National Accounts Statistics Report 2015

Transcription

1 National Accounts Statistics Report 2015 Private Bag 0024, Gaborone. Tel: Fax: Website:

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3 Preface Published by STATISTICS BOTSWANA Private Bag 0024, Gaborone Tel: Fax: Website: Contact Statistician: Lekoko Simako National Accounts Unit Tel: EXT: 310/315/316/312/313 July 2017 COPYRIGHT RESERVED Extracts may be published if Source is duly acknowledged This report presents the latest estimates on national accounts statistics. The report was compiled by Statistics Botswana. It is based on the reported returns of establishments within various sectors of the economy in Botswana. The report is in four sections; definitions of concepts, analysis of results; statistical tables and methodology. The description of the method used is included as a section at the end of the report. Some of the pronounced quarterly movements in the estimates are because of large seasonal variations, which arise from factors or events that occur regularly mostly within fairly fixed period. The series in this publication are not adjusted for seasonal factors. This publication contains other national accounts aggregates. These are compensation of employees by economic activity, Domestic Product by type of income, National Income, National Disposable Income, Savings, Capital Formation by type of assets and Capital Stock by type of assets. Domestic Product estimates are based on administrative records and the results from sample surveys conducted by Statistics Botswana and other institutions. First estimates are normally based on limited data and hence could not be precise and absolute. The figures are revised after receiving finalized or audited data from companies in which some differences and inconsistencies in the previously published data may be observed. Statistics Botswana acknowledges and appreciates contribution of all stakeholders in the production of this report. For more information and further enquiries, contact the Directorate of Stakeholder Relations at All Statistics Botswana outputs/publications are available on the website at and at Statistics Botswana s Library (Head-Office, Gaborone). Anna N. Majelantle Statistician General July 2017

4 6. 7. Table Of Contents TABLE OF CONTENTS 6 1. Introduction 9 2. Annual Domestic Product Revisions in this release Domestic Expenditure Compensation of Employees by Economic Activity (COE) GDP by Income approach National Income (GNI) National Disposable Income (GNDI) Savings (GS) Consumption of Fixed Capital (CFC) Capital Stock Diamond Mining Fixed Capital Formation Diamond Mining Capital Stock Copper/ Nickel Mining Fixed Capital Formation Copper/Nickel Mining Capital Stock Water & Electricty Fixed Capital Formation Water & Electricity Capital Stock General Government Fixed Capital Formation General Government Capital Stock Quarterly Domestic Product Fourth Quarter GDP Components of GDP by Type of Expenditure Statistical Tables Methodology, Concepts and Definitions Concepts and Definitions Methodology Statistical sources Reliability of data 126 Statistical Tables Table 1: Value added by kind of Economic Activity at Current Prices - Millions of pula 23 Table 2: Contributions of Value to GDP by kind of Economic Activity at Current Prices 24 Table 3: Value added by kind of Economic Activity at Constant 2006 Prices - Millions of pula 25 Table 4: Annual Percentage Change in Value by kind of Economic Activity at Constant 2006 Prices 26 Table 5: Annual Domestic Product by Type of Expenditure at Current Prices - Millions of Pula 27 Table 6: Contributions of Components of GDP by Expenditure at Current Prices 28 Table 7: Annual Domestic Product by Type of Expenditure at Constant 2006 Prices - Millions of Pula 29 Table 8: by type of Economic activity at Current Prices - millions of pula 30 Table 9: Intermediate Consumption by Economic activity at Current prices - millions of pula 32 Table 10: Value by Kind of Economic Activity at Current Prices - millions of pula 34 Table 11: by type of Economic activity at Constant 2006 Prices - millions of pula 36 Table 12: Intermediate Consumption by Economic activity at Constant 2006 prices - millions of pula 38 Table 13: Value by Kind of Economic Activity at Constant 2006 Prices - millions of pula 40 Table 14: Percentage Change in Value by Kind of Economic Activity at Constant 2006 Prices - millions of pula 42 Table 15: Production Account - Agriculture at Current Prices - Millions of Pula 44 Table 16: Production Account - Agriculture at Constant 2006 Prices - Millions of Pula 46 Table 17: Production Account - Mining and Quarrying at Current Prices - Millions of pula 48 Table 18: Production Account - Mining and Quarrying at Constant 2006 Prices - Millions of pula 52 Table 19: Production Account - Manufacturing at Current Prices - Millions of pula 56 Table 20: Production Account - Manufacturing at Constant 2006 Prices - Millions of pula 60 Table 21: Production Account - Water and Electricity at Current Prices - Millions of pula 64 Table 22: Production Account - Water and Electricity at Constant 2006 Prices - Millions of pula 66 Table 23: Production Account - Construction at Current and Constant 2006 Prices- Millions of Pula 68 Table 24: Production Account - Trade, Hotels and Restaurants at Current Prices - Millions of pula 70 Table 25: Production Account - Trade, Hotels and Restaurants at Constant 2006 Prices - Millions of pula 74 Table 26: Production Account - Transport and Communications at Current Prices - Millions of Pula 78 Table 27: Production Account - Transport and Communications at Constant 2006 Prices - Millions of Pula 82 Table 28: Production Account- Finance and Business Services at Current Prices - Millions of Pula 86 Table 29: Production Account- Finance and Business Services at Constant 2006 Prices - Millions of Pula 94 Table 30: Production Account- General Government at Current Prices - Millions of Pula 96 Table 31: Production Account- General Government at Constant 2006 Prices - Millions of Pula 98 Table 32: Production Account- Social and Personal Services at Current Prices - Millions of Pula 100 Table 33: Production Account- Social and Personal Services at Constant 2006 Prices - Millions of Pula 102 Table 34: Quarterly Domestic Product by Type of Expenditure at Current Prices - Millions of pula 106 Table 35: Quarterly Domestic Product by Type of Expenditure at Constant 2006 Prices - Millions of pula 108 Table 36: Compensation of Employees by Industry at Current Prices - Millions of pula 110 Table 37: Domestic Product by Type of Income (Current Prices) - Millions of pula 110 Table 38: Relations among GDP, GNI, GNDI, Savings and Net Lending/ Borrowing at Current Prices - Millions of pula 111 Table 39: Fixed Capital Formation - Total Economy by Type of Asset at Current Prices - Millions of pula 112 Table 40: Fixed Capital Formation - Total Economy by Type of Asset at Constant 2006 Prices - Millions of pula 112 Table 41 : Capital Stock at Current Prices - Total Economy by Type of Asset at Current Prices -Millions of pula 113 Table 42: Capital Stock at Constant Prices - Total Economy by Type of Asset at Constant 2006 Prices - Millions of pula 113 Table 43: Consumption of Fixed Capital: Total Economy by Type of Assets - Millions of pula 113 Table 44: Diamond mining Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 114 Table 46: Diamond mining Fixed Capital Formation by Type of Asset at Constant 2006 Prices - Millions of pula 114 Table 47: Diamond Mining Capital Stock by Type of Asset at Current Prices - Millions of pula 114 Table 48: Diamond Mining Capital Stock by Type of Asset at Constant 2006 Prices - Millions of pula 115 Table 49: Copper/Nickel Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 115 Table 50: Copper/Nickel Fixed Capital Formation by Type of Asset at Constant Prices - Millions of pula 115 Table 51: Copper/Nickel Capital Stock by Type of Asset at Current Prices - Millions of pula 115 Table 52: Copper/Nickel Capital Stock by Type of Asset at Constant 2006 Prices - Millions of pula 116 Table 53: Other Minings Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 116 Table 54: Other Mining Fixed Capital Formation by Type of Asset at Constant 2006 Prices - Millions of pula 116 Table 55: Other Mining Capital Stock by Type of Asset at Current Prices - Millions of pula 116 Table 56: Other Mining Capital Stock by Type Of Asset at Constant 2006 Prices - Millions of pula 117 Table 57: Water & Electricity Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 117 Table 58: Water & Electricity Fixed Capital Formation by Type of Asset at Constant 2006 Prices - Millions of pula 117 Table 59: Water & Electricity Capital Stock by Type of Asset at Current Prices - Millions of pula 117 Table 60: Water & Electricity Capital Stock by Type of Asset at Constant 2006 Prices - Millions of pula 118 Table 61: General Government Fixed Capital Formation by Type of asset At Current Prices - Millions of pula 118 Table 62: General Government Fixed Capital Formation by Type of Asset at Constant 2006 Prices - Millions of pula 118

5 8. 9. Table 63: General Government Capital Stock by Type of Asset at Current Prices - Millions of pula 118 Table 64: General Government Capital Stock by Type of Asset at Constant 2006 Prices - Millions of pula 119 Table 65: Public and Private Fixed Capital Formation at Current Prices - Millions of pula 119 Table 66: Public and Private Fixed Capital Formation at Constant 2006 Prices - Millions of pula 119 Table 67: Public and Private Capital Stock at Current Prices - Millions of pula 119 Figure 1: Annual percentage change in real GDP 11 Figure 2: Components of Domestic Expenditure at constant 2006 prices 12 Figure 3: Relations between Value, Compensation of employees and Operating Surplus 13 Figure 4: Relations between GNI, GNDI and Savings 14 Figure 5: 2015 Diamond mining capital stock shares at current prices (Pmillion) 15 Figure 6: 2015 Copper/Nickel mining capital stock shares at current prices (Pmillion) 16 Figure 7: 2015 Water & Electricity sector capital stock shares at current prices (Pmillion) 16 Figure 8: 2015 General Government sector capital stock shares at current prices (Pmillion) 17 Figure 9: Nominal and Real GDP Per capita (Pula) 18 Figure 10: Real GDP growth rates (over four quarters) 20 Figure 11: Components of Domestic Expenditure at 2006 prices Introduction This publication contains Domestic Product (GDP) by economic activity and components of final demand at current and constant prices for the years of 2005 to The estimates from are provisional and subject to change. The accounts presented in this report adhere to the General Data Dissemination System (GDDS) of the International Monetary Fund (IMF), which sets out standards on coverage, periodicity and timeliness of data. They cover the period January to December. Botswana s national accounts statistics are compiled in accordance with international standards contained in the System of National Accounts (SNA), in particular SNA The System of National Accounts is the internationally agreed standard set of recommendations on how to compile measures of economic activity in accordance with strict accounting conventions based on economic principles. The recommendations are expressed in terms of a set of concepts, definitions, classifications and accounting rules that comprise the internationally agreed standard for measuring such items as Domestic Product (GDP), the most frequently quoted indicator of economic performance. The accounting framework of the SNA allows economic data to be compiled and presented in a format that is designed for purposes of economic analysis, decision-taking and policymaking. 2. Annual Domestic Product 2.1 Revisions in this release Revisions have been made to the annual national accounts estimates published in March 2016 and quarterly Domestic Product (GDP) estimates published in September The changes were due to the updated source data, inclusion of new activities of DeBeers Botswana Global Sight Holders Sales (DBGSS) and Okavango Diamond Company (ODC) in the accounts starting from The revision has affected the following sectors: Agriculture, Mining, Water & Electricity, Trade, Hotels & Restaurants and Finance and Business Services. In 2012, the Diamond Trading Company International which is undertaking aggregation of diamonds relocated from the United Kingdom to Botswana. This meant that the process of aggregation of diamonds is now done in Botswana. DBGSS and ODC companies trade with diamonds, they buy and sell diamonds to cutting and polishing companies. They also import and export diamonds. According to International Standard Industrial Classification (ISIC), these activities are classified under wholesale because diamonds are not sold to individuals. Copper/Nickel value added has been revised downwards because its output was not consistent with exports although all the copper produced is being exported. The revisions were incorporated starting from 2011 to 2015 and it affected current prices estimates only. Constant prices are derived by extrapolating the base year figure with the volume index. Other revisions came due to the introduction of National Accounts Compilation System in October 2016, the National Accounts Data Base System (NADABAS). In the past national accounts estimates were produced using MS Excel. The system used spreadsheets that were linked to each other. This posed a challenge with the new versions of MS excel (2010, 2013) as certain spreadsheets have to be opened in a particular sequence otherwise all cells in the linked spreadsheets will be wiped off. During the implementation of the NADABAS, some methodological issues were also revised, mainly the deflators used for expenditure estimates. A software to benchmark quarterly estimates to annual estimates was also introduced. Deflators The expenditure estimates at constant prices relied heavily on the Consumer Price Index (CPI). More appropriate deflators have been introduced. Fixed Capital Formation in machinery, transport and other equipment is now deflated by the appropriate South African Producer Price indices adjusted for changes Pula/Rand exchange rate.

6 Exports of diamonds are deflated by an international diamond price index derived by Bank of Botswana (BoB) adjusted for changes in the Pula/USD exchange rate. The index BoB from was calculated by using United States dollar prices. Other principal exports are deflated by the implicit output deflator for relevant industry, e.g. Exports of copper/nickel are deflated by copper/nickel implicit deflator from the production side, exports of Soda ash, Gold, Meat and Textiles are also deflated by implicit deflators. All other exports of goods including services are deflated by aggregate CPI. Imports of diamonds are deflated by the same index as for exports. Other imports are deflated by the South African average price index for manufacturing and total import price both adjusted for changes in the Pula/Rand exchange rate. On the other side, Financial Intermediaries Services Indirectly Measured (FISIM) at constant prices were moved by deflated stocks of loans and deposits. During the introduction of NADABAS, consistency between the production and expenditure estimates was restored. The movements of gross fixed capital formation for the buildings and structures are the same as for output of construction at current and constant prices. The movements of government final consumption expenditure are consistent with output minus incidental sales and fees both at current and constant prices. Benchmarking Benchmarking was previously done by prorating method. The XLPBM (Excel Procedure for Bench Marking) software has been introduced to benchmark quarterly estimates to annual estimates. This is an Excel Add-in developed by the Statistics Department of the IMF. The procedure does benchmarking according to the Denton method. Contribution to GDP by industry is shown in table 2. In 2015, Mining and Trade, Hotels & Restaurants remains the major contributors to GDP, their contributions stood at 17.7 percent and 16.2 percent respectively (See table 2). Table A 2: Annual percentage change in Real GDP by Economic Activity Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels & Restaurants Transport and Communication Business Service General Government 6.3 2, ,3 Social and personal Services Total Value Taxes Less Subsidies Total GDP Figure 1: Annual percentage change in real GDP Table A1: Key figures at constant 2006 prices (Annual Percentage Changes) Total final consumption fixed capital formation Exports Imports domestic product GDP per Capita GDP at current prices stood at P145, million in 2015 compared to a revised level of P145, million in 2014, recording an increase of 0.04 percent. Real GDP decreased by 1.7 percent in 2015 compared to a revised growth rate of 4.1 percent in The decrease in real GDP was mainly attributed to Mining and Trade, Hotels & Restaurants industries which recorded a decline in value added of 19.6, and 3.9 percent respectively (See table 4). A decrease in the real value added of the Mining sector was mainly due to the weak recovery in the global markets, particularly in the major markets for diamonds. In 2015, diamond production decreased by 15.6 percent compared to 6.6 percent realized in Copper/Nickel production also declined by 35.0 percent in the same year due to provisional liquidation of BCL mine in October Mowana and Thakadu copper mines were put on provisional liquidation in the fourth quarter of Boseto copper mine (Discovery metals)/khoemacau was put under care and maintenancs in the second quarter of Trade, Hotels & Restaurants decrease in real value added was attributed to the inclusion of DeBeers Botswana Global Sight holders Sales (DBGSS) and Okavango Diamond Company (ODC) in the estimates. In 2015, their value added decreased by 95.5 percent compared to 57.7 percent increase registered in The decrease was largely due to unstable diamond prices during Domestic Expenditure Real gross domestic expenditure increased by 9.6 percent in 2015 compared to 1.9 percent increase recorded in Total final demand increased by 3.2 percent compared to 4.0 percent realized in Fixed Capital Formation rose by 8.8 percent in 2015 compared to 1.5 recorded in In case of foreign trade, Real exports of goods and services decreased by 17.1 percent in 2015, compared to an increase of 7.8 percent in 2014, while real imports in 2015 rose by 0.4 percent as opposed to a decrease of 0.5 percent in Exports of diamonds in Pula decreased by 19.3 percent in 2015 compared to an increase of 18.0 percent registered in the previous year.

