Half of Batswana are middle class - AfDB

Spurred on by robust economic growth over the past two decades, just under half of the Botswana population is considered to be in the middle class. However, a significant proportion is still vulnerable to economic shocks and can easily slip back into the low-income class, the African Development Bank (AfDB) says in a report released this week.

According to the report, 47 percent of Batswana are considered to be in the middle class, although only 29 percent is in the stable category (non-floating) and are therefore not susceptible to falling back into poverty in the event of exogenous shocks. The study titled; The Middle of the Pyramid: Dynamics of the Middle Class in Africa dissects the African middle class into three categories.

The lowest class (floating class) has per capita consumption levels of between P13.6 and P27.2 ($2 to $4) per day. Individuals at this level are only slightly above the developing world's poverty line of $2 per person per day.According to the report, about 18 percent of Batswana fall into this category, which translates into about 360,000 people.

Editor's Comment
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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