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Botswana
Introduction
Key Economic Facts
Botswana is a landlocked country in Southern Africa that
borders the countries of Namibia, South Africa, Zimbabwe,
and Zambia. The geography is flat, and up to 70% of
Botswana is covered by the Kalahari
Desert, thus making it a sparsely
populated country with little agricultural
activity. The government system is a
parliamentary republic; the chief of state
and head of government is the president. Botswana has a
mixed economic system, which includes a variety of private
freedom, combined with centralized economic planning and
government regulation.
Botswana is a member of the
Southern African Development
Community (SADC).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Southern Africa
Gaborone (+2 GMT)
President Seretse Khama Ian Khama
President Seretse Khama Ian Khama
Botswanan pula (BWP)
Setswana 77.3%, Sekalanga 7.4%,
Shekgalagadi 3.4%, English (official)
2.8%, Zezuru/Shona 2%, Sesarwa
1.7%, Sembukushu 1.6%, Ndebele
1%, other 2.8% (2011 est.)
Primary Religions: Christian 79.1%, Badimo 4.1%, other
1.4% (includes Baha'i, Hindu, Muslim,
Rastafarian), none 15.2%, unspecified
0.3% (2011 est.)
Calling Code: 267
Voltage: 231
Key Websites
Main Government Page:
Commerce Ministry:
Export Promotion Agency:
Investment Promotion
Agency:
gov.bw
gov.bw
bitc.co.bw
bitc.co.bw
Risk Assessment (Provided by Coface)
Upper Middle Income
Developing
$35.84 billion (2015)
-0.25% (2015)
$15,839.30 (2015)
$2,147,495,000.00 (2015)
6.34% (2015)
$1.12 billion (2015)
3.77% (2016)
1,215,347 (2016)
18.37% (2016)
$7.72 billion (2015)
$7.53 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
Services
64
33
2
6
Country rating: A4 - A somewhat shaky political and
economic outlook and a relatively volatile business
environment can affect corporate payment behavior.
Corporate default probability is still acceptable on average.
Business Climate rating: A4 - The business environment
is acceptable. Corporate financial information is sometimes
neither readily available nor sufficiently reliable. Debt
collection is not always efficient and the institutional
framework has shortcomings. Intercompany transactions
may thus run into appreciable difficulties in the acceptable
but occasionally unstable environments rated A4.
Strengths
• Abundant and diverse natural resources (diamonds,
copper, uranium, coal)
• Sustainable level of public and external debt
• Political stability and level of governance that place
Botswana as the leading country in sub-Saharan
Africa
Weaknesses
• Dependence on the diamond sector (80% of exports,
30% of budgetary revenues)
• Insufficient infrastructure (production and distribution
of water and electricity)
• Poverty, inequality and high unemployment
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
U.S. Embassy
Rankings
Embassy Enclave, (off Khama Crescent)
Gaborone
Tel: 267 395-3982
http://botswana.usembassy.gov/
Index
Corruption Perceptions Index
Global Competitiveness Index
Global Enabling Trade Index
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
35 / 176
64 / 138
65 / 136
34 / 180
57 / 160
78 / 139
135 / 187
101 / 139
47 / 102
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV