Botswana (2007) | Botswana (2008) | |
Budget | revenues: $4.651 billion
expenditures: $3.353 billion (2006 est.) |
revenues: $4.886 billion
expenditures: $3.756 billion (2007 est.) |
Debt - external | $483 million (2006 est.) | $513 million (31 December 2007 est.) |
Diplomatic representation from the US | chief of mission: Ambassador Katherine H. CANAVAN
embassy: address NA, Gaborone mailing address: Embassy Enclave, P. O. Box 90, Gaborone telephone: [267] 353982 FAX: [267] 312782 |
chief of mission: Ambassador Katherine H. CANAVAN
embassy: address NA, Gaborone mailing address: Embassy Enclave, P. O. Box 90, Gaborone telephone: [267] 395-3982 FAX: [267] 395-6947 |
Economy - overview | Botswana has maintained one of the world's highest economic growth rates since independence in 1966, though growth slowed to 4.7% in 2006. Through fiscal discipline and sound management, Botswana has transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of more than $11,000 in 2006. Two major investment services rank Botswana as the best credit risk in Africa. Diamond mining has fueled much of the expansion and currently accounts for more than one-third of GDP and for 70-80% of export earnings. Tourism, financial services, subsistence farming, and cattle raising are other key sectors. On the downside, the government must deal with high rates of unemployment and poverty. Unemployment officially was 23.8% in 2004, but unofficial estimates place it closer to 40%. HIV/AIDS infection rates are the second highest in the world and threaten Botswana's impressive economic gains. An expected leveling off in diamond mining production overshadows long-term prospects. | Botswana has maintained one of the world's highest economic growth rates since independence in 1966, though growth slowed to 4.7% annually in 2006-07. Through fiscal discipline and sound management, Botswana has transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of more than $11,000 in 2006. Two major investment services rank Botswana as the best credit risk in Africa. Diamond mining has fueled much of the expansion and currently accounts for more than one-third of GDP and for 70-80% of export earnings. Tourism, financial services, subsistence farming, and cattle raising are other key sectors. On the downside, the government must deal with high rates of unemployment and poverty. Unemployment officially was 23.8% in 2004, but unofficial estimates place it closer to 40%. HIV/AIDS infection rates are the second highest in the world and threaten Botswana's impressive economic gains. An expected leveling off in diamond mining production overshadows long-term prospects. |
Exchange rates | pulas per US dollar - 5.8447 (2006), 5.1104 (2005), 4.6929 (2004), 4.9499 (2003), 6.3278 (2002) | pulas per US dollar - 6.2035 (2007), 5.8447 (2006), 5.1104 (2005), 4.6929 (2004), 4.9499 (2003) |
Executive branch | chief of state: President Festus G. MOGAE (since 1 April 1998); Vice President Seretse Ian KHAMA (since 13 July 1998); note - the president is both the chief of state and head of government
head of government: President Festus G. MOGAE (since 1 April 1998); Vice President Seretse Ian KHAMA (since 13 July 1998) cabinet: Cabinet appointed by the president elections: president indirectly elected for a five-year term (eligible for a second term); election last held 20 October 2004 (next to be held in 2009); vice president appointed by the president election results: Festus G. MOGAE elected president; percent of National Assembly vote - 52% |
chief of state: President Festus G. MOGAE (since 1 April 1998); Vice President Seretse Khama Ian KHAMA (since 13 July 1998); note - the president is both the chief of state and head of government
head of government: President Festus G. MOGAE (since 1 April 1998); Vice President Seretse Khama Ian KHAMA (since 13 July 1998); cabinet: Cabinet appointed by the president elections: president indirectly elected for a five-year term (eligible for a second term); election last held 20 October 2004 (next to be held in 2009); vice president appointed by the president election results: Festus G. MOGAE elected president; percent of National Assembly vote - 52% |
Exports | NA bbl/day | 0 bbl/day (2004) |
GDP - real growth rate | 5.4% (2006 est.) | 4.7% (2007 est.) |
Industrial production growth rate | 6.3% (2006 est.) | 4.5% (2007 est.) |
Inflation rate (consumer prices) | 11.5% (2006 est.) | 7.2% (2007 est.) |
International organization participation | ACP, AfDB, AU, C, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IPU, ISO, ITSO, ITU, MIGA, NAM, OPCW, SACU, SADC, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO | ACP, AfDB, AU, C, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OPCW, SACU, SADC, UN, UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO |
Television broadcast stations | 1 (2001) | 2 (1 state-owned, 1 private) |