.629 billion (31 December
2007 est.) |
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Debt external of
Botswana:
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$513 million (31 December
2007 est.) |
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Market value of
publicly traded shares:
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$3.947 billion (2006)
|
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Currency (code):
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pula (BWP) |
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Currency code:
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BWP |
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Exchange rates in
Botswana:
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pulas per US dollar - 6.2035
(2007), 5.8447 (2006), 5.1104 (2005), 4.6929 (2004),
4.9499 (2003) |
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Fiscal year in
Botswana:
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1 April - 31 March
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Facts
on Economy Botswana