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Economy of Botswana vs Czech Republic compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $345B for the Czech Republic, ranking 133/197 and 45/197 by economy size, respectively.

Botswana has $6.36B in government debt (43.8% of GDP), compared to $148B (44.2% of GDP) in the Czech Republic.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Botswana
GDP, current $

GDP, constant 2015 $
Czech Republic
GDP, current $

GDP, constant 2015 $
Year GDP
Botswana Czech Republic
Current $ Constant $ Current $ Constant $
1960 $30,411,414 $203,297,646 - -
1961 $32,902,613 $216,193,393 - -
1962 $35,644,957 $230,606,288 - -
1963 $38,091,843 $244,260,590 - -
1964 $41,616,348 $260,949,209 - -
1965 $45,788,696 $276,120,679 - -
1966 $51,465,655 $293,637,827 - -
1967 $58,642,354 $311,034,576 - -
1968 $66,248,441 $343,901,776 - -
1969 $77,361,547 $395,911,433 - -
1970 $96,243,234 $463,692,530 - -
1971 $127,448,614 $583,423,076 - -
1972 $164,460,915 $737,224,723 - -
1973 $244,124,164 $894,277,062 - -
1974 $306,044,208 $972,953,727 - -
1975 $355,168,572 $1,055,131,835 - -
1976 $372,025,093 $1,167,475,696 - -
1977 $451,624,780 $1,307,713,345 - -
1978 $590,407,374 $1,495,145,304 - -
1979 $819,870,259 $1,676,784,361 - -
1980 $1,060,889,704 $1,877,778,848 - -
1981 $1,073,812,830 $2,047,996,824 - -
1982 $1,014,945,696 $2,297,146,530 - -
1983 $1,172,230,397 $2,599,146,161 - -
1984 $1,240,822,167 $2,821,253,171 - -
1985 $1,114,783,343 $3,022,275,113 - -
1986 $1,392,602,164 $3,269,283,371 - -
1987 $1,965,226,890 $3,657,737,272 - -
1988 $2,644,554,159 $4,369,166,056 - -
1989 $3,083,822,112 $4,939,753,185 - -
1990 $3,790,636,324 $5,274,313,873 $41,016,881,802 $122,972,963,913
1991 $3,942,876,703 $5,667,709,608 $30,071,014,282 $108,689,725,031
1992 $4,146,464,587 $5,833,040,675 $35,051,065,440 $108,139,165,551
1993 $4,160,129,175 $5,944,807,979 $41,155,654,032 $108,206,108,282
1994 $4,259,259,604 $6,160,480,628 $48,188,478,339 $111,354,158,853
1995 $4,730,599,122 $6,593,587,690 $60,572,381,311 $118,281,953,160
1996 $4,847,757,218 $6,977,980,666 $67,804,105,330 $123,212,636,053
1997 $5,020,265,627 $7,558,959,722 $62,539,765,163 $122,478,487,836
1998 $4,790,481,509 $7,592,496,073 $67,187,217,328 $121,996,963,424
1999 $5,484,263,347 $8,326,480,944 $65,586,562,605 $123,678,521,512
2000 $5,788,329,609 $8,491,986,059 $62,175,642,238 $128,638,858,401
2001 $5,489,608,300 $8,513,264,764 $68,135,304,464 $132,391,536,300
2002 $5,438,863,983 $9,029,979,997 $82,607,869,610 $134,395,228,572
2003 $7,511,582,173 $9,447,697,368 $100,435,924,705 $138,831,395,778
2004 $8,957,467,707 $9,703,335,214 $120,147,899,984 $145,406,922,288
2005 $9,918,907,108 $10,145,481,816 $137,264,185,596 $154,676,655,550
2006 $9,919,158,482 $10,994,036,837 $156,236,258,387 $164,921,158,025
2007 $10,567,270,656 $11,630,872,553 $190,040,702,287 $173,973,393,346
2008 $10,730,829,116 $12,009,117,014 $236,506,264,754 $178,518,044,754
2009 $10,118,459,242 $10,310,519,328 $206,971,882,705 $169,952,170,271
2010 $12,637,273,429 $11,353,915,358 $211,168,667,286 $174,565,802,522
2011 $15,110,643,612 $12,130,342,698 $231,429,378,717 $177,659,773,383
2012 $13,907,464,500 $12,109,617,145 $210,363,223,088 $176,290,606,022
2013 $14,271,738,933 $13,454,136,660 $213,024,360,541 $176,216,894,660
2014 $15,470,088,501 $14,220,638,229 $210,911,285,078 $180,173,337,875
2015 $13,530,748,845 $13,530,748,845 $189,107,698,562 $189,107,698,562
2016 $15,082,637,184 $14,505,561,464 $198,160,659,304 $193,988,322,685
2017 $16,105,155,857 $15,102,375,175 $221,563,575,696 $204,024,435,233
2018 $17,031,943,186 $15,734,967,215 $251,992,360,762 $209,798,950,825
2019 $16,725,908,149 $16,212,015,761 $256,794,209,029 $217,279,912,682
2020 $14,960,251,611 $14,796,887,969 $251,109,660,603 $205,753,475,018
2021 $18,750,182,235 $16,560,125,448 $290,972,714,482 $214,043,320,221
2022 $20,321,150,598 $17,468,616,756 $301,831,228,326 $220,137,498,831
2023 $19,411,266,967 $18,029,021,881 $343,206,568,135 $220,015,846,842
2024 $19,400,774,882 $17,489,977,782 $345,036,675,975 $222,480,870,567

