GROSS DOMESTIC PRODUCT

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Statistics Botswana 2014 March 2014 Statistics Botswana.

1 GROSS DOMESTIC PRODUCT No. 2014/1 FOURTH QUARTER OF 2013 STATISTICS BOTSWANA Copyrights C Statistics Botswana 2014 March 2014 Statistics Botswana. Private Bag 0024 Botswana Tel: (267) Fax: (267) csobots.@gov.bw Website:

2 Table of contents 1. Introduction Gross Domestic Product Fourth quarter GDP Annual Gross Domestic Product...5 Table 1: Value added by kind of economic activity and GDP at current prices (P million)...8 Table 2: Contribution of gross value added to GDP by kind of economic activity at current prices...9 Table 3: Value added by kind of economic activity and GDP at constant 2006 prices (P million)...10 Table 4: Percentage change in gross value added by kind of economic activity...11 Table 5: Expenditure on GDP at current prices (P Million)...12 Table 6: Expenditure on GDP at constant 2006 prices (P Million)...14 Figure 1: Real GDP growth rates (over four quarters)...4 Figure 2: Components of Gross Domestic Expenditure at 2006 prices...5 Figure 3: Annual percentage change in real GDP...6 Figure 4: Components of Gross Domestic Expenditure at constant 2006 prices GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

1. Introduction This statistical release contains preliminary Gross Domestic Product estimates at current and constant prices for the fourth quarter of 2013, as well as 2013 annual preliminary

3 1. Introduction This statistical release contains preliminary Gross Domestic Product estimates at current and constant prices for the fourth quarter of 2013, as well as 2013 annual preliminary estimates. The 2013 estimates are basically summation of the four quarters based on limited data and as such are subject to change. Botswana s national accounts are compiled according to the 1993 System of National Accounts (1993 SNA). The accounts presented in this brief adhere to the General Data Dissemination System (GDDS) of the International Monetary Fund (IMF), which sets out standards on coverage, periodicity and timeliness of data. The estimates are provisional and subject to change. First estimates are normally based on limited data and hence could not be precise and absolute. The figures are revised after receiving finalized or audited data from companies in which some differences and inconsistencies in the previously submitted data may be observed. These estimates are not seasonally adjusted hence the variations may differ depending on the quarters. Statistics Botswana GROSS DOMESTIC PRODUCT March

4 2. Gross Domestic Product 2.1 Revisions in this release Revisions have been made to the Gross Domestic Product (GDP) estimates published in December The change was due to the updated source data and has affected the following industries; Electricity, Coal, and manufacturing. Imports and Exports were revised to be in line with balance of payments figures published by the Central Bank. The 2006 figures were also aligned because as a base year, current and constant figures have to be the same. 2.2 Key figures Real Gross Domestic Product Total Final Consumption Gross Fixed Capital Formation Percentage Change Quarter-on Quarter-on Quarter-on Year-on Year Year-on Year Year-on Year Quarter Quarter Quarter First quarter Second quarter Third quarter Fourth quarter First quarter Second quarter Third quarter Fourth quarter GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

5 3. Fourth quarter GDP The estimated GDP at current prices for the fourth quarter of 2013 was P million compared to a revised level of P million registered in the third quarter of The estimated GDP at constant 2006 prices for the fourth quarter of 2013 was P million compared to P million registered in the third quarter of 2013, amounting to an increase of 3.6 percent (see table 3). Real Gross Domestic Product (GDP) increased by 4.7 percent in the fourth quarter of 2013 compared to 4.6 percent accrued in the same quarter in The slow growth is attributed to Water & Electricity which recorded a negative growth of percent; all other sectors recorded a positive growth of more than 3 percent over the period. The growth of the mining sector was sluggish in the period under review, moving from 21.2 percent in the third quarter of 2013 to 9.8 percent in the subsequent quarter (see table 4). At industry level, most of the increase was attributed to Mining and Trade, Hotels & Restaurants which increased by 9.8 and 8.8 percent respectively. The increase in real value added of the mining sector was due to a 12.1 percent increase in the diamond production. Mining continues to be the largest contributor to GDP; in the fourth quarter of 2013, its contribution to GDP stands at 19.5 percent. There was a significant decrease in the value added by the Water and Electricity sector after a positive growth of 63.5 percent realized in the third quarter of the year under review. The sector recorded a decrease of percent in the fourth quarter of 2013 compared to a decrease of 60.5 percent recorded in the same quarter of the previous year. The decline is largely by the Electricity sector which has been contributing negatively to the economy since first quarter of 2012 due to a substantial increase in intermediate consumption. Figure 1: Real GDP growth rates (over four quarters) Total final consumption expenditure recorded an increase of 2.7 percent in the fourth quarter of 2013, whereas in the same quarter of the previous year it increased by 12.9 percent. However, household final consumption increased by 1.8 percent in the fourth quarter of 2013 while Government final consumption rose by 5.4 percent in the same quarter. Fixed capital formation recorded a decrease of 6.6 percent in the quarter under review compared to an increase of 24.8 percent in the same period in Real exports of goods and services went up by 14.7 percent in the fourth quarter of 2013 compared to an increase of 10.6 percent recorded in the same quarter of 2012, while imports of goods and services registered an increase of 12.5 percent in the fourth quarter of 2013 compared to 27.3 percent increase registered in the same quarter of Statistics Botswana GROSS DOMESTIC PRODUCT March

