• BVI ships over 500 000 doses of FMD vaccines to SAJuly 2, 2025
    … as the country grapples with the worst outbreak in years STAFF WRITER RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL enjoys strong growth editors@thepatriot.co.bw Botswana Vaccine Institute (BVI) has… Read more: BVI ships over 500 000 doses of FMD vaccines to SA
  • Tshekedi in BPF raceJuly 2, 2025
    Launches campaign ahead of BPF elective congress Tshekedi is heir to BPF throne, an Ian Khama’s creation – Analyst BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL… Read more: Tshekedi in BPF race
  • CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Thursday, July 3, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

Economy grows by 0.7% in Q1 2021

patriot by patriot
July 29, 2021
in Business
240
0
Dr Mguni

Dr Mguni

491
SHARES
1.4k
VIEWS
ShareShareShare

Non-Mining sector 4.1% growth boost GDP

Construction industry still in Covid-19 coma

RelatedPosts

BVI ships over 500 000 doses of FMD vaccines to SA

BTCL enjoys strong growth

From tenderpreneurship to true entrepreneurship

Diamond production declines by 12.1%

BAKANG TIRO

editors@thepatriot.co.bw

Botswana’s domestic economy, GDP registered a positive growth of 0.7 percent in the first quarter of 2021 compared to a contraction of 4.6 percent registered in the previous quarter.

This is according Statistics Botswana (SB) statistics brief on rebased estimates of the national accounts of Botswana by Economic Activity and Components of Final Demand at current and constant prices for the period 2014 to 2020 as well as the (GDP) estimates for the first quarter of 2021.

Statistician General Dr Burton Mguni said the nominal GDP for the first quarter of 2021 was at P47, 739.3 million as compared to a revised P45, 630.2 million registered during the previous quarter.

“This represents a quarterly increase of 4.6 percent in nominal terms between the two periods. During the quarter under review, Public Administration and Defence became the major contributor to GDP by 18.4 percent, followed by Wholesale & Retail by 11.4 percent. The contribution of other sectors was below 6.0 percent, with Water and Electricity Supply being lowest at 1.6 percent,” he said.

Dr Mguni said the improvement in the first quarter 2021 GDP, reflected continued efforts to reopen businesses and resume activities that were postponed or restricted due to the Covid-19 pandemic.

Statistics Botswana says a decrease in the real value added of Mining and Quarrying by 11. 4 percent was driven by the drop in the gold and diamond real value added by 17.5 and 12.5 percent respectively.

“Diamond production in carats went down by 12.1 percent while the tonnage of gold produced went down by 17.5 percent. The poor performance of the diamond sub-industry is attributed to the reduction in production due to a lower grade feed to the plant at Orapa in response to the heavy rainfall and the operational issues, including the continued power supply disruptions. Gold is affected by diminishing resource base which affect production,” said Statistics Botswana.

On the other hand, the construction industry recorded a decline of 4.8 percent compared to an increase of 4.3 percent realised in the corresponding quarter in 2020; hence an enormous decline.

This industry comprises of buildings construction, civil engineering and specialised construction activities and, according to Statistics Botswana, it is still showing signs of the consequences of Covid-19. Construction industry has also recorded a negative growth of 7.4 percent in the previous quarter.

The Non-mining GDP increased by 4.1 percent in the first quarter of 2021 compared to 4.0 percent increase registered in the same quarter of the previous year thus showing its continued resilience.

Furthermore, SB said the industry that deals with the sales of a fast moving consumer goods, Wholesale and Retail Trade real value added increased by 11.4 percent in the first quarter of 2021 compared to an increase of 5.5 percent registered in the same quarter of the prior year.  Accommodation and Food Services real value added declined by 31.7 percent in the first quarter of 2021 compared to a decrease of 4.4 percent registered in the same quarter of the previous year.

“The suspension of air travel occasioned by Covid-19 containment measures impacted on the number of tourists entering the borders of the country and hence affecting the output of Hotels and Restaurants industry. Covid-19 restriction measures resulted in reduced demand for leisure and the conferencing activities, as conferences are largely held through virtual platforms,” said Statistics Botswana.

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Wise Leadership celebrates 10 years

Next Post

Botswana misses out

Related Posts

BVI ships over 500 000 doses of FMD vaccines to SA
Business

BVI ships over 500 000 doses of FMD vaccines to SA

July 2, 2025
BTCL enjoys strong growth
Business

BTCL enjoys strong growth

June 30, 2025
From tenderpreneurship to true entrepreneurship
Business

From tenderpreneurship to true entrepreneurship

June 27, 2025
Digital Public Infrastructure as a Strategic Imperative
Business

Digital Public Infrastructure as a Strategic Imperative

June 27, 2025
Be a problem solver – Tips from tech-preneur Mothooagae
Business

Be a problem solver – Tips from tech-preneur Mothooagae

June 25, 2025
BoB warns banks
Business

BoB warns banks

June 23, 2025
Next Post
Botswana misses out

Botswana misses out

Please login to join discussion
  • BVI ships over 500 000 doses of FMD vaccines to SAJuly 2, 2025
    … as the country grapples with the worst outbreak in years STAFF WRITER RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL enjoys strong growth editors@thepatriot.co.bw Botswana Vaccine Institute (BVI) has… Read more: BVI ships over 500 000 doses of FMD vaccines to SA
  • Tshekedi in BPF raceJuly 2, 2025
    Launches campaign ahead of BPF elective congress Tshekedi is heir to BPF throne, an Ian Khama’s creation – Analyst BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race BTCL… Read more: Tshekedi in BPF race
  • CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BVI ships over 500 000 doses of FMD vaccines to SA Tshekedi in BPF race… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?