Botswana

The country card for Botswana: the growth identity’s three terms, population and output, external debt by creditor and the data-quality flag, each with its source.
BWA Gaborone · Southern Africa Confidence: medium
Pole types
productivity platform
Regional communities
SADC
Currency
BWP (P), pegged to a basket
Official languages
en, tn

VintagesWEO April 2026WDI pulled 25 October 2026IDS 2025 (December 2025 release)WPP 2024, medium variantLast refreshed 25 October 2026About the data

The identity

GDP growth is output-per-worker growth plus growth in the employment-to-working-age ratio plus working-age population growth. All three are annual growth rates, so the bar adds.

0Output per worker: -0.11% a yearEmployment-to-working-age ratio: +0.41% a yearWorking-age population (15-64): +1.78% a yearimplied: +2.09% a yearimplied +2.09%observed: +2.09% a yearobserved +2.09%= 0.2 percentage points a year
Growth accounting over 2014-2024. Terms stack away from zero and add to the implied growth rate, which is marked against observed GDP growth on the same scale. A hatched block is a term not yet on the card: it is parked at the right, carries no width, and holds the sum back rather than letting a missing number pass as zero. Implied minus observed: -0.01 percentage points.
  • Output per worker-0.11%
  • Employment-to-working-age ratio+0.41%
  • Working-age population (15-64)+1.78%
  • Observed GDP growth+2.09%
  • Implied (the three terms summed)+2.09%
Overlay (beside the bar, never inside it) Value
Wage employment share 71.8%
Non-agricultural employment share 81.9%
Employment rate, women 46.0%
Employment rate, men 58.6%
Youth not in employment, education or training 38.0%
Productivity growth, within-sector -1.62%
Productivity growth, between-sector +0.38%
Wage employment source ILO-modelled-employees

Generative-AI exposure: 2.5 percent of employment in the most exposed occupations (gradient 4 of the ILO's 2025 index). This is the book's estimate, not an ILO figure: the index's occupation gradients weighted by labour-force survey employment in two-digit occupation groups, 2024. Beside the bar, never inside it: it is a share, not a growth rate.

Population path

2.5m20243.4m20503.8m2100
Total population, three WPP 2024 medium-variant anchor years. The cards carry totals only, not age structure, so this is a path and not a pyramid.
  • Population, 20242.5 million
  • Population, 20503.4 million
  • Population, 21003.8 million
  • Median age23.2 years
  • Total fertility rate2.70 births per woman
  • Dependency ratio56.6 per 100 of working age

Output

Levels are the IMF’s April 2026 estimates for 2025, with the World Bank’s most recent published year standing in where the IMF publishes no figure for this country. Observed growth is over the same window as the identity above, and the forecast runs five years out.

Field Value
GDP $19.5bn
GDP per capita $7,662
GDP at PPP $52.9bn
Observed GDP growth +2.09%
GDP growth, five-year forecast +3.56%
Urban share 68.0%
Informal employment share 75.6%
Largest city Gaborone
Largest city population 424 thousand
Largest city population, 2050 785 thousand

External debt

Multilateral: $1.73bnOther bilateral: $0.12bnNot split by the IDS creditor classes: $0.47bn$0bn$2.3bn
External debt by creditor class, IDS 2025. The classes shown cover $1.85bn of a $2.32bn stock; the grey remainder is debt the IDS creditor split does not assign here. A creditor class with no bar is one not yet on the card; it is not a zero. The bar stacks the three classes that divide publicly guaranteed debt by type of creditor and add up to it. The three lines below the rule cut the same total a different way, so they belong inside it and never beside it.
  • Multilateral$1.7bn
  • Other bilateral$0.1bn
  • Other private$0.0bn
  • Eurobonds, of which bonds, inside other privatenot yet fetched
  • Paris Club, of which owed to Paris Club members, across all three$0.1bn
  • China, of which owed to China, across all threenot yet fetched
  • Total external debt stock$2.3bn
IDS 2025, debt owed to Chinanot yet fetchedBU CLA, cumulative commitments$1.0bn
The gap between the two is not yet computable: one of the two series is still null. They are different things in any case -- IDS records debt outstanding, the BU database records loan commitments -- so the card sets them side by side rather than netting them.
  • IDS 2025, owed to Chinanot yet fetched
  • BU CLA, cumulative commitments$1.0bn
Field Value
Debt service due 2026-2030 $1.2bn
Eurobonds outstanding not yet fetched
Restructuring status none
Collateralized or resource-backed debt not yet fetched
S&P rating not yet fetched
Moody's rating not yet fetched
Fitch rating not yet fetched

