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Economy of Botswana vs Greece compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $256B for Greece, ranking 133/197 and 53/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $397B (154.8% of GDP) in Greece.

Botswana vs Greece GDP by year

Botswana
Greece
1x
Year GDP, current $
Botswana Greece
2024 $19,402,063,513 $256,238,371,778
2023 $19,411,266,967 $242,946,187,738
2022 $20,321,150,599 $217,990,189,601
2021 $18,750,182,236 $218,303,801,895
2020 $14,960,251,608 $191,362,985,555
2019 $16,725,908,149 $207,305,649,887
2018 $17,031,943,186 $213,298,873,494
2017 $16,105,155,857 $200,381,103,984
2016 $15,082,637,184 $193,097,239,006
2015 $13,530,748,845 $194,567,373,678
2014 $15,470,088,501 $233,911,581,521
2013 $14,271,738,933 $236,556,279,641
2012 $13,907,464,500 $238,841,140,018
2011 $15,110,643,612 $283,228,079,776
2010 $12,637,273,429 $296,417,644,404
2009 $10,118,459,242 $326,829,054,686
2008 $10,730,829,116 $351,121,399,546
2007 $10,567,270,656 $314,226,996,944
2006 $9,919,158,482 $269,073,415,334
2005 $9,918,907,108 $242,315,668,619
2004 $8,957,467,707 $234,979,615,898
2003 $7,511,582,173 $196,930,509,813
2002 $5,438,863,983 $150,253,800,086
2001 $5,489,608,300 $132,050,474,720
2000 $5,788,329,609 $125,760,166,225
1999 $5,484,263,347 $137,131,371,955
1998 $4,790,481,509 $139,612,812,176
1997 $5,020,265,627 $138,766,067,640
1996 $4,847,757,218 $142,502,984,145
1995 $4,730,599,122 $134,974,613,914
1994 $4,259,259,604 $114,980,063,202
1993 $4,160,129,175 $107,295,704,518
1992 $4,146,464,587 $114,608,178,405
1991 $3,942,876,703 $103,680,863,713
1990 $3,790,636,324 $96,529,587,274
1989 $3,083,822,112 $78,067,933,277
1988 $2,644,554,159 $75,200,610,137
1987 $1,965,226,890 $64,739,630,096
1986 $1,392,602,164 $55,595,445,472
1985 $1,114,783,343 $47,155,741,426
1984 $1,240,822,167 $47,352,146,312
1983 $1,172,230,397 $48,741,397,059
1982 $1,014,945,696 $53,858,346,939
1981 $1,073,812,830 $51,618,456,335
1980 $1,060,889,704 $56,039,256,595
1979 $819,870,259 $53,724,121,435
1978 $590,407,374 $43,654,480,519
1977 $451,624,780 $35,673,080,481
1976 $372,025,093 $30,719,552,239
1975 $355,168,572 $28,129,128,587
1974 $306,044,208 $24,998,715,909
1973 $244,124,164 $22,037,019,563
1972 $164,460,915 $16,650,659,091
1971 $127,448,614 $14,388,806,818
1970 $96,243,234 $12,957,113,636
1969 $77,361,547 $11,454,106,327
1968 $66,248,441 $9,950,331,206
1967 $58,642,354 $9,146,592,856
1966 $51,465,655 $8,472,021,467
1965 $45,788,696 $7,582,209,670
1964 $41,616,348 $6,576,906,345
1963 $38,091,843 $5,813,285,627
1962 $35,644,957 $5,140,542,929
1961 $32,902,613 $4,892,397,431
1960 $30,411,414 $4,274,890,307

