National income accounting is a government bookkeeping system that measures a country’s economic activity offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.
The National Accounts Unit compiles annual and quarterly estimates of gross domestic product, from both the production and expenditure approaches, at current and constant prices. Botswana’s national accounts statistics are compiled in accordance with international standards contained in the System of National Accounts (SNA), in particular SNA 2008. The System of National Accounts is the internationally agreed standard set of recommendations on how to compile measures of economic activity in accordance with strict accounting conventions based on economic principles.
The compilation of annual and quarterly national accounts is based on a combination of data from surveys and administrative records. Statistics Botswana maintains an Enterprise and Establishment Register which keeps a list of all enterprises and establishments in Botswana and serves as a sample frame for annual and quarterly business surveys, the most important of which is the Annual Economic Survey and the Survey of Recent Trends. The surveys are on an enterprise/establishment basis and the compilation of GDP by production approach is mainly based on them.
| Key figures at the constant price (2022 Q1 Annual percentage growths) | |
|---|---|
| Total final consumption | 1.3% |
| Gross fixed capital formation | 0.9% |
| Exports of goods & services | -19.0% |
| Imports of goods & services | -12.5% |
| Gross domestic product | 7.0% |
| GDP Per Capita ( Million Pula) | Nominal GDP per capita | Real GDP per capita | Growth | |
|---|---|---|---|---|
| 2015 | 62,921.08 | 70,272.61 | -7.3% | |
| 2016 | 74,072.27 | 74,072.27 | 5.4% | |
| 2017 | 73,856.92 | 75,865.40 | 2.4% | |
| 2018 | 75,381.33 | 77,689.12 | 2.4% | |
| 2019 | 76,815.33 | 78,815.76 | 1.5% | |
| 2020 | 72,662.90 | 70,567.11 | -10.5% | |
| 2021 | 72,026.70 | 77,499.20 | 9.82% |
What is the income level of Botswana?
Economy of Botswana
| Statistics | |
|---|---|
| GDP per capita | $7,859 (nominal, 2019 est.) $18,558 (PPP, 2019 est.) |
| GDP per capita rank | 78th (nominal, 2019) 75th (PPP, 2018) |
| GDP by sector | agriculture: 1.8% industry: 27.5% services: 70.6% (2017 est.) |
| Inflation (CPI) | 2.1% (2020 est.) |
What is the national accounts’ GDP?
GDP is the central measure of national accounts, which summarises the economic position of a country (or region). It can be calculated using different approaches: the output approach; the expenditure approach; and the income approach.
Is there income inequality in Botswana?
July 23, 2021. Botswana is currently one of the most unequal countries globally, having the 9th highest Gini coefficient, indicating the degree of inequality of incomes, according to the most recent UNDP report (2020).
Is Botswana a low-income country?
In the nearly five decades since, Botswana has transformed itself, moving into the ranks of upper middle-income status to become one of the fastest-growing economies in the world, with an average annual growth rate of about 9 percent. Botswana takes pride in its mature democracy.