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Economy of Botswana vs Syria compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $20B for Syria, ranking 133/197 and 129/197 by economy size, respectively.

Botswana has $6.36B in government debt (43.8% of GDP), compared to $18.4B (30% of GDP) in Syria.

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 $
Syria
GDP, current $

GDP, constant 2015 $
Year GDP
Botswana Syria
Current $ Constant $ Current $ Constant $
1960 $30,411,414 $203,297,646 $857,704,413 $2,416,812,218
1961 $32,902,613 $216,193,393 $945,244,972 $2,678,627,030
1962 $35,644,957 $230,606,288 $1,110,565,881 $3,335,461,124
1963 $38,091,843 $244,260,590 $1,200,447,408 $3,046,852,122
1964 $41,616,348 $260,949,209 $1,339,494,267 $3,329,336,867
1965 $45,788,696 $276,120,679 $1,472,036,540 $3,405,890,769
1966 $51,465,655 $293,637,827 $1,342,287,553 $3,145,031,364
1967 $58,642,354 $311,034,576 $1,580,229,799 $3,404,738,073
1968 $66,248,441 $343,901,776 $1,753,746,430 $3,531,703,487
1969 $77,361,547 $395,911,433 $2,245,011,515 $4,194,530,603
1970 $96,243,234 $463,692,530 $2,140,384,010 $4,119,161,060
1971 $127,448,614 $583,423,076 $2,589,851,325 $4,488,065,486
1972 $164,460,915 $737,224,723 $3,059,681,698 $5,639,735,188
1973 $244,124,164 $894,277,062 $3,239,487,516 $5,049,263,095
1974 $306,044,208 $972,953,727 $5,159,557,148 $6,351,759,533
1975 $355,168,572 $1,055,131,835 $6,826,980,444 $7,390,372,324
1976 $372,025,093 $1,167,475,696 $7,633,528,867 $8,296,021,554
1977 $451,624,780 $1,307,713,345 $7,696,011,396 $8,146,733,163
1978 $590,407,374 $1,495,145,304 $9,275,200,458 $8,956,729,450
1979 $819,870,259 $1,676,784,361 $9,929,681,529 $9,036,264,207
1980 $1,060,889,704 $1,877,778,848 $13,062,420,382 $10,347,255,986
1981 $1,073,812,830 $2,047,996,824 $15,518,201,335 $11,149,721,268
1982 $1,014,945,696 $2,297,146,530 $16,298,929,011 $11,460,696,656
1983 $1,172,230,397 $2,599,146,161 $17,589,277,143 $11,726,623,777
1984 $1,240,822,167 $2,821,253,171 $17,503,078,174 $10,834,153,805
1985 $1,114,783,343 $3,022,275,113 $16,403,539,893 $11,847,234,654
1986 $1,392,602,164 $3,269,283,371 $13,293,205,278 $10,905,032,498
1987 $1,965,226,890 $3,657,737,272 $11,356,215,543 $11,088,485,935
1988 $2,644,554,159 $4,369,166,056 $10,577,041,645 $13,085,648,672
1989 $3,083,822,112 $4,939,753,185 $9,853,395,762 $11,299,813,273
1990 $3,790,636,324 $5,274,313,873 $12,308,624,418 $11,722,376,107
1991 $3,942,876,703 $5,667,709,608 $12,981,833,333 $12,621,068,342
1992 $4,146,464,587 $5,833,040,675 $13,253,565,861 $14,258,373,042
1993 $4,160,129,175 $5,944,807,979 $13,695,962,055 $15,135,390,679
1994 $4,259,259,604 $6,160,480,628 $10,122,020,000 $16,227,110,829
1995 $4,730,599,122 $6,593,587,690 $11,396,706,587 $17,367,323,301
1996 $4,847,757,218 $6,977,980,666 $13,789,560,878 $19,073,761,706
1997 $5,020,265,627 $7,558,959,722 $14,505,233,463 $20,031,990,206
1998 $4,790,481,509 $7,592,496,073 $15,200,846,154 $21,391,221,744
1999 $5,484,263,347 $8,326,480,944 $15,873,875,969 $20,631,095,403
2000 $5,788,329,609 $8,491,986,059 $18,937,052,543 $20,770,487,870
2001 $5,489,608,300 $8,513,264,764 $20,237,024,725 $20,988,014,510
2002 $5,438,863,983 $9,029,979,997 $20,669,357,462 $21,818,055,209
2003 $7,511,582,173 $9,447,697,368 $21,828,144,686 $23,389,922,826
2004 $8,957,467,707 $9,703,335,214 $25,086,950,495 $25,004,519,711
2005 $9,918,907,108 $10,145,481,816 $28,858,965,517 $26,558,570,073
2006 $9,919,158,482 $10,994,036,837 $33,751,788,856 $27,898,767,456
2007 $10,567,270,656 $11,630,872,553 $40,465,318,382 $29,481,908,620
2008 $10,730,829,116 $12,009,117,014 $52,557,913,569 $30,801,717,185
2009 $10,118,459,242 $10,310,519,328 $54,111,735,629 $32,622,727,886
2010 $12,637,273,429 $11,353,915,358 $61,390,830,875 $34,316,469,201
2011 $15,110,643,612 $12,130,342,698 $67,539,428,159 $35,294,489,549
2012 $13,907,464,500 $12,109,617,145 $43,190,318,033 $25,998,267,919
2013 $14,271,738,933 $13,454,136,660 $21,361,254,635 $19,160,700,666
2014 $15,470,088,501 $14,220,638,229 $21,502,061,466 $17,185,167,298
2015 $13,530,748,845 $13,530,748,845 $16,466,863,117 $16,466,863,117
2016 $15,082,637,184 $14,505,561,464 $12,597,854,877 $15,412,063,258
2017 $16,105,155,857 $15,102,375,175 $16,369,843,352 $15,300,590,613
2018 $17,031,943,186 $15,734,967,215 $21,497,782,868 $15,513,754,781
2019 $16,725,908,149 $16,212,015,761 $22,583,045,060 $15,703,131,996
2020 $14,960,251,611 $14,796,887,969 $12,047,752,036 $15,593,656,904
2021 $18,750,182,235 $16,560,125,448 $14,353,205,678 $15,882,796,970
2022 $20,321,150,598 $17,468,616,756 $23,622,827,080 $15,999,183,136
2023 $19,411,266,967 $18,029,021,881 $19,993,439,950 $15,806,030,725
2024 $19,400,774,882 $17,489,977,782 - -

