Inflation in Botswana

Botswana Inflation | Economic News & Forecasts

Botswana - Inflation

Economic growth came in at 36.0% year-on-year in Q2, accelerating markedly from the 0.7% expansion in Q1. The jump was largely due to a rebound in the mining and quarrying sector, and rapid growth in diamond sales. Moreover, notable increases were logged in the manufacturing, construction, and wholesale and retail sectors, while only the agricultural sector recorded falling output. Turning to Q3, rough diamond sales came in below Q2’s average in July–August, boding ill for activity. Meanwhile, in late September the government presented the 2022 budget, envisaging total spending of approximately BWP 71.0 billion (around USD 6.4 billion). The plan rests on a 4.2% GDP growth forecast and sees the fiscal deficit at 4.0% of GDP. Spending priorities include addressing the health crisis, as well as promoting export-led growth and diversification, investment in the digital transition and productive infrastructure.

Botswana - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)3.1  2.8  3.3  3.2  2.8  

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Botswana Inflation Chart

Botswana Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Central Statistics Office of Botswana

Botswana Facts

Value Change Date
Bond Yield5.060.23 %Dec 31
Exchange Rate10.58-0.31 %Dec 31
Stock Market1.20.0 %Dec 30

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