Monday, September 27, 2010

GDP (Botswana) contracts by 8.4 percent in the second quarter

The Central Statistics Office (CSO) has published estimates indicating that the gross domestic product (GDP) contracted by 8.4 percent in the second quarter of 2010 compared to the previous three months. However, on an annual basis, growth remained positive at 6.5 percent. The contraction was mainly concentrated in the mining sector, where output is estimated to have fallen by 23.5 percent. In contrast, non-mining GDP grew by 1 percent. In the first six months of 2010, overall GDP was 7 percent higher than during the same period in 2009.

Click here to access report from the CSO website.

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