7 Table A3: Annual percentage change in Real Domestic Expenditure Total final consumption expenditure Household final consumption expenditure Final consumption of NPISH Government final consumption expenditure Capital formation expenditure Figure 2: Components of Domestic Expenditure at constant 2006 prices 2.3 Compensation of Employees by Economic Activity (COE) Compensation of employees is the total remuneration payable by an enterprise to the employee for work done during the accounting period. There are three main components of compensation of employees; being wages & salaries in cash, wages & salaries in kind, and employer s social contributions (consists of social contributions payable by the employer for the benefit of their employees). Compensation of employees increased by 0.6 percent from P31, million in 2014 to P31, million in 2015 (See table 36) GDP by Income approach GDP by income approach is the sum of primary incomes distributed by resident producer units. This is calculated as the sum of compensation of employees by economic activity plus taxes on production plus consumption of fixed capital and operating surplus which is calculated as a residual. Operating surplus decreased by 1.0 percent in 2015 (See table 37). Figure 3: Relations between Value, Compensation of employees and Operating Surplus Table A4: Annual percentage changes in National Accounts Aggregates National Income National Disposable Income Savings Capital Stock Consumption of Fixed Capital Compensation of Employees National Income (GNI) Domestic Product is an aggregate measure of production; it refers to production of all resident units within the borders of a country, which is not exactly the same as the production of all productive activities of residents. Some of the productive activities of residents may take place abroad. The contribution of labour is accounted for through the compensation of employees paid to non-residents and received by the economy. In addition, some primary income generated within the country may go to non-residents. GNI is derived as Domestic Product plus net primary incomes from abroad (net compensation of employees from abroad plus net property income from abroad). Net compensation of employees is income earned by Botswana residents abroad minus income earned by non-residents in Botswana. Net property income is Botswana s Investment abroad minus foreign investment in Botswana. National Income increased by 0.1 percent in 2015 while Domestic Product at current prices increased by 0.04 percent the same year. In 2015, GNI was estimated at P142, million while GDP was P145, million (See table 38).

8 National Disposable Income (GNDI) National Disposable Income measures income available to the total economy for final consumption and gross saving. GNDI is derived as National Income plus inflow of current transfers minus outflows of current transfers. Current transfer s inflows include SACU receipts. GNDI increased by 0.6 percent to an amount of P159, million in 2015 from P158, recorded in 2014 (See table 38). 2.7 Savings (GS) Saving represents excess of current income over current expenditure. It is derived as National Disposable Income minus final consumption expenditure which comprises of government consumption expenditure, household consumption expenditure and Non Profit Institutions Serving Households (NPISH) expenditure. In 2015 gross savings of the nation decreased by 12.5 percent from P60, million in 2014 to P53, million (See table 38). 2.8 Consumption of Fixed Capital (CFC) At current prices, capital stock was estimated at P282, million in 2015 compared to P273, registered in the previous year (See table 41). At constant prices, capital stock increased by 6.9 percent in the year under review from P160, million recorded in the previous year to P171, million (See table 42) Diamond Mining Fixed Capital Formation At current prices, diamond capital formation was estimated at P5, million in 2015 compared to P4, million registered in the previous year (See table 44). At constant prices, diamond capital formation increased by 14.3 percent in the year under review from P3, million recorded in the previous year to P3, million in 2015 (See table 45) Diamond Mining Capital Stock At current prices, diamond capital stock was estimated at P20, million in 2015 compared to P18, million in 2014 (See table 46). Figure 5: 2015 Diamond mining capital stock shares at current prices (Pmillion) CFC is the decline in the current value of the stock of fixed assets owned and used by a producer as a result of physical deterioration, normal obsolescence or normal accidental damage during the course of the accounting period. In 2015, Consumption of fixed capital was P million compared to P million registered in 2014, recording a decrease of 0.5 percent. Figure 4: Relations between GNI, GNDI and Savings At constant prices, the stock of assets increased by 12.5 percent in the year under review from P11, million recorded in the previous year to P13, million. The increase was mainly attributed to an increase in the Diamond Mining capital stock value of machinery and equipment which went up by 12.7 percent. (See table 47). 2.9 Capital Stock It is generally accepted that the level of gross fixed capital formation, and hence the growth in fixed capital stock, has a material influence on an economy s labour productivity, business competitiveness and ultimately the rate of increase in the standard of living. Estimates of capital formation and the stock of physical capital are therefore key indicators for assessing macro-economic performance. An estimate of the capital stock refers to a value that is attached to the total physical capital in existence at a specific point in time in an economy. In addition, the estimates of the value of capital stock reflect the actual physical capacity available for repeated use in the production of other goods and services. In practice, it is usually calculated as gross or net capital stock in real terms and the perpetual inventory method (PIM) was used to produce estimates of the stock of tangible reproducible assets Copper/Nickel Mining Fixed Capital Formation In nominal terms, Copper/Nickel capital formation was estimated at P570.0 million in the year under review compared to P562.7 million in 2014 (See table 48). In real terms, capital formation stood at P368.0 million in 2015 compared to P353.9 million registered in the previous year, accounting to an increase of 4.0 percent (See table 49) Copper/Nickel Mining Capital Stock In nominal terms, Copper/Nickel capital stock was estimated at P5, million in the year under review compared to P5, million in 2014 (See table 50).

9 Figure 6: 2015 Copper/Nickel mining capital stock shares at current prices (P. Million) At constant prices, capital stock decreased by 3.4 percent in the year under review from P6, million recorded in the previous year to P6, million in The decrease was mainly attributed to a decrease in the capital stock value of machinery & equipment and construction works by 5.2 and 1.5 percent respectively (See table 59) General Government Fixed Capital Formation At current prices, Government capital formation was estimated at P16, million in 2015 compared to P14, million registered in the previous year (See table 60). At constant prices, Government capital formation increased by 13.6 percent in the year under review from P9, million recorded in the previous year to P10, million. The increase was mainly attributed to an increase in the capital formation of transport & equipment, machinery & equipment and construction works by 21.7, 13.9 and 13.5 percent respectively (See table 61) General Government Capital Stock At current prices, Government capital stock was estimated at P98, million in 2015 compared to P97, million registered in 2014 (See table 62) In real terms, Copper/Nickel capital stock was estimated at P3, million in 2015 compared to P3, million registered in the previous year, accounting to a decrease of 10.7 percent. The decrease was mainly attributed to a decrease in the capital stock value of machinery and equipment by 13.9 percent (See table 51). Figure 8: 2015 General Government sector capital stock shares at current prices (Pmillion) 2.14 Water & Electricity Fixed Capital Formation At current prices, Water & Electricity capital formation was estimated at P1, million in 2015 compared to P1, million registered in the previous year (See table 56). At constant prices, capital formation increased by 12.9 percent in the year under review from P716.8 million recorded in the previous year to P809.5 million in 2015 (See table 57) Water & Electricity Capital Stock At current prices, Water & Electricity capital stock was estimated at P9, million in 2015 compared to P10, million registered in the previous year (See table 58). Figure 7: 2015 Water & Electricity sector capital stock shares at current prices (P.Million) In real terms, Government capital stock stood at P60, million in 2015 compared to P57, million registered in the previous year, accounting to an increase of 4.9 percent (See table 63).

10 Table A 5: GDP per capita (Pula) Year Nominal GDP per capita Real GDP per capita , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,380.0 Figure 9: Nominal and Real GDP Per capita (Pula) 3. Quarterly Domestic Product Table A5: Quarterly Key figures at constant 2006 prices Real Domestic Product Quarter-on -Quarter Year-on- Year Total Final Consumption Percentage Change Quarter-on- Quarter Year-on -Year Fixed Capital Formation Quarter-on -Quarter Year-on- Year First quarter Second quarter Third quarter Fourth quarter First quarter Second quarter Third quarter Fourth quarter First quarter Second quarter Third quarter Fourth quarter Fourth quarter GDP (2015) The estimated GDP at current prices for the fourth quarter of 2015 was P34, million compared to a revised level of P37, million registered in the third quarter of 2015 (See table 10). GDP at constant 2006 prices for the fourth quarter of 2015 was P21, million compared to P20, million registered in the third quarter of 2015 recording an increase of 2.6 percent. The domestic economy decreased by 3.6 percent in the fourth quarter of 2015 compared to an increase of 2.7 percent accrued in the same quarter of The decline was attributed to Mining and Trade, Hotels & Restaurants real value added which decreased by 30.4 and 3.7 percent respectively in the fourth quarter of Trade, Hotels & Restaurants decrease in real value added of 3.7 percent is attributed to a decrease in the value added of DeBeers Botswana Global Sight holders Sales (DBGSS) and Okavango Diamond Company (ODC). During the year 2015, diamond prices have remained relatively unstable and therefore diamond industry has been significantly impacted by the commodity price downturn due to the continued weak recovery in the global markets, particularly in the major markets for diamonds. In the quarter under review, copper and diamond production decreased by 59.7 and 20.4 percent respectively. During the fourth quarter of 2015, Mowana and Thakadu copper mines were on provisional liquidation while there was also a plant shutdown at the BCL copper mine during the months of August, September and October All other industries recorded positive growth with the exception of Mining, Trade, Hotels & Restaurants, Manufacturing and Agriculture which decreased by 30.4, 3.7, 1.3 and 0.7 percent respectively (See table 14). Water and Electricity value added at constant 2006 prices for the fourth quarter of 2015 was P122.3 million compared to P50.0 million registered in the fourth quarter of Although Electricity continued to record negative value added, it has shown some improvement. In the fourth quarter of 2015 Electricity recorded a positive value added of P9.4 million compared to a negative value added of P81.0 million registered in the fourth quarter of The improvement is attributed to an increase in local electricity production by 40.2 percent and a decrease of 34.2 percent in electricity imports. Imported Electricity is included in intermediate consumption (See table 22).

11 Water has shown some improvement in the fourth quarter of 2015 compared to the previous quarter, it registered a decline of 2.2 percent compared to a decrease of 13.2 percent in the previous quarter. Figure 11: Components of Domestic Expenditure at 2006 prices Manufacturing recorded a decrease of 1.3 percent in the fourth quarter of 2015 compared to an increase of 5.1 percent realized in the same quarter of the previous year. The decline was attributed to a decline in the value added of Beverages, Tanning & leather products, other manufacturing and Textiles which decreased by 5.5, 4.6, 1.7 and 0.5 percent respectively (See table 20). Other manufacturing comprises of diamond polishing and cutting companies which are also facing the same challenges as the diamond mining companies emanating from lower external demand of diamonds and lower commodity prices. Exports of polished diamonds decreased by 43.7 percent in the fourth quarter of 2015 compared to a decrease of 10.7 percent recorded in the fourth quarter of Figure 10: Real GDP growth rates (over four quarters) 3.2 Components of GDP by Type of Expenditure Total final consumption expenditure recorded an increase of 2.3 percent in the fourth quarter of 2015, whereas in the same quarter of the previous year it increased by 2.8 percent. Household final consumption increased by 2.1 percent in the fourth quarter of 2015 while Government final consumption rose by 2.9 percent in the same quarter. Fixed capital formation recorded an increase of 3.2 percent in the quarter under review. In case of foreign trade, real exports of goods and services decreased by 32.0 percent in the fourth quarter of 2015 compared to an increase of 10.3 percent recorded in the same quarter of Imports of goods and services registered a decrease of 5.0 percent in the fourth quarter of 2015 compared to 7.6 percent decrease registered in the same quarter of Exports of rough and polished diamonds in carats decreased by 53.7 percent in the fourth quarter of 2015 compared to an increase of 10.8 percent registered in the same quarter of 2014.

