PollsAfricaWork with us
Botswana · Economy

Botswana economy: GDP, investment, trade and remittances

How large the Botswana economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
US$19.9 billion
current US$, 2025
Real GDP growth
-0.7%
2025
GDP per person
US$7,778
current US$, 2025
Exports of goods
US$3.9 billion
2024
Remittances received
US$165 million
2025, 0.8% of GDP
Foreign direct investment, net inflows
-US$649 million
2025, -3.3% of GDP

Botswana economy snapshot: GDP, growth and income per person

Botswana's GDP was US$19.9 billion in 2025, after real growth of -0.7%.

GDP

Current US dollars.

010bn20bn30bn201520172019202120232025GDP 2015: US$13.5 billionGDP 2016: US$15.1 billionGDP 2017: US$16.1 billionGDP 2018: US$17.0 billionGDP 2019: US$16.7 billionGDP 2020: US$15.0 billionGDP 2021: US$18.8 billionGDP 2022: US$20.3 billionGDP 2023: US$19.4 billionGDP 2024: US$19.3 billionGDP 2025: US$19.9 billion

Real GDP growth

Annual change, per cent. Red bars are contractions.

-10%0%10%20%201520172019202120232025Real GDP growth 2015: -4.9%Real GDP growth 2016: 7.2%Real GDP growth 2017: 4.1%Real GDP growth 2018: 4.2%Real GDP growth 2019: 3.0%Real GDP growth 2020: -8.7%Real GDP growth 2021: 11.9%Real GDP growth 2022: 5.5%Real GDP growth 2023: 3.2%Real GDP growth 2024: -2.8%Real GDP growth 2025: -0.7%

GDP per person

Current US dollars.

03k5k8k10k201520172019202120232025GDP per person 2015: US$6,141GDP per person 2016: US$6,749GDP per person 2017: US$7,105GDP per person 2018: US$7,408GDP per person 2019: US$7,172GDP per person 2020: US$6,323GDP per person 2021: US$7,808GDP per person 2022: US$8,329GDP per person 2023: US$7,827GDP per person 2024: US$7,650GDP per person 2025: US$7,778

Source: World Bank, 2025. Method

Who invests in Botswana and in what

Direct investment by investing country

United Kingdom was the largest investing country in Botswana, at 55% of inward direct investment positions in 2024.

Inward direct investment positions in Botswana at the end of 2024: the stock of foreign direct investment, not a year's new flow. The 10 largest investing countries.

United KingdomUS$4.0 billion55.2%
South AfricaUS$1.0 billion14.2%
MauritiusUS$471 million6.5%
Hong KongUS$399 million5.5%
Cayman IslandsUS$266 million3.7%
British Virgin IslandsUS$245 million3.4%
AustraliaUS$153 million2.1%
FranceUS$74 million1.0%
NamibiaUS$68 million0.9%
NigeriaUS$66 million0.9%

Source: IMF, 2024. Method

What Botswana sells and buys

Pearls, precious stones and metals was 64% of exports in 2024.

Botswana sold the most to United Arab Emirates, 27% of exports in 2024.

Exports by product, 2024

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Natural, cultured pearls: US$2.5 billion, 63.9%Pearls, precious stones and metals64%Ores, slag and ash: US$738 million, 18.8%Ores, slag and ash19%Electrical machinery and equipment and parts thereof: US$174 million, 4.4%Electric…4%Inorganic chemicals: US$74 million, 1.9%Inorgani…2%Plastics and articles thereof: US$46 million, 1.2%Animals: US$39 million, 1.0%Machinery and mechanical appliances, boilers, nuclear reactors: US$39 million, 1.0%Meat and edible meat offal: US$36 million, 0.9%Mineral fuels, mineral oils and products of their distillation: US$33 million, 0.8%Vehicles: US$28 million, 0.7%Salt: US$25 million, 0.6%Textiles, made up articles: US$19 million, 0.5%All other chapters: US$162 million, 4.1%All other…4%

Source: UN Comtrade, 2024. Method

Top buyers, 2024

Share of Botswana's exports.

