Economy grew by 3% in 2019

Figures released by Statistics Botswana this morning show that 2019’s growth was the lowest since 2015, when the economy shrank by 1.7 pecent due to an across the board slowdown in the mining sector. Government had expected the economy to grow by 3.6 percent in 2019, while the International Monetary Fund had projected 3.5 percent. 

The economy grew by 1.6 percent year-on-year in the fourth quarter of 2019, compared to 3.1 percent in the third quarter, three percent in the second and 4.2 percent in the first.