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Analysis by Region - Emerging Markets - Botswana

Publisher Oxford Economics
Published Jan 26, 2026
Length 7 Pages
SKU # OFE20872831

Description

The rebound in real GDP growth in the third quarter of 2025 should not be mistaken for a recovery in Botswana's macroeconomic prospects. Diamond prices remain in the doldrums, while De Beers's production is expected to have slumped again in Q4 2025. Meanwhile, diamond output prospects are grim, with the Botswanan government stating that its diamond inventories are nearly double its allowable level. We still think the landlocked economy contracted in 2025, while we have lowered our medium-term growth projection.

Table of Contents

7 Pages
Botswana: The diamond knocks keep on rolling
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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