Botswana GDP Growth Rate

The Gross Domestic Product (GDP) in Botswana expanded 3.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Botswana is reported by the Central Statistics Office, Botswana. GDP Growth Rate in Botswana averaged 1.26 Percent from 1994 until 2013, reaching an all time high of 13.40 Percent in the second quarter of 1997 and a record low of -14.40 Percent in the first quarter of 2009. 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 in recent years. 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. This page provides - Botswana GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.60 0.30 13.40 -14.40 -2.52 | 2014/03 1994 - 2013 Percent Quarterly

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Botswana GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-28 04:00 PM Botswana
GDP Growth Rate QoQ
Q1 2013 -2.2% 4.5% (R) 0.86%
2013-10-03 06:00 PM Botswana
GDP Growth Rate QoQ
Q2 2013 4.1% -2.1% (R) -0.1%
2013-12-20 01:50 PM Botswana
GDP Growth Rate QoQ
Q3 2013 0.4% 2.5% (R) 3.6%
2014-04-01 05:30 PM Botswana
GDP Growth Rate QoQ
Q4 2013 3.6% 0.3% (R) 3.12%
2014-07-01 05:00 PM Botswana
GDP Growth Rate QoQ
Q1 2014 3.6% -2.52%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 14.41 2012-12-31 16.04 16.04 0.03 13.71 2013-12-31 USD Billion [+]
GDP Constant Prices 31678.20 2013-11-15 31688.00 32730.00 8974.80 33339.50 2014-03-31 BWP Million [+]
GDP Growth Rate 3.60 2013-12-31 0.30 13.40 -14.40 -2.52 2014-03-31 Percent [+]
GDP Annual Growth Rate 4.70 2013-12-31 6.90 18.20 -11.80 7.21 2014-03-31 Percent [+]
Gross Fixed Capital Formation 26769.31 2012-06-29 23888.65 26769.31 12270.74 27010.91 2012-12-31 BWP Million [+]
GDP per capita 6934.86 2012-12-31 6592.77 6934.86 334.58 7303.62 2013-12-31 USD [+]
GDP per capita PPP 14639.47 2012-12-31 13917.32 14639.47 3428.03 15418.13 2013-12-31 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Botswana Consumer Price Index (CPI) at 173.90 Index Points  
Consumer Price Index (CPI) in Botswana increased to 173.90 Index Points in February of 2014 from 173.10 Index Points in January of 2014. Consumer Price Index (CPI) in Botswana is reported by the Bank of Botswana.
Botswana Inflation Rate at 4.40 Percent  
The inflation rate in Botswana was recorded at 4.40 percent in March of 2014. Inflation Rate in Botswana is reported by the Central Statistics Office, Botswana.
Botswana Changes in Inventories at 467.48 BWP Million  
Changes in Inventories in Botswana decreased to 467.48 BWP Million in 2012 from 2625.09 BWP Million in 2011. Changes in Inventories in Botswana is reported by the Bank of Botswana.
Botswana Consumer Spending at 39187.76 BWP Million  
Consumer Spending in Botswana increased to 39187.76 BWP Million in 2012 from 38171.23 BWP Million in 2011. Consumer Spending in Botswana is reported by the Bank of Botswana.
Botswana Current Account at 3359.19 BWP Million  
Botswana recorded a Current Account surplus of 3359.19 BWP Million in the third quarter of 2013. Current Account in Botswana is reported by the Bank of Botswana.
Botswana GDP Current Prices at 31678.20 BWP Million  
GDP Constant Prices in Botswana decreased to 31678.20 BWP Million in the fourth quarter of 2013 from 31688 BWP Million in the third quarter of 2013. GDP Constant Prices in Botswana is reported by the Central Statistics Office, Botswana.
Botswana Government Spending at 13564.74 BWP Million  
Government Spending in Botswana increased to 13564.74 BWP Million in 2012 from 12273.10 BWP Million in 2011. Government Spending in Botswana is reported by the Bank of Botswana.
Botswana Gross Fixed Capital Formation at 26769.31 BWP Million  
Gross Fixed Capital Formation in Botswana increased to 26769.31 BWP Million in 2012 from 23888.65 BWP Million in 2011. Gross Fixed Capital Formation in Botswana is reported by the Bank Of Botswana.
Botswana GDP Growth Rate at 3.60 Percent  
The Gross Domestic Product (GDP) in Botswana expanded 3.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Botswana is reported by the Central Statistics Office, Botswana.
Botswana GDP Annual Growth Rate at 4.70 Percent  
The Gross Domestic Product (GDP) in Botswana expanded 4.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Botswana is reported by the Central Statistics Office, Botswana.
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