12 Statistical Tables Table 1: Value added by kind of Economic Activity at Current Prices - Million of pula ECONOMIC ACTIVITY Agriculture , , , , , , , , , ,214.5 Mining 16, , , , , , , , , , ,819.9 Manufacturing 2, , , , , , , , , , ,441.7 Water and Electricity Construction 2, , , , , , , , , , ,606.6 Trade, Hotels & Restaurants of which 5, , , , , , , , , , ,711.4 Trade excl Hotels & Restaurants 4, , , , , , , , , , ,854.7 Hotels & Restaurants 1, , , , , , , , , , ,856.7 Transport and communication 1, , , , , , , , , , ,559.3 Banks, Insurance & Business Services 5, , , , , , , , , , ,517.5 General Government 7, , , , , , , , , , ,491.1 Social and Personal Services 2, , , , , , , , , , ,653.0 Total Value, 45, , , , , , , , , , ,795.8 Adjustments items of which: Taxes on Imports 3, , , , , , , , , , ,541.6 Taxes on products/ production 2, , , , , , , , , , ,205.1 Subsdies on products/ production Total GDP at current market prices 50, , , , , , , , , , ,923.5 Total GDP excluding Mining 34, , , , , , , , , , ,103.6 Domestic Product Per Capita (Pula) 28, , , , , , , , , , ,756.7

13 Table 2: Contributions of Value to GDP by kind of Economic Activity at Current Prices ECONOMIC ACTIVITY Agriculture Mining Manufacturing Water and Electricity Construction Trade, Hotels & Restaurants of which Trade excl Hotels &Restaurants Hotels & Restaurants Transport Banks, Insurance & Business Services General Government Social and Personal Services Total Value, Adjustments items of which: Taxes on Imports Taxes on products/production Subsdies on products/production Total GDP excluding Mining Value added Table 3: Value added by kind of Economic Activity at Constant 2006 Prices - Million of pula ECONOMIC ACTIVITY Agriculture 1, , , , , , , , , , ,447.7 Mining 18, , , , , , , , , , ,130.5 Manufacturing 2, , , , , , , , , , ,327.4 Water and Electricity Construction 2, , , , , , , , , , ,481.6 Trade, Hotels & Restaurants of which 5, , , , , , , , , , ,267.6 Trade excl Hotels & Restaurants 4, , , , , , , , , , ,165.5 Hotels & Restaurants 1, , , , , , , , , , ,102.1 Transport and communication 1, , , , , , , , , , ,075.5 Banks, Insurance & Business Services 6, , , , , , , , , , ,843.7 General Government 7, , , , , , , , , , ,442.4 Social and Personal Services 2, , , , , , , , , , ,055.2 Total Value, 49, , , , , , , , , , ,391.0 Adjustments items of which: Taxes on Imports 3, , , , , , , , , , ,174.3 Taxes on products/ production 2, , , , , , , , , , ,940.2 Subsdies on products/ production (424.6) Total GDP at constant prices 54, , , , , , , , , , ,080.8 Total GDP excluding Mining 36, , , , , , , , , , ,950.4 Domestic Product Per Capita (Pula) 30, , , , , , , , , , ,380.0

14 Table 4: Annual Percentage Change in Value by kind of Economic Activity at Constant 2006 Prices ECONOMIC ACTIVITY Agriculture Mining Manufacturing Water and Electricity Construction Trade, Hotels & Restaurants of which Trade excl Hotels & Restaurants Hotels & Restaurants Transport Banks, Insurance & Business Services General Government Social and Personal Services Total Value, Taxes on Imports Taxes on products/production Subsdies on products/production Total GDP at constant prices Total GDP excluding Mining Value added Domestic Product Per Capita Table 5. Domestic Product by Type Of Expenditure at Current Prices - Millions of Pula TYPE OF EXPENDITURE Government final consumption 9, , , , , , , , , , ,056.7 (a) Central 8, , , , , , , , , , ,034.1 (b) Local 1, , , , , , , , , , ,022.6 Private final consumption 19, , , , , , , , , , ,009.2 (a) Non-profit services 1, , , , , , , , , , ,460.1 (b) Household, marketed 16, , , , , , , , , , ,271.0 (c) Household, non- marketed 2, , , , , , , , , , ,278.1 Changes in inventories , , , , , , , , ,787.6 (a) Livestock ,485.7 (b) Minerals , , , , , ,825.6 (c) Other , , , , , , , ,099.0 fixed capital formation 12, , , , , , , , , , ,643.4 (a) Construction 8, , , , , , , , , , ,329.6 (b) Machinery & equipment 3, , , , , , , , , , ,132.9 (c) Transport & equipment , , , , , , , , , ,532.9 (d) Mineral Prospecting Domestic Expenditure 42, , , , , , , , , , ,921.7 Exports of goods 22, , , , , , , , , , ,528.0 Exports of services 4, , , , , , , , , , ,695.0 Total Exports (Goods and Services) 26, , , , , , , , , , ,223.0 Imports of goods 13, , , , , , , , , , ,793.0 Imports of services 4, , , , , , , , , , ,363.0 Total Imports (Goods and Services) 18, , , , , , , , , , ,156.0 Net errors & omissions -1, , , , , , , ,065.2 GDP at current prices 50, , , , , , , , , , ,923.4 Net errors & omissions as % of GDP

15 Table 6: Contributions of Components of GDP by Expenditure at Current Prices TYPE OF EXPENDITURE Government final consumption (a) Central (b) Local Household final consumption (a) Non-profit services (b) Household, marketed (c) Household, non-marketed Net increase in inventories (a) Livestock (b) Minerals (c) Other fixed capital formation (a) Construction (b) Machinery & equipment (c) Transport & equipment (d) Mineral Prospecting Domestic Expenditure Exports of goods Exports of services Total Exports (Goods and Services) Imports of goods Imports of services Total Imports (Goods and Services) Table 7. Domestic Product by Type Of Expenditure at Constant 2006 Prices - Millions of Pula TYPE OF EXPENDITURE Government final consumption 10, , , , , , , , , , ,375.1 (a) Central 8, , , , , , , , , , ,095.2 (b) Local 1, , , , , , , , , , ,279.9 Private final consumption 19, , , , , , , , , , ,451.1 (a) Non-profit services 1, , , , , , , , , ,061.8 (b) Household, marketed 16, , , , , , , , , , ,840.3 (c) Household, non-marketed 2, , , , , , , , , , ,549.0 Changes in inventories , , , , , , , ,247.3 (a) Livestock (b) Minerals , , , ,666.4 (c) Other 1, , , , , , , , , ,116.7 fixed capital formation 14, , , , , , , , , , ,556.4 (a) Construction 9, , , , , , , , , , ,920.6 (b) Machinery & equipment 4, , , , , , , , , , ,178.0 (c) Transport & equipment , , , , , , , , , ,059.7 (d) Mineral Prospecting Domestic Expenditure 45, , , , , , , , , , ,629.9 Exports of goods 25, , , , , , , , , , ,082.6 Exports of services 4, , , , , , , , , , ,169.1 Total Exports (Goods and Services) 29, , , , , , , , , , ,251.8 Imports of goods 15, , , , , , , , , , ,323.3 Imports of services 4, , , , , , , , , , ,560.6 Total Imports (Goods and Services) 20, , , , , , , , , , ,883.9 Net errors & omissions , , , , , ,916.9 GDP at constant prices 54, , , , , , , , , , ,080.8 Net errors & omissions as % of GDP Annual Percentage Change Government final consumption Private final consumption fixed capital formation Exports of Goods and Services Imports of Goods and Services GDP at constant prices Note: estimates are provisional

16 Table 8: by type of Economic activity at Current Prices - Millions of pula Table 8 Continued: by type of Economic activity at Current Prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , , , ,811.3 Q , , , , , , , ,063.6 Q , , , , , , , ,896.9 Q , , , , , , , , Q , , , , , , , , ,407.0 Q , , , , , , , , ,225.4 Q , , , , , , , , ,331.1 Q , , , , , , , , , Q , , , , , , , , ,355.3 Q , , , , , , , , ,014.8 Q , , , , , , , , ,015.7 Q , , , , , , , , , Q , , , , , , , , ,508.6 Q , , , , , , , , ,626.2 Q , , , , , , , , ,737.5 Q , , , , , , , , , Q , , , , , , , , ,115.2 Q , , , , , , , , ,427.0 Q , , , , , , , , ,257.1 Q , , , , , , , , , Q , , , , , , , , ,917.5 Q , , , , , , , , ,617.9 Q , , , , , , , , ,777.7 Q , , , , , , , , , Q , , , , , , , , ,570.0 Q , , , , , , , , ,837.6 Q , , , , , , , , ,918.0 Q4 1, , , , , , , , , , Q1 1, , , , , , , , , ,329.5 Q2 1, , , , , , , , , ,992.8 Q3 1, , , , , , , , , ,132.5 Q , , , , , , , , , Q , , , , , , , , ,923.5 Q2 1, , , , , , , , , ,012.5 Q3 1, , , , , , , , , ,339.2 Q4 1, , , , , , , , , , Q1 1, , , , , , , , , ,498.8 Q2 1, , , , , , , , , ,344.0 Q3 1, , , , , , , , , ,766.0 Q4 1, , , , , , , , , , , Q1 1, , , , , , , , , ,176.1 Q2 1, , , , , , , , , , ,064.1 Q3 1, , , , , , , , , , ,133.3 Q4 1, , , , , , , , , , ,250.0

17 Table 9: Intermediate Consumptionby Economic activity at Current prices - Millions of pula Table 9 Continued: Intermediate Consumptionby Economic activity at Current prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , ,953.0 Q , , , ,009.5 Q , , , , ,903.0 Q , , , , Q , , , , , , ,731.6 Q , , , , ,291.8 Q , , , , , ,530.0 Q , , , , , , Q , , , , , , ,977.3 Q , , , , ,974.0 Q , , , , , ,348.7 Q , , , , , , Q , , , , , , ,874.3 Q , , , , , ,269.5 Q , , , , , , ,731.6 Q , , , , , , , Q , , , , , , ,477.3 Q , , , , , , ,784.5 Q , , , , , , ,123.0 Q , , , , , , , , Q , , , , , , , ,540.9 Q , , , , , , , ,944.0 Q , , , , , , , ,995.6 Q , , , , , , , , Q , , , , , , , ,923.3 Q , , , , , , , ,696.5 Q , , , , , , , ,460.4 Q , , , , , , , , ,994.8 Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total IC Calendar year Agriculture Mining Manufacturing Water & Electricity Construction 2012 Q , , , , , , , ,773.6 Q , , , , , , , , ,807.9 Q , , , , , , , ,411.5 Q , , , , , , , Q , , , , , , , ,418.6 Q , , , , , , , ,404.4 Q , , , , , , , ,670.4 Q , , , , , , , , Q , , , , , , , , ,261.8 Q , , , , , , , ,869.0 Q , , , , , , , ,948.7 Q , , , , , , , , , Q , , , , , , , , ,904.6 Q , , , , , , , , ,166.8 Q , , , , , , , , ,527.9 Q , , , , , , , , ,228.4 IC : Intermediate Consumption Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total IC

18 Table 10: Value by Kind of Economic Activity at Current Prices - Millions of pula Table 10: Value by Kind of Economic Activity at Current Prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Social & Personal Services Value Taxes on Imports Other Taxes on products Subsdies Total GDP Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Social & Personal Services Value Taxes on Imports Other Taxes on products Subsdies Total GDP , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , , ,342.9 Q , , , , , ,126.6 Q , , , , , ,187.9 Q , , , , , , , Q , , , , , ,001.8 Q , , , , , ,209.8 Q , , , , , ,216.0 Q , , , , , , Q , , , , , ,733.6 Q , , , , , , , ,774.3 Q , , , , , , , ,514.2 Q , , , , , , , , , Q , , , , , , ,484.8 Q , , , , , , , ,286.9 Q , , , , , , , , , ,148.8 Q , , , , , , , , , , , Q , , , , , , , , , , ,596.0 Q , , , , , , , , , , ,731.6 Q , , , , , , , , , , , ,472.0 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,617.6 Q , , , , , , , , , , , ,914.5 Q , , , , , , , , , , , ,106.9 Q , , , , , , , , , , , , Q , , , , , , , , , , ,480.0 Q , , , , , , , , , , , ,640.7 Q , , , , , , , , , , , ,181.7 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,044.1 Q , , , , , , , , , , , ,726.0 Q , , , , , , , , , , , ,541.9 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,429.3 Q , , , , , , , , , , , ,466.0 Q , , , , , , , , , , , ,665.6 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,491.5 Q , , , , , , , , , , , ,703.6 Q , , , , , , , , , , , ,156.2 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,649.7 Q , , , , , , , , , , , ,398.9 Q , , , , , , , , , , , ,237.2 Q , , , , , , , , , , , ,637.6

19 Table 11: by type of Economic activity at Constant 2006 Prices - Millions of pula Table 11 Continued: by type of Economic activity at Constant 2006 Prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , , , , , ,016.4 Q , , , , , , , , ,744.6 Q , , , , , , , , ,059.5 Q , , , , , , , , , Q , , , , , , , , ,102.6 Q , , , , , , , , ,714.8 Q , , , , , , , , ,198.3 Q , , , , , , , , , Q , , , , , , , , ,637.6 Q , , , , , , , , ,064.7 Q , , , , , , , , ,644.7 Q , , , , , , , , , Q , , , , , , , , ,601.0 Q , , , , , , , , ,369.5 Q , , , , , , , , ,001.4 Q , , , , , , , , , Q , , , , , , , , ,732.3 Q , , , , , , , , ,510.0 Q , , , , , , , , ,519.8 Q , , , , , , , , , Q , , , , , , , , ,331.7 Q , , , , , , , , ,092.8 Q , , , , , , , , ,002.5 Q , , , , , , , , , Q , , , , , , , , ,773.7 Q , , , , , , , , ,711.4 Q , , , , , , , , ,849.1 Q , , , , , , , , , Q , , , , , , , , ,258.4 Q , , , , , , , , ,610.9 Q , , , , , , , , ,643.4 Q , , , , , , , , , Q , , , , , , , , ,227.3 Q , , , , , , , , ,501.1 Q , , , , , , , , ,476.9 Q , , , , , , , , , Q , , , , , , , , ,520.2 Q , , , , , , , , ,586.2 Q , , , , , , , , ,207.9 Q , , , , , , , , , Q , , , , , , , , ,242.2 Q , , , , , , , , ,223.2 Q , , , , , , , , ,934.8 Q , , , , , , , , ,999.1

20 Table 12: Intermediate Consumptionby Economic activity at Constant 2006 prices - Millions of pula Table 12: Intermediate Consumptionby Economic activity at Constant 2006 prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total IC Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Total IC , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , ,679.2 Q , , , , ,808.1 Q , , , , ,078.4 Q , , , , , Q , , , , , , ,067.5 Q , , , , , ,625.5 Q , , , , , ,242.9 Q , , , , , , Q , , , , , , ,652.2 Q , , , , , ,702.0 Q , , , , , ,160.8 Q , , , , , , Q , , , , , , ,001.5 Q , , , , , ,130.0 Q , , , , , ,389.3 Q , , , , , , Q , , , , , ,701.8 Q , , , , , ,572.1 Q , , , , ,779.7 Q , , , , , , Q , , , , , ,711.8 Q , , , , , , ,316.7 Q , , , , , ,332.3 Q , , , , , , Q , , , , , , ,067.6 Q , , , , , ,963.0 Q , , , , , , ,920.0 Q , , , , , , , Q , , , , , , ,517.3 Q , , , , , , ,009.6 Q , , , , , ,398.9 Q , , , , , , , Q , , , , , , ,038.7 Q , , , , , , ,721.2 Q , , , , , , ,810.5 Q , , , , , , , Q , , , , , , ,715.8 Q , , , , , , ,036.6 Q , , , , , , ,437.7 Q , , , , , , , Q , , , , , , ,859.7 Q , , , , , , ,823.7 Q , , , , , ,432.5 Q , , , , , ,892.5 IC : Intermediate Consumption

