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Economy of Botswana vs Ghana compared: GDP & Debt

Updated on by Georank

Botswana has a GDP of $19.9B compared to $114B for Ghana, ranking 135/197 and 69/197 by economy size, respectively.

Botswana has $7.7B in government debt (38.6% of GDP), compared to $55.8B (48.8% of GDP) in Ghana.

Botswana vs Ghana GDP by year

Botswana
Ghana
1x
Year GDP, current $
Botswana Ghana
2025 $19,928,479,839 $114,209,905,279
2024 $19,286,251,068 $83,288,585,604
2023 $19,413,614,555 $80,547,146,876
2022 $20,321,150,599 $73,919,003,212
2021 $18,750,182,236 $79,514,204,730
2020 $14,960,251,608 $70,008,243,860
2019 $16,725,908,149 $68,352,629,246
2018 $17,031,943,186 $67,259,353,966
2017 $16,105,155,857 $60,385,409,435
2016 $15,082,637,184 $56,144,179,398
2015 $13,530,748,845 $49,436,806,230
2014 $15,470,088,501 $54,678,533,806
2013 $14,271,738,933 $62,845,721,960
2012 $13,907,464,500 $41,271,701,061
2011 $15,110,643,612 $39,336,668,081
2010 $12,637,273,429 $32,197,655,567
2009 $10,118,459,242 $26,048,720,006
2008 $10,730,829,116 $28,679,383,241
2007 $10,567,270,656 $24,827,339,138
2006 $9,919,158,482 $20,885,037,597
2005 $9,918,907,108 $10,744,568,381
2004 $8,957,467,707 $8,881,417,907
2003 $7,511,582,173 $7,632,723,556
2002 $5,438,863,983 $6,166,197,848
2001 $5,489,608,300 $5,314,872,854
2000 $5,788,329,609 $4,982,850,662
1999 $5,484,263,347 $7,718,109,982
1998 $4,790,481,509 $7,482,069,162
1997 $5,020,265,627 $6,891,443,192
1996 $4,847,757,218 $6,932,991,739
1995 $4,730,599,122 $6,464,382,808
1994 $4,259,259,604 $5,446,383,727
1993 $4,160,129,175 $5,968,922,939
1992 $4,146,464,587 $6,416,103,926
1991 $3,942,876,703 $6,603,185,268
1990 $3,790,636,324 $5,889,106,573
1989 $3,083,822,112 $5,251,858,440
1988 $2,644,554,159 $5,197,765,032
1987 $1,965,226,890 $5,074,829,932
1986 $1,392,602,164 $5,735,677,434
1985 $1,114,783,343 $4,504,306,723
1984 $1,240,822,167 $4,412,279,843
1983 $1,172,230,397 $4,057,275,132
1982 $1,014,945,696 $4,035,994,398
1981 $1,073,812,830 $4,222,441,860
1980 $1,060,889,704 $4,445,228,216
1979 $819,870,259 $4,020,227,920
1978 $590,407,374 $3,662,478,185
1977 $451,624,780 $3,189,428,571
1976 $372,025,093 $2,765,254,237
1975 $355,168,572 $2,810,106,383
1974 $306,044,208 $2,894,409,938
1973 $244,124,164 $3,006,766,758
1972 $164,460,915 $2,112,293,280
1971 $127,448,614 $2,417,108,578
1970 $96,243,234 $2,215,028,588
1969 $77,361,547 $1,962,050,556
1968 $66,248,441 $1,666,909,518
1967 $58,642,354 $1,747,187,645
1966 $51,465,655 $2,126,300,672
1965 $45,788,696 $2,053,462,968
1964 $41,616,348 $1,731,296,200
1963 $38,091,843 $1,540,797,589
1962 $35,644,957 $1,382,515,654
1961 $32,902,613 $1,302,674,325
1960 $30,411,414 $1,217,230,095

