Overview of Botswana
Botswana is landlocked country located in the southern region of African which has boundaries with countries like Namibia, South Africa, Zimbabwe Zambia and Angola with a landscape defined by the Kalahari Desert and Okavango Delta.
Botswana has a population of over 2 million which makes the 48th largest country in the world. Despite its geographical position, Botswana has had one of the fastest growth rates in per capita income in the world. By one estimate, it has the fourth highest gross national income at purchasing power parity in Africa. Having a good purchasing power, this African market is a place to explore by African exporter under AfCFTA.
Economic Snapshots
Botswana is completely landlocked and it is located north of South Africa and predominantly a Christian country. The official language of Botswana is English although 77.3% speak Setswana. It has an upper middle income level with a total GDP of over $18 billion USD in which agriculture industry and services accounts for 1.8%, 27.5% and services 70.6% respectively in 2019.
It GDP per capita is estimated at $7,660 USD in 2019 while the household consumption of the GDP was 48.5%. Inflation rate is at con 2.7% (2019 est), the literacy level stands at 88.50%, while the level of urbanization is 71.6% as at 2021.
Botswana’s population below 25 years is 39.67% and above 25-54 year is 39.67%. The major products produced livestock, maize, sorghum, millet, beans, groundnuts, diamonds, cooper, salts, soda ash, coal, iron ore, silver , textile and beef processing.