Botswana, with a population of approximately 2.6 million and a GDP of about $18 billion in 2023, stands out as a stable and prosperous economy in Southern Africa. The country’s economic strength is primarily driven by its diamond industry, which contributes around 70% of its export earnings. Botswana’s per capita income is approximately $6,800.
Over the past 25 years, the government has worked to diversify the economy, investing in sectors such as tourism, agriculture, and financial services. Opportunities in mining remain significant, with large diamond reserves and potential in other minerals. Tourism also plays a growing role, with Botswana’s rich wildlife and national parks attracting visitors. Botswana become an attractive destination for foreign direct investment (FDI) with recent reforms.