Botswana GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

5.9

Units In

6.3

Frequency

Quarterly

Next Release

Dec 24, 2025

Time to Release

2 Months 26 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
37.3 Jun 2021	-26.9 Jun 2020	4.6 %	1995-2022	N/A

Botswana is considered as a middle-income country having been one of the fastest growing economies in Africa during the last decade. Diamond extraction is the main factor behind high growth rates as it accounts for more than one-third of GDP; almost all export earnings, and half of the government's revenues. Other key sectors are tourism, financial services, subsistence farming, and cattle raising. The largest sector of Botswana economy is trade, hotels & restaurants accounts (24% of GDP), followed by financial & business services (17%); general government (15%) and mining (12%). Other sectors include: construction (9%), community, social & personal service activities (8%); transport, storage & communication (7%), manufacturing (7%), agriculture, hunting & forestry (1%) and electricity, gas & water supply both around (1%).

Latest Updates

The economy of Botswana plunged by 5.3% year-on-year in Q2 2025, extending the downturn into a sixth consecutive quarter following a revised 0.4% decline in Q1. This was the steepest economic contraction since Q2 2020, as a prolonged slump in diamond demand pressures the economy. The mining and quarrying sector tumbled 37.8%, mainly due to a 41.3% drop in diamonds and a 2% decline in coal production. Other negative contributors included diamond traders (-46.5% vs -36.2%); water & electricity (-6.6% vs -29%) and manufacturing (-0.5% vs -1%). All other industries recorded solid growth , except construction, with marginal growth of 0.3%. On a quarterly basis, the GDP slumped by 3.6% in Q2, the most since Q2 2020, after a revised 0.2% decline in the prior period.