NATIONAL ACCOUNTS STATISTICS REPORT 2016 STATISTICS REPORT. Private Bag 0024 Botswana Tel: (267) 367 1300. Toll Free: 0800 600 200. Fax: (267) 395 2201. Email: info@statsbots.org.bw Website: www.statsbots.org.bw NATIONAL ACCOUNTS STATISTICS REPORT 2016 1
National Accounts Statistics Report 2016 2 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 3
Preface Published by STATISTICS BOTSWANA Private Bag 0024, Gaborone Tel: 3671300 Fax: 3952201 E-mail: info@statsbots.org.bw Website: www.statsbots.org.bw Contact: National Accounts Unit Tel: 3671300 EXT: 310/315/312/313/394/336 Printed and obtainable from Department of Printing and Publishing Services Private Bag 0081, Gaborone Tel: 3953202 Fax: 3959392 ISBN: 978-99968-2-013-7 September 2018 This report presents the 2016 estimates on national accounts statistics. The report is based on the reported returns of establishments within various sectors of the economy of 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. Apart from the commonly known indicator for economic performance being Domestic Product (GDP), the 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 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. 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 3671300. All outputs/publications are available on the website at www.statsbots.org.bw and at Statistics Botswana s Library (Head-Office, Gaborone). COPYRIGHT RESERVED Extracts may be published if Source is duly acknowledged Dr. Burton Mguni Statistician General September 2018 4 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 5
Table Of Contents TABLE OF CONTENTS 6 1. Executive Summary 9 1.1 Introduction 9 2. Annual Domestic Product 10 2.1 Revisions in this release 10 2.2. Domestic Expenditure 12 2.3 Compensation of Employees by Economic Activity (COE) 13 2.4. GDP by Income approach 13 2.5 National Income (GNI) 14 2.6 National Disposable Income (GNDI) 14 2.7 Savings (GS) 14 2.8 Consumption of Fixed Capital (CFC) 14 2.9 Capital Stock 15 3.0 Diamond Mining Fixed Capital Formation 15 3.1 Diamonds Mining Capital Stock 16 3.2 Water & Electricity Fixed Capital Formation 16 3.4 Water & Electricity Capital Stock 16 3.5 General Government Fixed Capital Formation 17 3.6 General Government Capital Stock 17 4. Quarterly Domestic Product 19 4.1 Quarterly GDP (2016) 19 4.2 Components of GDP by Type of Expenditure 20 4.2 Components of GDP by Type of Expenditure 20 5. Statistical Tables 22 6. Methodology, Concepts and Definitions 120 6.1. Concepts and Definitions 120 6.2 Methodology 122 7. Statistical sources 126 8. Reliability of data 126 Appendix 1: 127 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 90 Table 30: Production Account- General Government at Current Prices - Millions of Pula 94 Table 31: Production Account- General Government at Constant 2006 Prices - Millions of Pula 96 Table 32: Production Account- Social and Personal Services at Current Prices - Millions of Pula 98 Table 33: Production Account- Social and Personal Services at Constant 2006 Prices - Millions of Pula 100 Table 34: Quarterly Domestic Product by Type of Expenditure at Current Prices - Millions of pula 102 Table 35: Quarterly Domestic Product by Type of Expenditure at Constant 2006 Prices - Millions of pula 106 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 45: Diamond mining Fixed Capital Formation by Type of Asset at Constant Prices - Millions of pula 114 Table 46: Diamond mining Capital Stock by Type of Asset at Current Prices - Millions of pula 114 Table 47: Diamond Mining Capital Stock by Type of Asset at Constant Prices - Millions of pula 114 Table 48: Copper/Nickel Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 115 Table 49: Copper/Nickel Fixed Capital Formation by Type of Asset at Constant Prices - Millions of pula 115 Table 50: Copper/Nickel Capital Stock by Type of Asset at Current Prices - Millions of pula 115 Table 51: Copper/Nickel Capital Stock by Type of Asset at Constant Prices - Millions of pula 115 Table 52: Other Minings Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 116 Table 53: Other Minings Fixed Capital Formation by Type of Asset at Constant Prices - Millions of pula 116 Table 54: Other Mining Capital Stock by Type of Asset at Current Prices - Millions of pula 116 Table 55: Other Mining Capital Stock by Type of Asset at Constant Prices - Millions of pula 116 Table 56: Water & Electricity Fixed Capital Formation by Type of Asset at Current Prices - Millions of pula 117 Table 57: Water & Electricity Fixed Capital Formation by Type of Asset at Constant Prices - Millions of pula 117 Table 58: Water & Electricity Capital Stock by Type of Asset at Current Prices -Millions of pula 117 Table 59: Water & Electricity Capital Stock by Type of Asset at Constant Prices -Millions of pula 117 Table 60: General Government Fixed Capital Formation by Type of asset At Current Prices - Millions of pula 118 6 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 7
