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Economy of Botswana vs Indonesia compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $1.4T for Indonesia, ranking 133/197 and 16/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Botswana vs Indonesia GDP by year

Botswana
Indonesia
1x
Year GDP, current $
Botswana Indonesia
2024 $19,402,063,513 $1,396,300,098,191
2023 $19,411,266,967 $1,371,169,301,564
2022 $20,321,150,599 $1,319,101,183,380
2021 $18,750,182,236 $1,186,509,691,087
2020 $14,960,251,608 $1,059,054,842,698
2019 $16,725,908,149 $1,119,099,871,350
2018 $17,031,943,186 $1,042,271,532,989
2017 $16,105,155,857 $1,015,618,744,160
2016 $15,082,637,184 $931,877,364,038
2015 $13,530,748,845 $860,854,232,686
2014 $15,470,088,501 $890,814,755,534
2013 $14,271,738,933 $912,524,136,718
2012 $13,907,464,500 $917,869,913,333
2011 $15,110,643,612 $892,969,104,563
2010 $12,637,273,429 $755,094,157,622
2009 $10,118,459,242 $539,580,085,612
2008 $10,730,829,116 $510,228,634,992
2007 $10,567,270,656 $432,216,737,775
2006 $9,919,158,482 $364,570,515,618
2005 $9,918,907,108 $285,868,619,196
2004 $8,957,467,707 $256,836,875,295
2003 $7,511,582,173 $234,772,463,824
2002 $5,438,863,983 $195,660,611,165
2001 $5,489,608,300 $160,446,947,785
2000 $5,788,329,609 $165,021,012,078
1999 $5,484,263,347 $140,001,351,215
1998 $4,790,481,509 $95,445,547,873
1997 $5,020,265,627 $215,748,998,610
1996 $4,847,757,218 $227,369,679,375
1995 $4,730,599,122 $202,132,028,723
1994 $4,259,259,604 $176,892,143,932
1993 $4,160,129,175 $158,006,700,302
1992 $4,146,464,587 $128,026,966,580
1991 $3,942,876,703 $116,621,996,217
1990 $3,790,636,324 $106,140,727,334
1989 $3,083,822,112 $94,451,427,877
1988 $2,644,554,159 $84,300,174,486
1987 $1,965,226,890 $75,929,617,558
1986 $1,392,602,164 $79,954,072,545
1985 $1,114,783,343 $85,289,488,375
1984 $1,240,822,167 $84,853,700,028
1983 $1,172,230,397 $81,052,283,384
1982 $1,014,945,696 $90,158,449,295
1981 $1,073,812,830 $85,518,233,419
1980 $1,060,889,704 $72,482,337,397
1979 $819,870,259 $51,400,186,343
1978 $590,407,374 $51,455,719,076
1977 $451,624,780 $45,808,915,663
1976 $372,025,093 $37,269,156,627
1975 $355,168,572 $30,463,855,422
1974 $306,044,208 $25,802,409,639
1973 $244,124,164 $16,273,253,012
1972 $164,460,915 $10,997,590,361
1971 $127,448,614 $9,333,536,370
1970 $96,243,234 $9,150,684,932
1969 $77,361,547 $8,337,423,313
1968 $66,248,441 $7,076,465,300
1967 $58,642,354 $5,667,756,628
1966 $51,465,655 -
1965 $45,788,696 -
1964 $41,616,348 -
1963 $38,091,843 -
1962 $35,644,957 -
1961 $32,902,613 -
1960 $30,411,414 -

