Batswana enjoy fifth highest standard of living in Africa

An annual survey by New York-based financial magazine, Global Finance, reveals that Botswana's purchasing power parity (PPP) per capita in Africa is lower only than Libya, Gabon, Equatorial Guinea and Seychelles.

While the first three countries are powered by oil revenues, Seychelle's success is linked to its world-leading tourism sector and status. According to the survey, Botswana's PPP per capita - the generally used measure of comparative standards of living - was equivalent to US$14,792 (P96,148) last year, compared to US$13,992 (P90,948) in 2009.