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%.
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.
Botswana GDP from 1980 to 2024
The total market value of goods and services produced annually in Botswana.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 1B 174M | $ 1,219.57 | $ 2,172.19 | $ 2B 92M | 12.02 % | -12.862 % | 29.33 % | 0 % | 963,000 people |
1981 | $ 1B 36M | $ 1,057.07 | $ 2,524.93 | $ 2B 476M | 8.154 % | -29.293 % | 24.20 % | 0 % | 981,000 people |
1982 | $ 1B 94M | $ 1,075.45 | $ 2,995.89 | $ 3B 47M | 15.874 % | -13.222 % | 28.76 % | 0 % | 1M 16K people |
1983 | $ 1B 208M | $ 1,145.99 | $ 3,326.33 | $ 3B 508M | 10.793 % | -6.533 % | 26.74 % | 0 % | 1M 55K people |
1984 | $ 1B 200M | $ 1,097.55 | $ 3,540.19 | $ 3B 871M | 6.517 % | -4.896 % | 27.21 % | 0 % | 1M 93K people |
1985 | $ 1B 117M | $ 985.39 | $ 3,793.22 | $ 4B 301M | 7.695 % | 7.334 % | 36.67 % | 0 % | 1M 134K people |
1986 | $ 1B 515M | $ 1,288.64 | $ 4,053.74 | $ 4B 766M | 8.616 % | 7.173 % | 35.94 % | 0 % | 1M 176K people |
1987 | $ 2B 374M | $ 1,947.61 | $ 4,603.82 | $ 5B 611M | 14.89 % | 26.479 % | 42.10 % | 0 % | 1M 219K people |
1988 | $ 3B 82M | $ 2,439.38 | $ 5,675.05 | $ 7B 169M | 23.42 % | 6.293 % | 53.27 % | 0 % | 1M 263K people |
1989 | $ 3B 441M | $ 2,628.08 | $ 5,956.21 | $ 7B 798M | 4.665 % | 14.297 % | 43.32 % | 0 % | 1M 309K people |
1990 | $ 3B 799M | $ 2,797.48 | $ 6,480.18 | $ 8B 800M | 8.787 % | -0.508 % | 46.41 % | 0 % | 1M 358K people |
1991 | $ 3B 802M | $ 2,718.95 | $ 6,911.25 | $ 9B 665M | 6.237 % | 7.967 % | 45.69 % | 0 % | 1M 399K people |
1992 | $ 3B 928M | $ 2,729.75 | $ 6,854.89 | $ 9B 865M | -0.208 % | 5.033 % | 43.36 % | 0 % | 1M 439K people |
1993 | $ 3B 957M | $ 2,674.40 | $ 7,100.64 | $ 10B 506M | 4.027 % | 10.79 % | 42.78 % | 0 % | 1M 480K people |
1994 | $ 4B 258M | $ 2,802.48 | $ 7,007.42 | $ 10B 646M | -0.786 % | 5.206 % | 29.66 % | 0 % | 1M 519K people |
1995 | $ 4B 805M | $ 3,084.80 | $ 7,567.13 | $ 11B 788M | 8.453 % | 6.236 % | 32.20 % | 0 % | 1M 558K people |
1996 | $ 4B 926M | $ 3,087.86 | $ 7,710.63 | $ 12B 299M | 2.466 % | 10.049 % | 38.27 % | 0 % | 1M 595K people |
1997 | $ 5B 11M | $ 3,071.64 | $ 8,214.57 | $ 13B 401M | 7.106 % | 14.398 % | 38.44 % | 0 % | 1M 631K people |
1998 | $ 4B 808M | $ 2,886.26 | $ 8,003.26 | $ 13B 331M | -1.622 % | 3.53 % | 42.28 % | 0 % | 1M 666K people |
1999 | $ 5B 413M | $ 3,188.54 | $ 8,603.29 | $ 14B 606M | 8.035 % | 10.778 % | 37.39 % | 5.666 % | 1M 698K people |
