Botswana facts
Competitiveness
The World Economic Forum has been studying the competitiveness of nations for nearly three decades. Its Global Competitiveness Index, a highly comprehensive index for measuring national competitiveness, takes into account the microeconomic and macroeconomic foundations of national competitiveness. The 2016/2017 Global Competitiveness Report analyses competitiveness indicators for 144 countries; Botswana ranks at position 64.
Travel & Tourism
The T&T sector remains a crucial one for the world economy, continuing to account for a significant share of global gross domestic product and employment, and providing an important opportunity for developing countries to move up the value chain towards production of higher value-added services. The Travel & Tourism Competitiveness Report 2015 profiled 141 countries; Botswana ranks at position 88.
Ease of Doing Business
The Doing Business Project investigates how easy or difficult it is for a local entrepreneur to comply with relevant regulations in opening and running a small, medium or micro-sized business. It measures and tracks changes in regulations affecting 10 areas in the life cycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. The World Bank’s 2013 Ease of Doing Business Report profiled 190 countries; Botswana ranks at position 71.
Tax Regime
The top personal income tax rate is 25%, and the top corporate tax rate is 22%. Other taxes include a property tax, an inheritance tax, and a value-added tax.
The overall tax burden equals to 31.3% of total domestic income. Government spending amounts to 32.4% of total domestic output, while public debt equals less than 20% of GDP.