Botswana vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Botswana ranked 117th with $18.6B. By GDP 5-years average growth and GDP per capita, Norway and Botswana ranked 142nd vs 96th and 5th vs 84th, respectively.

Gross Domestic Product & Income

Stat	Botswana	Norway
GDP	$18.6B	$434.2B
GDP growth, 1 year	4.6%	1.4%
GDP growth, 5-years average	2.9%	1.7%
Population	2.3M	5.4M
GDP per capita	$8.3k	$82k
GDP per capita growth	2.18%	0.58%
Purchasing Power Parity conversion factor	4.52	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.44	1.25
GDP per capita, PPP adjusted	$18k	$74k
GNI, Atlas method	$17.5B	$428.4B
GNI per capita	$7.8k	$81k
GNI, PPP adjusted	$40.6B	$363B
GNI per capita, PPP adjusted	$18k	$68k

Financial system and Human development

Stat	Botswana	Norway
Income Tax Rate	25%	47.8%
Corporate Tax Rate	22%	22%
Inflation, consumer prices	3.2%	2.8%
Inflation, GDP deflator	0.9%	5.8%
Unemployment	17.9%	3.9%
Economic Freedom Index	69.6	73.4
Personal Freedom Index	6.75	9.55
Human Freedom Index	6.81	8.61
Property Rights Index	60.9	84.3
Judical Effectiveness Index	45.2	82.8
Business Freedom Index	69.3	86.1
Fiscal Health Index	97.5	97.3
Labor Freedom Index	68.2	57.4
Investment Freedom Index	65	75
Financial Freedom Index	70	60
Trade Freedom Index	82.8	83.8
Monetary Freedom Index	73.6	74.8
Government Spending Index	69.1	25.6
Tax Burden Index	87	57.7
Government Integrity Index	46.4	95.6
Corruption Perceptions Index	61	84
Life expectancy at birth, years	68.8	82.5
Suicide mortality rate, per 100,000 people	9.3	12.2
Mortality caused by road traffic injury, per 100,000 people	23.8	2.7
Intentional homicides, per 100,000 people	15	0.5
International tourism, number of arrivals	1.6M	5.7M

Government debt & reserves

Stat	Botswana	Norway
Central government debt, % of GDP	12.9%	36.8%
External debt stocks, % of GNI	9.7%	N/A
External debt stocks	$1.7B	N/A
Short-term debt, % of total reserves	3.8%	N/A
Total debt service, % of exports and primary income	2.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	26.6%	16.9%
Gross savings, % of GDP	37%	35.9%
Gross capital formation, % of GDP	29.5%	27.3%
Total reserves including gold	$6.7B	$63.1B
Foreign direct investment net inflows	$228.7M	-$17.4B

Exports, imports and economic structure

Stat	Botswana	Norway
Exports of goods and services, % of GDP	39.4%	38.4%
Imports of goods and services, % of GDP	37.8%	32.6%
Current account balance (balance of payments)	$345.3M	$31.4B
Revenue excluding grants, % of GDP	26.8%	47.4%
Grants excluding technical cooperation, BoP	$69.7M	N/A
Personal remittances received	$31.6M	$644.3M
Industry including construction value added, % of GDP	29.3%	32%
Agriculture, forestry and fishing value added, % of GDP	2%	1.9%
Charges for the use of intellectual property, payments BoP	$116.6M	$768.9M
Charges for the use of intellectual property, receipts BoP	$603k	$515.2M
Expense, % of GDP	23.6%	37.7%
Government Expenditure, % of GDP	32.1%	49.8%