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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 $5.82B in government debt (30% of GDP), compared to $18.4B (30% of GDP) in Syria.

Botswana vs Syria GDP by year

Botswana
Syria
1x
Year GDP, current $
Botswana Syria
2024 $19,402,063,513 -
2023 $19,411,266,967 $19,993,439,950
2022 $20,321,150,599 $23,622,827,080
2021 $18,750,182,236 $14,353,205,678
2020 $14,960,251,608 $12,047,752,036
2019 $16,725,908,149 $22,583,045,060
2018 $17,031,943,186 $21,497,782,868
2017 $16,105,155,857 $16,369,843,352
2016 $15,082,637,184 $12,597,854,877
2015 $13,530,748,845 $16,466,863,117
2014 $15,470,088,501 $21,502,061,466
2013 $14,271,738,933 $21,361,254,635
2012 $13,907,464,500 $43,190,318,033
2011 $15,110,643,612 $67,539,428,159
2010 $12,637,273,429 $61,390,830,875
2009 $10,118,459,242 $54,111,735,629
2008 $10,730,829,116 $52,557,913,569
2007 $10,567,270,656 $40,465,318,382
2006 $9,919,158,482 $33,751,788,856
2005 $9,918,907,108 $28,858,965,517
2004 $8,957,467,707 $25,086,950,495
2003 $7,511,582,173 $21,828,144,686
2002 $5,438,863,983 $20,669,357,462
2001 $5,489,608,300 $20,237,024,725
2000 $5,788,329,609 $18,937,052,543
1999 $5,484,263,347 $15,873,875,969
1998 $4,790,481,509 $15,200,846,154
1997 $5,020,265,627 $14,505,233,463
1996 $4,847,757,218 $13,789,560,878
1995 $4,730,599,122 $11,396,706,587
1994 $4,259,259,604 $10,122,020,000
1993 $4,160,129,175 $13,695,962,055
1992 $4,146,464,587 $13,253,565,861
1991 $3,942,876,703 $12,981,833,333
1990 $3,790,636,324 $12,308,624,418
1989 $3,083,822,112 $9,853,395,762
1988 $2,644,554,159 $10,577,041,645
1987 $1,965,226,890 $11,356,215,543
1986 $1,392,602,164 $13,293,205,278
1985 $1,114,783,343 $16,403,539,893
1984 $1,240,822,167 $17,503,078,174
1983 $1,172,230,397 $17,589,277,143
1982 $1,014,945,696 $16,298,929,011
1981 $1,073,812,830 $15,518,201,335
1980 $1,060,889,704 $13,062,420,382
1979 $819,870,259 $9,929,681,529
1978 $590,407,374 $9,275,200,458
1977 $451,624,780 $7,696,011,396
1976 $372,025,093 $7,633,528,867
1975 $355,168,572 $6,826,980,444
1974 $306,044,208 $5,159,557,148
1973 $244,124,164 $3,239,487,516
1972 $164,460,915 $3,059,681,698
1971 $127,448,614 $2,589,851,325
1970 $96,243,234 $2,140,384,010
1969 $77,361,547 $2,245,011,515
1968 $66,248,441 $1,753,746,430
1967 $58,642,354 $1,580,229,799
1966 $51,465,655 $1,342,287,553
1965 $45,788,696 $1,472,036,540
1964 $41,616,348 $1,339,494,267
1963 $38,091,843 $1,200,447,408
1962 $35,644,957 $1,110,565,881
1961 $32,902,613 $945,244,972
1960 $30,411,414 $857,704,413

