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Economy of Botswana vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $99B for Sri Lanka, ranking 133/197 and 71/197 by economy size, respectively.

Botswana has $6.36B in government debt (43.8% of GDP), compared to $98.4B (105.6% of GDP) in Sri Lanka.

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 $
Sri Lanka
GDP, current $

GDP, constant 2015 $
Year GDP
Botswana Sri Lanka
Current $ Constant $ Current $ Constant $
1960 $30,411,414 $203,297,646 $1,409,873,950 -
1961 $32,902,613 $216,193,393 $1,444,327,731 $6,526,664,116
1962 $35,644,957 $230,606,288 $1,434,156,379 $6,775,853,428
1963 $38,091,843 $244,260,590 $1,240,672,269 $6,946,384,624
1964 $41,616,348 $260,949,209 $1,309,747,899 $7,217,740,543
1965 $45,788,696 $276,120,679 $1,698,319,328 $7,400,851,267
1966 $51,465,655 $293,637,827 $1,751,470,588 $7,772,654,452
1967 $58,642,354 $311,034,576 $1,859,465,021 $8,273,137,570
1968 $66,248,441 $343,901,776 $1,801,344,538 $8,753,070,071
1969 $77,361,547 $395,911,433 $1,965,546,218 $9,428,528,703
1970 $96,243,234 $463,692,530 $2,296,470,588 $9,791,209,303
1971 $127,448,614 $583,423,076 $2,369,308,600 $9,919,171,146
1972 $164,460,915 $737,224,723 $2,553,936,348 $9,878,454,941
1973 $244,124,164 $894,277,062 $2,875,625,000 $10,575,616,915
1974 $306,044,208 $972,953,727 $3,574,586,466 $10,982,337,251
1975 $355,168,572 $1,055,131,835 $3,791,298,146 $11,655,140,838
1976 $372,025,093 $1,167,475,696 $3,591,319,857 $12,043,852,220
1977 $451,624,780 $1,307,713,345 $4,104,509,583 $12,658,159,773
1978 $590,407,374 $1,495,145,304 $2,733,183,857 $13,373,831,476
1979 $819,870,259 $1,676,784,361 $3,364,611,432 $14,230,232,388
1980 $1,060,889,704 $1,877,778,848 $4,024,621,900 $15,062,135,547
1981 $1,073,812,830 $2,047,996,824 $4,415,844,156 $15,920,605,692
1982 $1,014,945,696 $2,297,146,530 $4,768,765,017 $16,579,956,893
1983 $1,172,230,397 $2,599,146,161 $5,167,913,302 $17,378,114,521
1984 $1,240,822,167 $2,821,253,171 $6,043,474,843 $18,264,250,049
1985 $1,114,783,343 $3,022,275,113 $5,978,460,972 $19,177,354,129
1986 $1,392,602,164 $3,269,283,371 $6,405,210,564 $20,012,632,786
1987 $1,965,226,890 $3,657,737,272 $6,682,167,120 $20,357,972,917
1988 $2,644,554,159 $4,369,166,056 $6,978,371,581 $20,861,361,467
1989 $3,083,822,112 $4,939,753,185 $6,987,267,684 $21,341,027,046
1990 $3,790,636,324 $5,274,313,873 $8,032,551,173 $22,706,851,776
1991 $3,942,876,703 $5,667,709,608 $9,000,362,582 $23,751,364,061
1992 $4,146,464,587 $5,833,040,675 $9,703,011,636 $24,796,422,002
1993 $4,160,129,175 $5,944,807,979 $10,338,679,636 $26,507,390,805
1994 $4,259,259,604 $6,160,480,628 $11,717,604,209 $27,991,783,146
1995 $4,730,599,122 $6,593,587,690 $13,029,697,561 $29,531,355,077
1996 $4,847,757,218 $6,977,980,666 $13,897,738,375 $30,653,536,886
1997 $5,020,265,627 $7,558,959,722 $15,091,913,884 $32,617,018,444
1998 $4,790,481,509 $7,592,496,073 $15,794,972,847 $34,149,503,956
1999 $5,484,263,347 $8,326,480,944 $15,656,327,860 $35,618,117,204
2000 $5,788,329,609 $8,491,986,059 $16,330,814,180 $37,755,216,046
2001 $5,489,608,300 $8,513,264,764 $15,749,753,805 $37,171,743,867
2002 $5,438,863,983 $9,029,979,997 $16,536,535,647 $38,645,482,957
2003 $7,511,582,173 $9,447,697,368 $18,881,765,437 $40,941,128,632
2004 $8,957,467,707 $9,703,335,214 $20,662,525,941 $43,170,398,174
2005 $9,918,907,108 $10,145,481,816 $24,405,791,045 $45,864,985,657
2006 $9,919,158,482 $10,994,036,837 $28,279,802,406 $49,382,046,638
2007 $10,567,270,656 $11,630,872,553 $32,350,238,760 $52,738,458,482
2008 $10,730,829,116 $12,009,117,014 $40,713,826,215 $55,876,443,248
2009 $10,118,459,242 $10,310,519,328 $42,066,224,093 $57,853,861,433
2010 $12,637,273,429 $11,353,915,358 $58,636,161,082 $62,491,408,088
2011 $15,110,643,612 $12,130,342,698 $67,753,284,044 $67,909,090,095
2012 $13,907,464,500 $12,109,617,145 $70,447,216,891 $73,771,125,926
2013 $14,271,738,933 $13,454,136,660 $77,000,578,167 $76,760,144,813
2014 $15,470,088,501 $14,220,638,229 $82,528,535,714 $81,655,890,647
2015 $13,530,748,845 $13,530,748,845 $85,090,301,052 $85,090,301,052
2016 $15,082,637,184 $14,505,561,464 $88,000,211,172 $89,390,445,685
2017 $16,105,155,857 $15,102,375,175 $94,369,350,286 $95,165,677,467
2018 $17,031,943,186 $15,734,967,215 $94,450,015,983 $97,364,084,799
2019 $16,725,908,149 $16,212,015,761 $88,998,706,297 $97,149,412,680
2020 $14,960,251,611 $14,796,887,969 $84,335,574,582 $92,656,723,482
2021 $18,750,182,235 $16,560,125,448 $88,556,698,938 $96,555,233,344
2022 $20,321,150,598 $17,468,616,756 $74,143,020,263 $89,459,202,881
2023 $19,411,266,967 $18,029,021,881 $83,716,142,582 $87,374,939,262
2024 $19,400,774,882 $17,489,977,782 $98,963,185,510 $91,751,304,717

