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Formerly the British protectorate of Bechuanaland, Botswana adopted its new name upon independence in 1966. Four decades of uninterrupted civilian leadership, progressive social policies, and significant capital investment have created one of the most dynamic economies in Africa. Mineral extraction, principally diamond mining, dominates economic activity, though tourism is a growing sector due to the country's conservation practices and extensive nature preserves. Botswana has one of the world's highest known rates of HIV/AIDS infection, but also one of Africa's most progressive and comprehensive programs for dealing with the disease.[1]

Economical characteristics

  • Currency: Pula (ISO code: BWP)
  • Central bank discount rate: 15% (31 December 2008)[1]
  • Commercial banks lending rate: 16.54% (31 December 2008)[1]
  • Stock of money (M1): $1.008 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $4.183 billion (31 December 2008)[1]


Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[2] 5 623 6 177 6 033 5 933 8 278 9 827 10 513 11 006 12 343 13 414
Govt. debt (% of GDP)[3]
Govt. revenue (% of GDP)[4]
Govt. expenses (% of GDP)[5]
Debt to revenue (years)

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid <ref> tag; no text was provided for refs named CIA_BW
  2. World Bank. "Botswana: GDP", from World Bank Data. Referenced 2010-10-01.
  3. World Bank. "Botswana: government debt", from World Bank Data. Referenced 2010-10-01.
  4. World Bank. "Botswana: government revenue", from World Bank Data. Referenced 2010-10-01.
  5. World Bank. "Botswana: government expenses", from World Bank Data. Referenced 2010-10-01.

External links