Economic indicators

Botswana Czech Republic
Gross domestic product
$19.4B
2024
$345B
2024
GDP rank
133/197
2024
45/197
2024
GDP growth
-0.05%
2023-2024
0.53%
2023-2024
GDP per capita
$7,695
2024
$31,707
2024
GDP per capita rank
98/197
2024
39/197
2024
GDP per capita, PPP
$20,538
2024
$56,806
2024
Government debt
$6.36B
2024
$148B
2024
Debt-to-GDP ratio
43.8%
2025
44.2%
2025
Government debt per person
$2,523
2024
$13,630
2024
Government debt per person rank
110/185
2024
43/185
2024
Average annual personal income after taxes
$4,596
2025
$21,451
2025
Market capitalization of domestic companies
$3.59B
2023
$34.6B
2024
Number of billionaires n/a
11
2025
Income share by richest 10%
42.9%
2015
21.5%
2023
Income share by poorest 10%
1.4%
2015
3.8%
2023
Government expenditure, % of GDP
34.9%
2025
43.3%
2025
Consumer prices inflation
2.82%
2023-2024
2.44%
2023-2024
Central bank interest rate
1.9%
2024
3.5%
2025
Unemployment rate
24.4%
2024
2.6%
2024
Population
2595266
10753822

GDP per capita in Botswana vs Czech Republic

Botswana's GDP per capita is $7,695, ranking 98/197, compared to $31,707 in the Czech Republic, ranking 39/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 93rd at $20,538, while the Czech Republic ranks 34th at $56,806.

Botswana
GDP per capita

GDP per capita, PPP
Czech Republic
GDP per capita

GDP per capita, PPP
Year Current $
Botswana Czech Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $58.9 - - -
1961 $62.3 - - -
1962 $66 - - -
1963 $68.9 - - -
1964 $73.5 - - -
1965 $79.7 - - -
1966 $89.1 - - -
1967 $100.9 - - -
1968 $113.4 - - -
1969 $131.8 - - -
1970 $163 - - -
1971 $212.2 - - -
1972 $264.2 - - -
1973 $374 - - -
1974 $446 - - -
1975 $493 - - -
1976 $490 - - -
1977 $565 - - -
1978 $695 - - -
1979 $909 - - -
1980 $1,132 - - -
1981 $1,107 - - -
1982 $1,006 - - -
1983 $1,121 - - -
1984 $1,145 - - -
1985 $994 - - -
1986 $1,200 - - -
1987 $1,639 - - -
1988 $2,141 - - -
1989 $2,428 - - -
1990 $2,903 $5,978 $3,969 $12,806
1991 $2,939 $6,463 $2,917 $11,730
1992 $3,005 $6,614 $3,397 $11,924
1993 $2,929 $6,706 $3,984 $12,201
1994 $2,917 $6,903 $4,663 $12,820
1995 $3,156 $7,348 $5,865 $13,948
1996 $3,156 $7,728 $6,573 $14,775
1997 $3,194 $8,322 $6,069 $14,908
1998 $2,981 $8,268 $6,527 $15,063
1999 $3,340 $8,999 $6,378 $15,494
2000 $3,451 $9,187 $6,063 $16,329
2001 $3,206 $9,226 $6,669 $17,711
2002 $3,117 $9,753 $8,101 $18,344
2003 $4,230 $10,224 $9,852 $19,607
2004 $4,957 $10,596 $11,783 $20,991
2005 $5,391 $11,222 $13,442 $22,115
2006 $5,292 $12,304 $15,259 $23,919
2007 $5,529 $13,113 $18,453 $26,269
2008 $5,503 $13,526 $22,775 $27,938
2009 $5,083 $11,446 $19,817 $27,699
2010 $6,216 $12,491 $20,160 $28,157
2011 $7,287 $13,355 $22,049 $29,237
2012 $6,596 $12,475 $20,014 $29,466
2013 $6,667 $13,341 $20,260 $31,013
2014 $7,122 $15,003 $20,038 $32,743
2015 $6,141 $14,144 $17,932 $34,102
2016 $6,749 $16,228 $18,754 $36,445
2017 $7,105 $15,701 $20,913 $39,346
2018 $7,408 $15,786 $23,706 $41,638
2019 $7,172 $15,960 $24,063 $45,614
2020 $6,323 $15,292 $23,473 $44,839
2021 $7,808 $17,961 $27,696 $47,796
2022 $8,329 $19,977 $28,282 $51,710
2023 $7,826 $21,012 $31,591 $53,217
2024 $7,695 $20,538 $31,707 $56,806

