Diamonds, Morupule B power GDP data

Morupule B
Morupule B

Recovery in diamond production coupled with the coming on stream of first power from the troubled Morupule B drove economic activity, measured by Gross Domestic Product (GDP), in the third quarter of 2013.

According to recently released numbers by Statistics Botswana, real GDP increased by 7.1 percent in the third quarter of 2013 compared to an increase of 2.9 percent realised in the same quarter of 2012. In the first and second quarters of 2013, the economy grew by 4.5 and 7.4 percent on the annual basis respectively.

The substantial third quarter growth is attributed to mining, water and electricity and general government which recorded higher growths of 21.2, 68.2 and 7.2 percent respectively.

Editor's Comment
Let us all go to vote

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