Services sector anchors economic growth

Friday, October 02, 2015

The services sector was again the driver of economic growth in the second quarter of the year as slowing diamond production continued to negatively affect the mining industry’s contribution.

Data released by Statistics Botswana (SB) this week shows that economic growth as measured by Real Gross Domestic Product (GDP) went up by 2.5 percent in the second quarter of 2015 compared to 3.4 percent realised in the same quarter in 2014.

Economic sectors that recorded positive economic growth include trade and hotel, finance and business services sector while the mining and electricity and water sector registered negative growth.

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Services sector anchors economic growth

The services sector was again the driver of economic growth in the second quarter of the year as slowing diamond production continued to negatively affect the mining industry’s contribution.