Finance of Botswana

The minimum monthly wage in Botswana is 60 USD. Botswana has a government debt of 34.5% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Botswana is 6.1%. The currency of Botswana is Botswana pula. The plural form of the word Botswana pula is pula. The symbol used for this currency is P, and it is abbreviated as BWP. The Botswana pula is divided into thebe; there are 100 in one pula. Each year, consumers spend around $5,076 million. The ratio of consumer spending to GDP in Botswana is 0.03%, and the ratio of consumer spending to the world consumer market is 1.46%. The corporate tax in Botswana is set at 22%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. VAT in Botswana is 12%. In 2013, Botswana received 73.8 million USD in foreign aid.In 2014, the foreign aid amounted to 120.1 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Botswana is $35,870 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Botswana was last recorded at $15,373,729. PPP in Botswana is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Botswana is 14,778 billion. Based on this statistic, Botswana is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Botswana was last recorded at $6,333,788. The average citizen in Botswana has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Botswana averaged 4.4% in 2014. According to this percentage, Botswana is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.