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

GDP per capita in Botswana vs Ghana by year

Botswana
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,778 - $3,257 -
2024 $7,650 $20,538 $2,419 $8,020
2023 $7,827 $21,012 $2,384 $7,556
2022 $8,329 $19,977 $2,230 $7,208
2021 $7,808 $17,961 $2,445 $6,608
2020 $6,323 $15,292 $2,195 $6,047
2019 $7,172 $15,960 $2,187 $6,003
2018 $7,408 $15,786 $2,195 $5,536
2017 $7,105 $15,701 $2,012 $5,171
2016 $6,749 $16,228 $1,912 $5,011
2015 $6,141 $14,144 $1,723 $5,191
2014 $7,122 $15,003 $1,950 $5,517
2013 $6,667 $13,621 $2,295 $5,215
2012 $6,596 $12,737 $1,544 $4,934
2011 $7,287 $13,635 $1,507 $4,381
2010 $6,216 $12,753 $1,264 $3,855
2009 $5,083 $11,686 $1,048 $3,617
2008 $5,503 $13,810 $1,183 $3,516
2007 $5,529 $13,389 $1,050 $3,241
2006 $5,292 $12,563 $906 $3,103
2005 $5,391 $11,458 $479 $2,904
2004 $4,957 $10,818 $406 $2,729
2003 $4,230 $10,439 $358 $2,584
2002 $3,117 $9,958 $297.5 $2,475
2001 $3,206 $9,420 $263.5 $2,397
2000 $3,451 $9,380 $253.7 $2,315
1999 $3,340 $9,188 $403 $2,239
1998 $2,981 $8,441 $400 $2,167
1997 $3,194 $8,497 $378 $2,097
1996 $3,156 $7,890 $389 $2,026
1995 $3,156 $7,503 $372 $1,947
1994 $2,917 $7,049 $321 $1,875
1993 $2,929 $6,847 $360 $1,821
1992 $3,005 $6,753 $396 $1,739
1991 $2,939 $6,598 $418 $1,678
1990 $2,903 $6,104 $383 $1,581
1989 $2,428 - $350 -
1988 $2,141 - $355 -
1987 $1,639 - $355 -
1986 $1,200 - $411 -
1985 $994 - $330 -
1984 $1,145 - $330 -
1983 $1,121 - $311 -
1982 $1,006 - $319 -
1981 $1,107 - $344 -
1980 $1,132 - $372 -
1979 $909 - $347 -
1978 $695 - $326 -
1977 $565 - $292.3 -
1976 $490 - $261 -
1975 $493 - $273 -
1974 $446 - $289.4 -
1973 $374 - $310 -
1972 $264.2 - $223.8 -
1971 $212.2 - $263.4 -
1970 $163 - $248.2 -
1969 $131.8 - $225.8 -
1968 $113.4 - $196.7 -
1967 $100.9 - $211.2 -
1966 $89.1 - $263.3 -
1965 $79.7 - $260.5 -
1964 $73.5 - $225 -
1963 $68.9 - $205 -
1962 $66 - $188.4 -
1961 $62.3 - $181.9 -
1960 $58.9 - $174.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

Botswana's GDP per capita is $7,778, ranking 100/197, compared to $3,257 in Ghana, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Ghana ranks 140th at $8,020.

Economic indicators

Botswana Ghana
Gross domestic product
$19.9B
2025
$114B
2025
GDP rank
135/197
2025
69/197
2025
GDP growth
-0.73%
2024-2025
5.95%
2024-2025
GDP per capita
$7,778
2025
$3,257
2025
GDP per capita rank
100/197
2025
139/197
2025
GDP per capita, PPP
$20,538
2024
$8,020
2024
GDP per capita PPP rank
95/197
2024
140/197
2024
Government debt
$7.7B
2025
$55.8B
2025
Debt-to-GDP ratio
38.6%
2025
48.8%
2025
Government debt per person
$3,005
2025
$1,590
2025
Government debt per person rank
106/185
2025
128/185
2025
Average annual personal income after taxes
$5,441
2026
$2,135
2026
Market capitalization of domestic companies
$4.28B
2025
$16.4B
2025
Income share by richest 10%
42.9%
2015
32.2%
2016
Income share by poorest 10%
1.4%
2015
1.6%
2016
Government expenditure, % of GDP
35%
2025
17%
2025
Consumer prices inflation
2.66%
2024-2025
14.2%
2024-2025
Central bank interest rate
5.5%
2026
14%
2026
Unemployment rate
24.4%
2024
3.97%
2024
Population
2624853
36032857

