Source: world bank Nominal/PPP
Summary:
Botswana GDP Per Capita expanded from 1960 to 2024, increasing from $58.92 to $7,695.75 .The compound annual growth rate (CAGR) averaged 7.91% over the period. The economy recorded its peak level in 2022 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 15.73%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Botswana Economic Phases (1960 - 2024)
From 1960 to 2024, Botswana economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- High Growth (1964–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- High Growth (1986–1990) indicating robust economic expansion
- Expansion (1991–1992) indicating steady moderate growth
- Contraction (1993–1994) indicating temporary slowdown
- Expansion (1996–1997) indicating steady moderate growth
- Contraction (2001–2002) indicating temporary slowdown
- High Growth (2003–2005) indicating robust economic expansion
- Contraction (2008–2009) indicating temporary slowdown
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2016–2017) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Contraction (2023–2024) indicating temporary slowdown
The most remarkable growth occurred in 1973 with an increase of 41.613%, while the largest decline was in 2015 at -13.776%.