The economic architecture of Botswana is substantial, anchored by a Gross Domestic Product (GDP) of approximately $19.4B
2023
. This places it as the 125th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $7.82K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $51.88B, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 2.7%
2023
, accompanied by a stable price environment, with inflation (CPI) contained at 2.8%.
2024
On the global stage, Botswana's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country exhibits a balanced trade profile, with exports making up 32.3% of GDP and imports 36.6%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 3.43% of the economy
2023
. This performance positions the country 55th globally out of 186 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $70.03M annually
2023
. Fiscal capacity is adequate, with tax collections representing 19.6% of GDP, supporting core state functions.
2022
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $8,340
2023
, ranking the nation 82nd out of 190. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The country confronts significant labor market challenges, evidenced by a high unemployment rate of 23.1%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 66.2% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 16.1% of the population living below the national poverty line
2015
. Wealth distribution is a major societal challenge, indicated by a high Gini index of 54.9, pointing to severe income inequality.
2015
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 1,165.15 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. A significant commitment to sustainability is evident, with renewable energy accounting for 27.4% of consumption
2021
. This commitment places it 103rd among 190 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 12.71K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.