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. source: Central Statistics Office, Botswana

The Gross Domestic Product (GDP) in Botswana contracted 0.30 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Botswana averaged 3.72 percent from 1995 until 2025, reaching an all time high of 37.80 percent in the second quarter of 2021 and a record low of -30.80 percent in the first quarter of 2009. This page provides the latest reported value for - Botswana GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Botswana GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

The Gross Domestic Product (GDP) in Botswana contracted 0.30 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Botswana is expected to be -1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Botswana GDP Annual Growth Rate is projected to trend around 2.10 percent in 2026 and 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-04-01 09:00 AM
GDP Growth Rate YoY
Q4 -2% -4.3% -1.7%
2025-06-30 03:20 PM
GDP Growth Rate YoY
Q1 -0.3% -2% -1.7%
2025-09-26 09:30 AM
GDP Growth Rate YoY
Q2 -0.3% -1.3%


Related Last Previous Unit Reference
Full Year GDP Growth -3.00 3.20 percent Dec 2024
GDP 19.40 19.41 USD Billion Dec 2024
GDP Growth Rate YoY -0.30 -2.00 percent Mar 2025
GDP Constant Prices 49435.20 49494.90 BWP Million Mar 2025
GDP from Agriculture 805.30 788.10 BWP Million Mar 2025
GDP from Construction 4583.90 4599.10 BWP Million Mar 2025
GDP from Manufacturing 2654.60 2556.00 BWP Million Mar 2025
GDP from Mining 8411.40 8009.50 BWP Million Mar 2025
GDP from Public Administration 9236.20 9218.00 BWP Million Mar 2025
GDP from Transport 882.30 913.00 BWP Million Mar 2025
GDP from Utilities 423.00 694.40 BWP Million Mar 2025
GDP Growth Rate -0.10 1.30 percent Mar 2025
GDP per Capita 6937.33 7269.05 USD Dec 2024
GDP per Capita PPP 18068.51 18932.48 USD Dec 2024
Gross Fixed Capital Formation 11643.60 11611.30 BWP Million Mar 2025

Botswana GDP Annual Growth Rate
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%).
Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -2.00 37.80 -30.80 1995 - 2025 percent Quarterly
2016=100

News Stream
Botswana Economy Contracts for Fifth Straight Quarter
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.
2025-06-30
Botswana GDP Shrinks 2% in Q4
Botswana's GDP contracted by 2% year-on-year in Q4 2024, following a revised 4.3% decline in the previous period. This marks the fourth consecutive quarter of economic downturn, primarily driven by declines in key sectors such as agriculture, forestry, and fishing (-2.5% vs. -2.1% in Q3), mining and quarrying (-27.3% vs. -27.2%), and manufacturing (-6.5% vs. -1.7%). In contrast, production rebounded sharply in diamond trading (196.2% vs. -75.6%), while output growth accelerated in sectors such as water and electricity (43.7% vs. 28.6%), finance and insurance (4.2% vs. 3.9%), real estate (4.2% vs. 3.9%), and public administration and defense (5.9% vs. 5.3%). On a quarterly basis, GDP grew by 1.3%, recovering from a 2.8% decline in the previous period. For the entire year, the economy contracted by 3%, compared to a 3.2% growth in 2023.
2025-04-04
Botswana GDP Contraction Deepens in Q3
The Botswana GDP shrank by 4.3% year-on-year in Q3 of 2024, much steeper than a downwardly revised 0.4% decline in Q2. It marked the third consecutive quarter of economic contraction, with mining & quarrying activity deteriorating sharply (-27.2% vs -16.6% in Q2). Also, diamond trading slumped (-75.6% vs -10.6%), with the diamond real value added significantly falling (-29.4%). Further, there were declines in output for agriculture, forestry & fishing (-2.1% vs 0.4%), manufacturing (-1.7% vs 1.1%), and transport & storage (-0.8% vs 2.8%). On the other hand, the non-mining GDP grew by 4.4%, driven by stronger output of utilities (28.6% vs 26.1%), wholesale & retail (7.5% vs 4.4%), public administration (5.3% vs 5.3%), education (5.7% vs 5.3%), and accommodation & food services (5.4% vs 4.5%). Quarterly, the GDP declined by 2.9%, the steepest decline since Q2 of 2023 and an upswing from a 1.4% growth in Q2.
2024-12-23