Country Visit Data Manipulation and Analysis Training Workshop

13 Oct 2006 - 02:00
Gaborone, Botswana
Botswana is a special case when it comes to trade data checks, given that it is the only country in the region that has to do three-way exchange rate conversions. This is due to the fact that the country's trade data is first captured in Unit of Accounting (UA), which is a Rand-equivalent measure, and then converted to the US dollar as well as the local Pula. Therefore a big risk exists that mistakes can be made and data recorded incorrectly. The workshop focused on these issues, as well as trade data analysis, which looked at ways that Botswana can diversify its trade, which is currently dominated by diamonds and beef (which accounts for more than 80% of total trade). Analytical templates showed high growth rates in certain markets as well as commodities.