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Economy grew 11.4% in 2021, fastest since 1989

High hopes: Finance minister, Peggy Serame expects the economy to expand by 4.3 percent this year PIC: PHATSIMO KAPENG
High hopes: Finance minister, Peggy Serame expects the economy to expand by 4.3 percent this year PIC: PHATSIMO KAPENG

The country’s real Gross Domestic Product rose by 11.4% last year, the highest annual growth rate since 1989 and a rebound from a record contraction in 2020, as an economist cautioned that the economy was still working back to its pre-pandemic trend path.

Figures provided by Statistics Botswana recently indicate that diamonds anchored growth last year, as both resurgent demand for the precious stones and relaxed border movements helped the sector’s performance.

“Diamond Traders recorded a massive growth of 78% as opposed to a decline of 36.7% recorded in the previous year,” Statistics Botswana researchers said in an update.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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