Current Account in Botswana
Botswana - Current AccountThe economy likely continued to lose steam in the first quarter of 2022. Inflation rose notably in the period, and should have dented household consumption. Further, household credit growth eased in the quarter. Greater global uncertainty amid the onset of the war in Ukraine should have dented business confidence and affected capital outlays. More moderate growth in business credit further points to cooling activity. Turning to Q2, inflation averaged higher in April–May as price pressures rose to an over 13-year high in May. Meanwhile, plans have been drawn to construct a USD 2.5 billion coal-to-liquids plant. This is partly due to the country’s reliance on South African imports and subsequent power shortages due to logistical issues in South Africa. In other news, Botswana threatened to quit the UN’s CITES convention, calling for the ability to sell part of its ivory stockpiles.
Botswana - Current Account Data
|Current Account (% of GDP)||2.2||7.7||6.1||2.1||-6.0|
5 years of economic forecasts for more than 30 economic indicators.
Botswana Current Account Chart
Source: Bank of Botswana
|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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