Spearheading Botswana’s economic growth

Despite this, the Botswana economy has shown strong resilience and grew by 11.8% in 2021, the fastest growth rate in sub-Saharan Africa. The growth is expected to continue in 2022, with the economy estimated to grow by 6.7 percent once Statistics Botswana has validated it on their end.

In 2023 and 2024, growth is projected atfour percent and 5.1 percent respectively, due to better-than-expected performance of the mining and non-mining sectors. However, there are macro-fiscal risks such as slowing growth and a possible recession in advanced countries, which may affect diamond sales, rising COVID-19 infections in China, and global inflation risks.