25 years in a row, from the early 1970s to the mid-1990s, Botswana led the world in economic growth. Known as the “African Miracle”, the country experienced an average annual GDP growth of approximately ten percent. In the span of a single generation, Botswana went from being one of the ten poorest countries in the world to being the only African nation that has loaned money to the World Bank. But despite Botswana’s financial successes many challenges remain.
There has not been any regime change for half a century, and 31 percent of the population continue to live below the poverty line.
Stephen Marr, Research Associate at NAI