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Botswana

Botswana

Political and Economic Situtation

Botswana consists of nine districts and is a representative democratic republic, whereby the President is both head of state and head of government in a multi-party system. The country’s latest democratic election was held in October 2014, with the Botswana Democratic Party recording their 11th straight victory. President Seretse Khama Ian Khama, the incumbent, was sworn in for his second five-year term running through until 2019, overseeing the country’s celebrations of 50 years of independence in 2016.

Botswana has experienced sustained economic growth, with 5% annual growth over the past decade. The economy has been export driven with revenues secured through the sales of mined commodities including diamonds. The mining sector contributing between 2005 and 2014 on average 24% of GDP. The dependence on global commodities for export makes the country vulnerable to changes in the international markets, with unfavorable global conditions leading to a contracting of the economy. This situation has been further hampered by challenges in the regular supply of water and electricity.

In response to challenging economic conditions, the Government has made concerted efforts to diversify the economy through focusing on sectors including tourism, agriculture and industry. Interventions that have been underpinned by the Government’s Economic Stimulus Program include investments in infrastructure, telecommunication and transportation. The efforts to shift the country’s economy away from an over dependence on mined commodities in conjunction with the stimulus packages has resulted in positive forecasts for medium-term economic growth.

 

Key figures

Available statistics:
Capital
Gaborone
Official languages
English, Setswana
Population (2016 est.)
2,209,208
Population growth (2016 est.), %
1.19
Median age (2016 est.), years
23.2
Urbanization rate (2010 - 2015), % p.a.
1.29
Urban population (2015), % of total
57.4
Rural population (2015), % of total
43
Population density (2015), per km2
4
HDI (2014), rank of 188
106 of 188
National Currency
Pula, BWP
Exchange rate (February 2017) USD
1 BWP = 0.10 USD
GDP (2015), USD million current
14,389
GDP growth (2015), %
-0.3
GDP annual growth rate forecast (2020), %
3.79
GNI per capita (2015), current int’l USD
6,460
Inflation (2016), %
3.0
Inflation Rate Forecast (2020), %
3.2
Foreign Direct Investment, net inflows (2015), BOP current USD millions
394
Net official development assistance (2014), current USD millions
99.6
Budget deficit (2016), % of GDP
-5.6
Ease of Doing Business (2016), rank of 190
71
TI Corruption Index (2016), rank of 168
28
Installed Generation Capacity (MW, 2015)
892
Installed Fossil Fuel Capacity (MW, 2015), % of total installed capacity
100
Hydro Capacity (MW, 2015), % of total installed capacity
0
Other RE Capacity (2015), % of total installed capacity
<1
Renewable electricity output as % of total electricity output excl. hydro (2015)
<1
Avg. distribution and transmission losses as % of output (2015)
14.78
Net electricity imports (2015), GWh
1,509
Electrification rate, total (2014) %
53
Electrification rate, urban (2016 vs 2014) %
69
Electrification rate, rural (2016 vs 2014) %
32
Peak demand (Financial year 2014 & 2015), MW
610
Per capita electricity consumption (2013), kWh
1,564
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