Economic indicators

Botswana Syria
Gross domestic product
$19.4B
2024
$20B
2023
GDP rank
133/197
2024
129/197
2023
GDP growth
-0.05%
2023-2024
-15.4%
2022-2023
GDP per capita
$7,695
2024
$847
2023
GDP per capita rank
98/197
2024
184/197
2023
GDP per capita, PPP
$20,538
2024
$4,650
2023
Government debt
$6.36B
2024
$18.4B
2010
Debt-to-GDP ratio
43.8%
2025
30%
2010
Government debt per person
$2,523
2024
$820
2010
Government debt per person rank
110/185
2024
148/185
2010
Average annual personal income after taxes
$4,596
2025
$731
2025
Market capitalization of domestic companies
$3.59B
2023
n/a
Income share by richest 10%
42.9%
2015
21.1%
2022
Income share by poorest 10%
1.4%
2015
3.8%
2022
Government expenditure, % of GDP
34.9%
2025
28.6%
2010
Consumer prices inflation
2.82%
2023-2024
13.4%
2018-2019
Central bank interest rate
1.9%
2024
n/a
Unemployment rate
24.4%
2024
8.61%
2010
Population
2595266
26304877

GDP per capita in Botswana vs Syria

Botswana's GDP per capita is $7,695, ranking 98/197, compared to $847 in Syria, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 93rd at $20,538, while Syria ranks 160th at $4,650.

