Why is Botswana richer than other African countries?

Botswana’s impressive economic record compared to some of its neighbors has been built on a foundation of diamond mining, prudent fiscal policies, and a cautious foreign policy. Botswana’s economy is mostly dependent on diamond mining.

Is Botswana a wealthy country?

Significant mineral (diamond) wealth, good governance, prudent economic management and a relatively small population of slightly more than two million, have made it an upper middle-income country with a transformation agenda of becoming a high-income country by 2036.

Which African country is the richest per capita?

Mauritius
Mauritius has the highest per capita wealth of any country in Africa as shown in the left-most bar chart. At $32,700 its more than double South Africa and Namibia where it is between $12 and $13,000. The other top 10 countries all have per capita wealth of under $10,000.

Is Botswana close to Nigeria?

Distance from Botswana to Nigeria is 3,889 kilometers. This air travel distance is equal to 2,417 miles.

Which country is richer between Botswana and SA?

Botswana vs South Africa: Economic Indicators Comparison South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Botswana ranked 117th with $18.6B.

How is the economy in Botswana doing?

Until the global recession, Botswana maintained one of the world’s highest economic growth rates since independence in 1966. Diamond mining fueled much of the economic expansion and currently accounts for one-quarter of GDP, approximately 85\% of export earnings, and about one-third of the government’s revenues.

What is driving Botswana’s declining income inequality?

Among factors associated with Botswana’s declining income inequality, the key one is regional convergence due to fast growth in rural areas and demographic changes. The recent Botswana Multi-Topic Survey: Labour Force Module Report indicates that the unemployment rate has gone up to 24.5\% with youth unemployment (32.4\%) posing a critical challenge.

Is Botswana’s health improving?

Botswana was making significant progress in several health indicators, including life expectancy and infant and child mortality rates, until being devastated by the HIV/AIDs epidemic in the 1990s.

Is HIV/AIDS threatening Botswana’s economic gains?

The prevalence of HIV/AIDS is second highest in the world and threatens the country’s impressive economic gains. Diamond exports increased again in 2017 to the highest levels since 2013 at about 22 million carats of output, driving Botswana’s economic growth of about 4.5\% in 2017 and increasing foreign reserves to about 45\% of GDP.