Table 61: General Government Fixed Capital Formation by Type of Asset at Constant Prices - Millions of pula 118 Table 62 : General Government Capital Stock by Type of Asset at Current Prices - Millions of pula 118 Table 63 : General Government Capital Stock by Type of Asset at Constant Prices - Millions of pula 118 Table 64: Public and Private Fixed Capital Formation at Current Prices - Millions of pula 119 Table 65: Public and Private Fixed Capital Formation at Constant Prices - Millions of pula 119 Table 66 : Public and Private Capital Stock at Current Prices - Millions of pula 119 Table 67: Public and Private Capital Stock at Constant Prices - Millions of pula 119 Figure 1: Value by Economic Activity at current prices 9 Figure 2: Annual percentage change in real GDP 11 Figure 3: Components of Domestic Expenditure at constant 2006 prices 12 Figure 4: Relations between Value, Compensation of employees and Operating Surplus 13 Figure 5: Relations between GNI, GNDI and Savings 15 Figure 6: 2016 Diamond mining capital stock shares at current prices (P million) 16 Figure 7: 2016 Water & Electricity sector capital stock shares at current prices (Pmillion) 17 Figure 8: 2016 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 21 1. Executive Summary Actual Domestic Product (GDP) for 2015 and 2016 reached P146, 065.8 and P170, 588.9 million respectively. This represents an annual increase of 16.4 percent in nominal terms between the two periods. During 2016, Mining and quarrying remained the major contributor to GDP by 20.6 percent followed by Trade, Hotels & Restaurants, General Government and Finance and Business services by 18.2, 14.0 and 13.7 percent respectively. The contribution of other sectors was below 10.0 percent with Water and Electricity being the lowest at 0.2 percent. Figure 1: Value by Economic Activity at current prices GDP by type of expenditure is presented in Table 5 and 6, in current and constant 2006 prices. Government final consumption in nominal prices was P31, 032.9 million in 2016. This accounted for 18.2 percent of the total GDP. Private final consumption and Fixed Capital Formation stood at P80, 723.4 and P52, 985.8 million respectively. Their contributions to GDP registered 47.3 and 31.1 percent. 1.1 Introduction This publication contains Domestic Product by economic activity and components of final demand at current and constant prices for the years of 2005 to 2016. The estimates from 2015-2016 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 1993. 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 of the internationally agreed 8 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 9
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 2016 annual national accounts estimates published in March 2017. The changes were due to the updated source data and affected the industries as indicated in the table below. Table A1: Revisions in real percentage changes Publication March 2017 Publication December 2017 Industry 2015 2016 2015 2016 Agriculture 0.3-1.0 0.3 0.5 Mining -19.6-3.7-19.6-3.5 Manufacturing 3.2 0.8 3.2 1.6 Water & Electricity 7.0 123 7.0 95.2 Transport & Communications 4.5 5.6 4.5 6.6 Finance & Business Services 4.5 3.8 4.5 3.3 General Government 3.3 2.0 3.3 2.4 Total GDP -1.7 4.3-1.7 4.3 Table A2: Key figures at constant 2006 prices (Annual Percentage Changes) 2012 2013 2014 2015 2016 Total final consumption 2.7 11.3 3.6 3.5 2.2 fixed capital formation 13.6 2.0 1.5 8.8 3.6 Exports 17.8 37.8 7.7-16.3 1.0 Imports 32.1 10.0 0.2 2.3-5.1 domestic product 4.5 11.3 4.1-1.7 4.3 GDP per Capita 2.3 9.1 2.2-3.3 2.7 Trade, Hotels & Restaurants increase in real value added of 13.5 percent is attributed to the increase realized in the downstream diamond industries, which increased by 74.1 percent compared to the 48.7 percent decline registered in 2015. During 2016, diamond prices remained relatively stable and therefore the diamond industry had not been significantly impacted by the commodity price downturn. A decrease of 3.5 percent in the real value added of the Mining sector was mainly due to Copper and Coal value added which declined by 21.2 and 9.4 percent respectively. Copper/Nickel production decreased by 22.4 percent in 2016. BCL copper mine was placed under provisional liquidation in October 2016. Coal production went down by 9.4 percent in the year under review. Diamond production increased slightly by 0.3 percent in 2016. Table A3: Annual percentage change in Real GDP by Economic Activity 2012 2013 2014 2015 2016 Agriculture -8.5 1.3-0.4 0.3 0.5 Mining -5.8 24.2 0.5-19.6-3.5 Manufacturing 3.7 6.5 0.5 3.2 1.6 Water & Electricity -27.5 67.5-55.8 7.0 95.2 Construction 14.4 4.1 3.7 4.0 4.2 Trade, Hotels & Restaurants 6.8 16.0 10.7-3.9 13.5 Transport and Communication 10.9 7.6 9.8 4.5 6.6 Business Service 9.1 8.7 2.7 4.5 3.3 General Government 2.8 6.0 4.6 3,3 2.4 Social and personal Services 10.7 8.0 4.2 3.6 3.5 Total Value 4.5 12.0 4.1-2.0 4.9 Taxes Less Subsidies 4.3 7.7 4.9 1.1 0.0 Total GDP 4.5 11.3 4.1-1.7 4.3 Figure 2: Annual percentage change in real GDP Real GDP increased by 4.3 percent in 2016 compared to the 1.7 percent decrease in 2015. The increase in real GDP was mainly attributed to Water & Electricity, Trade, Hotels & Restaurants and Transport & communications industries which