Economy grew 11.4% in 2021, fastest since 1989

High hopes: Finance minister, Peggy Serame expects the economy to expand by 4.3 percent this year PIC: PHATSIMO KAPENG
High hopes: Finance minister, Peggy Serame expects the economy to expand by 4.3 percent this year PIC: PHATSIMO KAPENG

The country’s real Gross Domestic Product rose by 11.4% last year, the highest annual growth rate since 1989 and a rebound from a record contraction in 2020, as an economist cautioned that the economy was still working back to its pre-pandemic trend path.

Figures provided by Statistics Botswana recently indicate that diamonds anchored growth last year, as both resurgent demand for the precious stones and relaxed border movements helped the sector’s performance.

“Diamond Traders recorded a massive growth of 78% as opposed to a decline of 36.7% recorded in the previous year,” Statistics Botswana researchers said in an update.

Editor's Comment
Our queen: Bring home the crown

Well-wishers gathered at the Sir Seretse Khama International Airport to bid our queen farewell and wish her success as she joins other beauties from around the globe for the coveted crown. Competing in such events is nerve-wracking, and one needs to be fully prepared to stand a chance of making it as a finalist.It is not just about physical fitness; mental state matters too. Unfortunately, sometimes our queens end up facing such fierce...

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