21 Table 13: Value by Kind of Economic Activity at Constant 2006 Prices - Millions of pula Table 13 Continued: Value by Kind of Economic Activity at Constant 2006 Prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Value Taxes on Imports Other Taxes on products Subsdies Total GDP Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Value Taxes on Imports Other Taxes on products Subsdies Total GDP , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q , , , , , ,839.5 Q , , , , , ,019.9 Q , , , , , ,184.8 Q , , , , , , , Q , , , , , ,405.4 Q , , , , , ,372.3 Q , , , , , ,353.1 Q , , , , , , Q , , , , , ,335.1 Q , , , , , , , ,088.0 Q , , , , , , ,317.6 Q , , , , , , , Q , , , , , , ,397.8 Q , , , , , , , ,065.3 Q , , , , , , ,607.6 Q , , , , , , , , Q , , , , , , , ,843.7 Q , , , , , , , ,811.5 Q , , , , , , , , , ,782.8 Q , , , , , , , , , Q , , , , , , , ,504.1 Q , , , , , , , , ,642.5 Q , , , , , , , , , ,598.1 Q , , , , , , , , , , Q , , , , , , , , , ,489.7 Q , , , , , , , , , , ,986.8 Q , , , , , , , , , ,917.8 Q , , , , , , , , , , , Q , , , , , , , , , , ,685.5 Q , , , , , , , , , , ,582.4 Q , , , , , , , , , , , ,440.3 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,507.7 Q , , , , , , , , , , , ,931.6 Q , , , , , , , , , , , ,917.2 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,190.0 Q , , , , , , , , , , , ,887.1 Q , , , , , , , , , , , ,178.7 Q , , , , , , , , , , , , Q , , , , , , , , , , , ,772.9 Q , , , , , , , , , , , ,817.8 Q , , , , , , , , , , , ,971.3 Q , , , , , , , , , , , ,518.9

22 Table 14: Percentage Change in Value by Kind of Economic Activity at Constant 2006 Prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Value Taxes on Imports Other Taxes on products Subsdies Total GDP Table 14 Continued : Percentage Change in Value by Kind of Economic Activity at Constant 2006 Prices - Millions of pula Calendar year Agriculture Mining Manufacturing Water & Electricity Construction Trade, Hotels &Restaurants Transport & Communication Finance & Business Service General Government Socila & Personal Services 2012 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Value Taxes on Imports Other Taxes on products Subsdies Total GDP

23 Table 15: Production Account - Agriculture at Current Prices - Millions of Pula Cal. Year LIVESTOCK CROPS OTHER TOTAL Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q , Value Value Table 15 Continued: Production Account - Agriculture at Current Prices - Millions of Pula Cal. Year LIVESTOCK CROPS OTHER TOTAL Value Value 2012 Q , Q , Q , Q Q Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Value Value

24 Table 16: Production Account - Agriculture at Constant 2006 Prices - Millions of Pula LIVESTOCK CROPS OTHER TOTAL Table 16: Production Account - Agriculture at Constant 2006 Prices - Millions of Pula LIVESTOCK CROPS OTHER TOTAL Cal. Year Value Value Value Value Cal. Year Value Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q

25 Table 17: Production account - Mining and Quarrying at Current Prices - Millions of pula Cal. Year DIAMONDS COPPER/NICKEL SODA ASH COAL OTHER MINING PROSPECTING* TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,819.9 Value Value Value Value 2005 Q1 4, , , ,040.3 Q2 2, , , ,939.0 Q3 5, , , , , ,341.3 Q4 3, , , , Q1 4, , , , ,483.6 Q2 3, , , ,463.4 Q3 5, , , , , , , ,746.3 Q4 4, , , , , , , Q1 4, , , , , , ,938.4 Q2 2, , , , , ,760.5 Q3 6, , , , , ,165.2 Q4 3, , , , , , , Q1 5, , , , , , ,966.0 Q2 3, , , , , ,584.5 Q3 5, , , , , ,395.9 Q4 5, , , , , , Q1 1, , , , ,950.5 Q2 3, , , , , ,272.8 Q3 2, , , , , ,519.6 Q4 3, , , , , , , Q1 3, , , (6.1) , , ,242.2 Q2 4, , , , , , ,759.1 Q3 5, , , , , , , ,085.7 Q4 5, , , , , , , Q1 5, , , , , , ,824.8 Q2 6, , , , , ,113.8 Q3 7, , , , , ,598.8 Q4 6, , , , , ,991.6

26 Table 17 Continued: Production account - Mining and Quarrying at Current Prices - Millions of pula DIAMONDS COPPER/NICKEL SODA ASH COAL OTHER MINING PROSPECTING* TOTAL Cal. Year Value Value Value 2012 Q1 5, , , , , ,617.1 Q2 6, , , , , ,524.0 Q3 5, , , , , ,443.1 Q4 5, , , , , , , Q1 5, , , , , ,672.1 Q2 9, , , , , , , ,935.6 Q3 7, , , , , , , ,123.9 Q4 6, , , , , , Q1 8, , , , , ,260.3 Q2 10, , , , , , , ,390.5 Q3 8, , , , , ,289.9 Q4 9, , , , , , , , Q1 8, , , , , , ,641.6 Q2 8, , , , , , ,646.3 Q3 7, , , , , ,879.3 Q4 3, , , , ,652.8 Value Value Value Value

27 Table 18: Production account - Mining and Quarrying at Constant 2006 Prices - Millions of pula Cal. Year DIAMONDS COPPER/NICKEL SODA ASH COAL OTHER MINING PROSPECTING* TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,130.5 Value Value Value Value 2005 Q1 3, , , ,807.3 Q2 4, , , , , ,333.9 Q3 4, , , , , , ,923.6 Q4 4, , , , , , , Q1 4, , , , , ,585.3 Q2 4, , , , , , ,577.9 Q3 4, , , , , , ,985.1 Q4 4, , , , , , Q1 4, , , , , ,517.8 Q2 4, , , , , ,441.3 Q3 4, , , , ,523.4 Q4 4, , , , , , , Q1 4, , , , , , ,700.9 Q2 4, , , , , , ,570.7 Q3 4, , , , , ,892.7 Q4 3, , , , Q1 1, , , ,011.2 Q2 2, , , , , ,721.6 Q3 2, , , , , ,616.2 Q4 3, , , , , , , Q1 2, , , , , ,148.6 Q2 2, , , , ,905.5 Q3 2, , , , , , ,474.0 Q4 2, , , , , Q1 2, , , , , ,021.8 Q2 3, , , , ,096.8 Q3 3, , , , ,914.4 Q4 2, , , , , ,749.3

28 Table 18 Continued: Production account - Mining and Quarrying at Constant 2006 Prices - Millions of pula Cal. Year DIAMONDS COPPER/NICKEL SODA ASH COAL OTHER MINING PROSPECTING* TOTAL Value Value Value 2012 Q1 2, , , , , ,934.8 Q2 2, , , , , ,917.5 Q3 2, , , ,224.0 Q4 2, , , , , Q1 2, , , , , , ,081.0 Q2 3, , , , , , ,816.8 Q3 2, , , , , , ,258.7 Q4 3, , , , , , Q1 3, , , , , ,226.5 Q2 3, , , , , ,561.6 Q3 3, , , , , ,442.9 Q4 3, , , , , , , Q1 2, , , , , ,289.8 Q2 3, , , , , ,272.3 Q3 2, , , ,047.9 Q4 2, , , ,520.4 Value Value Value Value

29 Table 19: Production account - Manufacturing at Current Prices - Millions of pula Cal. Year MEAT & PRODUCTS BEVERAGES TEXTILES LEATHER AND LEATHER PRODUCTS OTHER MANUFACTURING TOTAL MANUFACTURING Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,441.7 Value Value Value 2005 Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , ,092.6 Q , , , , ,100.1 Q , , , , , Q , , , , Q , , , , ,123.3 Q , , , , ,132.1 Q , , , , , Q , , , , ,100.1 Q , , , , ,202.2 Q , , , , ,147.9 Q , , , , , Q , , , , ,277.1 Q , , , , ,357.3 Q , , , , ,412.3 Q , , , , , Q , , , , ,362.8 Q , , , , ,426.5 Q , , , , ,585.0 Q , , , , ,699.8

30 Table 19 Continued: Production account - Manufacturing at Current Prices - Millions of pula Cal. Year MEAT & PRODUCTS BEVERAGES TEXTILES LEATHER AND LEATHER PRODUCTS OTHER MANUFACTURING TOTAL MANUFACTURING Value Value Value 2012 Q , , , , ,601.4 Q , , , , ,627.7 Q , , , , ,668.5 Q , , , , , Q , , , , ,725.8 Q , , , , ,784.4 Q , , , , ,865.3 Q , , , , , Q , , , , ,784.0 Q , , , , , ,897.9 Q , , , , , ,986.3 Q , , , , , , Q , , , , , ,048.0 Q , , , , , ,105.5 Q , , , , , ,131.3 Q , , , , , ,156.8 Value Value Value

31 Table 20: Production account - Manufacturing at Constant 2006 Prices - Millions of pula Cal. Year MEAT & PRODUCTS BEVERAGES TEXTILES LEATHER AND LEATHER PRODUCTS OTHER MANUFACTURING TOTAL MANUFACTURING Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,327.4 Value Value Value 2005 Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , Q , , , , ,032.6 Q , , , , Q , , , , Q , , , , Q , , , , ,020.1 Q , , , , Q , , , , Q , , , , ,036.1 Q , , , , ,040.6 Q , , , , Q , , , , Q , , , , Q , , , , ,024.9 Q , , , , ,049.3 Q , , , , , Q , , , , ,123.2 Q , , , , ,098.5 Q , , , , ,166.5 Q , , , , ,259.1

32 Table 20 Continued: Production account - Manufacturing at Constant 2006 Prices - Millions of pula Cal. Year MEAT & PRODUCTS BEVERAGES TEXTILES LEATHER AND LEATHER PRODUCTS OTHER MANUFACTURING TOTAL MANUFACTURING Value Value Value 2012 Q , , , , ,234.5 Q , , , , ,174.0 Q , , , , ,208.4 Q , , , , , Q , , , , ,226.1 Q , , , , ,293.3 Q , , , , ,319.6 Q , , , , , Q , , , , ,205.7 Q , , , , ,271.3 Q , , , , ,322.4 Q , , , , , Q , , , , ,287.3 Q , , , , ,347.4 Q , , , , ,349.9 Q , , , , ,342.7 Value Value Value

33 Table 21: Production account - Water and Electricity at Current Prices - Millions of pula Cal. Year WATER ELECTRICITY TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Table 21 Continued: Production account - Water and Electricity at Current Prices - Millions of pula Cal. Year WATER ELECTRICITY TOTAL Value Value Value 2012 Q Q , Q Q Q Q Q Q Q , Q Q Q , , , Q , , Q , , Q , , Q , ,

34 Table 22: Production account - Water and Electricity at Constant 2006 Prices - Millions of pula Cal. Year WATER ELECTRICITY TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Table 22 Continued: Production account - Water and Electricity at Constant 2006 Prices - Millions of pula Cal. Year WATER ELECTRICITY TOTAL Value Value Value 2012 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q

35 Table 23: Production Account Construction- Millions of Pula Cal. Year Current Prices Value Cal. Year Constant 2006 Prices Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q1 1, , Q1 2, , Q2 1, , Q2 2, , Q3 2, , Q3 2, , Q4 2, , Q4 2, , Q1 2, , Q1 2, , Q2 2, , Q2 2, , Q3 2, , Q3 2, , Q4 2, , Q4 1, , Q1 2, , Q1 2, , Q2 2, , Q2 2, , Q3 2, , Q3 2, , Q4 2, , ,011.3 Q4 2, , Q1 2, , Q1 2, , Q2 2, , Q2 2, , Q3 2, , Q3 2, , Q4 2, , ,006.8 Q4 3, , Q1 3, , , Q1 2, , Q2 3, , ,137.9 Q2 2, , Q3 3, , ,199.7 Q3 3, , ,035.2 Q4 3, , ,096.9 Q4 2, , Q1 3, , , Q1 3, , Q2 3, , ,150.6 Q2 3, , Q3 4, , ,351.0 Q3 3, , ,078.3 Q4 4, , ,401.3 Q4 3, , , Q1 4, , , Q1 3, , ,183.9 Q2 4, , ,472.6 Q2 3, , ,183.9 Q3 5, , ,638.1 Q3 4, , ,320.4 Q4 5, , ,711.8 Q4 4, , ,359.0 Table 23 Continued: Production Account Construction- Millions of Pula Cal. Year Current Prices Value Cal. Year Constant 2006 Prices Value 2012 Q1 5, , , Q1 4, , ,422.2 Q2 6, , ,859.2 Q2 4, , ,438.6 Q3 6, , ,878.9 Q3 4, , ,452.2 Q4 6, , ,895.5 Q4 4, , , Q1 6, , , Q1 4, , ,484.7 Q2 6, , ,988.8 Q2 4, , ,503.8 Q3 6, , ,000.0 Q3 4, , ,506.0 Q4 6, , ,054.7 Q4 4, , , Q1 6, , , Q1 4, , ,521.8 Q2 7, , ,205.0 Q2 5, , ,558.3 Q3 7, , ,161.4 Q3 5, , ,573.7 Q4 7, , ,183.8 Q4 5, , , Q1 7, , , Q1 5, , ,596.4 Q2 7, , ,420.9 Q2 5, , ,619.8 Q3 7, , ,402.9 Q3 5, , ,627.5 Q4 7, , ,451.7 Q4 5, , ,637.9

36 Table 24: Production Account - Trade, Hotels and Restaurants at current prices - Millions of pula Cal. Year WHOLESALE RETAIL HOTELS & RESTAURANTS FILLING STATIONS VEHICLE DEALERS TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,711.4 Value Value Value 2005 Q , ,237.7 Q , , , ,323.6 Q , , ,405.6 Q , , , , Q , , , ,676.4 Q , , , ,700.0 Q , , , ,789.6 Q , , , , Q , , , ,927.0 Q , , , ,037.4 Q , , , , ,035.8 Q , , , , , Q , , , , ,269.1 Q , , , , ,452.9 Q , , , , , ,583.8 Q , , , , , , Q , , , , , ,725.5 Q , , , , , , ,882.6 Q , , , , , , ,841.3 Q , , , , , , Q , , , , , , ,943.0 Q , , , , , , , ,267.1 Q , , , , , , , ,496.6 Q , , , , , , , ,377.5