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Botswana vs Greece by year

Botswana
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $24,626 $44,327
2023 $7,826 $21,012 $23,344 $42,711
2022 $8,329 $19,977 $20,887 $39,612
2021 $7,808 $17,961 $20,655 $33,531
2020 $6,323 $15,292 $17,887 $29,533
2019 $7,172 $15,960 $19,335 $31,927
2018 $7,408 $15,786 $19,873 $29,792
2017 $7,105 $15,701 $18,632 $28,682
2016 $6,749 $16,228 $17,919 $27,505
2015 $6,141 $14,144 $17,981 $26,608
2014 $7,122 $15,003 $21,475 $26,450
2013 $6,667 $13,621 $21,573 $25,731
2012 $6,596 $12,737 $21,624 $24,583
2011 $7,287 $13,635 $25,505 $25,693
2010 $6,216 $12,753 $26,653 $27,839
2009 $5,083 $11,686 $29,425 $29,963
2008 $5,503 $13,810 $31,696 $30,441
2007 $5,529 $13,389 $28,441 $28,896
2006 $5,292 $12,563 $24,416 $28,076
2005 $5,391 $11,458 $22,054 $25,004
2004 $4,957 $10,818 $21,449 $24,826
2003 $4,230 $10,439 $18,021 $23,253
2002 $3,117 $9,958 $13,782 $21,985
2001 $3,206 $9,420 $12,157 $20,304
2000 $3,451 $9,380 $11,638 $18,820
1999 $3,340 $9,188 $12,743 $17,758
1998 $2,981 $8,441 $13,023 $17,434
1997 $3,194 $8,497 $13,016 $16,630
1996 $3,156 $7,890 $13,433 $15,778
1995 $3,156 $7,503 $12,779 $15,218
1994 $2,917 $7,049 $10,937 $14,667
1993 $2,929 $6,847 $10,257 $14,150
1992 $3,005 $6,753 $11,021 $14,130
1991 $2,939 $6,598 $10,047 $13,824
1990 $2,903 $6,104 $9,467 $13,126
1989 $2,428 - $7,738 -
1988 $2,141 - $7,492 -
1987 $1,639 - $6,474 -
1986 $1,200 - $5,578 -
1985 $994 - $4,747 -
1984 $1,145 - $4,785 -
1983 $1,121 - $4,950 -
1982 $1,006 - $5,502 -
1981 $1,107 - $5,305 -
1980 $1,132 - $5,812 -
1979 $909 - $5,627 -
1978 $695 - $4,629 -
1977 $565 - $3,832 -
1976 $490 - $3,343 -
1975 $493 - $3,109 -
1974 $446 - $2,789 -
1973 $374 - $2,468 -
1972 $264.2 - $1,873 -
1971 $212.2 - $1,629 -
1970 $163 - $1,474 -
1969 $131.8 - $1,306 -
1968 $113.4 - $1,138 -
1967 $100.9 - $1,053 -
1966 $89.1 - $984 -
1965 $79.7 - $887 -
1964 $73.5 - $773 -
1963 $68.9 - $686 -
1962 $66 - $608 -
1961 $62.3 - $583 -
1960 $58.9 - $513 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Greece ranks 52nd at $44,327.

Economic indicators

Botswana Greece
Gross domestic product
$19.4B
2024
$256B
2024
GDP rank
133/197
2024
53/197
2024
GDP growth
-2.99%
2023-2024
2.09%
2023-2024
GDP per capita
$7,696
2024
$24,626
2024
GDP per capita rank
97/197
2024
49/197
2024
GDP per capita, PPP
$20,538
2024
$44,327
2024
GDP per capita PPP rank
95/197
2024
52/197
2024
Government debt
$5.82B
2024
$397B
2024
Debt-to-GDP ratio
30%
2024
154.8%
2024
Government debt per person
$2,310
2024
$38,119
2024
Government debt per person rank
114/185
2024
16/185
2024
Average annual personal income after taxes
$5,271
2026
$14,396
2026
Market capitalization of domestic companies
$3.59B
2023
$83.2B
2024
Number of billionaires n/a
16
2025
Income share by richest 10%
42.9%
2015
26%
2023
Income share by poorest 10%
1.4%
2015
2.7%
2023
Government expenditure, % of GDP
33.8%
2024
48%
2024
Consumer prices inflation
2.82%
2023-2024
2.74%
2023-2024
Central bank interest rate
1.9%
2024
n/a
Unemployment rate
24.4%
2024
10%
2024
Population
2615162
10181414

