phone:
(202) 244-4990 or 4991
US diplomatic representation:
chief of mission:
Ambassador David PASSAGE
embassy:
address NA, Gaborone
mailing address:
P. O. Box 90, Gaborone
telephone:
[267] 353-982
FAX:
[267] 356-947
Flag:
light blue with a horizontal white-edged black stripe in the center

*Botswana, Economy

Overview:
The economy has historically been based on cattle raising and crops.
Agriculture today provides a livelihood for more than 80% of the population,
but produces only about 50% of food needs. The driving force behind the
rapid economic growth of the 1970s and 1980s has been the mining industry.
This sector, mostly on the strength of diamonds, has gone from generating
25% of GDP in 1980 to 50% in 1991. No other sector has experienced such
growth, especially not agriculture, which is plagued by erratic rainfall and
poor soils. The unemployment rate remains a problem at 25%. Although diamond
production was down slightly in 1992, substantial gains in coal output and
manufacturing helped boost the economy
National product: GDP - purchasing power equivalent - $3.6 billion (FY92 est.)
National product real growth rate:
5.8% (FY92 est.)
National product per capita:
$2,450 (FY92 est.)
Inflation rate (consumer prices):
16.5% (December 1992)
Unemployment rate:
25% (1989)
Budget:
revenues $1.7 billion; expenditures $1.99 billion, including capital
expenditures of $652 million (FY94)
Exports:
$1.6 billion (f.o.b. 1991)
commodities:
diamonds 78%, copper and nickel 8%, meat 4%
partners:
Switzerland, UK, SACU (Southern African Customs Union)
Imports:
$1.7 billion (c.i.f., 1991)
commodities:
foodstuffs, vehicles and transport equipment, textiles, petroleum products
partners:
Switzerland, SACU (Southern African Customs Union), UK, US
External debt:
$344 million (December 1991)
Industrial production:
growth rate 6.9% (1991); accounts for about 53% of GDP, including mining
Electricity:
220,000 kW capacity; 1,123 million kWh produced, 846 kWh per capita (1991)
Industries:
mining of diamonds, copper, nickel, coal, salt, soda ash, potash; livestock
processing
Agriculture:
accounts for only 5% of GDP; subsistence farming predominates; cattle
raising supports 50% of the population; must import up to of 80% of food
needs
Economic aid:
US aid, $13 million (1992); US commitments, including Ex-Im (FY70-89), $257
milli