Spending and national debt comparison

In 2024, Botswana's government spending was $6.74B, accounting for 34.9% of its GDP, while the Czech Republic's spent $148B, or 43.3% of GDP.

Debt-to-GDP ratio is 43.8% in Botswana and 44.2% in the Czech Republic, ranking 122/185 and 119/185, respectively.

Botswana
Government spending

Government debt
Czech Republic
Government spending

Government debt
Year % of GDP
Botswana Czech Republic
Government spending Government debt Government spending Government debt
1990 40.5% - - -
1991 42.3% - - -
1992 43.4% - - -
1993 44.2% - - -
1994 39.2% - - -
1995 38.1% - 52.8% 13.5%
1996 37.2% - 41.4% 11.5%
1997 40% - 41.3% 12.1%
1998 44.3% 12% 41.6% 13.9%
1999 41.7% 9.68% 40.9% 15.1%
2000 39.8% 8.37% 40.6% 16.9%
2001 42.9% 7.61% 43.1% 22.6%
2002 46% 8.55% 44.4% 25.7%
2003 44% 7.29% 49% 28.1%
2004 42% 11.3% 42.2% 28.3%
2005 35% 7.74% 42.3% 27.7%
2006 34.1% 6.32% 41.5% 27.6%
2007 38.3% 6.12% 40.5% 27.3%
2008 48% 7.77% 40.9% 28.2%
2009 54.5% 23.5% 44.5% 33.4%
2010 44.7% 27.9% 43.2% 36.7%
2011 37.4% 28.1% 42.8% 39.4%
2012 38.3% 27.3% 44.4% 43.8%
2013 34.8% 24.7% 42.4% 44.1%
2014 36.4% 23.9% 42.3% 41.5%
2015 39.7% 25.7% 41.7% 39.5%
2016 34.2% 22.4% 39.4% 36.2%
2017 35% 19.8% 38.5% 33.8%
2018 35.9% 19.8% 40.1% 31.7%
2019 36.4% 21.3% 40.4% 29.6%
2020 38.5% 24.8% 46.3% 36.9%
2021 33% 23.4% 45% 40.7%
2022 29.5% 21.3% 43% 42.5%
2023 32.3% 22.5% 43.9% 42.4%
2024 34.7% 32.8% 43% 43%
2025 34.9% 43.8% 43.3% 44.2%

Government deficit by year

In 2024, Botswana's government deficit, the difference between spending and revenue, was -$2B, equivalent to -10.3% of GDP. This compares to the Czech Republic's deficit of -$7.63B, or -2.21% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while the Czech Republic ran a deficit in 22 years. On average, Botswana posted an annual deficit equal to -1.05% of GDP, compared to deficit of -2.79% of GDP for the Czech Republic.

Deficit/surplus
Botswana

Czech Republic
Year Deficit/surplus, % of GDP
Botswana Czech Republic
1995 - -12.3%
1996 - -2.98%
1997 - -3.14%
1998 - -4.14%
1999 6.18% -3.08%
2000 8.95% -3.55%
2001 -2.96% -5.76%
2002 -4.02% -6.34%
2003 -0.18% -6.87%
2004 1.42% -2.4%
2005 10.7% -3.06%
2006 13.7% -2.19%
2007 5.92% -0.68%
2008 -7.59% -2%
2009 -14.4% -5.46%
2010 -8.36% -4.14%
2011 -0.12% -2.71%
2012 0.92% -3.92%
2013 6.07% -1.3%
2014 3.88% -2.09%
2015 -5.06% -0.67%
2016 0.72% 0.68%
2017 -1.16% 1.46%
2018 -5.07% 0.88%
2019 -8.43% 0.28%
2020 -11.5% -5.65%
2021 -2.46% -4.95%
2022 -0.006% -3.07%
2023 -4.18% -3.78%
2024 -10.3% -2.21%
2025 -11.2% -2.56%

Inflation comparison by year

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.81%, compared with 3.8% in the Czech Republic. In 2024, inflation was 2.82% in Botswana and 2.44% in the Czech Republic.

