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Economy generally grows past pre-COVID levels

Thursday, April 06, 2023 | 640 Views |

Tough times: The lockdowns and travel bans of 2020 depressed the economy which still bears some of the impact even today PIC: MORERI SEJAKGOMO

The economy expanded by 5.8 percent last year driven by strong output from diamond trade, mining and manufacturing, a performance that has helped most sectors surpass their pre-pandemic levels, BusinessWeek has established.

According to figures released by Statistics Botswana last Friday, the water and electricity sector led the pack in terms of growth last year with 48.6%, while value added by diamond traders rose 17.6% followed by manufacturing with 8.2 percent and mining/quarrying with 7.5 percent.

In terms of their contributions to the Gross Domestic Product (GDP), the measure of economic activity, mining and quarrying leads the pack, followed by public administration and defence, and the construction and wholesale industries.

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Economy generally grows past pre-COVID levels

The economy expanded by 5.8 percent last year driven by strong output from diamond trade, mining and manufacturing, a performance that has helped most sectors surpass their pre-pandemic levels, BusinessWeek has established.