In brief

The president, Mokgweetsi Masisi, and his Botswana Democratic Party will remain in power during 2022-26, with limited risks to political stability. International concerns about poor anti-money-laundering controls will continue to limit the growth of Botswana’s private sector in 2022. Botswana’s economic growth will accelerate in 2022 in line with our expectations of a strengthening mineral outlook and increased diamond demand from China and India. The fallout from the Russia-Ukraine conflict will be a major drag on growth as food and fuel price inflation disrupts business activity, dampens consumer demand and increases pressure on the external position.

Read more: Africa’s mining operations will benefit from elevated prices

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Economic growth

Expenditure on GDP

(% real change)

= 2022

= 2023

Private consumption

Government consumption

Gross fixed investment

Exports of goods & services

Imports of goods & services

Source: The Economist Intelligence Unit