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Botswana boasts a GDP (purchasing power parity) per capita of about $18,825 per year as of 2015, which is one of the highest in Africa. [1] Its high gross national income (by some estimates the fourth-largest in Africa) gives the country a modest standard of living and the highest Human Development Index of continental Sub-Saharan Africa .
Botswana has a growing financial sector, and the country's national stock market, the Botswana Stock Exchange (BSE), based in Gaborone, is given the responsibility to operate and regulate the equities and fixed interest securities market. Formally established in 1989, the BSE continues to be pivotal to Botswana's financial system, and in ...
In the mid-1980s, South Africa attacked Botswana and conducted raids on Gaborone and other border towns. The Raid on Gaborone resulted in twelve deaths. After the 1994 General Elections, riots started in Gaborone because of high unemployment and other issues. [31] Today, Gaborone is growing very rapidly.
Botswana, [c] officially the Republic of Botswana, [d] is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the south and southeast, Namibia to the west and north, Zambia to the north and Zimbabwe to the northeast.
As of 2024, Botswana is the third-least corrupt country in Africa, according to the Corruption Perceptions Index published by Transparency International. The economy is dominated by mining and tourism. Botswana has a per capita GDP (purchasing power parity) of about $20,158 as of 2024. Botswana is the world's biggest diamond-producing country.
Today, it has one of the highest levels of scientific productivity per capita in sub-Saharan Africa (103), behind South Africa on 364. [ 1 ] [ 12 ] Between 2008 and 2014, scientists from Botswana collaborated primarily with their peers from the United States of America, followed by South Africa, the UK, Canada and Germany, according to Thomson ...
Lawmakers have also expressed concern about the rising number of unskilled Chinese labourers coming to Botswana to work in jobs such as ditch-digging, even in deep rural areas. [11] According to government records in 2006, there were 1,094 Chinese citizens legally registered to work in the construction industry in Botswana, slightly more than a ...
GDP per capita of Botswana from 1950 to 2016. Diamonds have had a large impact on Botswana's economy. The discovery of diamonds in Botswana during the 1960s triggered a global notable economic transformation, elevating the country from one of the poorest in the world to an economically wealthy country in Africa. [3] [7] [9]