37 Table 24 Continued: Production Account - Trade, Hotels and Restaurants at current prices - Millions of pula WHOLESALE RETAIL HOTELS & RESTAURANTS FILLING STATIONS VEHICLE DEALERS TOTAL Cal. Year Value Value Value 2011 Q , , , , , , , ,821.3 Q , , , , , , , ,716.6 Q , , , , , , , ,839.1 Q , , , , , , , , Q , , , , , , , ,211.2 Q , , , , , , , ,173.6 Q , , , , , , , ,258.9 Q , , , , , , , , Q1 1, , , , , , , , ,825.8 Q2 1, , , , , , , , ,010.0 Q3 1, , , , , , , , , ,451.5 Q4 1, , , , , , , , , , Q1 2, , , , , , , , , ,360.7 Q2 2, , , , , , , , , ,538.4 Q3 2, , , , , , , , , ,675.4 Q4 1, , , , , , , , , , Q1 1, , , , , , , , , ,215.3 Q2 1, , , , , , , , ,819.8 Q , , , , , , , ,774.5 Q , , , , , , , ,901.7 Value Value Value

38 Table 25: Production Account - Trade, Hotels and Restaurants at constant 2006 prices - Millions of pula Cal. Year WHOLESALE RETAIL HOTELS & RESTAURANTS FILLING STATIONS VEHICLE DEALERS TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,267.6 Value Value Value 2005 Q , , ,007.1 Q , , ,013.5 Q , ,005.9 Q , , Q , , ,177.5 Q , , ,095.7 Q , , ,170.8 Q , , , Q , , ,264.3 Q , , ,314.6 Q , , , ,297.3 Q , , , , , Q , , , , ,495.6 Q , , , , ,557.0 Q , , , , ,605.0 Q , , , , , Q , , , , ,575.8 Q , , , , , ,649.5 Q , , , , ,609.1 Q , , , , , Q , , , , , ,648.4 Q , , , , , , ,638.9 Q , , , , , , ,697.7 Q , , , , , , , Q , , , , , , , ,947.8 Q , , , , , , , ,743.5 Q , , , , , , , ,719.5 Q , , , , , , , ,910.7

39 Table 25 Continue: Production Account - Trade, Hotels and Restaurants at constant 2006 prices - Millions of pula Cal. Year WHOLESALE RETAIL HOTELS & RESTAURANTS FILLING STATIONS VEHICLE DEALERS TOTAL Value Value Value 2012 Q , , , , , , , ,904.3 Q , , , , , , , ,948.9 Q , , , , , , , ,991.7 Q , , , , , , , , Q , , , , , , , ,278.9 Q , , , , , , , ,273.5 Q , , , , , , , ,498.3 Q , , , , , , , , Q1 1, , , , , , , , ,713.3 Q2 1, , , , , , , , ,671.0 Q3 1, , , , , , , , ,787.6 Q , , , , , , , , Q , , , , , , , ,501.1 Q , , , , , , , ,413.6 Q , , , , , , , ,494.2 Q , , , , , , , ,523.5 Value Value Value

40 Table 26: Production Account - Transport and Communications at current prices - Millions of Pula Cal. Year ROAD CTO RAIL AIR POSTS & COMMUNICATION OTHER TRANSPORT TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,559.3 Value Value Value Value 2005 Q Q Q Q Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , ,031.5 Q , , , Q , , ,040.7 Q , , ,080.3 Q , , ,165.3 Q , , , Q , , ,201.2 Q , , ,235.1 Q , , ,324.9 Q , , ,352.7

41 Table 26 Continued : Production Account - Transport and Communications at current prices - Millions of Pula Cal. Year ROAD CTO RAIL AIR POSTS & COMMUNICATION OTHER TRANSPORT TOTAL Value Value Value 2012 Q , , ,509.2 Q , , ,564.6 Q , , ,617.1 Q , , , Q , , ,661.8 Q , , ,677.4 Q , , ,749.6 Q , , , Q , , ,924.6 Q , , , , ,922.0 Q , , , , ,954.1 Q , , , , , Q , , , , ,022.4 Q , , , , ,089.3 Q , , , , ,199.1 Q , , , , ,248.4 Value Value Value Value

42 Table 27: Production Account - Transport and Communications at Constant 2006 prices - Millions of Pula Cal. Year ROAD CTO RAIL AIR POSTS & COMMUNICATION OTHER TRANSPORT TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,075.5 Value Value Value Value 2005 Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q ,

43 Table 27 Continued: Production Account - Transport and Communications at Constant 2006 prices - Millions of Pula Cal. Year ROAD CTO RAIL AIR POSTS & COMMUNICATION OTHER TRANSPORT TOTAL Value Value Value 2012 Q , ,014.0 Q , ,025.4 Q , ,038.9 Q , , Q , ,067.6 Q , ,083.7 Q , ,131.5 Q , , Q , ,166.9 Q , ,206.2 Q , ,246.2 Q , , Q , ,217.0 Q , ,251.6 Q , ,308.0 Q , ,299.0 Value Value Value Value

44 Table 28: Production Account- Finance and Businee Services at Current Prices - Millions of Pula Cal. Year BANKS INSURANCE REAL ESTATE BUSINESS SERVICES PROSPECTING OWNER OCCUPIED DWELLINGS TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,517.5 Value Value Value Value 2005 Q , ,405.4 Q , ,427.3 Q , ,518.6 Q , , Q , , , , ,648.8 Q , , , , ,649.0 Q , , , , ,734.1 Q , , , , , Q , , , , ,897.3 Q , , , , ,907.7 Q , , , , ,974.1 Q , , , , , Q , , , , ,032.1 Q , , , , ,171.4 Q , , , , ,514.3 Q4 1, , , , , , Q , , , , ,374.6 Q , , , , ,365.8 Q , , , , ,377.3 Q , , , , , Q , , , , ,703.1 Q2 1, , , , , , ,881.7 Q3 1, , , , , ,911.5 Q4 1, , , , , , Q1 1, , , , , , ,162.6 Q2 1, , , , , , ,352.9 Q3 1, , , , , , ,624.8 Q4 1, , , , , , , ,838.5

45 Table 28 Continued: Production Account- Finance and Businee Services at Current Prices - Millions of Pula Cal. Year BANKS INSURANCE REAL ESTATE BUSINESS SERVICES PROSPECTING OWNER OCCUPIED DWELLINGS TOTAL Value Value Value 2012 Q1 1, , , , , , ,790.4 Q2 1, , , , , , ,072.5 Q3 1, , , , , , , ,235.0 Q4 1, , , , , , , , Q1 1, , , , , , , ,297.0 Q2 1, , , , , , , ,377.8 Q3 1, , , , , , , ,424.3 Q4 1, , , , , , , , Q1 1, , , , , , , ,635.6 Q2 1, , , , , , , ,733.3 Q3 1, , , , , , , , ,905.2 Q4 1, , , , , , , , , Q1 1, , , , , , , , ,070.1 Q2 1, , , , , , , , ,331.0 Q3 1, , , , , , , , ,476.2 Q4 1, , , , , , , , ,640.2 Value Value Value Value

46 Table 29: Production Account- Finance and Businee Services at Constant 2006 Prices - Millions of Pula Cal. Year BANKS INSURANCE REAL ESTATE BUSINESS SERVICES PROSPECTING OWNER OCCUPIED DWELLINGS TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,843.7 Value Value Value Value 2005 Q , ,550.1 Q , ,507.9 Q , ,658.4 Q , , Q , , , , ,685.7 Q , , , , ,643.9 Q , , , , ,719.8 Q , , , , , Q , , , , ,923.3 Q , , , , ,843.8 Q , , , , ,922.4 Q , , , , , Q , , , , ,848.4 Q , , , , ,075.4 Q , , , , ,091.1 Q , , , , , Q , , , , ,135.5 Q , , , , ,093.6 Q , , , , ,016.1 Q , , , , , Q , , , , ,252.4 Q , , , , ,368.4 Q , , , , ,303.4 Q , , , , , Q , , , , ,478.9 Q , , , , ,465.1 Q , , , , ,479.2 Q4 1, , , , , ,674.8

47 Table 29 Continued: Production Account- Finance and Businee Services at Constant 2006 Prices - Millions of Pula Cal. Year BANKS INSURANCE REAL ESTATE BUSINESS SERVICES PROSPECTING OWNER OCCUPIED DWELLINGS TOTAL Value Value Value 2012 Q , , , , ,647.2 Q , , , , , ,688.9 Q , , , , , ,811.3 Q , , , , , , Q , , , , , ,041.0 Q , , , , , ,946.7 Q , , , , , ,952.6 Q , , , , , , Q , , , , , ,012.0 Q , , , , , ,021.7 Q , , , , , ,119.2 Q , , , , , , Q1 1, , , , , , ,108.8 Q2 1, , , , , , ,150.4 Q3 1, , , , , , ,252.7 Q4 1, , , , , , ,331.8 Value Value Value Value

48 Table 30: Production Account- General Government at Current Prices - Millions of Pula Cal. Year CENTRAL GORVERNMENT LOCAL GOVERNMENT TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q1 2, , , , , ,615.8 Q2 1, , , ,693.5 Q3 2, , , ,852.6 Q4 2, , , , Q1 2, , , , ,723.6 Q2 2, , , ,001.7 Q3 2, , , ,028.3 Q4 2, , , , Q1 2, , , , , ,021.5 Q2 2, , , ,251.5 Q3 2, , , ,299.5 Q4 2, , , , Q1 3, , , , , ,326.4 Q2 3, , , ,782.2 Q3 3, , , , , ,864.1 Q4 3, , , , , , Q1 4, , , , , ,881.6 Q2 3, , , , , ,093.0 Q3 3, , , , , ,156.2 Q4 3, , , , , , Q1 3, , , , , ,136.9 Q2 4, , , , , ,179.0 Q3 3, , , , , ,338.1 Q4 4, , , , , Q1 5, , , , , ,021.0 Q2 5, , , , , ,725.1 Q3 5, , , , , ,677.8 Q4 6, , , , , ,353.7 Table 30 Continued: Production Account- General Government at Current Prices - Millions of Pula Cal. Year CENTRAL GORVERNMENT LOCAL GOVERNMENT TOTAL Value Value Value 2012 Q1 5, , , , , ,681.4 Q2 5, , , , , ,145.2 Q3 5, , , , , ,268.4 Q4 5, , , , Q1 5, , , , , ,980.5 Q2 5, , , , , ,345.8 Q3 5, , , , , ,422.6 Q4 5, , , , , , Q1 6, , , , , ,723.5 Q2 6, , , , , ,881.4 Q3 7, , , , , ,055.2 Q4 6, , , , , , Q1 6, , , , , ,347.6 Q2 6, , , , , ,537.8 Q3 7, , , , , ,785.7 Q4 7, , , , , , ,819.9

49 Table 31: Production Account- General Government at Constant 2006 Prices - Millions of Pula Cal. Year CENTRAL GORVERNMENT LOCAL GOVERNMENT TOTAL Value Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q1 3, , , , , ,878.8 Q2 2, , , ,936.1 Q3 2, , , ,020.4 Q4 2, , , , Q1 2, , , , ,790.2 Q2 2, , , ,024.1 Q3 2, , , ,997.8 Q4 2, , , , Q1 2, , , , ,966.2 Q2 2, , , ,132.9 Q3 2, , , ,094.2 Q4 2, , , , Q1 2, , , , , ,840.6 Q2 2, , , ,141.6 Q3 2, , , ,142.1 Q4 2, , , , , Q1 3, , , , , ,061.2 Q2 2, , , ,158.3 Q3 2, , , ,149.1 Q4 2, , , , Q1 2, , , , , ,218.9 Q2 2, , , , , ,253.0 Q3 2, , , ,327.5 Q4 2, , , , Q1 3, , , , , ,211.0 Q2 2, , , ,400.2 Q3 3, , , , , ,377.7 Q4 3, , , , , ,734.1 Table 31 Continued: Production Account- General Government at Constant 2006 Prices - Millions of Pula Cal. Year CENTRAL GORVERNMENT LOCAL GOVERNMENT TOTAL Value Value Value 2012 Q1 3, , , , , ,514.7 Q2 3, , , , ,391.9 Q3 3, , , , , ,363.8 Q4 3, , , , , , Q1 3, , , , , ,743.4 Q2 3, , , , , ,557.5 Q3 3, , , , , ,517.5 Q4 3, , , , , , Q1 3, , , , , ,668.3 Q2 3, , , , , ,852.6 Q3 3, , , , , ,842.9 Q4 3, , , , , , Q1 3, , , , , ,865.8 Q2 3, , , , , ,869.3 Q3 3, , , , , ,901.1 Q4 3, , , , , ,806.2

50 Table 32: Production account- Social and Personal Services at Current Prices - Millions of Pula NON PROFIT INSTITUTIONS SERVING HOUSEHOLDS BUSINES ENTERPISES SERVING HOUSEHOLDS DOMESTIC SERVICES & TRADITIONAL DRS. TOTAL Table 32 Continued: Production account- Social and Personal Services at Current Prices - Millions of Pula NON PROFIT INSTITUTIONS SERVING HOUSEHOLDS BUSINES ENTERPISES SERVING HOUSEHOLDS DOMESTIC SERVICES & TRADITIONAL DRS. TOTAL Cal. Year Value Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q Q , Q , Q , Q , Q , Q , Q , Q , Q , Q3 1, , Q4 1, , Q1 1, , Q2 1, , Q3 1, , ,003.0 Q4 1, , , Q1 1, , ,123.8 Q2 1, , ,122.8 Q3 1, , ,191.7 Q4 1, , , Q1 1, , ,261.5 Q2 1, , ,302.7 Q3 1, , ,355.8 Q4 1, , ,322.8 Value Value Cal. Year Value Value 2011 Q1 1, , ,328.4 Q2 1, , ,441.8 Q3 1, , , ,492.5 Q4 1, , , , , Q1 1, , , ,609.6 Q2 1, , , ,687.8 Q3 1, , , ,709.6 Q4 1, , , , Q1 1, , , ,742.6 Q2 1, , , ,833.7 Q3 1, , , ,864.2 Q4 1, , , , Q1 1, , , ,982.8 Q2 1, , , ,020.5 Q3 2, , , ,053.3 Q4 2, , , , Q1 2, , , ,118.8 Q2 2, , , ,139.5 Q3 2, , , ,175.4 Q4 2, , , ,219.2 Value Value

