Trade Balance in Botswana
Botswana - Trade Balance
The economy likely remained downbeat in the third quarter, after GDP plunged in the second quarter as Covid-19 slammed activity. Exports of rough diamonds, which account for around a third of government revenues, contracted by more than two thirds year-on-year in Q3 amid still-frail demand. Moreover, household credit growth weakened in July and August, which is set to have weighed on private consumption. Meanwhile, turning to Q4, in a bid to revive the tourism sector—the country’s second most important foreign exchange earner—the authorities started a phased reopening of borders, allowing air travel to resume gradually from 9 November. In other news, in mid-October, the government approached the World Bank, seeking budgetary support to help cover falling revenues due to the coronavirus health crisis.Botswana - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -0.7 | 1.5 | 0.8 | 0.5 | -1.3 |
Source: Bank of Botswana and FocusEconomics calculations.
Botswana Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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