Botswana GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

5.9

Units In

6.3

Frequency

Quarterly

Next Release

Sep 26, 2025

Time to Release

2 Months 25 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

Botswana’s GDP contracted by 0.2% year-on-year in the first quarter of 2025, following a sharper 2% decline in the previous quarter, marking the fifth consecutive quarter of economic contraction. The downturn was largely driven by continued weakness in key sectors, including agriculture, forestry, and fishing (-3.4% vs. -2.5% in Q4), mining and quarrying (-7.7% vs. -27.3%), diamond trading (-36.2% vs. 196.2%), and water and electricity (-29% vs. 43.7%). In contrast, output in manufacturing showed a modest rebound (0.2% vs. -6.5%), while growth slowed in finance and insurance (3.9% vs. 4.7%), real estate (3.3% vs. 5%), and public administration and defense (4.2% vs. 5.9%). On a quarterly basis, the economy shrank by 0.1%, reversing the 1.3% growth recorded in the final quarter of 2024.