Botswana slips in world competitiveness rankings

Monday, June 26, 2023 | 650 Views |

Neighbourly rivalry: Trucks entering Zambia from Botswana. Export competitiveness is an increasingly urgent priority for the local private sector and government policy makers PIC: PHATSIMO KAPENG

Botswana has dropped one notch in the latest global competitiveness rankings compiled by the Swiss-based Institute of Management Development (IMD), with local researchers noting disturbing regression across several key indicators.

This year a total of 64 middle and high-income economies were assessed, in the IMD’s World Competitiveness Yearbook, with only Botswana and South Africa participating from Africa. Though similar to the World Economic Forum’s (WEF) more well-known Global Competitive Reports, the IMD assessment provides a more in-depth analysis to guide focused actions.

Botswana signed up for the competitiveness yearbook three years ago, while the WEF’s analysis has been in limbo since 2020.

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