Figure 2: Components of Gross DomesticExpenditure at 2006 prices 4. Annual Gross Domestic Product 4.1 Key figures at constant 2006 prices 2010 2011 2012 2013 Total final consumption 7.4 7.2 4.8 5.

6 Figure 2: Components of Gross DomesticExpenditure at 2006 prices 4. Annual Gross Domestic Product 4.1 Key figures at constant 2006 prices Total final consumption Gross fixed capital formation Exports Imports Gross domestic product GDP per Capita GDP at current prices increased to P124, million in 2013 compared to a registered level of P110, million in 2012, recording an increase of 12.2 percent. Real GDP increased by 5.9 percent in 2013 compared to a revised 4.3 percent in The increase in real GDP was mainly due to mining which recorded an increase in value added of 10.6 percent. Diamond production increased by 12.4 percent in 2013 compared to a decrease of 11.9 percent in the previous year. Contribution to GDP by industry is shown in table 2. Mining remains a major contributor to GDP, its contribution went up to 22.4 percent in 2013 compared to 19.9 percent recorded in In the second and fourth quarters of 2013 the Debswana Diamond Company recovered better grades at its Orapa and Jwaneng mines. 5 GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

7 Table A 1: Annual percentage change in Real GDP by Economic Activity Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels & Restaurants Transport and Communication Business Service General Government Social and personal Services Total Value Added Taxes Less Subsidies Total GDP Figure 3: Annual percentage change in real GDP Statistics Botswana GROSS DOMESTIC PRODUCT March

4.2 Gross Domestic Expenditure Real gross domestic expenditure went down by 0.2 percent in 2013 compared to an increase of 7.3 percent in 2012. Real exports increased by 30.

8 4.2 Gross Domestic Expenditure Real gross domestic expenditure went down by 0.2 percent in 2013 compared to an increase of 7.3 percent in Real exports increased by 30.7 percent in 2013, compared to a decrease of 0.5 percent in 2012, while real imports in 2013 increased by 7.6 percent as opposed to an increase of 28.9 percent in Table A 2: Annual percentage change in Real Domestic Expenditure Total final consumption expenditure Household final consumption expenditure Final consumption of NPISH Government final consumption expenditure Gross Capital formation expenditure Gross Domestic expenditure Figure 4: Components of Gross Domestic Expenditure at constant 2006 prices Table A 3: GDP per capita Year Nominal GDP per capita Real GDP per capita , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

9 Table 1: Value added by kind of economic activity and GDP at current prices (P million) Cal. year Agric Mining Manufac Water and Elec Contr Trade, Hotels & Rest Transport & Comm Financial and Bus. Services General Govt Personal and Social Serv V.A Taxes less subs , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , GDP 2004 Q , , , , , , , Q , , , , , , , Q , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , , Q , , , , , , , , Q , , , , , , , , , Q , , , , , , , Q , , , , , , , , Q , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Note: estimates are provisional Statistics Botswana GROSS DOMESTIC PRODUCT March

10 Table 2: Contribution of gross value added to GDP by kind of economic activity at current prices Cal. year Agric Mining Manufac Water and Elec Contr Trade, Hotels & Rest Transport & Comm Financial and Bus. Services General Govt Personal and Social Serv V.A Taxes less subs GDP 2004 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Note: estimates are provisional 9 GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

