Trade Performance Review 2005: Botswana

Year of publication: 
2005
Author(s): 
Sydney Mogape
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Prior to independence in 1966, Botswana was one of the poorest countries in the world, with an economy that was largely based on agriculture (accounting for 39% of GDP) and some tourism (Owusu et al, 1997). However, the share of agriculture progressively declined as the mining industry rose to prominence.

The bulk of mining's contribution emanated from the lucrative diamond industry, as Botswana became the world's leading diamond producer (National Development Plan 9, 2003). The sector's share of GDP grew from a negligible base at the time of independence to 36.5% in 2000/01, having reached a high point of 52.6% in 1983/84. All diamonds are exported to the UK. Mineral resources, combined with prudent economic management, led to rapid growth, which improved Botswana's ranking from a low- to a middle-income country.

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