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Botswana’s non-mining GDP increases by 5.6 percent – Agency

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Botswana’s non-mining gross domestic product increased by 5.6 percent in the first quarter of 2017 compared to 3.7 percent in the corresponding period in the previous year, figures from Statistics Botswana showed on Sunday.The increase was mainly due to Trade, Hotels and Restaurants, particularly the wholesale sub-industry.

Trade, Hotels and Restaurants contributed 20.9 percent to GDP while mining’s contribution stood at 17.6 percent.

The report said the increase of 5.4 percent in the real value added of the Finance and Business Services industry was mainly due to the rise in the value added of Business Services and Real Estate by 8.4 and 6.2 percent, respectively.

It said a decrease in the real mining value added of 28.9 percent was due to the closure of BCL copper/nickel mine during the fourth quarter of 2016.

In the quarter under review, copper/nickel production was zero due to the provisional liquidation of the BCL mine in October 2016.

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