Mmegi

Botswana’s GDP shrinks for third consecutive quarter

Standing strong: The financial sector has consistently performed well, even resisting the COVID-19 impact in 2020 PIC: MORERI SEJAKGOMO
Standing strong: The financial sector has consistently performed well, even resisting the COVID-19 impact in 2020 PIC: MORERI SEJAKGOMO

Economic activity continued its negative growth trajectory into the third quarter of last year, as the value of goods and services produced in the country contracted by 4.3 percent.

The Gross Domestic Product (GDP), which is an aggregate measure of the value of goods and services produced within the country, has been negative for three consecutive quarters in 2024, as Botswana’s economic mainstay sectors remained subdued.

Data from Statistics Botswana released recently, showed that the main sectors of economic activity struggled to stay afloat into the third quarter with most of them contracting due to subdued demand and weak economic activity.

Editor's Comment
Kudos to Botswana Police Service, other security entities

“In any moment of decision, the best thing you can do is the right thing.”– Theodore RooseveltThrough the two-day event, over 700 athletes from 40 countries, and multitudes of spectators gathered in Gaborone to witness a world-class sporting spectacle.Beyond the medals and performances on the track, Botswana won something equally important: international respect. One of the key pillars behind the success was the sterling work done by the...

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