5 Fastest Growing Economies in Africa

2. Botswana

GDP growth in 2021 according to World Bank: 11.36%

Following a decline of 8.7% in 2020 due to COVID-19 limitations, Botswana’s GDP increased by 11.36% in 2021. With the revival of the world diamond market, mining production increased. The production from industries other than mining also increased, notably in public administration and military, building, wholesale, and retail. As the negative effects of COVID-19 on net exports subsided and state spending increased because of the pandemic, aggregate demand increased in 2021.