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

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

GDP per capita in Botswana vs Syria by year

Botswana
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 - -
2023 $7,826 $21,012 $847 $4,650
2022 $8,329 $19,977 $1,052 $4,772
2021 $7,808 $17,961 $664 $4,593
2020 $6,323 $15,292 $572 $3,738
2019 $7,172 $15,960 $1,110 $3,502
2018 $7,408 $15,786 $1,098 $3,456
2017 $7,105 $15,701 $852 $3,265
2016 $6,749 $16,228 $656 -
2015 $6,141 $14,144 $848 -
2014 $7,122 $15,003 $1,061 -
2013 $6,667 $13,621 $986 -
2012 $6,596 $12,737 $1,898 -
2011 $7,287 $13,635 $2,952 -
2010 $6,216 $12,753 $2,731 -
2009 $5,083 $11,686 $2,462 -
2008 $5,503 $13,810 $2,429 -
2007 $5,529 $13,389 $1,938 -
2006 $5,292 $12,563 $1,719 -
2005 $5,391 $11,458 $1,534 -
2004 $4,957 $10,818 $1,368 -
2003 $4,230 $10,439 $1,220 -
2002 $3,117 $9,958 $1,183 -
2001 $3,206 $9,420 $1,187 -
2000 $3,451 $9,380 $1,138 -
1999 $3,340 $9,188 $978 -
1998 $2,981 $8,441 $961 -
1997 $3,194 $8,497 $941 -
1996 $3,156 $7,890 $918 -
1995 $3,156 $7,503 $780 -
1994 $2,917 $7,049 $712 -
1993 $2,929 $6,847 $993 -
1992 $3,005 $6,753 $990 -
1991 $2,939 $6,598 $1,000 -
1990 $2,903 $6,104 $978 -
1989 $2,428 - $809 -
1988 $2,141 - $898 -
1987 $1,639 - $997 -
1986 $1,200 - $1,208 -
1985 $994 - $1,544 -
1984 $1,145 - $1,706 -
1983 $1,121 - $1,776 -
1982 $1,006 - $1,703 -
1981 $1,107 - $1,676 -
1980 $1,132 - $1,458 -
1979 $909 - $1,146 -
1978 $695 - $1,108 -
1977 $565 - $951 -
1976 $490 - $976 -
1975 $493 - $904 -
1974 $446 - $707 -
1973 $374 - $459 -
1972 $264.2 - $448 -
1971 $212.2 - $393 -
1970 $163 - $335 -
1969 $131.8 - $364 -
1968 $113.4 - $293.3 -
1967 $100.9 - $272.9 -
1966 $89.1 - $239.3 -
1965 $79.7 - $270.8 -
1964 $73.5 - $254.2 -
1963 $68.9 - $234.9 -
1962 $66 - $223.9 -
1961 $62.3 - $196.3 -
1960 $58.9 - $183.5 -

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

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

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Syria ranks 160th at $4,650.

Economic indicators

Botswana Syria
Gross domestic product
$19.4B
2024
$20B
2023
GDP rank
133/197
2024
129/197
2023
GDP growth
-2.99%
2023-2024
-1.21%
2022-2023
GDP per capita
$7,696
2024
$847
2023
GDP per capita rank
97/197
2024
185/197
2023
GDP per capita, PPP
$20,538
2024
$4,650
2023
GDP per capita PPP rank
95/197
2024
160/197
2023
Government debt
$5.82B
2024
$18.4B
2010
Debt-to-GDP ratio
30%
2024
30%
2010
Government debt per person
$2,310
2024
$820
2010
Government debt per person rank
114/185
2024
148/185
2010
Average annual personal income after taxes
$5,271
2026
$730
2026
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
33.8%
2024
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
2615162
26829400

Spending and national debt comparison by year

Botswana
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Botswana Syria
Government spending Government debt Government spending Government debt
2024 33.8% 30% - -
2023 32.4% 22.5% - -
2022 29.5% 21.3% - -
2021 33% 23.4% - -
2020 38.5% 24.8% - -
2019 36.4% 21.3% - -
2018 35.9% 19.8% - -
2017 35% 19.8% - -
2016 34.2% 22.4% - -
2015 39.7% 25.7% - -
2014 36.4% 23.9% - -
2013 34.8% 24.7% - -
2012 38.3% 27.3% - -
2011 37.4% 28.1% - -
2010 44.7% 27.9% 28.6% 30%
2009 54.5% 23.5% 26.7% 31.2%
2008 48% 7.77% 22.9% 37.3%
2007 38.3% 6.12% 25.7% 42.7%
2006 34.1% 6.32% 26.3% 45%
2005 35% 7.74% 28.2% 50.7%
2004 42% 11.3% 31.3% 113%
2003 44% 7.29% 32.6% 133.4%
2002 46% 8.55% 28.5% 132.4%
2001 42.9% 7.61% 28% 144.5%
2000 39.8% 8.37% 27.4% 152.1%
1999 41.7% 9.68% 28% 147.7%
1998 44.3% 12% 28.8% 151.2%
1997 40% - 29% 147.6%
1996 37.2% - 27.7% 141.5%
1995 38.1% - 29.8% 152.6%
1994 39.2% - 30.3% 163%
1993 44.2% - 29.4% 171.9%
1992 43.4% - 34.2% 173.6%
1991 42.3% - 34.3% 182.4%
1990 40.5% - 28.3% 189.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 30% in Syria, ranking 158/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Syria
1x
Year Deficit/surplus, % of GDP
Botswana Syria
2024 -7.82% -
2023 -4.25% -
2022 -0.006% -
2021 -2.46% -
2020 -11.5% -
2019 -8.43% -
2018 -5.07% -
2017 -1.16% -
2016 0.72% -
2015 -5.06% -
2014 3.88% -
2013 6.07% -
2012 0.92% -
2011 -0.12% -
2010 -8.36% -7.79%
2009 -14.4% -2.89%
2008 -7.59% -2.86%
2007 5.92% -2.99%
2006 13.7% -1.12%
2005 10.7% -4.41%
2004 1.42% -4.18%
2003 -0.18% -2.7%
2002 -4.02% -2.02%
2001 -2.96% 2.3%
2000 8.95% -1.36%
1999 6.18% -1.47%
1998 - -2.81%
1997 - -1.78%
1996 - -2.83%
1995 - -3.81%
1994 - -6%
1993 - -4.96%
1992 - -7.26%
1991 - -6.57%
1990 - -3.92%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

