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| Statistics |
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• GDP: US$11 billion (2005). • Main imports: Food, electrical goods, petroleum products and wood and paper products. • Main exports: Diamonds, copper, nickel, beef and textiles. • Main trade partners: European Free Trade Association (EFTA), and other members of the Southern African Customs Union.
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| Economy |
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As a key foreign exchange earner, livestock farming is the most important part of Botswana’s agricultural sector; in addition,
there is substantial subsistence agriculture. Botswana is economically closely connected to South Africa and is a member of
the Southern African Customs Union (SACU). It also hosts the Southern African Development Conference, which is the principal
mechanism for economic co-operation.
Prudent management and the successful development of new mineral resources have afforded Botswana healthy economic growth
of around 5% since the late 1990s. But the vulnerability of the agricultural sector to bad weather and commodity price fluctuations
have led the government to seek to develop a service sector. The country is particularly trying to reduce its economic dependence
on diamonds and instead focus on high-revenue-producing upmarket safari tourism.
However, the HIV/AIDS epidemic, which is extremely serious in Botswana and mainly afflicts the productive, young and middle-aged
population, is starting to have a negative effect on the country’s economy.
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| Business Etiquette |
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Lightweight suits should be worn.
Office hours: Mon-Fri 0800-1700 April-October; 0730-1630 October-April.
Government office hours: 0730-1630 all year round.
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| Commercial Information |
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Botswana Export Development & Investment Authority (BEDIA) Plot 28, Matsitama Road, The Main Mall, Gaborone, Botswana Tel: 318 1931. Website: www.bedia.co.bw
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