Rank of Botswana from the poorest is 115, and fromthe richest is 88, with gdp per capita using atlas method in 2993. In other measurement IMF,WB, and CIA using nominal method in 2007, 2007, and 2008 IMF.......................................WB.......................................................CIA
rank/measure........................rank/measure.....................................rank/measure
60/7,933...............................57/6,263......................................64/6,776
1980s 2 pula note
| |
Currency | Pula (BWP) |
---|---|
Statistics | |
GDP growth | -5.2% (2009[update] est.) |
GDP per capita | $13,300 (2009[update] est.) |
GDP by sector | agriculture (1.6%), industry (52.6%) (including 36% mining, services (45.8%)) (2008[update] est.) |
Inflation (CPI) | 8.1% (2009[update] est.) |
Population below poverty line |
30.3% (2003[update]) |
Labour force | 288,400 formal sector employees (2004[update]) |
Labour force by occupation |
N/A |
Unemployment | 7.5% (2007[update]) |
Main industries | diamonds, copper, nickel, salt, soda ash, potash, livestock processing, textiles |
Ease of Doing Business Rank | 59th |
External | |
Exports | $5.127 billion f.o.b. (2008[update] est.) |
Export goods | diamonds, copper, nickel, soda ash, meat, textiles |
Main export partners | European Free Trade Association (EFTA) 87%, Southern African Customs Union (SACU) 7%, Zimbabwe 4% (2000[update]) |
Imports | $3.931 billion f.o.b. (2008[update] est.) |
Import goods | foodstuffs, machinery, electrical goods, transport equipment, textiles, fuel and petroleum products, wood and paper
products, metal and metal products Since independence, Botswana has had the highest average economic growth rate in the world, averaging about 9% per year from 1966 to 1999. Growth in private sector employment has averaged about 10% per annum over the first 30 years of independence. The relatively high quality of the country's statistics means that these figures are likely to be quite accurate. The government has consistently maintained budget surpluses and has extensive foreign exchange reserves. Botswana's impressive economic record has been built on a foundation of diamond mining, prudent fiscal policies, international financial and technical assistance, and a cautious foreign policy. It is rated the least corrupt country in Africa, according to an international corruption watchdog, Transparency International. By one estimate, it has the fourth highest gross national income at purchasing power parity in Africa, giving it a standard of living around that of Mexico and Turkey.[3] Trade unions represent a minority of workers in the Botswana economy. In general they are loosely organized "in-house" unions, although the Botswana Federation of Trade Unions (BFTU) is consolidating its role as the sole national trade union centre in the country. At independence, Botswana was among the ten poorest nations in the world. A year later, in 1967, diamonds were discovered within its borders and over the next three decades, the country became the world's fastest-growing economy. Since 1970, Botswana is one of only three countries (along with Cape Verde and the Maldives) to have risen out of the United Nations group of Least Developed Countries. Running out of diamondsBotswana’s economy is growing between 5% and 6% a year, with diamonds accounting for three-quarters of its foreign earnings. Botswana currently supplies over a fifth of the world’s rough diamonds. However, at the current rate of mining, diamond deposits are expected to run out in the next three decades. The country therefore needs to diversify its economy. Nickel and copper are also mined, as are mineral resources such as salt and soda ash. |