Botswana - BKT Annual Growth Rate

The economy of Botswana advanced 3.1% year-on-year in the second quarter of 2019, slowing from a 4.3% growth in the prior period. It was the weakest expansion since the second quarter of 2017, mainly hit by mining (-7.9% vs 3.3% in Q1), namely diamonds (-8.4%), as planned plant maintenance shutdown in April 2019 caused a 23% slump in production of the world's largest diamond mine Orapa. Also, declines were seen for coal output (-6.3%) and agriculture (-0.4% vs 2.6%). Meantime, growth slowed in manufacturing (3.5% vs 4.1%); transport & communication (5.5% vs 5.9%); social & personal services (3.1% vs 3.6%) and water & electricity (3.1% vs 3.8%). Conversely, activity continued to increase significantly in finance & business services (5.8% vs 5.3%); trade,hotels & restaurants (5.7%, the same pace as in Q1); general government (4% vs 3.1%) and construction (3% vs 2.7%). On a quarterly basis, the GDP rose 1.4%, recovering from a 1.5% contraction in the previous quarter.

The economy of Botswana advanced 4.3 percent year-on-year in the first quarter of 2019, quickening from a 4.1 percent expansion in the previous period. Output rebounded substantially for hotels & restaurants (5.7% vs -0.2% in Q4) and utilities (3.9% vs -0.2%) while rose further for finance & business services (5.4% vs 4.9%); manufacturing (4.1% vs 3.6%) and agriculture (2.6% vs 2.4%). On the other hand, slower increases were seen for transport & communication (5.9% vs 7.1%); mining (3.3% vs 13.9%); construction (2.7% vs 3.3%); general government (3.1% vs 3.8%) and social & personal services (3.6% vs 3.7%). On a quarterly basis, the GDP contracted 1.5 percent, after a 3.0 percent expansion in the previous quarter.