11 Table 3: Value added by kind of economic activity and GDP at constant 2006 prices (P million) Cal. year Agric Mining Manufac Water and Elec Contr Trade, Hotels & Rest Transport & Comm Financial and Bus. Services General Govt Personal and Social Serv V.A Taxes less subs , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , GDP 2004 Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , , Q , , , , , , , Q , , , , , , , Q , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , Q , , , , , , , , Q , , , , , , , , Q , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Q , , , , , , , , , , , Note: estimates are provisional Statistics Botswana GROSS DOMESTIC PRODUCT March

12 Table 4: Percentage change in gross value added by kind of economic activity year Agric Mine Manuf Water & Electric Constr. Trade, Hotels & Restaur. Transp & Comm Fin & Bus. Serv Gen Govt Soc & Per. Serv Total V.A Taxes less Subsidies Total GDP 2005 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Note: estimates are provisional 11 GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

13 Table 5: GDP by Expenditure at current prices (P Million) year Central Govt Local Govt Total Non-prof services H-hold Consum. mkt H-hold Consum. non mkt Total Constr Mach & Equip Transp. Equip Mineral Prosp , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,130.4 Total 2004 Q1 1, , , , , ,764.2 Q2 1, , , , , ,939.6 Q3 1, , , , , ,960.5 Q4 1, , , , , , Q1 2, , , , , ,188.8 Q2 1, , , , , ,998.2 Q3 1, , , , , ,293.7 Q4 2, , , , , , Q1 1, , , , , ,560.8 Q2 1, , , , , ,753.2 Q3 2, , , , , , ,052.9 Q4 2, , , , , , , Q1 2, , , , , , ,198.8 Q2 2, , , , , , ,628.8 Q3 2, , , , , , ,171.7 Q4 2, , , , , , , Q1 3, , , , , , ,416.4 Q2 3, , , , , , ,547.9 Q3 3, , , , , , ,713.9 Q4 3, , , , , , , , Q1 3, , , , , , ,041.9 Q2 3, , , , , , , ,478.1 Q3 3, , , , , , ,543.1 Q4 3, , , , , , , Q1 3, , , , , , , ,746.7 Q2 3, , , , , , , ,067.2 Q3 3, , , , , , , ,673.6 Q4 3, , , , , , , , Q1 4, , , , , , , ,469.9 Q2 4, , , , , , , ,543.6 Q3 4, , , , , , , ,798.0 Q4 4, , , , , , , , Q1 4, , , , , , , ,720.9 Q2 4, , , , , , , ,131.3 Q3 4, , , , , , , ,135.1 Q4 4, , , , , , , , Q1 5, , , , , , , ,195.7 Q2 5, , , , , , , ,700.5 Q3 5, , , , , , , ,480.4 Q4 5, , , , , , , ,753.7 Statistics Botswana GROSS DOMESTIC PRODUCT March

14 Table 5: GDP by Expenditure at current prices (P Million) cont... year Changes in Inventories Exports Imports Livestock Minerals Others Total Domestic expend Goods Services Total Goods Services Total Errors & omissions Total GDP , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , , , ,253.2 Q , , , , , , ,073.4 Q , , , , , , ,476.7 Q , , , , , , , , Q , , , , , , , ,342.8 Q , , , , , ,126.6 Q , , , , , ,187.9 Q , , , , , , , , Q , , , , , , , , , , ,001.8 Q , , , , , , , , , ,209.8 Q , , , , , , , , , ,216.0 Q , , , , , , , , , , , Q , , , , , , , , ,733.6 Q , , , , , , ,774.3 Q , , , , , , , , , , ,514.3 Q , , , , , , , , , , Q , , , , , ,788.2 Q , , , , , ,494.8 Q , , , , , , ,484.1 Q , , , , , , , , , Q , , , , , , , , ,416.2 Q , , , , , , , ,361.5 Q , , , , , , ,243.7 Q , , , , , , , , Q , , , , , , , , , ,853.2 Q , , , , , , , , , ,409.5 Q , , , , , , , , ,062.5 Q , , , , , , , , , , Q , , , , , , , ,873.9 Q , , , , , , , , , ,617.0 Q , , , , , , , , , ,769.3 Q , , , , , , , , , , , Q , , , , , , , ,357.8 Q , , , , , , ,088.8 Q , , , , , , , ,533.8 Q , , , , , , , , , Q , , , , , , , , , ,326.5 Q , , , , , , , , ,530.5 Q , , , , , , ,688.0 Q , , , , , , , , GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