Economic indicators

Botswana Sri Lanka
Gross domestic product
$19.4B
2024
$99B
2024
GDP rank
133/197
2024
71/197
2024
GDP growth
-0.05%
2023-2024
18.2%
2023-2024
GDP per capita
$7,695
2024
$4,516
2024
GDP per capita rank
98/197
2024
125/197
2024
GDP per capita, PPP
$20,538
2024
$15,633
2024
Government debt
$6.36B
2024
$98.4B
2024
Debt-to-GDP ratio
43.8%
2025
105.6%
2025
Government debt per person
$2,523
2024
$4,490
2024
Government debt per person rank
110/185
2024
86/185
2024
Average annual personal income after taxes
$4,596
2025
$2,982
2025
Market capitalization of domestic companies
$3.59B
2023
$19.5B
2024
Income share by richest 10%
42.9%
2015
30.8%
2019
Income share by poorest 10%
1.4%
2015
3.1%
2019
Government expenditure, % of GDP
34.9%
2025
20.2%
2025
Consumer prices inflation
2.82%
2023-2024
-0.43%
2023-2024
Central bank interest rate
1.9%
2024
7.75%
2025
Unemployment rate
24.4%
2024
4.53%
2022
Population
2595266
22125995

GDP per capita in Botswana vs Sri Lanka

Botswana's GDP per capita is $7,695, ranking 98/197, compared to $4,516 in Sri Lanka, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 93rd at $20,538, while Sri Lanka ranks 112th at $15,633.

