In this section Economic performance and outlook Botswana continued to recover from setback inwhen the economy contracted 1. Real GDP growth increased from 4.
Botswana - Phase 2: Implementation of the Standard in Practice This report contains the 'Phase 2: The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over jurisdictions which participate in the work of the Global Forum on an equal footing.
The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes.
The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed.
This process is undertaken in two phases.
Some Global Forum members are undergoing combined — Phase 1 plus Phase 2 — reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.Botswana’s economic freedom score is , making its economy the 35th freest in the Index.
Its overall score has decreased by point, with lower scores for the labor freedom, fiscal health, and tax burden indicators outweighing improvements in government spending and monetary freedom. Downside risks to the positive medium-term outlook remain elevated.
The dependence on diamonds for export and growth makes Botswana extremely vulnerable to external shocks. Key risks include the sluggish recovery of the global economy and uncertainty surrounding global trade and openness, which could reduce export earnings.
Botswana is located at the center of southern Africa, positioned between South Africa, Namibia, Angola, Zambia, and Zimbabwe. One of the world’s poorest countries at independence in , it rapidly became one of the world’s development success stories.
Botswana African Economic Outlook The economy recovered in to %, driven by the rebound in the global diamond market. This study contributes to understanding the role of financial development on economic growth theoretically and empirically. In the theoretical part of the paper, by developing a Solow–Swan growth model augmented with financial markets in the tradition of Wu, Hou, and Cheng (), we show that debt from credit markets and equity from stock markets are two long run determinants of GDP per capita.
Access the latest politics analysis and economic growth summary through for Botswana from The Economist Intelligence Unit.