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.

Inflation comparison by year

Inflation
Botswana

Syria
1x
Year Consumer prices inflation
Botswana Syria
2024 2.82% -
2023 5.07% -
2022 11.7% -
2021 7.24% -
2020 1.89% -
2019 2.77% 13.4%
2018 3.24% 0.94%
2017 3.31% 18.1%
2016 2.81% 47.7%
2015 3.06% 38.5%
2014 4.4% 10.9%
2013 5.88% 40%
2012 7.54% 36.7%
2011 8.46% 4.75%
2010 6.95% 4.4%
2009 8.03% 2.92%
2008 12.7% 15.7%
2007 7.08% 3.91%
2006 11.6% 10%
2005 8.61% 7.24%
2004 6.95% 4.43%
2003 9.19% 5.8%
2002 8.03% -0.13%
2001 6.56% 3%
2000 8.6% -3.85%
1999 7.75% -3.7%
1998 6.66% -0.8%
1997 8.72% 1.89%

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

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

Over the past 23 years, Botswana has recorded an average annual inflation rate of 6.91%, compared with 11.4% in Syria. In 2019, inflation was 2.82% in Botswana and 13.4% in Syria.

Balance of trade

Botswana Syria
Current account balance
-$821M
2024
-$367M
2010
Current account balance ranking
118/190
2024
103/190
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
43.7%
2024
28.8%
2022
Exports of goods and services, % of GDP
27.4%
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 67.7 51.2
Economic freedom ranking 53/197 155/197
Property rights 71.7 4
Government integrity 59.6 3.6
Judicial effectiveness 70.2 3.7
Tax burden 87.1 87.3
Government spending 69.8 78.5
Fiscal health 72.4 13.8
Business freedom 61.5 33.8
Labor freedom 60.7 37.2
Monetary freedom 72 80
Trade freedom 77 47
Investment freedom 50 0
Financial freedom 60 20

Economic freedom comparison by year

Botswana
Syria
1x
Year Economic freedom index
Botswana Syria
2026 67.7 -
2025 69.9 -
2024 68 -
2023 64.9 -
2022 64.8 -
2021 67.6 -
2020 69.6 -
2019 69.5 -
2018 69.9 -
2017 70.1 -
2016 71.1 -
2015 69.8 -
2014 72 -
2013 70.6 -
2012 69.6 51.2
2011 68.8 51.3
2010 70.3 49.4
2009 69.7 51.3
2008 68.2 47.2
2007 68.1 48.3
2006 68.8 51.2
2005 69.3 46.3
2004 69.9 40.6
2003 68.6 41.3
2002 66.2 36.3
2001 66.8 36.6
2000 65.8 37.2
1999 62.9 39
1998 62.8 42.2
1997 59.1 43
1996 61.6 42.3
1995 56.8 -

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

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
$0
2024
Net outflows of foreign direct investment
$3.02M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
0.15%
2023
Poverty at national poverty lines
16.1%
2015
35.2%
2007
Gross capital formation, % of GDP
36%
2024
16%
1969

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/syria | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.