Services sector anchors economic growth

Lansmore Hotel
Lansmore Hotel

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.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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