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Economy of Botswana
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==History== [[File:Shepherd on donkey on the move.jpg|thumb|left|Man on donkey herding goats in a dry river bed]] [[File:GDP per capita (current), % of world average, 1960-2012; Zimbabwe, South Africa, Botswana, Zambia, Mozambique.png|thumb|300px |GDP per capita (current), compared to neighbouring countries (world average = 100)]] [[Agriculture]] still provides a livelihood for 70% of the rural population but supplies only about 50% of food needs and accounted for only 1.8% of GDP as of 2016.<ref>{{Cite web|title=The agricultural sector in Botswana|url=http://www.economiesafricaines.com/en/countries/botswana/economic-sectors/the-agricultural-sector|url-status=dead|archive-url=https://web.archive.org/web/20180921195852/http://www.economiesafricaines.com/en/countries/botswana/economic-sectors/the-agricultural-sector|archive-date=September 21, 2018|website=Economies Africaines|language=en}}</ref><ref name="World Factbook 2000">{{citation-attribution|1={{Cite CIA World Factbook|country=Botswana|year=2000|url=http://www.cia.gov/cia/publications/factbook/geos/bc.html|url-status=dead |archive-url=https://web.archive.org/web/20001119185100/http://www.cia.gov/cia/publications/factbook/geos/bc.html |archive-date=November 19, 2000 }} }}</ref> [[subsistence agriculture|Subsistence farming]] and cattle raising predominate.<ref name="World Factbook 2000" /> The sector is plagued by erratic rainfall and poor soils.<ref name="World Factbook 2000" /> Diamond mining and [[tourism]] are also important to the economy.<ref name="World Factbook 2000" /> Substantial [[mineral]] deposits were found in the 1970s and the mining sector grew from 25% of GDP in 1980 to 38% in 1998.<ref name="World Factbook 2000" /> Economic growth slowed in 2005β2008 and turned negative in 2009 as a result of the [[Great Recession]], contracting by 5.2%.<ref>{{Cite web|url=https://www.thelugarcenter.org/assets/htmldocuments/Botswana%20brief%202.12.19_1.pdf|title=www.thelugarcenter.org}}</ref> This was exacerbated by a major global downturn in the industrial sector, which shrank by 30%,<ref name="cia.gov">{{Cite CIA World Factbook|country=Botswana|date=16 August 2022|year=2022}}</ref> Botswana's steep economic downturn contrasted with most other African nations which experienced continued growth through this period.<ref>[https://web.archive.org/web/20070613004530/https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html CIA.gov] see also [[:File:GDP Real Growth.svg]]</ref>
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