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

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

GDP per capita in Botswana vs Indonesia by year

Botswana
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $4,925 $16,448
2023 $7,826 $21,012 $4,876 $15,416
2022 $8,329 $19,977 $4,731 $14,285
2021 $7,808 $17,961 $4,287 $12,757
2020 $6,323 $15,292 $3,854 $11,729
2019 $7,172 $15,960 $4,107 $11,986
2018 $7,408 $15,786 $3,861 $11,372
2017 $7,105 $15,701 $3,799 $10,688
2016 $6,749 $16,228 $3,521 $10,263
2015 $6,141 $14,144 $3,288 $10,028
2014 $7,122 $15,003 $3,441 $10,065
2013 $6,667 $13,621 $3,567 $9,866
2012 $6,596 $12,737 $3,632 $9,530
2011 $7,287 $13,635 $3,579 $8,937
2010 $6,216 $12,753 $3,066 $8,353
2009 $5,083 $11,686 $2,218 $7,868
2008 $5,503 $13,810 $2,125 $7,569
2007 $5,529 $13,389 $1,823 $7,096
2006 $5,292 $12,563 $1,558 $6,583
2005 $5,391 $11,458 $1,238 $6,134
2004 $4,957 $10,818 $1,127 $5,700
2003 $4,230 $10,439 $1,043 $5,353
2002 $3,117 $9,958 $881 $5,076
2001 $3,206 $9,420 $732 $4,849
2000 $3,451 $9,380 $764 $4,639
1999 $3,340 $9,188 $657 $4,386
1998 $2,981 $8,441 $455 $4,356
1997 $3,194 $8,497 $1,045 $5,037
1996 $3,156 $7,890 $1,119 $4,807
1995 $3,156 $7,503 $1,011 $4,451
1994 $2,917 $7,049 $900 $4,096
1993 $2,929 $6,847 $817 $3,793
1992 $3,005 $6,753 $674 $3,538
1991 $2,939 $6,598 $624 $3,305
1990 $2,903 $6,104 $578 $3,044
1989 $2,428 - $524 -
1988 $2,141 - $477 -
1987 $1,639 - $438 -
1986 $1,200 - $470 -
1985 $994 - $511 -
1984 $1,145 - $520 -
1983 $1,121 - $508 -
1982 $1,006 - $578 -
1981 $1,107 - $561 -
1980 $1,132 - $487 -
1979 $909 - $353 -
1978 $695 - $362 -
1977 $565 - $331 -
1976 $490 - $275.7 -
1975 $493 - $231.1 -
1974 $446 - $200.7 -
1973 $374 - $129.9 -
1972 $264.2 - $90.1 -
1971 $212.2 - $78.5 -
1970 $163 - $79.1 -
1969 $131.8 - $74.1 -
1968 $113.4 - $64.7 -
1967 $100.9 - $53.2 -
1966 $89.1 - - -
1965 $79.7 - - -
1964 $73.5 - - -
1963 $68.9 - - -
1962 $66 - - -
1961 $62.3 - - -
1960 $58.9 - - -

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

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

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Indonesia ranks 107th at $16,448.

Economic indicators

Botswana Indonesia
Gross domestic product
$19.4B
2024
$1.4T
2024
GDP rank
133/197
2024
16/197
2024
GDP growth
-2.99%
2023-2024
5.03%
2023-2024
GDP per capita
$7,696
2024
$4,925
2024
GDP per capita rank
97/197
2024
121/197
2024
GDP per capita, PPP
$20,538
2024
$16,448
2024
GDP per capita PPP rank
95/197
2024
107/197
2024
Government debt
$5.82B
2024
$561B
2024
Debt-to-GDP ratio
30%
2024
40.2%
2024
Government debt per person
$2,310
2024
$1,978
2024
Government debt per person rank
114/185
2024
120/185
2024
Average annual personal income after taxes
$5,271
2026
$3,371
2026
Market capitalization of domestic companies
$3.59B
2023
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10%
42.9%
2015
28.8%
2024
Income share by poorest 10%
1.4%
2015
3.5%
2024
Government expenditure, % of GDP
33.8%
2024
16.8%
2024
Consumer prices inflation
2.82%
2023-2024
2.18%
2023-2024
Central bank interest rate
1.9%
2024
4.75%
2025
Unemployment rate
24.4%
2024
3.31%
2023
Population
2615162
288551776

