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==Economy== [[File:I-Tower 20200402.jpg|thumb|left|I-Tower at Central Business District]] Gaborone is the center of the national economy. The headquarters of important financial institutions such as the [[Bank of Botswana]], [[Bank Gaborone]], [[BancABC]], and the [[Botswana Stock Exchange]] are centrally located, as well as the headquarters for [[Air Botswana]], [[Consumer Watchdog (Botswana)|Consumer Watchdog]], [[Botswana Telecommunications Corporation]], and [[Debswana]], the joint diamond mining venture between [[De Beers]] and the Botswana government. The [[Southern African Development Community]] (SADC) has its headquarters in Gaborone; the organization was formed in 1980 to increase economic cooperation among its members and reduce dependence on South Africa.<ref name=seth /> Several international companies have invested in the city: [[Hyundai Group|Hyundai]], [[SABMiller]], [[Daewoo]], [[Volvo]], and [[Siemens]].<ref name="pula" /> [[File:Orapa_house,_Gaborone_6_(Botswana).jpg|thumb|right|Orapa House]]Orapa House, owned by [[Debswana]], is where the diamonds mined from Debswana are sorted and valued. Orapa House is located at the intersection of Khama Crescent and Nelson Mandela Drive.<ref name="map" /> It has a unique style of architecture that allows the optimal amount of indirect sunlight to shine through the windows in order to accurately sort diamonds.<ref name="culture">{{cite web |title=African cities- Gaborone Culture |url=http://gaborone.info/php/gabculture.php?name=Gaborone%20Culture |work=Gaborone.info |publisher=AfricanCities.net |access-date=5 August 2009 |url-status=dead |archive-url=https://web.archive.org/web/20110721202404/http://gaborone.info/php/gabculture.php?name=Gaborone%20Culture |archive-date=21 July 2011 }}</ref> A Diamond Technology Park was recently opened{{when|date=November 2022}}, this is as part of Botswana Government's vision for establishment of downstream diamond industry.{{citation needed|date=November 2022}} Companies dealing in diamonds have established their local operations in the park. The Botswana Resource Conference is held annually at the Gaborone International Conference Centre. The unemployment rate in Gaborone is 11.7% {{As of|2008|lc=y}}.<ref name=BAIS />{{update inline|date=June 2022}} 19.7% of the population in Gaborone is employed in the financial sector.<ref name="BAIS" />{{update inline|date=June 2022}} According to [[Mercer (consulting firm)|Mercer]]'s 2011 [[List of most expensive cities for expatriate employees|Worldwide Cost of Living Survey]], Gaborone has the 195th highest [[cost of living]] for [[expatriate]]s in the world, up from 203rd in 2010. Gaborone comes between [[Chennai]], India and [[Quito]], Ecuador. Gaborone is the fourth least expensive city for expatriates in Africa, coming in above [[Addis Ababa]], Ethiopia at 211th, [[Kampala]], Uganda at 202nd and [[Windhoek]], Namibia at 198th.<ref>{{cite web |url=http://www.mercer.com/press-releases/1420615 |title=Worldwide Cost of Living survey 2011 β city ranking |date=12 July 2011 |work=Cost of Living Survey |publisher=Mercer |location=Toronto |access-date=25 February 2012 |url-status=dead |archive-url=https://web.archive.org/web/20140410174442/http://www.mercer.com/press-releases/1420615 |archive-date=10 April 2014 }}</ref>
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