Botswana
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
Year Current $
Botswana Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $58.9 - $145.9 -
1961 $62.3 - $145.9 -
1962 $66 - $141.4 -
1963 $68.9 - $119.4 -
1964 $73.5 - $122.9 -
1965 $79.7 - $155.6 -
1966 $89.1 - $156.6 -
1967 $100.9 - $162.3 -
1968 $113.4 - $153.5 -
1969 $131.8 - $163.6 -
1970 $163 - $186.9 -
1971 $212.2 - $188.8 -
1972 $264.2 - $199.4 -
1973 $374 - $220.2 -
1974 $446 - $268.7 -
1975 $493 - $279.8 -
1976 $490 - $260.3 -
1977 $565 - $292.1 -
1978 $695 - $191 -
1979 $909 - $230.8 -
1980 $1,132 - $271.1 -
1981 $1,107 - $292.5 -
1982 $1,006 - $312 -
1983 $1,121 - $336 -
1984 $1,145 - $391 -
1985 $994 - $385 -
1986 $1,200 - $407 -
1987 $1,639 - $420 -
1988 $2,141 - $434 -
1989 $2,428 - $430 -
1990 $2,903 $5,978 $491 $2,527
1991 $2,939 $6,463 $546 $2,713
1992 $3,005 $6,614 $580 $2,851
1993 $2,929 $6,706 $607 $3,067
1994 $2,917 $6,903 $678 $3,260
1995 $3,156 $7,348 $742 $3,454
1996 $3,156 $7,728 $776 $3,582
1997 $3,194 $8,322 $827 $3,804
1998 $2,981 $8,268 $849 $3,952
1999 $3,340 $8,999 $826 $4,103
2000 $3,451 $9,187 $846 $4,368
2001 $3,206 $9,226 $804 $4,328
2002 $3,117 $9,753 $835 $4,522
2003 $4,230 $10,224 $946 $4,850
2004 $4,957 $10,596 $1,029 $5,216
2005 $5,391 $11,222 $1,207 $5,679
2006 $5,292 $12,304 $1,390 $6,261
2007 $5,529 $13,113 $1,579 $6,820
2008 $5,503 $13,526 $1,974 $7,317
2009 $5,083 $11,446 $2,027 $7,576
2010 $6,216 $12,491 $2,808 $8,234
2011 $7,287 $13,355 $3,225 $9,076
2012 $6,596 $12,475 $3,328 $10,249
2013 $6,667 $13,341 $3,741 $11,253
2014 $7,122 $15,003 $3,972 $11,721
2015 $6,141 $14,144 $4,058 $12,227
2016 $6,749 $16,228 $4,149 $13,079
2017 $7,105 $15,701 $4,399 $13,610
2018 $7,408 $15,786 $4,359 $14,178
2019 $7,172 $15,960 $4,082 $14,113
2020 $6,323 $15,292 $3,848 $12,941
2021 $7,808 $17,961 $3,997 $14,316
2022 $8,329 $19,977 $3,343 $14,194
2023 $7,826 $21,012 $3,799 $14,456
2024 $7,695 $20,538 $4,516 $15,633

Spending and national debt comparison

In 2024, Botswana's government spending was $6.74B, accounting for 34.9% of its GDP, while Sri Lanka's spent $19.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 43.8% in Botswana and 105.6% in Sri Lanka, ranking 122/185 and 18/185, respectively.