Spending and national debt comparison by year

Botswana
Spending

Debt
Ghana
Spending

Debt
1x
Year % of GDP
Botswana Ghana
Government spending Government debt Government spending Government debt
2025 35% 38.6% 17% 48.8%
2024 33.7% 33.2% 22% 70.3%
2023 32.4% 22.5% 18.5% 79.1%
2022 29.1% 21% 27.5% 92.7%
2021 31.4% 22.3% 27.2% 86.9%
2020 36.5% 23.5% 31.5% 79.1%
2019 36.9% 21.5% 22.5% 62.9%
2018 35.6% 19.6% 20.9% 62%
2017 34.7% 19.6% 17.6% 57%
2016 34.1% 22.3% 19.9% 55.9%
2015 37.8% 24.5% 18.6% 53.9%
2014 36.5% 23.9% 21% 50.1%
2013 33.5% 23.8% 21.6% 42.9%
2012 37.1% 26.4% 22.1% 35.5%
2011 37.2% 27.9% 19.5% 31.2%
2010 42.6% 26.5% 19% 32.9%
2009 52.1% 22.4% 16.6% 25.4%
2008 48.1% 7.79% 16.6% 23.2%
2007 37.1% 5.93% 16.8% 21.1%
2006 33.1% 6.14% 14.4% 17.3%
2005 33.8% 7.46% 12.9% 31.7%
2004 39.8% 10.7% 13.7% 38.4%
2003 42.7% 7.08% 12.1% 49.3%
2002 45.1% 8.37% 10.7% 54.1%
2001 42.1% 7.48% 13.8% 57.8%
2000 38.8% 8.16% 12% 74.5%
1999 40.1% 9.31% 11.1% 51.7%
1998 41.8% 11.3% 11.8% 37.6%
1997 39% - 12% 45.2%
1996 36.1% - 12.4% 42.9%
1995 36.1% - 13% 47.6%
1994 37.6% - 12.7% 50.6%
1993 42% - 12.1% 34.1%
1992 42.3% - 9.2% 21.3%
1991 41.1% - 7.09% 17.3%
1990 38.9% - 6.59% 17.8%
1989 - - 7.24% 23%
1988 - - 7.23% 23.5%
1987 - - 7.32% 26.8%
1986 - - 7.29% 18.2%
1985 - - 6.08% 14.4%
1984 - - 4.64% 13%
1983 - - 3.49% 9.21%
1982 - - 4.73% 8.51%
1981 - - 5.74% 8.77%
1980 - - 7.51% 9.75%
1979 - - 9.14% 11.5%
1978 - - 6.54% 11.4%
1977 - - 10.5% 20.7%
1976 - - 12.8% 26%
1975 - - 13.2% 21.8%
1974 - - 9.52% 21.8%
1973 - - 9.35% 25.4%
1972 - - 11.4% 29.8%
1971 - - 11.7% 29.5%
1970 - - 12.2% 31.9%
1969 - - 11.2% 31.4%
1968 - - 12.3% 34.5%
1967 - - 11.5% 33.9%
1966 - - 9.12% 29.8%
1965 - - 14.2% 30.2%
1964 - - 15.8% 30.8%
1963 - - 15.3% 30.5%
1962 - - 12.5% 11.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

In 2025, Botswana's government spending was $6.98B, accounting for 35% of its GDP, while Ghana spent $19.4B, or 17% of GDP.

Debt-to-GDP ratio is 38.6% in Botswana and 48.8% in Ghana, ranking 137/185 and 108/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Ghana
1x
Year Deficit/surplus, % of GDP
Botswana Ghana
2025 -7.42% -1.35%
2024 -7.26% -6.23%
2023 -4.16% -3.37%
2022 0.04% -11.8%
2021 -2.33% -12%
2020 -10.9% -17.4%
2019 -8.53% -7.52%
2018 -5.03% -6.79%
2017 -1.14% -3.97%
2016 0.71% -6.75%
2015 -4.82% -4.01%
2014 3.9% -7.81%
2013 5.84% -9.12%
2012 0.89% -8.36%
2011 -0.12% -5.47%
2010 -7.95% -7.13%
2009 -13.8% -5.05%
2008 -7.61% -5.56%
2007 5.73% -4.91%
2006 13.3% -3.11%
2005 10.3% -1.87%
2004 1.35% -2.02%
2003 -0.18% -1.99%
2002 -3.94% -2.73%
2001 -2.91% -3.64%
2000 8.73% -3.98%
1999 5.95% -5.64%
1998 - -5.27%
1997 - -6.14%
1996 - -5.61%
1995 - -4.52%
1994 - -4.99%
1993 - -5.39%
1992 - -4.5%
1991 - -1.47%
1990 - -1.93%
1989 - -0.81%
1988 - -1.08%
1987 - -0.92%
1986 - -1.26%
1985 - -1.19%
1984 - -0.98%
1983 - -1.13%
1982 - -2.03%
1981 - -3.8%
1980 - -4.73%
1979 - -3.61%
1978 - -1.21%
1977 - -4.68%
1976 - -5.53%
1975 - -4.05%
1974 - -2.06%
1973 - -2.64%
1972 - -2.19%
1971 - 0.13%
1970 - -2.35%
1969 - -2.67%
1968 - -2.34%
1967 - -2.32%
1966 - -1.29%
1965 - -3.29%
1964 - -3.72%
1963 - -5.66%
1962 - -5.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

In 2025, Botswana's government deficit, the difference between spending and revenue, was $1.48B, equivalent to 7.42% of GDP. This compares to Ghana's deficit of $1.54B, or 1.35% of GDP.

Over the past 27 years, Botswana recorded a fiscal deficit in 16 of those years, while Ghana ran a deficit in 27 years. On average, Botswana posted an annual deficit equal to 1.16% of GDP, compared to deficit of 5.91% of GDP for Ghana.

