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Sub Saharan Africa

Botswana

 Flag of Botswana

Map of Botswana Last updated: 31 December 2008

Country information

ECONOMY

Basic Economic Facts

GDP: US$13.2 billion (2007 estimate)
GDP per head: US$7183 (2007)
GDP Growth: 5.7% (2007)
Inflation: 7.1% (2007)
Major Industries: Diamonds, copper, nickel, beef and tourism
Major trading partners: EU and fellow members of the Southern Africa Customs Union comprising South Africa, Namibia, Lesotho and Swaziland

Botswana's economy is sustained by diamonds, which account for 30% of GDP. Over the last 3 decades Botswana has had one of the fastest growing economies in the world, albeit from a low base, sustained by fiscal discipline and sound management. But diamonds are a finite resource, and the need for economic diversification is one of the government's most pressing economic challenges. Botswana is notably free of corruption, ranked the least corrupt country in Africa by Transparency International, and the 25th least corrupt country in the world.

Botswana and the IMF

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Contacts

Botswana

Address:

Botswana High Commission
6 Stratford Place
London W1C 1AY

Telephone:

(020) 7499 0031
(020) 7647 1000

Fax:

(020) 7495 8595
(020) 7409 7382

Office hours:

Mon-Fri 0900-1700 

Website: bohico@govbw.com