United Arab EmiratesUS$1.1 billion26.9%
South AfricaUS$599 million15.3%
IndiaUS$531 million13.5%
BelgiumUS$417 million10.6%
AustraliaUS$356 million9.1%
ChinaUS$342 million8.7%
IsraelUS$135 million3.4%
NamibiaUS$130 million3.3%
ZimbabweUS$90 million2.3%
United StatesUS$40 million1.0%

Top suppliers, 2024

Share of Botswana's imports.

South AfricaUS$4.3 billion59.9%
NamibiaUS$992 million13.9%
ChinaUS$312 million4.4%
CanadaUS$214 million3.0%
IndiaUS$178 million2.5%
MozambiqueUS$153 million2.1%
ZambiaUS$106 million1.5%
United StatesUS$100 million1.4%
GermanyUS$81 million1.1%
JapanUS$75 million1.1%

Source: UN Comtrade, 2024. Method

What Botswana buys, 2024

The 8 largest product chapters in imports.

Pearls, precious stones and metalsUS$1.3 billion18.3%
Mineral fuels and oilsUS$1.2 billion17.4%
Machinery and mechanical appliancesUS$621 million8.7%
VehiclesUS$518 million7.3%
Electrical machinery and equipmentUS$420 million5.9%
CerealsUS$205 million2.9%
BeveragesUS$180 million2.5%
Iron or steel articlesUS$178 million2.5%

Source: UN Comtrade, 2024. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

-4.0bn-2.0bn02.0bn20152017201920212023Trade balance 2015: -US$1.7 billion (exports US$6.3 billion, imports US$8.0 billion)Trade balance 2016: US$1.2 billion (exports US$7.3 billion, imports US$6.1 billion)Trade balance 2017: US$624 million (exports US$6.0 billion, imports US$5.3 billion)Trade balance 2018: US$257 million (exports US$6.7 billion, imports US$6.5 billion)Trade balance 2019: -US$1.3 billion (exports US$5.3 billion, imports US$6.7 billion)Trade balance 2020: -US$2.2 billion (exports US$4.4 billion, imports US$6.6 billion)Trade balance 2021: -US$988 million (exports US$7.5 billion, imports US$8.5 billion)Trade balance 2022: US$300 million (exports US$8.4 billion, imports US$8.1 billion)Trade balance 2023: -US$915 million (exports US$5.5 billion, imports US$6.4 billion)Trade balance 2024: -US$3.2 billion (exports US$3.9 billion, imports US$7.1 billion)

Source: UN Comtrade, 2024. Method

Remittances against foreign direct investment in Botswana

Foreign direct investment net inflows were negative in 2021 and 2025: more investment left Botswana than came in.

Remittances receivedForeign direct investment, net inflows
-1.0bn-500m0500m1.0bn201520172019202120232025Remittances 2015: US$30 millionRemittances 2016: US$25 millionRemittances 2017: US$39 millionRemittances 2018: US$44 millionRemittances 2019: US$59 millionRemittances 2020: US$44 millionRemittances 2021: US$61 millionRemittances 2022: US$62 millionRemittances 2023: US$70 millionRemittances 2024: US$128 millionRemittances 2025: US$165 millionForeign direct investment 2015: US$379 millionForeign direct investment 2016: US$143 millionForeign direct investment 2017: US$261 millionForeign direct investment 2018: US$286 millionForeign direct investment 2019: US$94 millionForeign direct investment 2020: US$32 millionForeign direct investment 2021: -US$319 millionForeign direct investment 2022: US$710 millionForeign direct investment 2023: US$742 millionForeign direct investment 2024: US$578 millionForeign direct investment 2025: -US$649 million

Source: World Bank, 2026. Method

Remittances and investment as a share of GDP

The same two flows measured against the size of the economy.

