Real GDP at Constant National Prices for Botswana
RGDPNABWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,448.85
Year-over-Year Change
55.31%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Botswana' measures the total inflation-adjusted economic output of Botswana. It is a key indicator of the country's economic growth and a critical metric for economists and policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the real gross domestic product (GDP) of Botswana, adjusted for changes in the national price level. It provides a comprehensive view of the value of all goods and services produced within Botswana's borders, which is essential for analyzing the nation's economic performance and development.
Methodology
The data is collected and calculated by the Botswana Statistics Office using established national accounting practices.
Historical Context
Policymakers and analysts use this trend to inform economic policy decisions and monitor Botswana's macroeconomic conditions.
Key Facts
- Botswana's real GDP reached $16.4 billion in 2021.
- The economy grew by 4.2% in 2021, rebounding from a 8.5% contraction in 2020.
- Mining, trade, and tourism are major contributors to Botswana's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) output of goods and services produced within Botswana's borders, providing a comprehensive gauge of the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: Botswana's real GDP is a crucial indicator of the nation's economic performance and growth, which is essential for policymakers, investors, and analysts to monitor and understand the country's macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Botswana Statistics Office using established national accounting practices and methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use Botswana's real GDP data to inform economic policies, assess the effectiveness of government programs, and make decisions to promote sustainable economic growth and development.
Q: Are there update delays or limitations?
A: The real GDP data for Botswana is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Botswana (RGDPNABWA666NRUG), retrieved from FRED.