Spending and national debt comparison by year

Botswana
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Botswana Indonesia
Government spending Government debt Government spending Government debt
2024 33.8% 30% 16.8% 40.2%
2023 32.4% 22.5% 16.6% 39.6%
2022 29.5% 21.3% 17.3% 40.1%
2021 33% 23.4% 18.1% 41.1%
2020 38.5% 24.8% 18.4% 39.7%
2019 36.4% 21.3% 16.4% 30.6%
2018 35.9% 19.8% 16.6% 30.4%
2017 35% 19.8% 16.4% 29.4%
2016 34.2% 22.4% 16.9% 28%
2015 39.7% 25.7% 17.6% 27%
2014 36.4% 23.9% 18.4% 24.6%
2013 34.8% 24.7% 18.8% 24.9%
2012 38.3% 27.3% 18.8% 23%
2011 37.4% 28.1% 17.7% 23.1%
2010 44.7% 27.9% 16.9% 26.4%
2009 54.5% 23.5% 17% 26.5%
2008 48% 7.77% 19.4% 30.3%
2007 38.3% 6.12% 18.7% 38.1%
2006 34.1% 6.32% 18.4% 35.8%
2005 35% 7.74% 17.4% 42.6%
2004 42% 11.3% 17.8% 51.3%
2003 44% 7.29% 18.2% 55.6%
2002 46% 8.55% 16.9% 62.3%
2001 42.9% 7.61% 19.5% 73.7%
2000 39.8% 8.37% 15.3% 87.4%
1999 41.7% 9.68% 15.1% 95.9%
1998 44.3% 12% 15.1% 72.5%
1997 40% - 15.2% 26.4%
1996 37.2% - 11.5% 27.5%
1995 38.1% - 11.9% 32%
1994 39.2% - 13.5% 37%
1993 44.2% - 14.1% 40.4%
1992 43.4% - 16.8% 42.6%
1991 42.3% - 15% 39.2%
1990 40.5% - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 40.2% in Indonesia, ranking 158/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Indonesia
1x
Year Deficit/surplus, % of GDP
Botswana Indonesia
2024 -7.82% -2.3%
2023 -4.25% -1.64%
2022 -0.006% -2.31%
2021 -2.46% -4.4%
2020 -11.5% -6.07%
2019 -8.43% -2.09%
2018 -5.07% -1.69%
2017 -1.16% -2.26%
2016 0.72% -2.56%
2015 -5.06% -2.72%
2014 3.88% -1.8%
2013 6.07% -1.96%
2012 0.92% -1.59%
2011 -0.12% -0.7%
2010 -8.36% -1.24%
2009 -14.4% -1.64%
2008 -7.59% 0.05%
2007 5.92% -0.95%
2006 13.7% 0.45%
2005 10.7% 0.46%
2004 1.42% -0.26%
2003 -0.18% -1.08%
2002 -4.02% -0.58%
2001 -2.96% -1.76%
2000 8.95% -1.87%
1999 6.18% -0.96%
1998 - -1.89%
1997 - -1.03%
1996 - 0.96%
1995 - 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -2.95%
1991 - -0.87%
1990 - -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/botswana/indonesia | 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 Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Indonesia ran a deficit in 23 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to deficit of 1.67% of GDP for Indonesia.