Remittances, share of GDPForeign direct investment, share of GDP
-4%-2%0%2%4%201520172019202120232025Remittances 2015: 0.2%Remittances 2016: 0.2%Remittances 2017: 0.2%Remittances 2018: 0.3%Remittances 2019: 0.4%Remittances 2020: 0.3%Remittances 2021: 0.3%Remittances 2022: 0.3%Remittances 2023: 0.4%Remittances 2024: 0.7%Remittances 2025: 0.8%Foreign direct investment 2015: 2.8%Foreign direct investment 2016: 0.9%Foreign direct investment 2017: 1.6%Foreign direct investment 2018: 1.7%Foreign direct investment 2019: 0.6%Foreign direct investment 2020: 0.2%Foreign direct investment 2021: -1.7%Foreign direct investment 2022: 3.5%Foreign direct investment 2023: 3.8%Foreign direct investment 2024: 3.0%Foreign direct investment 2025: -3.3%

Source: World Bank, 2026. Method

Who Botswana owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

Multilateral creditors held 75% of Botswana's external debt stock in 2024.

MultilateralBilateralRest of the totalPublic debt owed to China
01.0bn2.0bn3.0bn20152017201920212023Multilateral 2015: US$1.7 billionBilateral 2015: US$69 millionRest of the total 2015: US$495 millionMultilateral 2016: US$1.6 billionBilateral 2016: US$67 millionRest of the total 2016: US$478 millionMultilateral 2017: US$1.5 billionBilateral 2017: US$57 millionRest of the total 2017: US$203 millionMultilateral 2018: US$1.4 billionBilateral 2018: US$54 millionRest of the total 2018: US$335 millionMultilateral 2019: US$1.3 billionBilateral 2019: US$48 millionRest of the total 2019: US$231 millionMultilateral 2020: US$1.2 billionBilateral 2020: US$44 millionRest of the total 2020: US$319 millionMultilateral 2021: US$1.4 billionBilateral 2021: US$36 millionRest of the total 2021: US$515 millionMultilateral 2022: US$1.5 billionBilateral 2022: US$29 millionRest of the total 2022: US$444 millionMultilateral 2023: US$1.4 billionBilateral 2023: US$134 millionRest of the total 2023: US$621 millionMultilateral 2024: US$1.7 billionBilateral 2024: US$120 millionRest of the total 2024: US$466 millionPublic debt owed to China 2015: US$45 millionPublic debt owed to China 2016: US$34 millionPublic debt owed to China 2017: US$28 millionPublic debt owed to China 2018: US$19 millionPublic debt owed to China 2019: US$13 millionPublic debt owed to China 2020: US$9.1 millionPublic debt owed to China 2021: US$3.8 millionPublic debt owed to China 2022: US$0Public debt owed to China 2023: US$0

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

Reserves, US$Months of imports
02.0bn4.0bn6.0bn8.0bn05101520152017201920212023Reserves 2015: US$7.5 billionReserves 2016: US$7.2 billionReserves 2017: US$7.5 billionReserves 2018: US$6.7 billionReserves 2019: US$6.2 billionReserves 2020: US$4.9 billionReserves 2021: US$4.8 billionReserves 2022: US$4.3 billionReserves 2023: US$4.8 billionReserves 2024: US$3.5 billionMonths of imports 2015: 10.3 monthsMonths of imports 2016: 10.2 monthsMonths of imports 2017: 11.4 monthsMonths of imports 2018: 8.7 monthsMonths of imports 2019: 8.4 monthsMonths of imports 2020: 7.7 monthsMonths of imports 2021: 6.0 monthsMonths of imports 2022: 5.0 monthsMonths of imports 2023: 7.2 monthsMonths of imports 2024: 4.7 months

Source: World Bank, 2026. Method

Aid received by Botswana

Net official development assistance and official aid received.

0100m200m300m20152017201920212023Aid received 2015: US$66 millionAid received 2016: US$91 millionAid received 2017: US$102 millionAid received 2018: US$86 millionAid received 2019: US$68 millionAid received 2020: US$80 millionAid received 2021: US$98 millionAid received 2022: US$91 millionAid received 2023: US$285 million

Source: World Bank, 2026. Method