Exports and the balance sheet

Field Value
Top three exports Pearls, precious & semi-precious stones (SITC 667): 80.9%; Copper ores and concentrates; copper mattes, cemen (SITC 283): 7.4%; Equipment for distributing electricity, n.e.s. (SITC 773): 2.5%
Commodity dependence 93.4%
Remittances received $0.2bn
Foreign direct investment $-0.6bn
Official development assistance $0.3bn
AfCFTA status ratified
PAPSS member no
Afrobarometer lived poverty index 1.25

Data quality

Last census 2022. Last GDP rebase not recorded. Last labour-force survey 2024. SPI 64.2. Reports to the IMF under e-GDDS. Confidence: medium.The rule: high means a census within fifteen years, an SPI score of 70 or better and a labour-force survey within five years; one failure is medium, two or more failures or a census before 2000 is low, and the flag is left uncomputed when one of the three inputs is itself missing (the rule, and the reasons to argue with it, on the About the data page).

Field Value
WPP estimate basis not recorded
Climate vulnerability low
Fragility not on the FCS list

Census: 2022 Population and Housing Census, 2,359,609 enumerated (2011: 2,038,228). LFS: Statistics Botswana Quarterly Multi-Topic Survey labour force module, Q1 2024; recorded as the labour-force source since the stand-alone BMTHS was 2015/16. Rebase: World Economics reports a 2016 base year; no dated Statistics Botswana rebasing publication was sourced. Standard: Botswana was the first IMF member to implement the e-GDDS recommendations and publishes an NSDP; see also https://dsbb.imf.org/e-gdds/data-integrity-report/country/BWA/category/BWXNSO00

The shelf

The latest reports on this country from the Fund and the Bank. Each line under “what it argued” is the publisher's own summary, quoted, not a paraphrase; where a summary says nothing the line is blank. A country with no Article IV consultation in the last three years says so, with the report that establishes it.

Report What it argued
IMF Article IV2025 Article IV ConsultationIMF · December 2025 · No. 2025/325Ch. 10Ch. 21Ch. 37 “The 2025 Article IV Consultation discusses that Botswana’s economic outlook has deteriorated markedly over the last twelve months as the decline in the demand for natural diamonds has been sharper—and is expected to be more persistent—than anticipated.”IMF, abstract of Country Report No. 2025/325
IMF Selected IssuesSelected IssuesIMF · December 2025 · No. 2025/326Ch. 10Ch. 37 “This Selected Issues paper examines Botswana’s growth constraints using a dual approach. This paper contributes to the policy dialogue on Botswana’s growth trajectory by identifying the key impediments facing domestic firms and the broader private sector.”IMF, abstract of Country Report No. 2025/326
World Bank country economic memorandumBotswana - Country Economic Memorandum : In Search of New Drivers of Inclusive GrowthWorld Bank · 1 May 2024 · No. 190688Ch. 37 “Botswana aspires to become a high-income economy and eradicate extreme poverty by 2036, but it has shifted from a top to a mid-range performer over the past decade.”World Bank, abstract of report no. 190688 in Documents & Reports

Sources

Numbers on this card were last refreshed on 25 October 2026.