Botswana
Government spending

Government debt
Sri Lanka
Government spending

Government debt
Year % of GDP
Botswana Sri Lanka
Government spending Government debt Government spending Government debt
1990 40.5% - 25.4% 78.9%
1991 42.3% - 26.4% 80.5%
1992 43.4% - 23% 77.9%
1993 44.2% - 23.2% 79.2%
1994 39.2% - 24.1% 77.9%
1995 38.1% - 24.8% 77.8%
1996 37.2% - 23.1% 76.2%
1997 40% - 21.4% 70.1%
1998 44.3% 12% 21.4% 74.2%
1999 41.7% 9.68% 20.5% 77.7%
2000 39.8% 8.37% 21.7% 79.2%
2001 42.9% 7.61% 22.4% 84.4%
2002 46% 8.55% 20.8% 96.3%
2003 44% 7.29% 19.3% 86.5%
2004 42% 11.3% 19.3% 86.5%
2005 35% 7.74% 20.1% 76.6%
2006 34.1% 6.32% 20.5% 74.3%
2007 38.3% 6.12% 19.9% 71.8%
2008 48% 7.77% 19.1% 68.8%
2009 54.5% 23.5% 21% 72.8%
2010 44.7% 27.9% 19.3% 68.7%
2011 37.4% 28.1% 19.1% 69.4%
2012 38.3% 27.3% 17.3% 67.5%
2013 34.8% 24.7% 16.6% 69.5%
2014 36.4% 23.9% 17.2% 69.6%
2015 39.7% 25.7% 19.3% 76.3%
2016 34.2% 22.4% 18.2% 75%
2017 35% 19.8% 17.9% 72.3%
2018 35.9% 19.8% 17.5% 83.6%
2019 36.4% 21.3% 19.5% 82.6%
2020 38.5% 24.8% 22.1% 96.9%
2021 33% 23.4% 20% 102.7%
2022 29.5% 21.3% 18.6% 115.9%
2023 32.3% 22.5% 19.5% 110.4%
2024 34.7% 32.8% 19.3% 99.4%
2025 34.9% 43.8% 20.2% 105.6%

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 Sri Lanka's deficit of -$5.58B, or -5.64% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Sri Lanka ran a deficit in 26 years. On average, Botswana posted an annual deficit equal to -1.05% of GDP, compared to deficit of -6.95% of GDP for Sri Lanka.

Deficit/surplus
Botswana

Sri Lanka
Year Deficit/surplus, % of GDP
Botswana Sri Lanka
1990 - -6.39%
1991 - -7.97%
1992 - -4.95%
1993 - -5.77%
1994 - -7.41%
1995 - -7.11%
1996 - -6.89%
1997 - -5.71%
1998 - -6.79%
1999 6.18% -5.58%
2000 8.95% -7.78%
2001 -2.96% -8.48%
2002 -4.02% -6.9%
2003 -0.18% -6.15%
2004 1.42% -6.32%
2005 10.7% -5.93%
2006 13.7% -5.91%
2007 5.92% -5.81%
2008 -7.59% -5.93%
2009 -14.4% -8.33%
2010 -8.36% -6.73%
2011 -0.12% -6.01%
2012 0.92% -5.44%
2013 6.07% -5%
2014 3.88% -5.99%
2015 -5.06% -6.64%
2016 0.72% -5%
2017 -1.16% -5.1%
2018 -5.07% -4.96%
2019 -8.43% -7.52%
2020 -11.5% -13.4%
2021 -2.46% -11.7%
2022 -0.006% -10.2%
2023 -4.18% -8.32%
2024 -10.3% -5.64%
2025 -11.2% -5.49%

Inflation comparison by year

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.81%, compared with 9.57% in Sri Lanka. In 2024, inflation was 2.82% in Botswana and -0.43% in Sri Lanka.

Inflation
Botswana

Sri Lanka
Year Inflation
Botswana Sri Lanka Botswana Sri Lanka
1996 10.1% 15.9%
1997 8.72% 9.57%
1998 6.66% 9.36%
1999 7.75% 4.69%
2000 8.6% 6.18%
2001 6.56% 14.2%
2002 8.03% 9.55%
2003 9.19% 6.31%
2004 6.95% 7.58%
2005 8.61% 11.6%
2006 11.6% 10%
2007 7.08% 15.8%
2008 12.7% 22.6%
2009 8.03% 3.46%
2010 6.95% 6.22%
2011 8.46% 6.72%
2012 7.54% 7.54%
2013 5.88% 6.91%
2014 4.4% 3.18%
2015 3.06% 3.77%
2016 2.81% 3.96%
2017 3.31% 7.7%
2018 3.24% 2.14%
2019 2.77% 3.53%
2020 1.89% 6.15%
2021 7.24% 7.01%
2022 11.7% 49.7%
2023 5.07% 16.5%
2024 2.82% -0.43%

