Event

Botswana's diamond economy

What diamond mining has meant for Botswana's revenue and growth, and the downturn of 2024.

4 links, 2 backed by primary records

Connections 4

Botswana per the Minister of Minerals and Energy in 2023, diamonds came to supply 70 percent of export earnings and half of government revenue Scholarship & press 1
Botswana per the Minister of Mineral Resources in 1990, revenue rose from under 10 million pula a year to over a billion Self-published 2
Botswana per the IMF, mineral revenue fell from 13.3 percent of GDP in 2022; the economy contracted 3 percent in 2024 Primary record 3 4
Debswana Primary record 3

Timeline 1 date

Proof 4 sources

Vice President urges Batswana to jealously guard diamonds (Botswana Press Agency report of the Minister of Minerals and Energy), Botswana Daily News (BOPA), 25 Jun 2023. Scholarship & press
Mr Moagi said diamonds started contributing 70 per cent of export earnings and half of government revenue.
Our History, Debswana Diamond Company. Self-published
increasing the revenue of the country from less that P10 million a year at Independence to over a billion today
IMF Executive Board Concludes 2024 Article IV Consultation with Botswana, International Monetary Fund, 10 Sep 2024. Primary record
Mineral revenue (percent of GDP): 2022: 13.3; 2023: 7.4; 2024 (projection): 5.8; 2025 (projection): 9.5.
Growth is expected to slow further to 1 percent in 2024 primarily because of a diamond market contraction.
IMF Staff Completes 2025 Article IV Mission to Botswana, International Monetary Fund, 26 Sep 2025. Primary record
Contraction of 3 percent in 2024.
Botswana’s economic activity is expected to contract by about 1 percent in 2025, owing primarily to a further decline in diamond production

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