Botswana's GDP changed from approximately $1B 174M in 1980 to $21B 418M in 2024, showing an overall 1724.4% sharply increased during the period.
The lowest GDP was recorded in 1981 at $1B 36M, and the highest in 2024 at $21B 418M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.8%.
For comparison, the average annual growth rate of South Africa was 3.3%, and that of Namibia was 4.8%.
Botswana GDP from 1980 to 2024
The total market value of goods and services produced annually in Botswana.
Overview of Botswana's GDP (1980–2024)
The Gross Domestic Product (GDP) of Botswana recorded a 1724.4% sharply increased from 1980 to 2024.
The average GDP during this period was $8B 703M, and the median was $5B 682M.
GDP fluctuated within a range of $20B 381M, with a standard deviation of $6B 230M.
The average annual change was $461M 233K.
Highest and Lowest GDP Records
- Lowest GDP: 1981, $1B 36M
- Highest GDP: 2024, $21B 418M
- Most Recent GDP: 2024, $21B 418M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Botswana's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $16B 696M → $14B 930M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $10B 566M → $10B 118M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $5B 682M → $5B 460M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $5B 11M → $4B 808M
- Outcome: declined
Key Economic Indicators of Botswana (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 12.02 % | $ 1B 174M | $ 2B 92M | $ 1,219.57 | $ 2,172.19 | 29.33 % | 963,000 people | -12.862 % | 0 % |
1981 | 8.154 % | $ 1B 36M | $ 2B 476M | $ 1,057.07 | $ 2,524.93 | 24.20 % | 981,000 people | -29.293 % | 0 % |
1982 | 15.874 % | $ 1B 94M | $ 3B 47M | $ 1,075.45 | $ 2,995.89 | 28.76 % | 1M 16K people | -13.222 % | 0 % |
1983 | 10.793 % | $ 1B 208M | $ 3B 508M | $ 1,145.99 | $ 3,326.33 | 26.74 % | 1M 55K people | -6.533 % | 0 % |
1984 | 6.517 % | $ 1B 200M | $ 3B 871M | $ 1,097.55 | $ 3,540.19 | 27.21 % | 1M 93K people | -4.896 % | 0 % |
1985 | 7.695 % | $ 1B 117M | $ 4B 301M | $ 985.39 | $ 3,793.22 | 36.67 % | 1M 134K people | 7.334 % | 0 % |
1986 | 8.616 % | $ 1B 515M | $ 4B 766M | $ 1,288.64 | $ 4,053.74 | 35.94 % | 1M 176K people | 7.173 % | 0 % |
1987 | 14.89 % | $ 2B 374M | $ 5B 611M | $ 1,947.61 | $ 4,603.82 | 42.10 % | 1M 219K people | 26.479 % | 0 % |
1988 | 23.42 % | $ 3B 82M | $ 7B 169M | $ 2,439.38 | $ 5,675.05 | 53.27 % | 1M 263K people | 6.293 % | 0 % |
1989 | 4.665 % | $ 3B 441M | $ 7B 798M | $ 2,628.08 | $ 5,956.21 | 43.32 % | 1M 309K people | 14.297 % | 0 % |
1990 | 8.787 % | $ 3B 799M | $ 8B 800M | $ 2,797.48 | $ 6,480.18 | 46.41 % | 1M 358K people | -0.508 % | 0 % |
1991 | 6.237 % | $ 3B 802M | $ 9B 665M | $ 2,718.95 | $ 6,911.25 | 45.69 % | 1M 399K people | 7.967 % | 0 % |
1992 | -0.208 % | $ 3B 928M | $ 9B 865M | $ 2,729.75 | $ 6,854.89 | 43.36 % | 1M 439K people | 5.033 % | 0 % |
1993 | 4.027 % | $ 3B 957M | $ 10B 506M | $ 2,674.40 | $ 7,100.64 | 42.78 % | 1M 480K people | 10.79 % | 0 % |
1994 | -0.786 % | $ 4B 258M | $ 10B 646M | $ 2,802.48 | $ 7,007.42 | 29.66 % | 1M 519K people | 5.206 % | 0 % |
1995 | 8.453 % | $ 4B 805M | $ 11B 788M | $ 3,084.80 | $ 7,567.13 | 32.20 % | 1M 558K people | 6.236 % | 0 % |
1996 | 2.466 % | $ 4B 926M | $ 12B 299M | $ 3,087.86 | $ 7,710.63 | 38.27 % | 1M 595K people | 10.049 % | 0 % |
1997 | 7.106 % | $ 5B 11M | $ 13B 401M | $ 3,071.64 | $ 8,214.57 | 38.44 % | 1M 631K people | 14.398 % | 0 % |
1998 | -1.622 % | $ 4B 808M | $ 13B 331M | $ 2,886.26 | $ 8,003.26 | 42.28 % | 1M 666K people | 3.53 % | 0 % |
1999 | 8.035 % | $ 5B 413M | $ 14B 606M | $ 3,188.54 | $ 8,603.29 | 37.39 % | 1M 698K people | 10.778 % | 5.666 % |