Top exports between countries

Botswana
Export category Export value
Precious metals & jewellery $18.9M
Miscellaneous $17K
Machinery & equipment $1K
Raw materials & minerals $1K
Sri Lanka
Export category Export value
Raw agricultural goods $57K
Wood & paper products $35K
Textiles & consumer goods $33K
Animal & marine products $17K
Processed food, beverages & tobacco $15K
Raw materials & minerals $10K
Chemicals & pharma $4K

Balance of trade

Botswana Sri Lanka
Current account balance
-$821M
2024
$1.56B
2023
Current account balance ranking
116/189
2024
50/189
2023
Current account balance, % of GDP
-4.23%
2024
+1.86%
2023
Goods imports
$6.86B
2024
$16.8B
2023
Goods exports
$4.66B
2024
$11.9B
2023
Service imports
$1.29B
2024
$2.01B
2023
Service exports
$935M
2024
$5.42B
2023
Imports of goods and services, % of GDP
40.9%
2024
22.5%
2024
Exports of goods and services, % of GDP
26%
2024
19.9%
2024

Economic freedom indices

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

Botswana Sri Lanka
Economic freedom 69.9 49.4
Economic freedom ranking 36/197 164/197
Property rights 74.1 51.3
Government integrity 60.1 37.4
Judicial effectiveness 70.5 47.4
Tax burden 84.9 77.5
Government spending 70.8 88.8
Fiscal health 90.4 0
Business freedom 70.6 55.8
Labor freedom 60.7 54.6
Monetary freedom 68.3 54.5
Trade freedom 78.8 65
Investment freedom 50 30
Financial freedom 60 30

Economic freedom by year comparison

The Economic Freedom Index for Botswana is 69.9, ranking 36/197, compared to 49.4 for Sri Lanka, ranking 164/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Botswana
Sri Lanka
Year Economic freedom index
Botswana Sri Lanka
1995 56.8 60.6
1996 61.6 62.5
1997 59.1 65.5
1998 62.8 64.6
1999 62.9 64
2000 65.8 63.2
2001 66.8 66
2002 66.2 64
2003 68.6 62.5
2004 69.9 61.6
2005 69.3 61
2006 68.8 58.7
2007 68.1 59.4
2008 68.2 58.4
2009 69.7 56
2010 70.3 54.6
2011 68.8 57.1
2012 69.6 58.3
2013 70.6 60.7
2014 72 60
2015 69.8 58.6
2016 71.1 59.9
2017 70.1 57.4
2018 69.9 57.8
2019 69.5 56.4
2020 69.6 57.4
2021 67.6 55.7
2022 64.8 53.3
2023 64.9 52.2
2024 68 49.2
2025 69.9 49.4

More economic indicators

Botswana Sri Lanka
Services, % of GDP
63.5%
2024
57.5%
2024
Industry, % of GDP
29.4%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
8.3%
2024
GNI, Atlas method
$19.5B
2024
$84.6B
2024
GNI per capita, PPP
$20,570
2024
$15,240
2024
Total reserves including gold
$3.46B
2024
$6.09B
2024
Total reserves ranking
113/177
2024
92/177
2024
Net foreign direct investment
-$464M
2024
-$678M
2023
Net inflows of foreign direct investment
$467M
2024
$761M
2024
Net outflows of foreign direct investment
$3.02M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
1.28%
2023
3.48%
2023
Poverty at national poverty lines
16.1%
2015
14.3%
2019
Gross capital formation, % of GDP
36.2%
2024
27%
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.