Inflation
Botswana

Czech Republic
Year Inflation
Botswana Czech Republic Botswana Czech Republic
1996 10.1% 8.76%
1997 8.72% 8.6%
1998 6.66% 10.7%
1999 7.75% 2.14%
2000 8.6% 3.78%
2001 6.56% 4.66%
2002 8.03% 1.9%
2003 9.19% 0.12%
2004 6.95% 2.76%
2005 8.61% 1.86%
2006 11.6% 2.53%
2007 7.08% 2.85%
2008 12.7% 6.36%
2009 8.03% 1.02%
2010 6.95% 1.47%
2011 8.46% 1.92%
2012 7.54% 3.29%
2013 5.88% 1.44%
2014 4.4% 0.34%
2015 3.06% 0.31%
2016 2.81% 0.68%
2017 3.31% 2.45%
2018 3.24% 2.15%
2019 2.77% 2.85%
2020 1.89% 3.16%
2021 7.24% 3.84%
2022 11.7% 15.1%
2023 5.07% 10.7%
2024 2.82% 2.44%

Top exports between countries

Botswana
Export category Export value
Machinery & equipment $126K
Precious metals & jewellery $69K
Chemicals & pharma $23K
Czech Republic
Export category Export value
Machinery & equipment $769K
Textiles & consumer goods $216K
Weapons & explosives $145K
Chemicals & pharma $58K
Metals $2K
Wood & paper products $1K

Balance of trade

Botswana Czech Republic
Current account balance
-$821M
2024
$6.05B
2024
Current account balance ranking
116/189
2024
31/189
2024
Current account balance, % of GDP
-4.23%
2024
+1.75%
2024
Goods imports
$6.86B
2024
$179B
2024
Goods exports
$4.66B
2024
$197B
2024
Service imports
$1.29B
2024
$38B
2024
Service exports
$935M
2024
$42.5B
2024
Imports of goods and services, % of GDP
40.9%
2024
62.7%
2024
Exports of goods and services, % of GDP
26%
2024
69.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Botswana Czech Republic
Economic freedom 69.9 72.9
Economic freedom ranking 36/197 25/197
Property rights 74.1 89.9
Government integrity 60.1 62.8
Judicial effectiveness 70.5 92
Tax burden 84.9 78.9
Government spending 70.8 42.2
Fiscal health 90.4 71.5
Business freedom 70.6 81.4
Labor freedom 60.7 57.9
Monetary freedom 68.3 68.9
Trade freedom 78.8 79.6
Investment freedom 50 70
Financial freedom 60 80

Economic freedom by year comparison

The Economic Freedom Index for Botswana is 69.9, ranking 36/197, compared to 72.9 for the Czech Republic, ranking 25/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Botswana
Czech Republic
Year Economic freedom index
Botswana Czech Republic
1995 56.8 67.8
1996 61.6 68.1
1997 59.1 68.8
1998 62.8 68.4
1999 62.9 69.7
2000 65.8 68.6
2001 66.8 70.2
2002 66.2 66.5
2003 68.6 67.5
2004 69.9 67
2005 69.3 64.6
2006 68.8 66.4
2007 68.1 67.4
2008 68.2 68.1
2009 69.7 69.4
2010 70.3 69.8
2011 68.8 70.4
2012 69.6 69.9
2013 70.6 70.9
2014 72 72.2
2015 69.8 72.5
2016 71.1 73.2
2017 70.1 73.3
2018 69.9 74.2
2019 69.5 73.7
2020 69.6 74.8
2021 67.6 73.8
2022 64.8 74.4
2023 64.9 71.9
2024 68 70.2
2025 69.9 72.9

More economic indicators

Botswana Czech Republic
Services, % of GDP
63.5%
2024
59.5%
2024
Industry, % of GDP
29.4%
2024
30.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
1.5%
2024
GNI, Atlas method
$19.5B
2024
$317B
2024
GNI per capita, PPP
$20,570
2024
$54,340
2024
Total reserves including gold
$3.46B
2024
$146B
2024
Total reserves ranking
113/177
2024
22/177
2024
Net foreign direct investment
-$464M
2024
-$1.87B
2024
Net inflows of foreign direct investment
$467M
2024
$13.1B
2024
Net outflows of foreign direct investment
$3.02M
2024
$11.2B
2024
Servicing debt to the IMF, % of GNI
1.28%
2023
n/a
Poverty at national poverty lines
16.1%
2015
10.2%
2021
Gross capital formation, % of GDP
36.2%
2024
26%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.