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Low Inflation
One major pillar of Botswana's macroeconomic policy is to maintain a stable and manageable inflation and exchange rate in order to improve Botswana's competitiveness in international markets and contribute to the broader national objective of achieving diversified and sustainable economic growth. Inflation rose to a fourteen-year high of 15.1% in August 2008, this being the result of high prices of petroleum and food as well as expansionary domestic demand. However, inflation is expected to remain within the medium term inflation objective of 3 – 6% in 2009. Botswana has a very low inflation rate compared to a number of countries in the SADC region.
Inflation Rates in Botswana
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
Jan |
5.7 |
10.8 |
6.2 |
8.0 |
12.7 |
7.4 |
8.4 |
12.8 |
Feb |
5.7 |
11.6 |
6.3 |
7.3 |
13.1 |
7.3 |
9.0 |
11.7 |
Mar |
6.1 |
10.6 |
6.9 |
6.5 |
13.8 |
6.5 |
9.8 |
11.7 |
Apr |
6.9 |
10.8 |
6.6 |
6.2 |
14.2 |
6.3 |
11.1 |
10.2 |
May |
5.8 |
11.2 |
7.4 |
6.3 |
13.5 |
6.4 |
12.1 |
8.4 |
Jun |
5.9 |
12.2 |
6.7 |
7.1 |
12.5 |
6.4 |
14.5 |
7.0 |
Jul |
8.8 |
8.6 |
6.8 |
8.2 |
11.9 |
7.5 |
15.0 |
6.0 |
Aug |
9.9 |
7.8 |
6.7 |
9.6 |
10.7 |
7.2 |
15.1 |
6.1 |
Sep |
10.1 |
7.3 |
7.0 |
10.0 |
10.5 |
6.8 |
14.0 |
7.0 |
Oct |
10.0 |
7.0 |
7.7 |
11.2 |
9.2 |
7.3 |
13.1 |
6.9 |
Nov |
10.4 |
6.6 |
7.6 |
11.3 |
8.8 |
7.7 |
15.0 |
5 |
Dec |
10.6 |
6.4 |
7.8 |
11.4 |
8.5 |
8.1 |
13.7 |
5.8 |
Average |
8.0 |
9.2 |
7.0 |
8.6 |
11.6 |
7.1 |
12.6 |
8.2 |
Source: Central Statistics Office
Source: Central Statistics Office, Bank of Botswana, Botswana Financial Statistics,2009
**Average for 2009 is calculated for months up to August 2009
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| 2010-06-08 Botswana ranked Africa's most peaceful country - Index ranks Botswana among the world's most peaceful countries; significant improvement measured since 2008 The newly released 2010 Global Peace Index (GPI) has once ranked Botswana as one of the world's most peaceful countries, as well as the most peaceful c ... [Read more...] |
| 2009-12-23 Minister of Trade and Industry Appoints BEDIA CEO- Mr. Jacob Nkate The former Minister of Education, Mr. Jacob Nkate has been appointed the Chief Executive Officer of the Botswana Export Development and Investment Authority (BEDIA) ef ... [Read more...] |
| 2009-11-27 BEDIA CEO Appointed Assistant Minister of Trade and Industry The CEO of BEDIA Mrs. Dorcas Makgato-Malesu has been appointed Assistant Minister of Trade and Industry. Mrs. Makgato-Malesu joined BEDIA in 2007 fro ... [Read more...] |
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