Current Account in Botswana
Botswana - Current Account (billions of U.S. Dollars)Following Q2’s robust expansion, GDP growth likely decelerated in the third quarter, largely due to a less favorable base effect. That said, available data points to healthy economic conditions: Business confidence improved in Q3, amid expectations of higher profitability and an improvement in the performance of the mining and quarrying, and manufacturing sectors. On top of this, sales of diamonds—the country’s key commodity—posted another impressive annual expansion in the period. Moving to the final quarter of the year, a spike in Covid-19 cases in early November bodes ill for activity. In other news, in late October the country presented a national e-commerce strategy to boost the digital economy and reduce dependence on minerals. Meanwhile, on 5 November, Maatla Resources announced plans to begin work on the country’s second privately-owned coal mine in Q1 next year.
Botswana - Current Account (USD bn) Data
|Current Account Balance (USD bn)||0.3||1.2||1.1||0.4||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
Botswana Current Account (USD bn) Chart
|Bond Yield||5.06||0.23 %||Dec 31|
|Exchange Rate||10.58||-0.31 %||Dec 31|
|Stock Market||1.2||0.0 %||Dec 30|
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