Botswana's Economy In Botswana

Many people in Africa are poor, all due to Africa’s economy. The economy of Africa is made up of agriculture, industry, human resources of the continent, and trade. Many countries in Africa do not have a developed economy. Africa is actually a continent rich in resources, but still most African people are poor. In comparison to other countries in Africa that do not have a developed economy. Botswana is one of the few countries in Africa that does have an economy that is developing, and also developing successfully. This was not always the case though. Botswana “was one of the poorest and least-developed countries in the world” (Britannica School). Then its economy started growing rapidly since the mid 1960’s (Britannica School). There are many

Therefore, the leading agricultural product are cattle, which are raised for beef and milk. Farmers also raise chickens, goats, and sheep. Additionally, the leading crops include beans, corn, sorghum, and sunflowers (Picard). Even though, not much of the land in Botswana is ideal for productive farming. Therefore, Botswana’s major imports are foodstuffs from South Africa and Zimbabwe. Less than one-tenth of agricultural exports make up the gross national product. The main agricultural export is the production of livestock for export and urban markets (Britannica School). Besides that, tourism is important to Botswana’s economy. There are many tourists that visit Botswana to see the country’s wildlife (Picard). Tourists are also attracted to the desolate thirstland, and secluded wetland environments. The government wants to restrict the damage from tourism, by only allowing a limited amount of safari companies (Britannica School). Besides that, manufacturing plays a small part in the country’s economy. The leading manufactured products are processed foods and textiles (Picard). As a result of the expensive price of water and power, it has restricted the industrial development. What is also restricting the industrial development is the small domestic market and unemployment. In Gaborone, which is the capital city of Botswana, industries in service and diamond distribution have advanced (Britannica School). The chief trading partners of Botswana includes South Africa, the United Kingdom, and Zimbabwe (Picard). The countries that is a part of the Southern African Customs Union is Namibia, Lesotho, Swaziland, South Africa and also, Botswana. This allows the member countries to exchange things between them for free. In addition, the world market gets big amounts of Botswana’s exports. The exports are made up of food products, transport equipment, consumer goods, and machinery equipment. Multiple