Botswana Economic Outlook
June 19, 2018
Available indicators suggest last year’s subdued economic performance, which was largely attributable to significant declines in copper and nickel production, carried over at the start of the year, reflected through soft external sector activity. Exports contracted while imports rose markedly in Q1, leading to a notable reduction of the trade surplus compared to Q1 2017. However, the diamond industry—the backbone of Botswana’s economy—proved resilient as exports of diamonds remained broadly stable compared to the same period last year. Meanwhile, on the completion of its yearly staff visit on 8 June, the IMF praised the country’s sound macroeconomic and financial metrics, but also urged authorities to undertake reforms in view of improving the business environment and diversifying the economy.Botswana Economic Growth
Economic growth is expected to pick up this year on the back of higher public spending and increased diamond sales. FocusEconomics panelists see GDP growing 4.1% in 2018, down 0.2 percentage points from last month’s estimate, and 4.3% in 2019.Botswana Economy Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Population (million) | 2.1 | 2.1 | 2.1 | 2.2 | 2.2 |
| GDP per capita (USD) | 7,028 | 7,879 | 6,953 | 7,298 | 8,051 |
| GDP (USD bn) | 14.6 | 16.6 | 14.8 | 15.7 | 17.6 |
| Economic Growth (GDP, annual variation in %) | 11.3 | 4.1 | -1.7 | 4.3 | 2.4 |
| Fiscal Balance (% of GDP) | 5.6 | 3.7 | -4.6 | -1.1 | 0.4 |
| Public Debt (% of GDP) | 17.4 | 17.3 | 16.3 | 15.5 | 15.6 |
| Money (annual variation in %) | 4.0 | 10.0 | 19.9 | 5.4 | 2.7 |
| Inflation Rate (CPI, annual variation in %, eop) | 4.1 | 3.8 | 3.1 | 3.0 | 3.2 |
| Inflation Rate (CPI, annual variation in %) | 5.9 | 4.4 | 3.1 | 2.8 | 3.3 |
| Exchange Rate (vs USD) | 8.78 | 9.51 | 11.25 | 10.68 | 9.83 |
| Policy Interest Rate (%) | 7.50 | 7.50 | 6.00 | 5.50 | 5.00 |
| Exchange Rate (vs USD, aop) | 8.40 | 8.98 | 10.14 | 10.89 | 10.34 |
| Current Account (% of GDP) | 7.6 | 13.2 | 5.6 | 13.7 | 12.3 |
| Current Account Balance (USD bn) | 1.1 | 2.2 | 0.8 | 2.2 | 2.2 |
| Trade Balance (USD billion) | -0.1 | 0.8 | -0.7 | 1.5 | 0.9 |
| Exports (USD billion) | 7.8 | 8.7 | 6.5 | 7.4 | 6.0 |
| Imports (USD billion) | 7.9 | 7.9 | 7.1 | 5.9 | 5.0 |
| Exports (annual variation in %) | 34.0 | 11.8 | -25.7 | 14.6 | -19.1 |
| Imports (annual variation in %) | -1.6 | 0.7 | -10.0 | -17.2 | -14.4 |
| International Reserves (USD) | 7.7 | 8.3 | 7.5 | 7.2 | 7.5 |
| External Debt (% of GDP) | 16.3 | 15.4 | 15.0 | 13.4 | - |
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Botswana Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.90 | 0.23 % | Jul 11 |
| Exchange Rate | 10.29 | -0.31 % | Jul 11 |
| Stock Market | 0.1 | 0.0 % | Jul 11 |
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