Inflation comparison by year

Inflation
Botswana

Ghana
1x
Year Consumer prices inflation
Botswana Ghana
2025 2.66% 14.2%
2024 2.82% 22.8%
2023 5.07% 38.1%
2022 11.7% 31.3%
2021 7.24% 9.97%
2020 1.89% 9.89%
2019 2.77% 7.14%
2018 3.24% 7.81%
2017 3.31% 12.4%
2016 2.81% 17.5%
2015 3.06% 17.1%
2014 4.4% 15.5%
2013 5.88% 11.7%
2012 7.54% 11.2%
2011 8.46% 8.73%
2010 6.95% 10.7%
2009 8.03% 19.2%
2008 12.7% 16.5%
2007 7.08% 10.7%
2006 11.6% 11.7%
2005 8.61% 15.4%
2004 6.95% 18%
2003 9.19% 29.8%
2002 8.03% 9.36%
2001 6.56% 41.5%
2000 8.6% 40.2%
1999 7.75% 4.87%
1998 6.66% 14.6%
1997 8.72% 27.9%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.56%, compared with 17.4% in Ghana. In 2025, inflation was 2.66% in Botswana and 14.2% in Ghana.

Top exports between countries

Botswana
Export category Export value
Machinery & equipment $69K
Textiles & consumer goods $40K
Animal & marine products $15K
Metals $13K
Chemicals & pharma $2K
Miscellaneous $2K
Raw materials & minerals $1K
Ghana
Export category Export value
Textiles & consumer goods $146K
Machinery & equipment $27K
Metals $8K
Wood & paper products $5K
Chemicals & pharma $2K
Animal & marine products $1K

Balance of trade

Botswana Ghana
Current account balance
-$821M
2024
$9.39B
2025
Current account balance ranking
113/190
2024
25/190
2025
Current account balance, % of GDP
-4.26%
2024
+8.22%
2025
Goods imports
$6.86B
2024
$17.5B
2025
Goods exports
$4.66B
2024
$31.2B
2025
Service imports
$1.29B
2024
$14.6B
2025
Service exports
$935M
2024
$10.1B
2025
Imports of goods and services, % of GDP
37.5%
2025
33.9%
2024
Exports of goods and services, % of GDP
32%
2025
35.1%
2024

Economic freedom indices

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

Botswana Ghana
Economic freedom 67.7 57.3
Economic freedom ranking 53/197 118/197
Property rights 71.7 50.2
Government integrity 59.6 45.4
Judicial effectiveness 70.2 57.5
Tax burden 87.1 79.4
Government spending 69.8 84
Fiscal health 72.4 10.1
Business freedom 61.5 64.5
Labor freedom 60.7 54.9
Monetary freedom 72 56.7
Trade freedom 77 65.2
Investment freedom 50 60
Financial freedom 60 60

Economic freedom comparison by year

Botswana
Ghana
1x
Year Economic freedom index
Botswana Ghana
2026 67.7 57.3
2025 69.9 56
2024 68 55.8
2023 64.9 58
2022 64.8 59.8
2021 67.6 59.2
2020 69.6 59.4
2019 69.5 57.5
2018 69.9 56
2017 70.1 56.2
2016 71.1 63
2015 69.8 63
2014 72 64.2
2013 70.6 61.3
2012 69.6 60.7
2011 68.8 59.4
2010 70.3 60.2
2009 69.7 58.1
2008 68.2 57
2007 68.1 57.6
2006 68.8 55.6
2005 69.3 56.5
2004 69.9 59.1
2003 68.6 58.2
2002 66.2 57.2
2001 66.8 58
2000 65.8 58.1
1999 62.9 57.9
1998 62.8 57
1997 59.1 56.7
1996 61.6 57.7
1995 56.8 55.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 57.3 for Ghana, ranking 118/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Ghana
Services, % of GDP
64.6%
2025
42.9%
2025
Industry, % of GDP
27.9%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.78%
2025
21.3%
2025
GNI, Atlas method
$18.9B
2025
$92.3B
2025
GNI per capita, PPP
$19,960
2025
$8,080
2025
Total reserves including gold
$3.46B
2024
$4.47B
2024
Total reserves ranking
117/177
2024
108/177
2024
Net foreign direct investment
-$464M
2024
-$1.87B
2025
Net inflows of foreign direct investment
$467M
2024
$1.77B
2024
Net outflows of foreign direct investment
$3.02M
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI
1.45%
2024
3.5%
2024
Poverty at national poverty lines
16.1%
2015
23.4%
2016
Gross capital formation, % of GDP
29.2%
2025
9.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/botswana/ghana | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.