51 Table 33: Production account- Social and Personal Services at Constant 2006 Prices - Millions of Pula NON PROFIT INSTITUTIONS SERVING HOUSEHOLDS BUSINES ENTERPISES SERVING HOUSEHOLDS DOMESTIC SERVICES & TRADITIONAL DRS. TOTAL Table 33 Continued: Production account- Social and Personal Services at Constant 2006 Prices - Millions of Pula NON PROFIT INSTITUTIONS SERVING HOUSEHOLDS BUSINES ENTERPISES SERVING HOUSEHOLDS DOMESTIC SERVICES & TRADITIONAL DRS. TOTAL Cal. Year Value , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,055.2 Value 2005 Q , Q , Q , Q , Q , Q , Q , Q , Q , Q , Q3 1, , Q4 1, , Q1 1, , Q2 1, , Q3 1, , Q4 1, , Q1 1, , ,023.9 Q2 1, , ,006.1 Q3 1, , ,040.0 Q4 1, , , Q1 1, , ,083.9 Q2 1, , ,081.3 Q3 1, , ,099.7 Q4 1, , , Q1 1, , ,130.8 Q2 1, , ,120.3 Q3 1, , ,198.3 Q4 1, , ,240.4 Value Value Cal. Year Value 2012 Q1 1, , ,243.2 Value Q2 1, , ,281.7 Q3 1, , ,323.4 Q4 1, , , Q1 1, , ,379.3 Q2 1, , ,385.7 Q3 1, , ,404.0 Q4 1, , , Q1 1, , ,434.7 Q2 1, , ,446.8 Q3 1, , , ,473.2 Q4 1, , , , Q1 1, , , ,499.7 Q2 1, , , ,506.7 Q3 1, , , ,515.8 Q4 1, , , ,533.0 Value Value

52 Table 34: Domestic Product by Type of Expenditure at Current Prices - Millions of pula Government Final Consumtion Household Final Consumption Fixed Capital Formation Change in Inventories Exports Imports Calendar year Central Govt Local Govt Total Non-Profit Institutions Household Consumption (Mkt) Household Consumption (Non- Mkt) Total Construction Machinery & Equipment Transport Equipment Mineral Prospecting Total Livestock Minerals Others Total Domestic Expenditure Goods Services Total Goods Services Total Erreors & Omissions Total GDP , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , ,343.1 Q2 1, , , , , , , , , , , ,126.7 Q3 1, , , , , , , , , , , , ,187.7 Q4 2, , , , , , , , , , , , , , Q1 1, , , , , , , , , , , , , , , , ,002.0 Q2 1, , , , , , , , , , , , , , , ,209.9 Q3 2, , , , , , , , , , , , , , , , ,215.7 Q4 2, , , , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , , , ,733.9 Q2 2, , , , , , , , , , , , , ,774.4 Q3 2, , , , , , , , , , , , , , , , , ,514.2 Q4 2, , , , , , , , , , , , , , , , , Q1 3, , , , , , , , , , , , ,484.6 Q2 3, , , , , , , , , , , , ,286.9 Q3 3, , , , , , , , , , , , ,148.9 Q4 3, , , , , , , , , , , , , , , , , Q1 3, , , , , , , , , , , , , , , ,596.0 Q2 3, , , , , , , , , , , , , , , ,731.5 Q3 3, , , , , , , , , , , , , ,471.9 Q4 3, , , , , , , , , , , , , , , Q1 3, , , , , , , , , , , , , , , , ,617.7 Q2 3, , , , , , , , , , , , , , , , ,914.9 Q3 3, , , , , , , , , , , , , , , , , , ,106.7 Q4 3, , , , , , , , , , , , , , , , , , Q1 4, , , , , , , , , , , , , , , , ,862.8 Q2 4, , , , , , , , , , , , , , , , , , ,924.5 Q3 4, , , , , , , , , , , , , , , , , , ,957.3 Q4 4, , , , , , , , , , , , , , , , , , ,235.3

53 Table 34 Continued: Domestic Product by Type of Expenditure at Current Prices - Millions of pula Government Final Consumtion Household Final Consumption Fixed Capital Formation Change in Inventories Exports Imports Calendar year Central Govt Local Govt Total Non-Profit Institutions Household Consumption (Mkt) Household Consumption (Non- Mkt) Total Construction Machinery & Equipment Transport Equipment Mineral Prospecting Total Livestock Minerals Others Total Domestic Expenditure Goods Services Total Goods Services Total Erreors & Omissions Total GDP 2012 Q1 4, , , , , , , , , , , , , , , , , ,044.1 Q2 4, , , , , , , , , , , , , , , ,726.0 Q3 4, , , , , , , , , , , , , , , , , ,541.9 Q4 4, , , , , , , , , , , , , , , , , , Q1 4, , , , , , , , , , , , , , , , , ,429.3 Q2 4, , , , , , , , , , , , , , , , ,466.0 Q3 5, , , , , , , , , , , , , , , , , , ,665.6 Q4 5, , , , , , , , , , , , , , , , Q1 5, , , , , , , , , , , , , , , ,491.5 Q2 6, , , , , , , , , , , , , , , ,703.6 Q3 6, , , , , , , , , , , , , , , , , , ,156.2 Q4 6, , , , , , , , , , , , , , , , , , Q1 6, , , , , , , , , , , , , , , , , , ,649.7 Q2 6, , , , , , , , , , , , , , , , , , , ,398.9 Q3 6, , , , , , , , , , , , , , , , , ,237.2 Q4 6, , , , , , , , , , , , , , , , , , , , ,637.6

54 Table 35: Domestic Product by Type of Expenditure at Constant Prices - Millions of pula Government Final Consumtion Household Final Consumption Fixed Capital Formation Change in Inventories Exports Imports Calendar year Central Govt Local Govt Total Non-Profit Institutions Household Consumption (Mkt) Household Consumption (Non- Mkt) Total Construction Machinery & Equipment Transport Equipment Mineral Prospecting Total Livestock Minerals Others Total Domestic Expenditure Goods Services Total Goods Services Total Erreors & Omissions Total GDP , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , , , ,839.5 Q2 1, , , , , , , , , , , , , ,019.9 Q3 2, , , , , , , , , , , , , , ,184.8 Q4 2, , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , ,405.4 Q2 2, , , , , , , , , , , , , , , ,372.3 Q3 2, , , , , , , , , , , , , , , , ,353.1 Q4 2, , , , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , , ,335.1 Q2 2, , , , , , , , , , , , , , ,088.0 Q3 2, , , , , , , , , , , , , , ,317.6 Q4 2, , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , , , , , ,397.8 Q2 2, , , , , , , , , , , , , , , ,065.3 Q3 2, , , , , , , , , , , , , , ,607.6 Q4 2, , , , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , , ,843.7 Q2 2, , , , , , , , , , , , , , , ,811.5 Q3 2, , , , , , , , , , , , , ,782.8 Q4 2, , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , ,504.1 Q2 2, , , , , , , , , , , , , , ,642.5 Q3 2, , , , , , , , , , , , , ,598.1 Q4 2, , , , , , , , , , , , , , , , , , Q1 2, , , , , , , , , , , , , ,489.7 Q2 2, , , , , , , , , , , , , , , ,986.8 Q3 2, , , , , , , , , , , , , ,917.8 Q4 2, , , , , , , , , , , , , ,899.0

55 Table 35 Continued: Domestic Product by Type of Expenditure at Constant Prices - Millions of pula Government Final Consumtion Household Final Consumption Fixed Capital Formation Change in Inventories Exports Imports Calendar year Central Govt Local Govt Total Non-Profit Institutions Household Consumption (Mkt) Household Consumption (Non- Mkt) Total Construction Machinery & Equipment Transport Equipment Mineral Prospecting Total Livestock Minerals Others Total Domestic Expenditure Goods Services Total Goods Services Total Erreors & Omissions Total GDP 2012 Q1 2, , , , , , , , , , , , , , , ,685.5 Q2 2, , , , , , , , , , , , , , ,582.4 Q3 3, , , , , , , , , , , , , , , ,440.3 Q4 3, , , , , , , , , , , , , , Q1 3, , , , , , , , , , , , , , , , ,507.7 Q2 3, , , , , , , , , , , , , , ,931.6 Q3 3, , , , , , , , , , , , , , ,917.2 Q4 3, , , , , , , , , , , , , , , , Q1 3, , , , , , , , , , , , , , ,190.0 Q2 3, , , , , , , , , , , , , , ,887.1 Q3 3, , , , , , , , , , , , , , ,178.7 Q4 3, , , , , , , , , , , , , , , Q1 3, , , , , , , , , , , , , , , ,772.9 Q2 4, , , , , , , , , , , , , , ,817.8 Q3 3, , , , , , , , , , , , , , , ,971.3 Q4 4, , , , , , , , , , , , , , , , ,518.9

56 110. Table 36. Compensation of Employees by Industry at Current Prices - Millions of pula Economic Activities Agriculture Mining 1, , , , , , , , , , ,478.5 Manufacturing , , , , , , , , , ,726.2 Water and Electricity , , , ,160.5 Construction , , , , , , ,681.9 Trade, Hotels & Restaurants of which 1, , , , , , , , , , ,681.3 Hotels & Restaurants Transport and Communication , , , , ,292.2 Banks, Insurance & Business Services , , , , , , , , , ,541.5 General Government 5, , , , , , , , , , ,252.0 Social and Personal Services , , , , , ,764.5 T o t a l remuneration 13, , , , , , , , , , ,410.3 annual growth in % 7.6% 11.1% 9.6% 13.1% 9.8% 8.0% 10.8% 9.5% 11.2% 8.1% 0.6% Table 37: Domestic Product by Type of Income (Current Prices) - Millions of pula Compensation of employees 13, , , , , , , , , , ,410.3 Oper. surplus/ mix income * of which 32, , , , , , , , , , ,385.5 Consumption of fixed capital 8, , , , , , , , , , ,803.5 Total Value at basic prices 45, , , , , , , , , , ,795.8 Taxes on imports & products 5, , , , , , , , , , ,746.7 less Subsidies GDP at current market prices 50, , , , , , , , , , ,923.5 Percentage of Total Compensation of employees Oper. surplus/ mix income Consumption of fixed capital Total Value at basic prices Taxes on imports/ product less Subsidies * Residual Table 38: RELATIONS AMONG GDP, GNI, GNDI, SAVINGS AND NET LENDING/BORROWING AT CURRENT PRICES (P million) PRIMARY DISTRIBUTION OF INCOME ACCOUNT GDP at current market prices 50, , , , , , , , , , , Compensation of employees, Net (1) Investment/ Property income, Net (1,2) -3, , , , , , , , ,807.0 = National Income (GNI) 46, , , , , , , , , , ,910.5 SECONDARY DISTRIBUTION OF INCOME ACCOUNT National Income (GNI) 46, , , , , , , , , , , Current transfers from abroad, Net (1, 3) 1, , , , , , , ,260.0 = National Disposable Income (GNDI) 47, , , , , , , , , , ,170.5 USE OF INCOME ACCOUNT National Disposable Income (GNDI) 47, , , , , , , , , , , Final consumption expenditure (4) 29, , , , , , , , , , ,065.9 = Savings of the Nation, (*) 18, , , , , , , , , , ,104.6 CAPITAL ACCOUNT Savings of the Nation, (*) 18, , , , , , , , , , , Capital Transfers, Net (1, 5) Capital Formation 13, , , , , , , , , , , Disposal of non produced assets, Net = Net lending (+)/Borrowing (-) of the Nation (*) 4, , , , , , , , , , ,250.8 Less: Consumption of fixed capital 8, , , , , , , , , , ,800.1 = Net National Income (NNI) 38, , , , , , , , , , ,110.4 = Net Natioanl Disposable Income (NNDI) 39, , , , , , , , , , ,370.4 = Savings of the Nation, Net 10, , , , , , , , , , ,304.6 Estimated defacto population (6) 1, , , , , , , , , , ,185.9 PER CAPITA RATIOS IN PULA GDP at current market prices 28, , , , , , , , , , ,756.7 GNI 25, , , , , , , , , , ,378.3 GNDI 26, , , , , , , , , , ,816.9 NNI 21, , , , , , , , , , ,743.9 NNDI 21, , , , , , , , , , ,182.5 REMARKS: 1) From abroad, net : Source - Bank of Botswana (Balance of Payments) 2) Interests, Dividends, Royalties, Withdrawals and rent paid in respect of the use of land. 3) Includes SACU reciepts 4) Government Final Consumption plus Household Final Consumption 5) Mainly comprises transfer of migrants assets 6) Adjusted Population ( 000) GDP - Domestic Product (*) Balancing items.

57 Table 39: Fixed Capital Formation - Total Economy By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings 1, , , , , , , , , ,420.4 Non-residential buildings 4, , , , , , , , , , ,556.0 Construction Works 2, , , , , , , , , , ,001.2 Transport and equipment , , , , , , , , , ,532.9 Machinery and equipment 3, , , , , , , , , , ,132.9 Fixed Captal Formation 12, , , , , , , , , , ,643.4 Livestock ,486 Minerals , , , , , ,825.6 Other , , , , , , , ,099 Changes in Inventories , , , , , , , , ,787.6 GROSS CAPITAL FORMATION (GCF) 13, , , , , , , , , , ,855.8 Domestic Product (GDP) 50, , , , , , , , , , ,932.3 Ratio GCF to GDP % Table 40: Fixed Capital Formation - Total Economy By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings 1, , , , Non-residential buildings Construction Works 3, , , , , , , , , , ,072.1 Transport and equipment , , , , , , , , , ,059.7 Machinery and equipment 4, , , , , , , , , , ,178.0 Fixed Captal Formation 14, , , , , , , , , , ,556.4 Table 41: Capital Stock: Total Economy by Type of Assets at Current Prices - Millions of pula TYPE OF ASSETS Residential buildings 11, , , , , , , , , , ,870.6 Non-residential buildings 31, , , , , , , , , , ,106.8 Construction Works 14, , , , , , , , , , ,262.3 Transport and equipment 2, , , , , , , , , , ,845.7 Machinery and equipment 16, , , , , , , , , , ,163.6 Total 75, , , , , , , , , , ,248.9 Table 42: Capital Stock: Total Economy by Type of Assets at Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings 12, , , , , , , , , , ,733.6 Non-residential buildings 34, , , , , , , , , , ,954.9 Construction Works 15, , , , , , , , , , ,772.9 Transport and equipment 2, , , , , , , , , , ,191.6 Machinery and equipment 18, , , , , , , , , , ,525.5 Total 83, , , , , , , , , , ,178.6 Table 43 : Consumption of Fixed Capital: Total Economy by Type of Assets - Millions of pula TYPE OF ASSETS Residential buildings 1, , , , , , , , , , ,080.2 Non-residential buildings 1, , , , , , , , , , ,710.1 Construction Works 1, , , , , , , , , , ,044.5 Transport and equipment , , , , , , , , ,996.7 Machinery and equipment 3, , , , , , , , , , ,968.5 Total 8, , , , , , , , , , , % 18.3% 19.3% 23.5% 11.5% 9.7% 11.5% 13.8% 13.9% 16.5% -0.5% Livestock Minerals , , , ,666 Other 1, , , , , , , , , ,116.7 Changes in Inventories , , , , , , , ,247 GROSS CAPITAL FORMATION (GCF) 15, , , , , , , , , , ,803.7

