Botswana GDP grew 4.9 pct in Q4 - CNBC Africa

Botswana GDP grew 4.9 pct in Q4

Southern Africa

by Reuters 0

Ian Khama's Botswana saw its GDP growing by 4.9 pct in Q4. PHOTO: Wikipedia

Botswana's economy grew 4.9 percent quarter-on-quarter in the three months to end-December versus a revised 3.5 percent contraction in the third quarter of 2015, the statistics agency said on Thursday.

On a year-on-year basis, gross domestic product (GDP) shrank 1.9 percent compared to a 3.9 percent contraction in 2014.

The decline on an annual basis was attributed to a fall in mining output, which slipped 30.5 percent in the fourth quarter, according to Statistics Botswana.