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Botswana has maintained one of the world's highest economic growth rates since independence in 1966, though growth fell below 5% in 2007-08, and turned sharply negative in 2009, with industry falling nearly 30%. Through fiscal discipline and sound management, Botswana transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of $14,100 in 2008. Two major investment services rank Botswana as the best credit risk in Africa. Diamond mining has fueled much of the expansion and currently accounts for more than one-third of GDP, 70-80% of export earnings, and about half of the government's revenues. Botswana's heavy reliance on a single luxury export was a critical factor in the sharp economic contraction of 2009. Tourism, financial services, subsistence farming, and cattle raising are other key sectors. Although unemployment was 7.5% in 2007 according to official reports, unofficial estimates place it closer to 40%. The prevalence of HIV/AIDS is second highest in the world and threaten Botswana's impressive economic gains. An expected leveling off in diamond mining production within the next two decades overshadows long-term prospects.
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$25.41 billion (2009 est.)
country comparison to the world: 112
$26.87 billion (2008 est.)
$26.11 billion (2007 est.)
note:
data are in 2009 US dollars
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$11.63 billion (2009 est.)
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-5.4% (2009 est.)
country comparison to the world: 190
2.9% (2008 est.)
4.4% (2007 est.)
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$12,800 (2009 est.)
country comparison to the world: 86
$13,800 (2008 est.)
$13,600 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 2.3%
industry:
45.8%
services:
51.9% (2008 est.)
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685,300 formal sector employees (2007)
country comparison to the world: 150
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agriculture: NA%
industry:
NA%
services:
NA%
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7.5% (2007 est.)
country comparison to the world: 69
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30.3% (2003)
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lowest 10%: NA%
highest 10%:
NA%
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63 (1993)
country comparison to the world: 4
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26% of GDP (2009 est.)
country comparison to the world: 39
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revenues: $3.88 billion
expenditures:
$6.112 billion (2009 est.)
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17.9% of GDP (2009 est.)
country comparison to the world: 107
6.6% of GDP (2008 est.)
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8.1% (2009 est.)
country comparison to the world: 182
12.6% (2008 est.)
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15% (31 December 2008)
country comparison to the world: 18
14.5% (31 December 2007)
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16.54% (31 December 2008)
country comparison to the world: 39
16.22% (31 December 2007)
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$1.008 billion (31 December 2008)
country comparison to the world: 114
$1.026 billion (31 December 2007)
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$4.183 billion (31 December 2008)
country comparison to the world: 90
$4.336 billion (31 December 2007)
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$NA
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$4.283 billion (31 December 2009)
country comparison to the world: 87
$3.556 billion (31 December 2008)
$5.887 billion (31 December 2007)
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livestock, sorghum, maize, millet, beans, sunflowers, groundnuts
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diamonds, copper, nickel, salt, soda ash, potash; livestock processing; textiles
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-19.9% (2009 est.)
country comparison to the world: 161
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1.052 billion kWh (2007 est.)
country comparison to the world: 144
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2.648 billion kWh (2007 est.)
country comparison to the world: 130
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0 kWh (2008 est.)
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2.181 billion kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 119
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15,000 bbl/day (2009 est.)
country comparison to the world: 138
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0 bbl/day (2007 est.)
country comparison to the world: 208
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15,180 bbl/day (2007 est.)
country comparison to the world: 124
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0 bbl (1 January 2009 est.)
country comparison to the world: 199
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0 cu m (2008 est.)
country comparison to the world: 202
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0 cu m (2008 est.)
country comparison to the world: 114
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0 cu m (2008 est.)
country comparison to the world: 51
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0 cu m (2008 est.)
country comparison to the world: 78
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0 cu m (1 January 2009 est.)
country comparison to the world: 198
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-$758 million (2009 est.)
country comparison to the world: 124
$502.2 million (2008 est.)
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$3.382 billion (2009 est.)
country comparison to the world: 120
$4.707 billion (2008 est.)
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diamonds, copper, nickel, soda ash, meat, textiles
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$4.24 billion (2009 est.)
country comparison to the world: 119
$4.488 billion (2008 est.)
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foodstuffs, machinery, electrical goods, transport equipment, textiles, fuel and petroleum products, wood and paper products, metal and metal products
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$8.704 billion (31 December 2009 est.)
country comparison to the world: 72
$9.119 billion (31 December 2008 est.)
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$1.651 billion (31 December 2009 est.)
country comparison to the world: 138
$409 million (31 December 2008 est.)
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pulas (BWP) per US dollar - 7.4632 (2009), 6.7907 (2008), 6.2035 (2007), 5.8447 (2006), 5.1104 (2005)
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