58 Table 44: DIAMOND MINING: Fixed Capital Formation By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment , , , , , , ,928.1 Fixed Captal Formation , , , , , , , ,453.5 Table 48: COPPER/NICKEL: Fixed Capital Formation By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment 1, , , , Fixed Captal Formation 1, , , , Table 45: DIAMOND MINING: Fixed Capital Formation By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment , , , , , ,285.4 Fixed Captal Formation , , , , , ,608.0 Table 49: COPPER/NICKEL: Fixed Capital Formation By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment 1, , , , Fixed Captal Formation 1, , , , Table 46: DIAMOND MINING: Capital Stock By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works ,034.6 Transport and equipment Machinery and equipment 2, , , , , , , , , , ,543.4 Capital Stock 3, , , , , , , , , , ,146.8 Table 50: COPPER/NICKEL: Capital Stock By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment 1, , , , , , , , , , ,121.8 Capital Stock 2, , , , , , , , , , ,177.7 Table 47: DIAMOND MINING: Capital Stock By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment 2, , , , , , , , , , ,695.6 Capital Stock 3, , , , , , , , , , ,244.5 Table 51: COPPER/NICKEL: Capital Stock By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment 2, , , , , , , , , , ,081.2 Capital Stock 2, , , , , , , , , , ,246.4

59 Table 52: OTHER MININGS: Fixed Capital Formation By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment Fixed Captal Formation Table 56: WATER & ELECTRICITY: Fixed Capital Formation By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works , , Transport and equipment Machinery and equipment , , , Fixed Captal Formation , , , , , , ,258.0 Table 53: OTHER MININGS: Fixed Capital Formation By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment Fixed Captal Formation Table 57: WATER & ELECTRICITY: Fixed Capital Formation By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works , Transport and equipment Machinery and equipment , , Fixed Captal Formation , , , , Table 54: OTHER MININGS: Capital Stock By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment , , , , ,239.4 Capital Stock , , , , ,377.7 Table 58: WATER & ELECTRICITY: Capital Stock By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works 1, , , , , , , , , , ,704.1 Transport and equipment Machinery and equipment 1, , , , , , , , , , ,826.5 Capital Stock 2, , , , , , , , , , ,262.7 Table 55: OTHER MININGS: Capital Stock By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works Transport and equipment Machinery and equipment , , , , ,007.7 Capital Stock , , , , ,092.0 Table 59: WATER & ELECTRICITY: Capital Stock By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings Construction Works 1, , , , , , , , , , ,889.5 Transport and equipment Machinery and equipment 1, , , , , , , , , , ,111.0 Capital Stock 2, , , , , , , , , , ,410.8

60 Table 60: GENERAL GOVERNMENT: Fixed Capital Formation By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings , , ,152.3 Non-residential buildings 1, , , , , , , , , , ,207.4 Construction Works 1, , , , , , , , , , ,354.8 Transport and equipment 1, , , , , , , , , , ,620.5 Machinery and equipment 1, , , , , , , , , , ,077.4 Fixed Captal Formation 5, , , , , , , , , , ,412.3 Table 61: GENERAL GOVERNMENT: Fixed Capital Formation By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings Non-residential buildings 1, , , , , , , , , , ,291.6 Construction Works 1, , , , , , , , , , ,060.7 Transport and equipment 1, , , , , , , , , , ,314.9 Machinery and equipment 1, , , , , , , , , , ,413.6 Fixed Captal Formation 5, , , , , , , , , , ,708.5 Table 62: GENERAL GOVERNMENT: Capital Stock By Type Of Asset At Current Prices - Millions of pula TYPE OF ASSETS Residential buildings 3, , , , , , , , , , ,820.3 Non-residential buildings 17, , , , , , , , , , ,052.2 Construction Works 6, , , , , , , , , , ,453.7 Transport and equipment 2, , , , , , , , , , ,460.6 Machinery and equipment 5, , , , , , , , , , ,175.6 Capital Stock 35, , , , , , , , , , ,962.3 Table 64:Public and Private Fixed Capital Formation at Current Prices - Millions of pula SECTORS PUBLIC 5, , , , , , , , , , ,382.9 PRIVATE 7, , , , , , , , , , ,996.6 Total 12, , , , , , , , , , ,379.5 Table 65: Public and Private Fixed Capital Formation at Constant Prices - Millions of pula SECTORS PUBLIC 6, , , , , , , , , , ,306.2 PRIVATE 8, , , , , , , , , , ,250.2 Total 14, , , , , , , , , , ,556.4 Table 66: Public and Private Capital Stock at Current Prices - Millions of pula SECTORS PUBLIC 39, , , , , , , , , , ,924.4 PRIVATE 35, , , , , , , , , , ,304.9 Total 75, , , , , , , , , , ,229.3 Table 67 : Public and Private Capital Stock at Constant Prices - Millions of pula SECTORS PUBLIC 43, , , , , , , , , , ,063.7 PRIVATE 40, , , , , , , , , , ,112.5 Total 83, , , , , , , , , , ,176.2 Table 63: GENERAL GOVERNMENT: Capital Stock By Type Of Asset At Constant Prices - Millions of pula TYPE OF ASSETS Residential buildings 3, , , , , , , , , , ,804.2 Non-residential buildings 19, , , , , , , , , , ,172.7 Construction Works 7, , , , , , , , , , ,335.2 Transport and equipment 2, , , , , , , , , , ,464.2 Machinery and equipment 5, , , , , , , , , , ,898.8 Capital Stock 38, , , , , , , , , , ,675.1

61 Methodology, Concepts and Definitions 5.1. Concepts and Definitions The following are the main concepts and definitions used in the national accounts of Botswana. Every effort was made to follow these concepts as defined. It is worth noting that some modifications were at times necessary depending on the availability of data Domestic Product (GDP) This is total market value of all goods and services produced within a country, less the cost of goods and services used during the production process (i.e. Value of all resident producers). It can also be measured by summing incomes accruing from production, which is compensation of employees, consumption of fixed capital, operating surplus and taxes on products less subsidies. The GDP is measured in a third way by summing all the economy s final expenditure on goods and services. These are private final consumption, government final consumption, gross fixed capital formation, changes in inventories and net exports of goods and services, i.e. exports less imports. GDP is considered the most important of the national accounts aggregates. Mostly, the gross domestic product is expressed at market prices in the national accounts tables. However, sometimes the reader might come across the expression GDP at basic prices. This is GDP at market prices less net taxes on products Real Income In the present SNA, the only general aggregate in real terms is the Domestic Product (GDP). The GDP at constant prices provides an unambiguous product measure in real terms. Sometimes, this indicator does not give the real effect of a number of income flows, which have a significant impact on the economy. The most important of these is the terms-of-trade. Another important concept in the national accounts is the net factor income from the rest of the world, which enables the determination of the National Product (Income). Without any international guidelines on the appropriate method to apply, practice differs to some extent from country to country depending on which aggregate the terms-of-trade (i.e. the ratio of exports to import price indices) is projected. In this report, international transaction such as exports, imports, and net factor income from abroad, have been deflated by the import price deflator The gross output (gross value of production) of a production sector in the accounting period is the value of all goods and services produced and sold by the sector in that period, adjusted for changes in stock of finished goods and work in progress. In the trade sector e.g. wholesalers and retailers, the gross value of production is the gross trade margins (i.e. sale of goods purchased for resale minus cost of goods for resale). The gross output of the General Government is set equal to the cost of the production including consumption of fixed capital. Cost of production entails labour compensation and other expenditures but not capital expenses. In the case of financial institutions, gross output is equal to the sum of actual output and imputed service charge. The imputed service charge is equal to the difference between interest received and interest paid. For insurance enterprises, the output of casualty insurance is equal to the difference between the premiums received and claims, while for life insurance it is the excess of premiums received over claims and net additions to actuarial reserves less interest paid on these reserves Intermediate Consumption The intermediate consumption of industries is the value of raw materials and other goods and services used up in production process. This includes repairs and maintenance of capital stock and indirect expenditure on financing capital formation and transfer costs involved in purchases and sales of land, intangible assets and financial claims. The raw materials, other goods and services etc. are commodities and are non- durable goods. The commodities should be valued at purchasers values (i.e. at the cost of the items in the market to the point of delivery to consuming establishment at the moment the items enter into production of the unit). Such a principle of pricing ensures that charges for intermediate consumption will be equivalent to the cost of replacing the commodities at the time these items are actually consumed Value The value added of a production sector (in an accounting period) is equal to the gross output minus intermediate consumption. The sum of all the production sectors value added is defined as Domestic Product (GDP) National Product (Income) This is equal to GDP at market prices plus net compensation of employees from abroad and net entrepreneurial and property income from abroad Fixed Capital Formation (GFCF) Fixed Capital formation of a production sector is the outlays or additions of new durable goods to the stocks of fixed assets less net sales of similar second-hand and scrapped goods Durable Goods Durable goods are goods with an expected lifetime of one year or more Capital Formation (GCF) Capital Formation is the sum of GFCF and changes in inventories Consumption of Fixed Capital (Depreciation) Consumption of fixed capital is the reduction in value of fixed assets due to wear and tear, foreseen obsolescence and the normal rate of accident damage Compensation of employees Compensation of employees consists of all payments in cash and in kind, by producers to employees. It includes: a) Wages and salaries in cash and in kind b) Employers contributions to employees social security schemes, pensions, life insurance and any other social contributions Operating Surplus In the accounts, operating surplus is calculated as a residual, which is equal to gross output less the sum of intermediate consumption, compensation of employees, consumption of fixed capital and taxes on products less subsides.

62 Methodology Approaches Used Value added is estimated through the production approach for almost all industries. This approach looks at the way output is produced. It measures the contribution to output made by each producer by deducting from total value of its output the values of goods and services it has purchased from other producers and used up in producing its output. Value added also can be estimated through the income approach. This approach has been used to estimate some subgroups of private services and for producers of Government services. This approach considers the costs incurred, by producers within its operations like payments of employees, indirect taxes less subsidies received, consumption of fixed capital and the operating surplus. GDP can also be estimated by the expenditure approach. This approach looks at the final use of the country s output for private consumption, government consumption, gross capital formation and net exports. In other words, it shows what becomes of output once it has been produced. In principle, wherever possible the use of more than one approach is desirable, not only because of the analytical usefulness of the figures but also as a check on reasonableness of the estimates. Government is defined as all units performing the usual functions of Government - that is, the implementation of public policy through the provision of primarily non-marketed services and the transfer of income, supported by compulsory levies on other services. Central Government covers all units that are instruments of a country s central authority, whose jurisdiction extends to all parts of the country. Government owned enterprises and establishments (Government industries) are excluded from Government on the production side and included in the respective industrial sectors. Local Government consists of governmental units, which exercise an independent function in the various towns, cities and district councils. The term General Government therefore includes the activities of both central and local government Valuation of Services by Banks and Other Financial Intermediaries To obtain a fair valuation of the services performed by banks and other financial intermediaries, these institutions were deemed to have performed services and to have received income on their production account above service charges, ledger fees, etc. This extra income for banks is set equal to the difference between interest received and interest paid. For casualty insurance companies, it is the difference between the premiums received and the claims paid. As for life insurance, it is the excess of premiums over the sum of the claims paid and the net additions to the actuarial reserves Estimation of Consumption of Fixed Capital (CFC) The national accounts estimate of consumption of fixed capital is presently determined as a by-product of the perpetual inventory method (PIM) on a reducing balance technique. In this case consumption of fixed capital at constant prices is based on long time series for gross fixed capital formation at constant prices and estimates of average lifetime by kind of asset. Average lifetime expresses the number of years an asset is expected to be used for production purposes. The fixed capital consumption figures at constant prices are converted to current prices by using the price indices for the acquisition of fixed capital according to sector and kind of asset. Thus the consumption of fixed capital in the National Accounts might deviate considerably from the recorded depreciation in business accounts Estimation of Financial Intermediation Services Indirectly Measured (FISIM) The method for calculating Financial Intermediation Services Indirectly Measured, widely known as FISIM, has been refined in the light of experience in implementing the 1993 SNA recommendations. By convention the 2008 SNA recommends that FISIM applies only to loans and deposits and only when those loans and deposits are provided by, or deposited with financial institutions. The 2008 SNA recommends that the consumption of FISIM should be allocated between users (lenders as well as borrowers) treating the allocated amounts either as intermediate consumption by enterprises or as final consumption. The 1993 SNA calculated FISIM as the difference between property income receivable and interest payable. The property income receivable excluded that part which was receivable from investment of own funds. The 1993 SNA recognized that in practice it may be difficult to find any method of allocating FISIM among different users and, therefore, accepted that some countries may prefer to continue to use the convention whereby the whole of the services are allocated to intermediate consumption of the notional industry. This possibility has been removed in the 2008 SNA Property Incomes: The terms governing these payments are usually specified in the financial instrument created when the funds are transferred from the creditor to the debtor or in the contract or lease signed when the right, say to exploit sub-soils is transferred from tenant or lessee. Such arrangements are made only for a limited time, after which the funds are repaid and the right revert to the owner. The period may be several months or several years and such arrangements can be renewable. In the present case, property incomes include interests, dividends, withdrawals, royalties, retained earnings and rent of land Capital stock and depreciation It is generally accepted that the level of gross fixed capital formation, and hence the growth in fixed capital stock, has a material influence on an economy s labour productivity, business competitiveness and ultimately the rate of increase in the standard of living. Estimates of capital formation and the stock of physical capital are therefore key indicators for assessing macro-economic performance. An estimate of the capital stock refers to a value that is attached to the total physical capital in existence at a specific point in time in an economy. In addition, the estimates of the value of capital stock reflect the actual physical capacity available for repeated use in the production of other goods and services. In practice, it is usually calculated as gross or net capital stock in real terms and the perpetual inventory method (PIM) is one of the methods frequently used to produce estimates of the stock of tangible reproducible assets. According to the guidelines of the 2008 System of National Accounts (2008 SNA), the capital account records the values of non-financial assets and distinguishes between the following five classifications: fixed capital formation; Consumption of fixed capital; Changes in inventories; Acquisitions less disposals of valuables; and Acquisitions less disposals of non-produced, non-financial assets (e.g. mineral deposits). fixed capital formation, comprises the value of acquisitions less disposals of new or existing fixed assets. Fixed assets consist of tangible and intangible sets produced as outputs from production processes and used repeatedly or continuously in other production processes over a period of more than one year. However, in the calculation of the fixed capital stock for the Botswana economy a narrow definition of fixed assets is used, mainly due to the fact that time series for gross fixed capital formation data are not available by type of economic activity and/or by type of asset, except for the economy as a whole. The stock of capital is defined as consisting of durable and reproducible tangible assets. It excludes tangible assets such as land and sub-soil mineral deposits as these kinds of assets are not producible. Other kinds of fixed assets, such as computer software, are also excluded because they are intangible. In addition, the transactions in existing assets between sectors are not taken into account in the current national accounts estimates of gross capital formation and the calculation of fixed capital stock. The value of transactions in existing assets is relatively small in relation to total gross domestic fixed investment and should therefore not affect the reliability and usefulness of the estimates of the capital stock unduly. The practical application of the PIM implies that the first step is to convert gross fixed capital formation at current prices to constant prices using the most appropriate asset price indices available. The entire PIM is applied using constant price data to obtain consumption of fixed capital formation and the net and gross stocks in constant prices. However, in the final phase of the PIM model price indices are again applied to inflate the estimates to current prices.