Inflation comparison by year

Inflation
Botswana

Indonesia
1x
Year Consumer prices inflation
Botswana Indonesia
2024 2.82% 2.18%
2023 5.07% 3.67%
2022 11.7% 4.21%
2021 7.24% 1.56%
2020 1.89% 1.92%
2019 2.77% 3.03%
2018 3.24% 3.2%
2017 3.31% 3.81%
2016 2.81% 3.53%
2015 3.06% 6.36%
2014 4.4% 6.39%
2013 5.88% 6.41%
2012 7.54% 4.28%
2011 8.46% 5.36%
2010 6.95% 5.13%
2009 8.03% 4.39%
2008 12.7% 10.2%
2007 7.08% 6.41%
2006 11.6% 13.1%
2005 8.61% 10.5%
2004 6.95% 6.06%
2003 9.19% 6.76%
2002 8.03% 11.9%
2001 6.56% 11.5%
2000 8.6% 3.69%
1999 7.75% 20.5%
1998 6.66% 58.5%
1997 8.72% 6.23%

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

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

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 8.24% in Indonesia. In 2024, inflation was 2.82% in Botswana and 2.18% in Indonesia.

Top exports between countries

Botswana
Export category Export value
Chemicals & pharma $171K
Precious metals & jewellery $1K
Indonesia
Export category Export value
Machinery & equipment $480K
Chemicals & pharma $137K
Wood & paper products $80K
Textiles & consumer goods $37K
Animal & marine products $2K
Metals $1K
Miscellaneous $1K

Balance of trade

Botswana Indonesia
Current account balance
-$821M
2024
-$8.72B
2024
Current account balance ranking
118/190
2024
174/190
2024
Current account balance, % of GDP
-4.23%
2024
-0.62%
2024
Goods imports
$6.86B
2024
$223B
2024
Goods exports
$4.66B
2024
$263B
2024
Service imports
$1.29B
2024
$57.6B
2024
Service exports
$935M
2024
$39B
2024
Imports of goods and services, % of GDP
43.7%
2024
20.4%
2024
Exports of goods and services, % of GDP
27.4%
2024
22.2%
2024

Economic freedom indices

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

Botswana Indonesia
Economic freedom 67.7 65.1
Economic freedom ranking 53/197 67/197
Property rights 71.7 39.7
Government integrity 59.6 42
Judicial effectiveness 70.2 43.1
Tax burden 87.1 81.5
Government spending 69.8 91.4
Fiscal health 72.4 89.8
Business freedom 61.5 69.2
Labor freedom 60.7 56.8
Monetary freedom 72 79.4
Trade freedom 77 78.6
Investment freedom 50 50
Financial freedom 60 60

Economic freedom comparison by year

Botswana
Indonesia
1x
Year Economic freedom index
Botswana Indonesia
2026 67.7 65.1
2025 69.9 65.2
2024 68 63.5
2023 64.9 63.5
2022 64.8 64.4
2021 67.6 66.9
2020 69.6 67.2
2019 69.5 65.8
2018 69.9 64.2
2017 70.1 61.9
2016 71.1 59.4
2015 69.8 58.1
2014 72 58.5
2013 70.6 56.9
2012 69.6 56.4
2011 68.8 56
2010 70.3 55.5
2009 69.7 53.4
2008 68.2 53.2
2007 68.1 53.2
2006 68.8 51.9
2005 69.3 52.9
2004 69.9 52.1
2003 68.6 55.8
2002 66.2 54.8
2001 66.8 52.5
2000 65.8 55.2
1999 62.9 61.5
1998 62.8 63.4
1997 59.1 62
1996 61.6 61
1995 56.8 54.9

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Indonesia
Services, % of GDP
63.5%
2024
43.8%
2024
Industry, % of GDP
29.4%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
12.6%
2024
GNI, Atlas method
$19.5B
2024
$1.39T
2024
GNI per capita, PPP
$20,570
2024
$16,010
2024
Total reserves including gold
$3.46B
2024
$156B
2024
Total reserves ranking
113/177
2024
20/177
2024
Net foreign direct investment
-$464M
2024
-$15.9B
2024
Net inflows of foreign direct investment
$467M
2024
$24.2B
2024
Net outflows of foreign direct investment
$3.02M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
5.65%
2024
Poverty at national poverty lines
16.1%
2015
9%
2024
Gross capital formation, % of GDP
36%
2024
31.4%
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/indonesia | 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 (1951–1999, 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)

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.