Botswana
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
Year Current $
Botswana Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $58.9 - $183.5 -
1961 $62.3 - $196.3 -
1962 $66 - $223.9 -
1963 $68.9 - $234.9 -
1964 $73.5 - $254.2 -
1965 $79.7 - $270.8 -
1966 $89.1 - $239.3 -
1967 $100.9 - $272.9 -
1968 $113.4 - $293.3 -
1969 $131.8 - $364 -
1970 $163 - $335 -
1971 $212.2 - $393 -
1972 $264.2 - $448 -
1973 $374 - $459 -
1974 $446 - $707 -
1975 $493 - $904 -
1976 $490 - $976 -
1977 $565 - $951 -
1978 $695 - $1,108 -
1979 $909 - $1,146 -
1980 $1,132 - $1,458 -
1981 $1,107 - $1,676 -
1982 $1,006 - $1,703 -
1983 $1,121 - $1,776 -
1984 $1,145 - $1,706 -
1985 $994 - $1,544 -
1986 $1,200 - $1,208 -
1987 $1,639 - $997 -
1988 $2,141 - $898 -
1989 $2,428 - $809 -
1990 $2,903 $5,978 $978 -
1991 $2,939 $6,463 $1,000 -
1992 $3,005 $6,614 $990 -
1993 $2,929 $6,706 $993 -
1994 $2,917 $6,903 $712 -
1995 $3,156 $7,348 $780 -
1996 $3,156 $7,728 $918 -
1997 $3,194 $8,322 $941 -
1998 $2,981 $8,268 $961 -
1999 $3,340 $8,999 $978 -
2000 $3,451 $9,187 $1,138 -
2001 $3,206 $9,226 $1,187 -
2002 $3,117 $9,753 $1,183 -
2003 $4,230 $10,224 $1,220 -
2004 $4,957 $10,596 $1,368 -
2005 $5,391 $11,222 $1,534 -
2006 $5,292 $12,304 $1,719 -
2007 $5,529 $13,113 $1,938 -
2008 $5,503 $13,526 $2,429 -
2009 $5,083 $11,446 $2,462 -
2010 $6,216 $12,491 $2,731 -
2011 $7,287 $13,355 $2,952 -
2012 $6,596 $12,475 $1,898 -
2013 $6,667 $13,341 $986 -
2014 $7,122 $15,003 $1,061 -
2015 $6,141 $14,144 $848 -
2016 $6,749 $16,228 $656 -
2017 $7,105 $15,701 $852 $3,265
2018 $7,408 $15,786 $1,098 $3,456
2019 $7,172 $15,960 $1,110 $3,502
2020 $6,323 $15,292 $572 $3,738
2021 $7,808 $17,961 $664 $4,593
2022 $8,329 $19,977 $1,052 $4,772
2023 $7,826 $21,012 $847 $4,650
2024 $7,695 $20,538 - -

Spending and national debt comparison

In 2024, Botswana's government spending was $6.74B, accounting for 34.9% of its GDP, while Syria's spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 43.8% in Botswana and 30% in Syria, ranking 122/185 and 159/185, respectively.

Botswana
Government spending

Government debt
Syria
Government spending

Government debt
Year % of GDP
Botswana Syria
Government spending Government debt Government spending Government debt
1990 40.5% - 28.3% 189.8%
1991 42.3% - 34.3% 182.4%
1992 43.4% - 34.2% 173.6%
1993 44.2% - 29.4% 171.9%
1994 39.2% - 30.3% 163%
1995 38.1% - 29.8% 152.6%
1996 37.2% - 27.7% 141.5%
1997 40% - 29% 147.6%
1998 44.3% 12% 28.8% 151.2%
1999 41.7% 9.68% 28% 147.7%
2000 39.8% 8.37% 27.4% 152.1%
2001 42.9% 7.61% 28% 144.5%
2002 46% 8.55% 28.5% 132.4%
2003 44% 7.29% 32.6% 133.4%
2004 42% 11.3% 31.3% 113%
2005 35% 7.74% 28.2% 50.7%
2006 34.1% 6.32% 26.3% 45%
2007 38.3% 6.12% 25.7% 42.7%
2008 48% 7.77% 22.9% 37.3%
2009 54.5% 23.5% 26.7% 31.2%
2010 44.7% 27.9% 28.6% 30%
2011 37.4% 28.1% - -
2012 38.3% 27.3% - -
2013 34.8% 24.7% - -
2014 36.4% 23.9% - -
2015 39.7% 25.7% - -
2016 34.2% 22.4% - -
2017 35% 19.8% - -
2018 35.9% 19.8% - -
2019 36.4% 21.3% - -
2020 38.5% 24.8% - -
2021 33% 23.4% - -
2022 29.5% 21.3% - -
2023 32.3% 22.5% - -
2024 34.7% 32.8% - -
2025 34.9% 43.8% - -

Government deficit by year

In 2010, Botswana's government deficit, the difference between spending and revenue, was -$1.06B, equivalent to -8.36% of GDP. This compares to Syria's deficit of -$4.78B, or -7.79% of GDP.

Over the past 12 years, Botswana recorded a fiscal deficit in 6 of those years, while Syria ran a deficit in 11 years. On average, Botswana posted an annual surplus equal to +0.78% of GDP, compared to deficit of -2.63% of GDP for Syria.

Deficit/surplus
Botswana

Syria
Year Deficit/surplus, % of GDP
Botswana Syria
1990 - -3.92%
1991 - -6.57%
1992 - -7.26%
1993 - -4.96%
1994 - -6%
1995 - -3.81%
1996 - -2.83%
1997 - -1.78%
1998 - -2.81%
1999 6.18% -1.47%
2000 8.95% -1.36%
2001 -2.96% 2.3%
2002 -4.02% -2.02%
2003 -0.18% -2.7%
2004 1.42% -4.18%
2005 10.7% -4.41%
2006 13.7% -1.12%
2007 5.92% -2.99%
2008 -7.59% -2.86%
2009 -14.4% -2.89%
2010 -8.36% -7.79%
2011 -0.12% -
2012 0.92% -
2013 6.07% -
2014 3.88% -
2015 -5.06% -
2016 0.72% -
2017 -1.16% -
2018 -5.07% -
2019 -8.43% -
2020 -11.5% -
2021 -2.46% -
2022 -0.006% -
2023 -4.18% -
2024 -10.3% -
2025 -11.2% -

Inflation comparison by year

Over the past 24 years, Botswana has recorded an average annual inflation rate of 7.04%, compared with 11.3% in Syria. In 2019, inflation was 2.82% in Botswana and 13.4% in Syria.