Release behind this card Last pulled
African Union AfCFTA signature and ratification register 25 October 2026
Africapolis 2025 25 October 2026
Afrobarometer Round 9 lived-poverty index 25 October 2026
Boston University Chinese Loans to Africa database, 2000-2024 25 October 2026
GGDC Economic Transformation Database 25 October 2026
ILO modelled estimates, November 2025 25 October 2026
IMF World Economic Outlook, April 2026 13 September 2026
ND-GAIN Country Index, 2026 release 25 October 2026
PAPSS Payments Network Coverage sheet 25 October 2026
UN World Population Prospects 2024, medium variant Not recorded
UNCTADstat merchandise trade matrix 25 October 2026
World Bank Group FY26 list of fragile and conflict-affected situations 25 October 2026
World Bank International Debt Statistics 2025 25 October 2026
World Bank Statistical Performance Indicators 25 October 2026
World Bank World Development Indicators 25 October 2026
World Bank World Development Indicators, cross-border flows 25 October 2026
hand-entered Not pulled
derived here from the three identity terms Not pulled
Field on this page Where the number comes from
AfCFTA status African Union AfCFTA signature and ratification register (22/05/2026)
Afrobarometer lived poverty index Afrobarometer Round 9 lived-poverty index, 2022 observation
Chinese loan commitments, cumulative Boston University Chinese Loans to Africa database, 2000-2024
Climate vulnerability ND-GAIN Country Index, 2026 release, 2024 observation
Commodity dependence UNCTADstat merchandise trade matrix, 2025 observation
Debt service due 2026-2030 World Bank International Debt Statistics 2025 (2026-2030)
Dependency ratio UN World Population Prospects 2024, medium variant
Employment rate, men ILO modelled estimates, November 2025, 2024 observation
Employment rate, women ILO modelled estimates, November 2025, 2024 observation
Employment-to-working-age growth ILO modelled estimates, November 2025, 2024 observation
External debt stock World Bank International Debt Statistics 2025
Foreign direct investment World Bank World Development Indicators, cross-border flows, 2025 observation
Fragility World Bank Group FY26 list of fragile and conflict-affected situations
GDP IMF World Economic Outlook, April 2026, 2025 observation
GDP at PPP IMF World Economic Outlook, April 2026, 2025 observation
GDP growth, five-year forecast IMF World Economic Outlook, April 2026, 2030 observation
GDP per capita IMF World Economic Outlook, April 2026, 2025 observation
Identity window UN World Population Prospects 2024, medium variant
IMF dissemination standard Hand-entered, cited to www.bankofbotswana.bw/content/national-summary-da…
Implied GDP growth derived here from the three identity terms
Informal employment share ILO modelled estimates, November 2025, 2024 observation
Largest city Africapolis 2025, 2025 observation
Largest city population Africapolis 2025, 2025 observation
Largest city population, 2050 Africapolis 2025, 2050 observation
Last census Hand-entered, cited to www.statsbots.org.bw/census-2022
Last labour-force survey Hand-entered, cited to www.statsbots.org.bw/sites/default/files/Quarterl…
Median age UN World Population Prospects 2024, medium variant
Non-agricultural employment share ILO modelled estimates, November 2025, 2024 observation
Observed GDP growth IMF World Economic Outlook, April 2026, 2024 observation
Official development assistance World Bank World Development Indicators, cross-border flows, 2023 observation
Output per worker growth ILO modelled estimates, November 2025, 2024 observation
Owed to multilaterals World Bank International Debt Statistics 2025
Owed to other bilaterals World Bank International Debt Statistics 2025
Owed to other private creditors World Bank International Debt Statistics 2025
Owed to Paris Club creditors World Bank International Debt Statistics 2025, 2024 observation
PAPSS member PAPSS Payments Network Coverage sheet (June 2026)
Population, 2024 UN World Population Prospects 2024, medium variant
Population, 2050 UN World Population Prospects 2024, medium variant
Population, 2100 UN World Population Prospects 2024, medium variant
Productivity growth, between-sector GGDC Economic Transformation Database, 2018 observation
Productivity growth, within-sector GGDC Economic Transformation Database, 2018 observation
Remittances received World Bank World Development Indicators, cross-border flows, 2025 observation
Restructuring status Hand-entered, cited to clubdeparis.org/en/sites/clubdeparis/accueil/pays…
Statistical Performance Indicators score World Bank Statistical Performance Indicators
Top three exports UNCTADstat merchandise trade matrix, 2025 observation
Total fertility rate UN World Population Prospects 2024, medium variant
Urban share World Bank World Development Indicators, 2025 observation
Wage employment share ILO modelled estimates, November 2025, 2024 observation
Wage employment source ILO modelled estimates, November 2025, 2024 observation
Working-age population growth (15-64) UN World Population Prospects 2024, medium variant
Youth not in employment, education or training ILO modelled estimates, November 2025, 2024 observation

Card schema african-economic-future/country_card/v1, built 2026-10-25. The release behind each key, and the day each was last pulled, are listed on the About the data page, and the record behind this page is one of the fifty-four in cards.csv and cards.json.

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