[ Nominal GDP in billions of USD ]
Year -
$19.40 billions
Botswana GDP expanded from 1960 to 2024, increasing from $0.03 billion to $19.40 billion.The compound annual growth rate (CAGR) averaged 10.64% over the period. The economy recorded its peak level in 2022 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 12.54%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 19.40 Billions | $ 51.78 Int Billions |
| Growth (YoY) | -0.047% | -0.644% |
| Net Change vs Previous Year | $ -0.01 Billion | $ -0.34 Int Billion |
| % of World GDP | 0.02% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.03 | - | - | - | - | - |
| 1961 | 0.03 | 0 | 8.192 % | - | - | - |
| 1962 | 0.04 | 0 | 8.335 % | - | - | - |
| 1963 | 0.04 | 0 | 6.865 % | - | - | - |
| 1964 | 0.04 | 0 | 9.253 % | - | - | - |
| 1965 | 0.05 | 0 | 10.026 % | - | - | - |
| 1966 | 0.05 | 0.01 | 12.398 % | - | - | - |
| 1967 | 0.06 | 0.01 | 13.945 % | - | - | - |
| 1968 | 0.07 | 0.01 | 12.97 % | - | - | - |
| 1969 | 0.08 | 0.01 | 16.775 % | - | - | - |
| 1970 | 0.1 | 0.02 | 24.407 % | - | - | - |
| 1971 | 0.13 | 0.03 | 32.423 % | - | - | - |
| 1972 | 0.16 | 0.04 | 29.041 % | - | - | - |
| 1973 | 0.24 | 0.08 | 48.439 % | - | - | - |
| 1974 | 0.31 | 0.06 | 25.364 % | - | - | - |
| 1975 | 0.36 | 0.05 | 16.051 % | - | - | - |
| 1976 | 0.37 | 0.02 | 4.746 % | - | - | - |
| 1977 | 0.45 | 0.08 | 21.396 % | - | - | - |
| 1978 | 0.59 | 0.14 | 30.73 % | - | - | - |
| 1979 | 0.82 | 0.23 | 38.865 % | - | - | - |
| 1980 | 1.06 | 0.24 | 29.397 % | - | - | - |
| 1981 | 1.07 | 0.01 | 1.218 % | - | - | - |
| 1982 | 1.01 | -0.06 | -5.482 % | - | - | - |
| 1983 | 1.17 | 0.16 | 15.497 % | - | - | - |
| 1984 | 1.24 | 0.07 | 5.851 % | - | - | - |
| 1985 | 1.11 | -0.13 | -10.158 % | - | - | - |
| 1986 | 1.39 | 0.28 | 24.921 % | - | - | - |
| 1987 | 1.97 | 0.57 | 41.119 % | - | - | - |
| 1988 | 2.64 | 0.68 | 34.567 % | - | - | - |
| 1989 | 3.08 | 0.44 | 16.61 % | - | - | - |
| 1990 | 3.79 | 0.71 | 22.92 % | 7.97 | - | - |
| 1991 | 3.94 | 0.15 | 4.016 % | 8.85 | 0.88 | 11.093 % |
| 1992 | 4.15 | 0.2 | 5.163 % | 9.32 | 0.47 | 5.262 % |
| 1993 | 4.16 | 0.01 | 0.33 % | 9.72 | 0.4 | 4.332 % |
| 1994 | 4.26 | 0.1 | 2.383 % | 10.29 | 0.57 | 5.841 % |
| 1995 | 4.73 | 0.47 | 11.066 % | 11.25 | 0.95 | 9.275 % |
| 1996 | 4.85 | 0.12 | 2.477 % | 12.12 | 0.87 | 7.767 % |
| 1997 | 5.02 | 0.17 | 3.559 % | 13.35 | 1.24 | 10.194 % |
| 1998 | 4.79 | -0.23 | -4.577 % | 13.56 | 0.21 | 1.573 % |
| 1999 | 5.48 | 0.69 | 14.483 % | 15.09 | 1.52 | 11.219 % |
| 2000 | 5.79 | 0.3 | 5.544 % | 15.73 | 0.65 | 4.298 % |
| 2001 | 5.49 | -0.3 | -5.161 % | 16.13 | 0.39 | 2.508 % |
| 2002 | 5.44 | -0.05 | -0.924 % | 17.37 | 1.24 | 7.718 % |
| 2003 | 7.51 | 2.07 | 38.109 % | 18.54 | 1.16 | 6.692 % |
| 2004 | 8.96 | 1.45 | 19.249 % | 19.55 | 1.01 | 5.468 % |
| 2005 | 9.92 | 0.96 | 10.733 % | 21.08 | 1.53 | 7.835 % |
| 2006 | 9.92 | 0 | 0.003 % | 23.55 | 2.47 | 11.706 % |
| 2007 | 10.57 | 0.65 | 6.534 % | 25.59 | 2.04 | 8.659 % |
| 2008 | 10.73 | 0.16 | 1.548 % | 26.93 | 1.34 | 5.241 % |
| 2009 | 10.12 | -0.61 | -5.707 % | 23.26 | -3.67 | -13.615 % |
| 2010 | 12.64 | 2.52 | 24.893 % | 25.93 | 2.67 | 11.458 % |
| 2011 | 15.11 | 2.47 | 19.572 % | 28.27 | 2.34 | 9.043 % |
| 2012 | 13.91 | -1.2 | -7.962 % | 26.86 | -1.42 | -5.012 % |
| 2013 | 14.27 | 0.36 | 2.619 % | 29.16 | 2.3 | 8.571 % |
| 2014 | 15.47 | 1.2 | 8.397 % | 32.59 | 3.43 | 11.761 % |
| 2015 | 13.53 | -1.94 | -12.536 % | 31.16 | -1.43 | -4.374 % |
| 2016 | 15.08 | 1.55 | 11.469 % | 36.27 | 5.1 | 16.378 % |
| 2017 | 16.11 | 1.02 | 6.779 % | 35.59 | -0.68 | -1.866 % |
| 2018 | 17.03 | 0.93 | 5.755 % | 36.29 | 0.7 | 1.979 % |
| 2019 | 16.73 | -0.31 | -1.797 % | 37.22 | 0.93 | 2.552 % |
| 2020 | 14.96 | -1.77 | -10.556 % | 36.18 | -1.04 | -2.795 % |
| 2021 | 18.75 | 3.79 | 25.333 % | 43.13 | 6.95 | 19.214 % |
| 2022 | 20.32 | 1.57 | 8.378 % | 48.74 | 5.61 | 13.007 % |
| 2023 | 19.41 | -0.91 | -4.478 % | 52.12 | 3.37 | 6.922 % |
| 2024 | 19.4 | -0.01 | -0.047 % | 51.78 | -0.34 | -0.644 % |
Between 1960 to 2024, Botswana experienced the following economic phases:
The most remarkable growth occurred in 1973 with an increase of 48.439%, while the largest decline was in 2015 at -12.536%.