Trade Balance in Botswana
Botswana - Trade BalanceAlthough available indicators suggest that the economy continued to expand in Q3, growth is likely to have decelerated notably due to a less favorable base effect. Improved business confidence in the quarter, amid higher sentiment within the mining and quarrying and manufacturing sectors, hints at firming private sector activity. On top of this, sales of diamonds—the country’s main commodity—rebounded robustly in the quarter. Meanwhile, solid growth in merchandise exports on average in Q3 hints at solid foreign demand dynamics. Turning to Q4, rough diamond sales rose in sequential terms at the outset of the quarter. This, coupled with notably lower numbers of Covid-19 infections and still-low hospitalization rates, despite the detection of the Omicron variant in the country, reduces the risk of new restrictions ahead, boding well for activity.
Botswana - Trade Balance Data
|Trade Balance (USD billion)||-0.7||1.5||0.8||0.5||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
Source: Bank of Botswana and FocusEconomics calculations.
|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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