Spending and national debt comparison by year

Botswana
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Botswana Greece
Government spending Government debt Government spending Government debt
2024 33.8% 30% 48% 154.8%
2023 32.4% 22.5% 49.5% 165.2%
2022 29.5% 21.3% 52.8% 178.4%
2021 33% 23.4% 56.7% 197.8%
2020 38.5% 24.8% 59.3% 209.9%
2019 36.4% 21.3% 47.6% 183.7%
2018 35.9% 19.8% 48.6% 189.6%
2017 35% 19.8% 48.5% 182.6%
2016 34.2% 22.4% 50.3% 183.7%
2015 39.7% 25.7% 51.9% 180%
2014 36.4% 23.9% 51.5% 182.8%
2013 34.8% 24.7% 53% 180.5%
2012 38.3% 27.3% 54.9% 164.3%
2011 37.4% 28.1% 55.1% 175.1%
2010 44.7% 27.9% 53.1% 147.8%
2009 54.5% 23.5% 54.8% 128.5%
2008 48% 7.77% 51.5% 110.9%
2007 38.3% 6.12% 47.8% 104.6%
2006 34.1% 6.32% 45.9% 105.3%
2005 35% 7.74% 46.6% 109.9%
2004 42% 11.3% 48.8% 105.5%
2003 44% 7.29% 47.9% 104.3%
2002 46% 8.55% 47.1% 107.9%
2001 42.9% 7.61% 47.5% 110.5%
2000 39.8% 8.37% 48.2% 108.9%
1999 41.7% 9.68% 48% 102.8%
1998 44.3% 12% 46.7% 100.8%
1997 40% - 45.1% 102.6%
1996 37.2% - 46.1% 103.7%
1995 38.1% - 46.6% 100.4%
1994 39.2% - 36.9% 99.7%
1993 44.2% - 38.6% 101.7%
1992 43.4% - 36.9% 81.1%
1991 42.3% - 35.2% 75.7%
1990 40.5% - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 154.8% in Greece, ranking 158/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Greece
1x
Year Deficit/surplus, % of GDP
Botswana Greece
2024 -7.82% 1.34%
2023 -4.25% -1.35%
2022 -0.006% -2.46%
2021 -2.46% -7.58%
2020 -11.5% -10.3%
2019 -8.43% -0.09%
2018 -5.07% 0.78%
2017 -1.16% 1.05%
2016 0.72% 0.28%
2015 -5.06% -3.03%
2014 3.88% -4.29%
2013 6.07% -4.06%
2012 0.92% -6.94%
2011 -0.12% -10.5%
2010 -8.36% -11.4%
2009 -14.4% -15.4%
2008 -7.59% -10.3%
2007 5.92% -6.81%
2006 13.7% -6.04%
2005 10.7% -6.33%
2004 1.42% -9.05%
2003 -0.18% -8.05%
2002 -4.02% -6.2%
2001 -2.96% -5.64%
2000 8.95% -4.21%
1999 6.18% -6.02%
1998 - -6.48%
1997 - -6.25%
1996 - -8.35%
1995 - -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Botswana's government deficit, the difference between spending and revenue, was $1.52B, equivalent to 7.82% of GDP. This compares to Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Greece ran a deficit in 22 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to deficit of 5.49% of GDP for Greece.