15 Table 6: GDP by Expenditure at constant 2006 prices (P Million) year Central Govt Local Govt Total Non-prof services H-hold Consum.mkt H-hold Consum. non mkt Total Constr Mach & Equip Transp. Equip Mineral Prosp , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,036.2 Total 2004 Q1 2, , , , , ,521.4 Q2 2, , , , , , ,644.8 Q3 2, , , , , , ,608.4 Q4 2, , , , , , , Q1 2, , , , , , ,743.3 Q2 1, , , , , ,460.1 Q3 2, , , , , , ,621.3 Q4 2, , , , , , , Q1 2, , , , , ,758.0 Q2 2, , , , , ,822.4 Q3 2, , , , , , ,118.1 Q4 2, , , , , , , Q1 2, , , , , , ,790.3 Q2 2, , , , , , ,321.2 Q3 2, , , , , , ,639.4 Q4 2, , , , , , , Q1 2, , , , , , ,226.0 Q2 2, , , , , , ,549.8 Q3 2, , , , , , ,427.7 Q4 2, , , , , , , Q1 2, , , , , , ,778.8 Q2 2, , , , , , , ,082.2 Q3 2, , , , , , ,778.6 Q4 2, , , , , , , Q1 2, , , , , , ,157.2 Q2 2, , , , , , ,193.0 Q3 2, , , , , , ,170.4 Q4 2, , , , , , , , Q1 2, , , , , , ,079.4 Q2 2, , , , , , ,109.8 Q3 2, , , , , , ,015.1 Q4 2, , , , , , , Q1 2, , , , , , ,585.1 Q2 2, , , , , , ,933.0 Q3 2, , , , , , ,095.4 Q4 3, , , , , , , Q1 3, , , , , , ,520.8 Q2 2, , , , , , ,633.5 Q3 2, , , , , , ,261.3 Q4 3, , , , , , ,620.6 Statistics Botswana GROSS DOMESTIC PRODUCT March

16 Table 6: GDP by Expenditure at constant 2006 prices (P Million) cont... year Changes in Inventories Exports Imports Livestock Minerals Others Total Domestic expend Goods Services Total Goods Services Total Errors & omissions Total GDP , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , , , , ,174.0 Q , , , , , , , ,353.3 Q , , , , , , , ,726.4 Q , , , , , , , , , Q , , , , , , , , ,839.3 Q , , , , , , , ,019.8 Q , , , , , , , ,185.1 Q , , , , , , , , Q , , , , , , , ,405.2 Q , , , , , , , , , ,372.3 Q , , , , , , , , , ,353.4 Q , , , , , , , , , , , Q , , , , , , , ,336.8 Q , , , , , , , ,087.8 Q , , , , , , , ,317.6 Q , , , , , , , , , Q , , , , , , , , , , ,944.1 Q , , , , , , , , ,593.7 Q , , , , , , , ,235.1 Q , , , , , , , , , , , Q , , , , , , , ,491.3 Q , , , , , , , ,425.1 Q , , , , , , ,327.0 Q , , , , , , , Q , , , , , , , , ,108.3 Q , , , , , , ,289.6 Q , , , , , ,094.7 Q , , , , , , , Q , , , , , , ,115.2 Q , , , , , , , , ,470.5 Q , , , , , , ,667.2 Q , , , , , , , Q , , , , , , ,105.2 Q , , , , , ,095.2 Q , , , , , , , ,206.1 Q , , , , , , Q , , , , , , , ,971.3 Q , , , , , ,407.5 Q , , , , , , ,469.6 Q , , , , , , , GROSS DOMESTIC PRODUCT March 2014 Statistics Botswana

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FOURTH QUARTER OF Copyrights Statistics Botswana 2019 STATISTICS BOTSWANA GROSS DOMESTIC PRODUCT FOURTH QUARTER OF 2018 Copyrights 2019 Private Bag 0024, Gaborone. TOLL FREE NUMBER: 0800600200 Tel: ( +267) 367 1300Fax: ( +267) 395 2201 E-mail: info@statsbots.org.bw