Botswana Economic Outlook
October 18, 2016After the strong rebound in the first quarter, the Botswanan economy decelerated in the second quarter of 2016, recording a 1.6% expansion over the same quarter of last year. However, on a quarter-on-quarter basis, economic activity decreased 1.3%, mainly due to a considerable drop in fixed investment. Sector-wise, the slowdown is attributable to the double-digit drop in the most-important mining sector, which has been the engine of the Botswanan economy in recent years. Meanwhile, at the beginning of this year, the government launched the Economic Stimulus Programme (ESP) aimed at diversifying the economy away from the diamond business and enhancing infrastructure construction and the tourism sector.
Botswana Economy Data
|GDP per capita (USD)||8,079||7,117||6,981||7,695||6,937|
|GDP (USD bn)||16.4||14.6||14.5||16.2||14.8|
|Economic Growth (GDP, annual variation in %)||6.0||4.5||9.9||3.2||-0.3|
|Fiscal Balance (% of GDP)||-0.1||0.8||5.4||2.5||-1.6|
|Public Debt (% of GDP)||20.3||18.9||17.6||17.9||17.8|
|Money (annual variation in %)||4.4||9.0||4.0||10.0||-|
|Inflation Rate (CPI, annual variation in %, eop)||9.2||7.4||4.1||3.7||3.1|
|Inflation Rate (CPI, annual variation in %)||8.5||7.5||5.9||4.4||3.1|
|Policy Interest Rate (%)||9.50||9.50||7.50||7.50||6.00|
|Exchange Rate (vs USD)||7.47||7.79||8.78||9.51||11.25|
|Exchange Rate (vs USD, aop)||6.84||7.62||8.40||8.98||10.14|
|Current Account (% of GDP)||2.9||0.3||9.1||15.4||-|
|Current Account Balance (USD bn)||0.5||0.0||1.3||2.5||-|
|Trade Balance (USD billion)||-0.7||-2.0||-0.3||0.5||-|
|Exports (USD billion)||6.4||6.0||7.9||8.5||-|
|Imports (USD billion)||7.1||8.0||8.3||8.0||-|
|Exports (annual variation in %)||40.0||-6.3||31.4||7.6||-|
|Imports (annual variation in %)||27.4||12.3||3.1||-3.3||-|
|International Reserves (USD)||8.1||7.6||7.7||8.3||-|
|External Debt (% of GDP)||14.6||17.0||16.7||14.7||-|
5 years of Botswana economic forecasts for more than 30 economic indicators.
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|Bond Yield||4.93||-1.40 %||Oct 20|
|Exchange Rate||10.64||-0.11 %||Oct 20|
|Stock Market||0.4||0.0 %||Oct 20|
Botswana Economic Growth
October 18, 2016The Central Bank’s accommodative monetary policy and the government’s stimulus plan will likely spur private consumption and fixed investment, supporting economic growth this year. Analysts expect that GDP will grow 3.0% in 2016, which is down 0.3 percentage points from last month's projection. In 2017, they foresee GDP to grow 4.0%.