Inflation
Botswana

Syria
Year Inflation
Botswana Syria Botswana Syria
1996 10.1% 8.25%
1997 8.72% 1.89%
1998 6.66% -0.8%
1999 7.75% -3.7%
2000 8.6% -3.85%
2001 6.56% 3%
2002 8.03% -0.13%
2003 9.19% 5.8%
2004 6.95% 4.43%
2005 8.61% 7.24%
2006 11.6% 10%
2007 7.08% 3.91%
2008 12.7% 15.7%
2009 8.03% 2.92%
2010 6.95% 4.4%
2011 8.46% 4.75%
2012 7.54% 36.7%
2013 5.88% 40%
2014 4.4% 10.9%
2015 3.06% 38.5%
2016 2.81% 47.7%
2017 3.31% 18.1%
2018 3.24% 0.94%
2019 2.77% 13.4%
2020 1.89% -
2021 7.24% -
2022 11.7% -
2023 5.07% -
2024 2.82% -

Balance of trade

Botswana Syria
Current account balance
-$821M
2024
-$367M
2010
Current account balance ranking
116/189
2024
100/189
2010
Current account balance, % of GDP
-4.23%
2024
-0.6%
2010
Goods imports
$6.86B
2024
$15.9B
2010
Goods exports
$4.66B
2024
$12.3B
2010
Service imports
$1.29B
2024
$3.53B
2010
Service exports
$935M
2024
$7.33B
2010
Imports of goods and services, % of GDP
40.9%
2024
28.8%
2022
Exports of goods and services, % of GDP
26%
2024
6.81%
2022

Economic freedom indices

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

Botswana Syria
Economic freedom 69.9 51.2
Economic freedom ranking 36/197 155/197
Property rights 74.1 2.6
Government integrity 60.1 3.3
Judicial effectiveness 70.5 3.7
Tax burden 84.9 86.2
Government spending 70.8 78.5
Fiscal health 90.4 13.8
Business freedom 70.6 35
Labor freedom 60.7 46.5
Monetary freedom 68.3 60.6
Trade freedom 78.8 47
Investment freedom 50 0
Financial freedom 60 20

Economic freedom by year comparison

The Economic Freedom Index for Botswana is 69.9, ranking 36/197, compared to 51.2 for Syria, ranking 155/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Botswana
Syria
Year Economic freedom index
Botswana Syria
1995 56.8 -
1996 61.6 42.3
1997 59.1 43
1998 62.8 42.2
1999 62.9 39
2000 65.8 37.2
2001 66.8 36.6
2002 66.2 36.3
2003 68.6 41.3
2004 69.9 40.6
2005 69.3 46.3
2006 68.8 51.2
2007 68.1 48.3
2008 68.2 47.2
2009 69.7 51.3
2010 70.3 49.4
2011 68.8 51.3
2012 69.6 51.2
2013 70.6 -
2014 72 -
2015 69.8 -
2016 71.1 -
2017 70.1 -
2018 69.9 -
2019 69.5 -
2020 69.6 -
2021 67.6 -
2022 64.8 -
2023 64.9 -
2024 68 -
2025 69.9 -

More economic indicators

Botswana Syria
Services, % of GDP
63.5%
2024
44.9%
2022
Industry, % of GDP
29.4%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
43.1%
2022
GNI, Atlas method
$19.5B
2024
$18.2B
2023
GNI per capita, PPP
$20,570
2024
$4,480
2023
Total reserves including gold
$3.46B
2024
$20.6B
2010
Total reserves ranking
113/177
2024
62/177
2010
Net foreign direct investment
-$464M
2024
-$1.47B
2010
Net inflows of foreign direct investment
$467M
2024
$804M
2011
Net outflows of foreign direct investment
$3.02M
2024
$0
1989
Servicing debt to the IMF, % of GNI
1.28%
2023
0.15%
2023
Poverty at national poverty lines
16.1%
2015
35.2%
2007
Gross capital formation, % of GDP
36.2%
2024
16%
1969

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.