International Reserves in Botswana

Botswana International Reserves | Economic News & Forecasts

Botswana - International Reserves

The economy appears to have lost further momentum in the third quarter after a notable downturn in mining caused growth to fall to a two-year low in the second quarter. Overseas sales of diamonds, which accounts for nearly 90% of total exports, fell by a quarter in July–August, a much sharper drop than in Q2. Diamond output plunged after the Orapa mine was closed in April, and was further dragged on by challenging external conditions. Moreover, firms were less upbeat about business conditions in Q3, hinting at a likely downturn in private sector activity. That said, conditions are expected to have perked up in the fourth quarter. Meanwhile, in politics, incumbent President Mokgweetsi Masisi of the Botswana Democratic Party (BDP) secured a second term in 23 October’s fiercely contested general election, despite a first term marred by controversial policies.

Botswana - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)7.7  8.3  7.5  7.2  7.5  

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Botswana International Reserves Chart

Botswana International Reserves
Note: International reserves, months of imports.
Source: World Bank

Botswana Facts

Bond Yield5.080.23 %Nov 21
Exchange Rate10.86-0.31 %Nov 21
Stock Market1.20.0 %Nov 14

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