Inflation comparison by year

Inflation
Botswana

Greece
1x
Year Consumer prices inflation
Botswana Greece
2024 2.82% 2.74%
2023 5.07% 3.46%
2022 11.7% 9.65%
2021 7.24% 1.22%
2020 1.89% -1.25%
2019 2.77% 0.25%
2018 3.24% 0.63%
2017 3.31% 1.12%
2016 2.81% -0.83%
2015 3.06% -1.74%
2014 4.4% -1.31%
2013 5.88% -0.92%
2012 7.54% 1.5%
2011 8.46% 3.33%
2010 6.95% 4.71%
2009 8.03% 1.21%
2008 12.7% 4.15%
2007 7.08% 2.9%
2006 11.6% 3.2%
2005 8.61% 3.55%
2004 6.95% 2.9%
2003 9.19% 3.53%
2002 8.03% 3.63%
2001 6.56% 3.37%
2000 8.6% 3.15%
1999 7.75% 2.64%
1998 6.66% 4.77%
1997 8.72% 5.54%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 2.4% in Greece. In 2024, inflation was 2.82% in Botswana and 2.74% in Greece.

Top exports between countries

Botswana
Export category Export value
Animal & marine products $804K
Precious metals & jewellery $19K
Miscellaneous $8K
Greece
Export category Export value
Machinery & equipment $1.14M
Chemicals & pharma $79K
Precious metals & jewellery $21K
Wood & paper products $5K
Processed food, beverages & tobacco $2K
Metals $1K
Raw materials & minerals $1K

Balance of trade

Botswana Greece
Current account balance
-$821M
2024
-$18.2B
2024
Current account balance ranking
118/190
2024
182/190
2024
Current account balance, % of GDP
-4.23%
2024
-7.11%
2024
Goods imports
$6.86B
2024
$91.2B
2024
Goods exports
$4.66B
2024
$52.6B
2024
Service imports
$1.29B
2024
$31.1B
2024
Service exports
$935M
2024
$55.8B
2024
Imports of goods and services, % of GDP
43.7%
2024
47.7%
2024
Exports of goods and services, % of GDP
27.4%
2024
42.1%
2024

Economic freedom indices

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

Botswana Greece
Economic freedom 67.7 63.2
Economic freedom ranking 53/197 82/197
Property rights 71.7 78
Government integrity 59.6 54.8
Judicial effectiveness 70.2 68
Tax burden 87.1 59.9
Government spending 69.8 24.7
Fiscal health 72.4 78.9
Business freedom 61.5 77.8
Labor freedom 60.7 59.7
Monetary freedom 72 72.6
Trade freedom 77 79.4
Investment freedom 50 55
Financial freedom 60 50

Economic freedom comparison by year

Botswana
Greece
1x
Year Economic freedom index
Botswana Greece
2026 67.7 63.2
2025 69.9 60.6
2024 68 55.1
2023 64.9 56.9
2022 64.8 61.5
2021 67.6 60.9
2020 69.6 59.9
2019 69.5 57.7
2018 69.9 57.3
2017 70.1 55
2016 71.1 53.2
2015 69.8 54
2014 72 55.7
2013 70.6 55.4
2012 69.6 55.4
2011 68.8 60.3
2010 70.3 62.7
2009 69.7 60.8
2008 68.2 60.6
2007 68.1 58.7
2006 68.8 60.1
2005 69.3 59
2004 69.9 59.1
2003 68.6 58.8
2002 66.2 59.1
2001 66.8 63.4
2000 65.8 61
1999 62.9 61
1998 62.8 60.6
1997 59.1 59.6
1996 61.6 60.5
1995 56.8 61.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Greece
Services, % of GDP
63.5%
2024
68%
2024
Industry, % of GDP
29.4%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
3.77%
2024
GNI, Atlas method
$19.5B
2024
$236B
2024
GNI per capita, PPP
$20,570
2024
$43,340
2024
Total reserves including gold
$3.46B
2024
$15.2B
2024
Total reserves ranking
113/177
2024
67/177
2024
Net foreign direct investment
-$464M
2024
-$4.52B
2024
Net inflows of foreign direct investment
$467M
2024
$6.74B
2024
Net outflows of foreign direct investment
$3.02M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
n/a
Poverty at national poverty lines
16.1%
2015
18.8%
2021
Gross capital formation, % of GDP
36%
2024
18.3%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.