63 As already indicated, the PIM is normally used in the calculation of fixed capital stock. The traditional PIM used for estimating the gross capital stock consists of an accumulation of past flows of gross fixed capital expenditure, after the deduction of the estimated value of retirements from the stock, but before taking the deduction of any allowances for the consumption of fixed capital into account. Estimates of net capital stock are obtained indirectly by applying a capital consumption function based on the expected economic lives of the various assets. Consumption of fixed capital may be defined as that part of the gross domestic product which is required to replace fixed capital used up in the production process during an accounting period. It is based on the concept of the expected economic lifetime of an asset and is designed to cover the loss in value due to normal wear and tear, expected obsolescence, and the normal amount of irreparable accidental damage. Unforeseen obsolescence is treated as a capital loss rather than as consumption of fixed capital. Another important requirement for the implementation of the PIM is a set of service lives for the narrowly-defined asset groups that are used in different sectors and kinds of economic activity. The mean asset lives are the most important of the assumptions used in the PIM together with asset life distributions, they determine when assets are retired from the gross capital stock, the rate of depreciation charged and hence the net stock. In addition, this set of service lives should be updated regularly to reflect any structural or cyclical changes in the lengths of time that assets remain in the stock. In practice, however, the statistical resources and information actually available falls short of this ideal. Experience also shows that service life estimates are generally available only for broad asset categories, there is limited information available on differences in lives of asset groups between sectors and kind of activity and service lives are updated at rare intervals in most countries. In the case of the Botswana economy and for the purpose of this exercise, the average economic life times that were previously used in the calculation of capital stock data for Botswana i.e. 20 years for residential buildings, 30 years for non-residential buildings, 15 years for construction works, 10 years for machinery and equipment and 7 years for transport equipment were retained and used in the PIM calculations. In general, this implies fairly long time series for gross fixed capital formation of the respective asset types to effectively implement the capital stock calculations. Price indexes are used to convert all expenditure and costs of capital goods that occur in different periods to a similar monetary unit so that they can be aggregated and to ascertain a time independent level of real purchasing power forgone. In the PIM, this is achieved by deflating current price gross and net capital stock at the beginning of the period, and current period GFCF to constant prices before determining retirements and depreciation. Estimates of capital stock and consumption of fixed capital at current replacement value are obtained by reflating the constant price estimates to current price values. The price indices used to reflate the constant price estimates are the same as those initially employed to deflate GFCF. A refinement for future development on the price indices used in the exercise presented could be an adjustment to an end year price index basis by averaging the price indices for year t and year t+1. Subsequently, the resulting series at current and constant prices are aggregated to a level appropriate for the national accounts of Botswana. The following outlay reflects the structure and provides an example of the calculations used in the compilation of capital stock and depreciation data for the national accounts of Botswana: Capital stock 1.1 Initial value 1.2 Rest of the series Depreciation KVt = KVt-1 + NI NI = Net investment WV = Depreciation n = Depreciation period I = fixed capital formation t = Period Along with several data limitation issues facing the national accounts of Botswana to compile capital stock data as already mentioned, one of the main technical hitches was the lack of appropriate price indices to deflate gross fixed capital formation of the respective type of assets used in the model. The only reliable price index compiled by Statistics Botswana, namely, the consumer price index would not be appropriate for the deflation of gross fixed investment in residential buildings, non-residential buildings, construction work, transport equipment, and machinery and equipment. Consequently, the price indices of the South African economy for the respective asset types were used. These indices were obtain from data published in the Quarterly Bulletin of the South African Reserve Bank for gross fixed capital formation by type of asset at current and constant prices. In addition, the framework provides detail of the time series for the five types of assets at current and constant prices, derived deflators for the respective asset classes and the conversion of the indices from the 2005 base year which is the current base period used in South Africa to the 2006 base year as applicable for Botswana Constant price figures The accounts in this report are at 2006 price. The double deflation method is adopted, so that for each sector we compute one deflator for production and another for the intermediate consumption separately, and derive the value added at constant prices as the difference between the two. Deflation of intermediate consumption has been done at the commodity level. The breakdown of each commodity is determined from the results of the Economic survey. Consumer price indices are used to derive constant estimates. Appropriate price indices from South Africa were also used to deflate capital formation. The technique of double deflation is used because for several sectors of the economy, the trend in output prices has developed quite differently from that of input prices. Reasons for adopting the method are firstly, because some of the sectors produce commodities whose prices are determined in the world market and therefore have no bearing on costs in Botswana. Again, for sectors that are not export oriented one finds that they produce only one commodity that does not depend on input price movements. The different categories of end use, including household final consumption expenditure, are deflated separately. The constant price estimate is obtained by deflating current figure by the national cost-of-living index. The procedure results in a discrepancy between GDP as the sum of each sector s value added at constant prices, and that obtained by summing all final uses less net imports. The first method (Production Approach) give the GDP at constant prices and the GDP by expenditure is adjusted by this discrepancy called errors and omissions in the tables. KV = Capital stock n = Depreciation period I = fixed capital formation t = Period

64 Statistical sources 6.1 Data sources The following are some of the statistical sources used to compile the National Accounts Statistics of Botswana: Annual Economic Survey Quarterly Economic Survey Administrative data Agriculture Statistics Government Accounts (Central and local) External Trade Statistics Balance of Payments Statistics Household Income and Expenditure Survey Price Statistics Employment Statistics Transport Statistics. Mine Statistics. Population Projections 6.2 Sources of price data Statistics Botswana collects price data for the cost-of-living index and it is used to deflate most of the industries in National accounts. Consumer Price Index measures the change overtime in the cost of a fixed basket of commodities and services. However, some price indices are taken from South Africa price statistics. This is justified on the assumption that most prices in Botswana change approximately in the same pattern as in Republic of South Africa (RSA). The consumer price index would not be appropriate for the deflation of gross fixed Capital Formation hence the use of the price indices of the South African economy for the respective asset types. 7. Reliability of data The main information utilized in the national accounts of Botswana is obtained through the Annual Economic Survey (AES). The results give the production accounts, income and outlay accounts, and capital finance accounts for commercial establishments and/or enterprises in Botswana. The AES is organized with internal validation checks so that the person editing the completed questionnaire is able to check the data for consistency. The AES does not cover informal activities. The yearly Agricultural Statistics surveys provide valuable information on crops and livestock. Crops are valued according to prices reported by Botswana Agricultural Marketing Board (BAMB) whilst livestock is valued according to prices reported by Botswana Meat Commission (BMC). Rent for Owner-Occupied dwellings is imputed based on Population changes and the price movements. The monthly/annual financial returns/statements from the Accountant General have been used to provide reliable information on Central Government transactions. The district and town council accounts were used to provide data on Local Governments transacted estimates, for national accounts purposes. The marketed part of the household final consumption is the weakest major component in the national accounts of Botswana. It is directly determined from Household Income and Expenditure Survey (HIES) and extrapolated in the years where there is no HIES. The HIES results are checked against the end use of imports, to decide whether it was reliable. This is done on the assumption that a major part of this consumption is imported. Appendix 1: International Standard Industrial Classification (Botswana ISIC Adaptation Revision 3) A: Agriculture, Hunting and Forestry 0100 Traditional or Subsistence agriculture 0110 Commercial crop farming 0121 Commercial livestock farming 0122 Commercial poultry farming 0123 Commercial wild game farming e.g. ostrich 0124 Other commercial livestock farming e.g. bees 0130 Commercial mixed farming 0140 Agricultural & Husbandry Services, e.g. Artificial Insemination, Irrigation 0150 Hunting and trapping 0200 Forestry (All) B: Fishing 0500 Fishing (All) C: Mining and Quarrying 1010 Coal Mining 1320 Copper/Nickel mining 1423 Diamond mining 1424 Soda ash and salt mining 1425 Gold Mining 1426 Quarrying and other mining D: Manufacturing (includes repair of machinery & equipment) 1510 Meat and meat products 1520 Dairy products 1530 Grain mill Products includes maize, sorghum, millet etc. human & animal Feeds 1541 Bakery products 1545 Other food products not elsewhere classified (e.g. Chocolates, Sweets) 1550 Beverages (Beer including Traditional Beer, Soft Drinks, etc.) 1600 Tobacco Products - Cigarettes, etc Textiles (exc. Clothing) includes preparation of textile fibres, natural or Synthetic material 1800 Clothing and other wearing apparel (inc. Leather) 1910 Tanning and leather products (excluding Clothing/Footwear) e.g. Handbag, Souvenirs, etc 1920 Footwear 2000 Wood and Wood Products excluding furniture but including building Materials and straw products (mats, baskets etc) 2100 Paper and Paper Products, e.g. Newsprint, tissues 2200 Printing and Publishing (including periodicals, journals etc Chemical and Chemical Products (including Soap, Paint, Fertilizers and Pesticides etc 2500 Rubber and Plastic Products (including Tyres, Retreading) 2610 Cement Manufacturing 2620 Non-Metallic mineral products excluding cement but including glass ceramic and cement products e.g. bricks, tiles, pots Basic metals, e.g. Iron Foundaries 2800 Fabricated metal products exc. machinery and equipment 2900 Machinery and equipment including refrigerators and other domestic equipment 3000 Office, accounting & computing machinery, e.g. Photocopying Machines 3100 Electrical machinery and apparatus e.g. Lightning Arresters, Voltage Limits 3200 Radio television and communication equip and apparatus 3300 Medical, precision, optical instruments, watches, clocks 3400 Motor vehicles, trailers and semi-trailers 3500 Other transport equipment, e.g. Ships & Boats, Railway Locomotives

65 Furniture (all types including of wood, also mattresses) 3691 Manufacture of Jewellery 3692 Manufacturing of other products not elsewhere classified Pens, Pencils 3700 Recycling, Processing of Metal & Non Metal Waste E: Electricity, Gas and Water Supply 4010 Electricity generation and supply (Not household/building electricians) 4020 Gas manufacture and distribution 4030 Steam/hot water supply 4100 Collection, purification, distillation of water (including village supply for sale 4200 Borehole Syndicates F: Construction 4510 Site preparation, e.g. demolition and clearing of sites 4521 Construction of Buildings and Houses - complete including repair 4522 Construction/Civil Engineering - Roads, Dams, Water Projects 4530 Building installation work - Plumbing, Electrical, Air-Conditioners 4540 Building completion work - Painting, Tiles, Carpets including repair of these 4550 Renting of construction or demolition equipment including crane hire G: Wholesale & Retail Trade (includes repair of Motor Vehicles & Personal Household Goods) 5010 Sale of motor vehicles 5020 Maintenance and repair of motor vehicles 5030 Sale of motor vehicle parts and accessories 5040 Sale, maintenance and repair of motorcycles 5050 Sale of automotive fuel/petroleum products (filling stations) 5100 Wholesale and commission trade (excluding. cattle dealers) 5151 Cattle Dealers 5210 Non-specialized retail trade e.g. General Department. Stores 5221 Retail stores specializing in food, beverages and tobacco excluding bottle Stores 5222 Bottle Stores 5230 Retail stores specializing in goods except food, beverages and tobacco 5252 Retail trade through informal outlets: stalls, markets, hawkers, etc Repair of personal and household goods e.g. Televisions, Videos, Watches. H: Hotels and Restaurants 5510 Hotels and other short stay accommodation e.g. hostels, camp sites 5521 Restaurants, cafes and canteens 5522 Bars/Bottle Stores (& Shebeens) - mostly consumed on the premises I: Transport, Storage & Communications 6010 Rail transport 6023 Freight transport by road 6024 Passengers road transport. e.g. Buses and Taxi/ Combi Companies 6025 Taxis/Combis - Sole or small operators only 6030 Transport by pipeline 6100 Water transport 6200 Air transport 6304 Travel agents, tour operators, safari operators 6305 Cargo handling, storage, warehousing 6309 Other transport not elsewhere classified, e.g. Hand carts, Donkeys 6411 Postal services 6412 Courier activities, e.g. DHL, TNT 6420 Telecommunications J: Financial Intermediaries 6510 Banking 6590 Financial leasing and credit granting (ex banking/insurance) 6600 Insurance & pension funds 6700 Other financial activities (e.g. stock brokering) K: Real Estate, Renting and Business Activities 7000 Real estate 7110 Transport Rental e.g. Hire Car Rental 7120 Other Rental exc. Person and Household Goods, e.g. Machinery 7130 Rental of Household and Personal Goods e.g. Video Tapes 7200 Computing and related activities including data entry/processing & software consultancy organizations 7300 Research and Development 7410 Legal, accounting, bookkeeping, auditing: business/management consultancy 7421 Geological exploration and Prospecting 7422 Architectural, engineering and other technical activities e.g. surveying 7430 Advertising 7480 Security Organizations 7490 Business activities not elsewhere classified L: Public Administration 7540 Central Government Administration 7550 Local Government Administration M: Education 8010 Primary education (including pre-primary) 8021 Secondary education 8022 Technical & Vocational Education 8030 Higher education 8090 Adult and other education N: Health and Social Work 8510 Human health activities (Hospitals, etc.) 8520 Veterinary activities 8530 Social work activities (including Children s day care centre) O: Other Community, social and Personal Service Activities 9000 Sewage and refuse disposal, sanitation etc. excluding pest control 9110 Business, employer and professional organization 9120 Trade Unions 9191 Religious organizations 9192 Political Organizations 9198 Burial Societies 9199 Other membership organizations 9210 Motion picture, radio, television, other entertainment 9220 News agency activities 9231 Libraries and Archives 9232 Museums and other cultural organizations 9240 Sporting and other recreational activities 9300 these services activities (including dry cleaning, hairdressing, personal services, informal car washing, funerals)

66 P: Private Households with Employed Persons (for Household Surveys only) 9500 Private households with employed persons (Maids, Gardeners, and Security) Q: Foreign Missions, International Organizations Foreign missions: International organizations

67 132. Private Bag 0024, Gaborone. Tel: Fax: Website: