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Economy of Botswana vs Tanzania compared: GDP & Debt

Updated on by Georank

Botswana has a GDP of $19.9B compared to $90.1B for Tanzania, ranking 135/197 and 83/197 by economy size, respectively.

Botswana has $7.7B in government debt (38.6% of GDP), compared to $44.8B (49.7% of GDP) in Tanzania.

Botswana vs Tanzania GDP by year

Botswana
Tanzania
1x
Year GDP, current $
Botswana Tanzania
2025 $19,928,479,839 $90,143,496,090
2024 $19,286,251,068 $79,235,713,445
2023 $19,413,614,555 $79,030,935,638
2022 $20,321,150,599 $75,749,121,847
2021 $18,750,182,236 $70,655,628,148
2020 $14,960,251,608 $66,068,737,786
2019 $16,725,908,149 $61,026,731,926
2018 $17,031,943,186 $57,003,712,892
2017 $16,105,155,857 $53,274,884,533
2016 $15,082,637,184 $49,774,409,374
2015 $13,530,748,845 $47,413,919,817
2014 $15,470,088,501 $49,986,726,461
2013 $14,271,738,933 $45,648,857,242
2012 $13,907,464,500 $39,650,394,363
2011 $15,110,643,612 $34,657,140,096
2010 $12,637,273,429 $32,012,892,919
2009 $10,118,459,242 $29,400,573,554
2008 $10,730,829,116 $27,947,821,398
2007 $10,567,270,656 $21,860,434,823
2006 $9,919,158,482 $18,619,859,795
2005 $9,918,907,108 $18,395,383,647
2004 $8,957,467,707 $16,673,062,473
2003 $7,511,582,173 $15,211,487,709
2002 $5,438,863,983 $14,129,651,896
2001 $5,489,608,300 $13,563,990,022
2000 $5,788,329,609 $13,371,767,082
1999 $5,484,263,347 $12,704,334,196
1998 $4,790,481,509 $12,172,790,056
1997 $5,020,265,627 $11,158,197,942
1996 $4,847,757,218 $9,433,528,150
1995 $4,730,599,122 $7,631,431,840
1994 $4,259,259,604 $6,550,480,484
1993 $4,160,129,175 $6,182,872,708
1992 $4,146,464,587 $6,681,997,469
1991 $3,942,876,703 $7,197,768,159
1990 $3,790,636,324 $6,184,384,225
1989 $3,083,822,112 $6,418,799,007
1988 $2,644,554,159 $7,406,614,407
1987 $1,965,226,890 $7,824,193,222
1986 $1,392,602,164 $10,840,864,521
1985 $1,114,783,343 $15,328,295,175
1984 $1,240,822,167 $12,906,635,133
1983 $1,172,230,397 $14,049,883,809
1982 $1,014,945,696 $13,927,383,240
1981 $1,073,812,830 $13,161,540,378
1980 $1,060,889,704 $11,409,228,087
1979 $819,870,259 $9,804,637,491
1978 $590,407,374 $9,261,675,710
1977 $451,624,780 $7,732,598,995
1976 $372,025,093 $6,472,511,988
1975 $355,168,572 $5,729,917,840
1974 $306,044,208 $4,977,337,978
1973 $244,124,164 $4,144,104,535
1972 $164,460,915 $3,472,787,266
1971 $127,448,614 $3,050,673,517
1970 $96,243,234 $2,851,419,386
1969 $77,361,547 $5,142,066,811
1968 $66,248,441 $4,895,251,824
1967 $58,642,354 $4,565,132,048
1966 $51,465,655 $4,377,998,825
1965 $45,788,696 $3,817,226,546
1964 $41,616,348 $3,748,840,925
1963 $38,091,843 $3,456,579,293
1962 $35,644,957 $3,101,589,993
1961 $32,902,613 $2,826,179,031
1960 $30,411,414 $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Botswana vs Tanzania by year

Botswana
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,778 - $1,278 -
2024 $7,650 $20,538 $1,156 $4,221
2023 $7,827 $21,012 $1,186 $4,019
2022 $8,329 $19,977 $1,171 $3,800
2021 $7,808 $17,961 $1,125 $3,493
2020 $6,323 $15,292 $1,084 $3,291
2019 $7,172 $15,960 $1,031 $2,982
2018 $7,408 $15,786 $992 $2,728
2017 $7,105 $15,701 $957 $2,472
2016 $6,749 $16,228 $925 $2,435
2015 $6,141 $14,144 $911 $2,317
2014 $7,122 $15,003 $993 $2,221
2013 $6,667 $13,621 $935 $2,176
2012 $6,596 $12,737 $837 $2,083
2011 $7,287 $13,635 $753 $2,211
2010 $6,216 $12,753 $715 $2,069
2009 $5,083 $11,686 $674 $1,972
2008 $5,503 $13,810 $657 $1,908
2007 $5,529 $13,389 $528 $1,820
2006 $5,292 $12,563 $462 $1,707
2005 $5,391 $11,458 $469 $1,598
2004 $4,957 $10,818 $438 $1,482
2003 $4,230 $10,439 $410 $1,379
2002 $3,117 $9,958 $391 $1,302
2001 $3,206 $9,420 $385 $1,229
2000 $3,451 $9,380 $390 $1,164
1999 $3,340 $9,188 $382 $1,120
1998 $2,981 $8,441 $375 $1,082
1997 $3,194 $8,497 $353 $1,059
1996 $3,156 $7,890 $305 $1,026
1995 $3,156 $7,503 $251.2 $981
1994 $2,917 $7,049 $222.5 $958
1993 $2,929 $6,847 $218.2 $959
1992 $3,005 $6,753 $243.4 $955
1991 $2,939 $6,598 $268.8 $952
1990 $2,903 $6,104 $236.9 $925
1989 $2,428 - $252.3 -
1988 $2,141 - $299 -
1987 $1,639 - $326 -
1986 $1,200 - $466 -
1985 $994 - $681 -
1984 $1,145 - $593 -
1983 $1,121 - $667 -
1982 $1,006 - $683 -
1981 $1,107 - $665 -
1980 $1,132 - $595 -
1979 $909 - $527 -
1978 $695 - $515 -
1977 $565 - $446 -
1976 $490 - $387 -
1975 $493 - $355 -
1974 $446 - $320 -
1973 $374 - $276.1 -
1972 $264.2 - $239.8 -
1971 $212.2 - $218.4 -
1970 $163 - $211.3 -
1969 $131.8 - $394 -
1968 $113.4 - $388 -
1967 $100.9 - $374 -
1966 $89.1 - $370 -
1965 $79.7 - $333 -
1964 $73.5 - $337 -
1963 $68.9 - $320 -
1962 $66 - $295.7 -
1961 $62.3 - $277.4 -
1960 $58.9 - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Botswana's GDP per capita is $7,778, ranking 100/197, compared to $1,278 in Tanzania, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Tanzania ranks 165th at $4,221.

Economic indicators

Botswana Tanzania
Gross domestic product
$19.9B
2025
$90.1B
2025
GDP rank
135/197
2025
83/197
2025
GDP growth
-0.73%
2024-2025
5.85%
2024-2025
GDP per capita
$7,778
2025
$1,278
2025
GDP per capita rank
100/197
2025
171/197
2025
GDP per capita, PPP
$20,538
2024
$4,221
2024
GDP per capita PPP rank
95/197
2024
165/197
2024
Government debt
$7.7B
2025
$44.8B
2025
Debt-to-GDP ratio
38.6%
2025
49.7%
2025
Government debt per person
$3,005
2025
$635
2025
Government debt per person rank
106/185
2025
159/185
2025
Average annual personal income after taxes
$5,441
2026
$1,203
2026
Market capitalization of domestic companies
$4.28B
2025
$9.78B
2025
Number of billionaires n/a
1
2026
Income share by richest 10%
42.9%
2015
33.1%
2018
Income share by poorest 10%
1.4%
2015
2.9%
2018
Government expenditure, % of GDP
35%
2025
19.9%
2025
Consumer prices inflation
2.66%
2024-2025
3.33%
2024-2025
Central bank interest rate
5.5%
2026
5.75%
2025
Unemployment rate
24.4%
2024
2.43%
2024
Population
2624853
73639263

Spending and national debt comparison by year

Botswana
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Botswana Tanzania
Government spending Government debt Government spending Government debt
2025 35% 38.6% 19.9% 49.7%
2024 33.7% 33.2% 19.1% 49.9%
2023 32.4% 22.5% 19% 47.8%
2022 29.1% 21% 19.1% 44.9%
2021 31.4% 22.3% 18.4% 43.4%
2020 36.5% 23.5% 17.4% 41.3%
2019 36.9% 21.5% 17.3% 40.4%
2018 35.6% 19.6% 17.3% 42%
2017 34.7% 19.6% 16.4% 40.1%
2016 34.1% 22.3% 16.9% 39.8%
2015 37.8% 24.5% 17.2% 39.5%
2014 36.5% 23.9% 17.3% 36.4%
2013 33.5% 23.8% 18.8% 32.7%
2012 37.1% 26.4% 19.6% 30%
2011 37.2% 27.9% 19% 28.4%
2010 42.6% 26.5% 19.8% 27.6%
2009 52.1% 22.4% 19.6% 23.9%
2008 48.1% 7.79% 18.1% 21.6%
2007 37.1% 5.93% 17.8% 23.8%
2006 33.1% 6.14% 17.6% 17.4%
2005 33.8% 7.46% 18.3% 25.4%
2004 39.8% 10.7% 17% 44.5%
2003 42.7% 7.08% 15.4% 44.4%
2002 45.1% 8.37% 13.6% 47.4%
2001 42.1% 7.48% 12.4% 50.8%
2000 38.8% 8.16% 12.3% 55.4%
1999 40.1% 9.31% 12.8% 62.9%
1998 41.8% 11.3% 11.4% 62.2%
1997 39% - 12.8% 73.4%
1996 36.1% - 13.4% 89.6%
1995 36.1% - 15.6% 111.1%
1994 37.6% - 16.8% 126%
1993 42% - 16.4% 129.2%
1992 42.3% - 17.6% 117.6%
1991 41.1% - 14.2% 106.5%
1990 38.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-07-08).

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

In 2025, Botswana's government spending was $6.98B, accounting for 35% of its GDP, while Tanzania spent $18B, or 19.9% of GDP.

Debt-to-GDP ratio is 38.6% in Botswana and 49.7% in Tanzania, ranking 137/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Tanzania
1x
Year Deficit/surplus, % of GDP
Botswana Tanzania
2025 -7.42% -3.04%
2024 -7.26% -3.03%
2023 -4.16% -3.67%
2022 0.04% -3.92%
2021 -2.33% -3.55%
2020 -10.9% -2.56%
2019 -8.53% -2.06%
2018 -5.03% -2.01%
2017 -1.14% -1.14%
2016 0.71% -2.08%
2015 -4.82% -3.17%
2014 3.9% -2.91%
2013 5.84% -3.76%
2012 0.89% -4%
2011 -0.12% -3.51%
2010 -7.95% -4.74%
2009 -13.8% -4.46%
2008 -7.61% -1.92%
2007 5.73% -1.44%
2006 13.3% -3.38%
2005 10.3% -3.28%
2004 1.35% -2.43%
2003 -0.18% -1.77%
2002 -3.94% -0.73%
2001 -2.91% -0.41%
2000 8.73% -0.73%
1999 5.95% -1.14%
1998 - 0.13%
1997 - -0.03%
1996 - 1.57%
1995 - -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Botswana's government deficit, the difference between spending and revenue, was $1.48B, equivalent to 7.42% of GDP. This compares to Tanzania's deficit of $2.74B, or 3.04% of GDP.

Over the past 27 years, Botswana recorded a fiscal deficit in 16 of those years, while Tanzania ran a deficit in 27 years. On average, Botswana posted an annual deficit equal to 1.16% of GDP, compared to deficit of 2.62% of GDP for Tanzania.

Inflation comparison by year

Inflation
Botswana

Tanzania
1x
Year Consumer prices inflation
Botswana Tanzania
2025 2.66% 3.33%
2024 2.82% 3.06%
2023 5.07% 3.8%
2022 11.7% 4.35%
2021 7.24% 3.69%
2020 1.89% 3.29%
2019 2.77% 3.46%
2018 3.24% 3.49%
2017 3.31% 5.32%
2016 2.81% 5.17%
2015 3.06% 5.59%
2014 4.4% 6.13%
2013 5.88% 7.87%
2012 7.54% 16%
2011 8.46% 12.7%
2010 6.95% 6.2%
2009 8.03% 12.1%
2008 12.7% 10.3%
2007 7.08% 7.03%
2006 11.6% 7.25%
2005 8.61% 5.03%
2004 6.95% 4.74%
2003 9.19% 5.3%
2002 8.03% 5.32%
2001 6.56% 5.15%
2000 8.6% 5.92%
1999 7.75% 7.89%
1998 6.66% 12.8%
1997 8.72% 16.1%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.56%, compared with 6.84% in Tanzania. In 2025, inflation was 2.66% in Botswana and 3.33% in Tanzania.

Top exports between countries

Botswana
Export category Export value
Textiles & consumer goods $139K
Machinery & equipment $111K
Chemicals & pharma $52K
Metals $17K
Wood & paper products $10K
Raw materials & minerals $5K
Miscellaneous $4K
Tanzania
Export category Export value
Chemicals & pharma $404K
Machinery & equipment $283K
Metals $133K
Raw materials & minerals $118K
Textiles & consumer goods $103K
Raw agricultural goods $52K
Wood & paper products $30K
Processed food, beverages & tobacco $8K
Animal & marine products $4K

Balance of trade

Botswana Tanzania
Current account balance
-$821M
2024
-$2.38B
2024
Current account balance ranking
113/190
2024
144/190
2024
Current account balance, % of GDP
-4.26%
2024
-3%
2024
Goods imports
$6.86B
2024
$14.2B
2024
Goods exports
$4.66B
2024
$9.12B
2024
Service imports
$1.29B
2024
$2.8B
2024
Service exports
$935M
2024
$6.85B
2024
Imports of goods and services, % of GDP
37.5%
2025
20%
2025
Exports of goods and services, % of GDP
32%
2025
19%
2025

Economic freedom indices

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

Botswana Tanzania
Economic freedom 67.7 59
Economic freedom ranking 53/197 106/197
Property rights 71.7 45.2
Government integrity 59.6 40.9
Judicial effectiveness 70.2 29.6
Tax burden 87.1 80.4
Government spending 69.8 89.1
Fiscal health 72.4 75
Business freedom 61.5 48.1
Labor freedom 60.7 62.3
Monetary freedom 72 73.4
Trade freedom 77 58.8
Investment freedom 50 55
Financial freedom 60 50

Economic freedom comparison by year

Botswana
Tanzania
1x
Year Economic freedom index
Botswana Tanzania
2026 67.7 59
2025 69.9 59.3
2024 68 59.1
2023 64.9 60
2022 64.8 59.5
2021 67.6 61.3
2020 69.6 61.7
2019 69.5 60.2
2018 69.9 59.9
2017 70.1 58.6
2016 71.1 58.5
2015 69.8 57.5
2014 72 57.8
2013 70.6 57.9
2012 69.6 57
2011 68.8 57
2010 70.3 58.3
2009 69.7 58.3
2008 68.2 56.5
2007 68.1 56.8
2006 68.8 58.5
2005 69.3 56.3
2004 69.9 60.1
2003 68.6 56.9
2002 66.2 58.3
2001 66.8 54.9
2000 65.8 56
1999 62.9 60
1998 62.8 59.6
1997 59.1 59.3
1996 61.6 57.5
1995 56.8 57.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Tanzania
Services, % of GDP
64.6%
2025
28.8%
2025
Industry, % of GDP
27.9%
2025
29.8%
2025
Agriculture, forestry, and fishing, % of GDP
1.78%
2025
22.9%
2025
GNI, Atlas method
$18.9B
2025
$87B
2025
GNI per capita, PPP
$19,960
2025
$4,370
2025
Total reserves including gold
$3.46B
2024
$5.05B
2018
Total reserves ranking
117/177
2024
106/177
2018
Net foreign direct investment
-$464M
2024
-$1.72B
2024
Net inflows of foreign direct investment
$467M
2024
$1.72B
2024
Net outflows of foreign direct investment
$3.02M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.45%
2024
2.56%
2024
Poverty at national poverty lines
16.1%
2015
26.4%
2018
Gross capital formation, % of GDP
29.2%
2025
40.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.