Global Macro Expert
Beta Siller Advisory

Macro

Botswana

Sub-Saharan Africa · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 0.9%
Current prices2025
20USD bn
GDP per capita▼ 0.2%
Current prices2025
7,662USD
Real GDP growth▲ 2.1 pp
Annual change2025
-0.9%
Inflation■ 0.0 pp
Average consumer prices2025
2.8%
Government debt▲ 5.5 pp
General government, gross2025
38.6% of GDP
Current account▲ 7.9 pp
Balance2025
3.7% of GDP
Population▲ 1.1%
Total2025
2.55million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-14.10.011.91995: 8.5%1996: 2.5%1997: 7.1%1998: -1.6%1999: 8.0%2000: 4.3%2001: 2.3%2002: 7.4%2003: 5.4%2004: 1.4%2005: 5.0%2006: 6.0%2007: 5.8%2008: 3.3%2009: -14.1%2010: 10.1%2011: 6.8%2012: -0.2%2013: 11.1%2014: 5.7%2015: -4.9%2016: 7.2%2017: 4.1%2018: 4.2%2019: 3.0%2020: -8.7%2021: 11.9%2022: 5.5%2023: 3.2%2024: -3.0%2025: -0.9%2026: 4.7% (IMF projection)2027: 2.2% (IMF projection)2028: 3.0% (IMF projection)2029: 3.9% (IMF projection)2030: 3.9% (IMF projection)2031: 4.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.012.61995: 10.5%1996: 10.1%1997: 8.9%1998: 6.5%1999: 7.8%2000: 8.5%2001: 6.6%2002: 8.0%2003: 9.2%2004: 7.0%2005: 8.6%2006: 11.6%2007: 7.1%2008: 12.6%2009: 8.1%2010: 6.9%2011: 8.5%2012: 7.5%2013: 5.9%2014: 4.4%2015: 3.1%2016: 2.8%2017: 3.3%2018: 3.2%2019: 2.7%2020: 1.9%2021: 6.7%2022: 12.2%2023: 5.1%2024: 2.8%2025: 2.8%2026: 5.1% (IMF projection)2027: 5.7% (IMF projection)2028: 4.8% (IMF projection)2029: 4.5% (IMF projection)2030: 4.5% (IMF projection)2031: 4.5% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %11.95.53.2-3.0-0.94.72.23.03.93.9
Inflation, average consumer prices %6.712.25.12.82.85.15.74.84.54.5
GDP, current prices USD bn19201919202224252831
GDP per capita, current prices USD7,8088,3297,8267,6787,6628,4909,0359,57110,42911,354
GDP per capita, PPP Int. USD17,96119,97421,02920,56820,73222,03922,71823,46124,49425,594
General government gross debt % of GDP22.321.022.533.238.647.051.955.558.661.2
General government net lending/borrowing % of GDP-2.30.0-4.2-7.3-7.4-10.7-7.8-7.6-7.5-7.1
Current account balance % of GDP-1.8-0.61.5-4.23.7-1.9-1.4-2.0-1.8-2.1
Population million2.402.442.482.522.552.582.622.652.692.72

Government debt, % of GDP

General government gross debt
0.064.42000: 8%2001: 7%2002: 8%2003: 7%2004: 11%2005: 7%2006: 6%2007: 6%2008: 8%2009: 22%2010: 27%2011: 28%2012: 26%2013: 24%2014: 24%2015: 24%2016: 22%2017: 20%2018: 20%2019: 22%2020: 24%2021: 22%2022: 21%2023: 23%2024: 33%2025: 39%2026: 47% (IMF projection)2027: 52% (IMF projection)2028: 55% (IMF projection)2029: 59% (IMF projection)2030: 61% (IMF projection)2031: 64% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-9.80.019.72000: 9.6%2001: 10.9%2002: 4.9%2003: 9.6%2004: 3.6%2005: 16.2%2006: 19.7%2007: 15.7%2008: 1.4%2009: -6.4%2010: -5.9%2011: -0.9%2012: -5.9%2013: 4.5%2014: 11.1%2015: 2.2%2016: 8.0%2017: 5.6%2018: 0.4%2019: -6.9%2020: -9.8%2021: -1.8%2022: -0.6%2023: 1.5%2024: -4.2%2025: 3.7%2026: -1.9% (IMF projection)2027: -1.4% (IMF projection)2028: -2.0% (IMF projection)2029: -1.8% (IMF projection)2030: -2.1% (IMF projection)2031: -2.4% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19954.643.95.346.3
20051.842.94.945.3
20151.937.57.256.9
20251.827.95.764.6

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method7,390USD2025+20.4%
GNI, Atlas method19USD bn2025+40.0%
Exports of goods and services32.0% of GDP2025-21.1 pp
Imports of goods and services37.5% of GDP2025-22.3 pp
Life expectancy at birth69.3years2024+11.5%
Urban population68.0% of total2025+2.5 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)