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The tax-to-GDP ratio in Botswana decreased by 1.8 percentage points from 14.0% in 2016 to 12.2% in 2017. In comparison, the average for the 26 African countries in Revenue Statistics in Africa 2019 remained at 17.2% over the same period.
Botswana has become the 99th jurisdiction to join the Inclusive Framework on BEPS (“IF”) and will participate on an equal footing in the BEPS Project as an Associate.
The economy recovered in 2016 to 2.9%, driven by the rebound in the global diamond market. Growth prospects remain favourable but crucially depend on continued rebound in the global diamond market, improved reliability in electricity and water supply, as well as reforms.
Significant progress has been made by an international programme designed to enhance developing countries’ ability to bolster domestic revenue collection through strengthening of tax audit capacities.
The world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information.
Botswana’s economy has recovered from the global economic crisis. Real GDP registered robust growth in 2013, underpinned by buoyant activity in the mining sector, particularly diamond production, in spite of bottlenecks in the power and water sectors.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
This report examines Botswana's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.