recorded an increase in value added of 95.2, 13.5, and 6.6 percent respectively. (See table 4). Water and Electricity value added at constant 2006 prices for the year 2016 was P623.5 million compared to P319.4 million registered in the previous year, recording an increase of 95.2 percent. The sector recorded the highest growth but it is the lowest in terms of contributions to Domestic Product. The significant increase realized in 2016 was from Water Supply. In 2016, the water sector registered a highest growth of 57.4 percent because water consumption in kilolitres went up by 48.1 percent. The water sector showed some improvements in all the four quarters of 2016. In January 2016, Water Utilities Corporation introduced dual billing system. Consumers were charged for both portable water and waste water. Electricity recorded a negative value added of P183.1 million compared to a negative value added of P195.5 million registered in the previous year, recording an increase of 6.3 percent. The improvement in the Electricity real value added is attributed to an increase in local electricity production by 8.4 percent and a decrease of 0.7 percent in electricity imports in 2016. 10 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 11
2.2. Domestic Expenditure Real Domestic Expenditure decreased by 0.5 percent in 2016 compared to 9.3 percent increase recorded in 2015. Total final demand increased by 2.2 percent compared to 3.5 percent realised in the previous year. Fixed Capital Formation rose by 3.6 percent. In case of foreign trade, Real exports of goods and services increased by 1.0 percent in 2016 compared to a decrease of 16.3 percent recorded in 2015, while real imports declined by 5.1 percent as opposed to an increase of 2.3 percent in 2015. Table A 4: Annual percentage change in Real Domestic Expenditure 2014 2015 2016 Total final consumption expenditure 3.6 3.5 2.2 Household final consumption expenditure 0.8 3.9 2.2 Final consumption of NPISH 4.0 3.2 3.0 Government final consumption expenditure 10.8 2.5 2.2 Capital formation expenditure 1.5 8.8 3.6 Domestic expenditure 1.9 9.3-0.5 Figure 3: Components of Domestic Expenditure at constant 2006 prices Table A5: Annual percentage changes in National Accounts Aggregates 2014 2015 2016 National Income 17.0 0.7 16.8 National Disposable Income 16.5 1.3 11.8 Savings 27.6-10.7 24.5 Capital Stock 6.6 6.9 6.3 Consumption of Fixed Capital 16.5-0.5 15.0 Compensation of Employees 8.1 0.6 10.1 2.3 Compensation of Employees by Economic Activity (COE) Compensation of employees is the total remuneration payable by an enterprise to the employees 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 10.1 percent from P31, 410.3 million in 2015 to P34, 589.7 million in 2016 (See table 7). 2.4. 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 increased by 20.2 percent in 2016 (See table 8) Figure 4: Relations between Value, Compensation of employees and Operating Surplus 12 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 13
2.5 National Income (GNI) Figure 5: Relations between GNI, GNDI and Savings 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 Investment abroad minus foreign investment in Botswana. National Income increased by 16.8 percent in 2016 while Domestic Product at current prices also increased by the same percentage during the same year. In 2016, GNI was estimated at P167, 820.9 million while GDP was P170, 588.9 million (See table 9). 2.6 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 transfers inflows include SACU receipts. GNDI increased by 11.8 percent to an amount of P179, 229.9 million in 2016 (See table 9). 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 2016 gross savings of the nation increased by 24.5 percent from P54, 181.9 million realized in 2015 to P67, 473.6 million (See table 9). 2.8 Consumption of Fixed Capital (CFC) CFC is the decline, during the course of the accounting period, in the current value of the stock of fixed assets owned and used by a producer as a result of physical deterioration, normal obsolesce or normal accidental damage. In 2016, Consumption of fixed capital was P34, 258.0 million compared to P29, 800.1 million registered in 2015, recording an increase of 15.0 percent (See table 10). 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. At current prices, capital stock was estimated at P330, 071.0 million in 2016 compared to P282, 248. 9 registered in the previous year (See table 11). 3.0 Diamond Mining Fixed Capital Formation At current prices, diamond capital formation was estimated at P4, 970.2 million in 2016 compared to P5, 453.5 million registered in the previous year (See table 44). Diamond capital formation at constant prices decreased by 1.9 percent in the year under review to P3, 541.1 million from P3, 608.0 million recorded in the previous (See table 45). The decrease was mainly attributed to the decrease in capital formation of Transport & equipment and machinery & equipment by 4.9 percent and 0.6 percent respectively. 14 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 15
3.1 Diamond Mining Capital Stock Figure 7: 2016 Water & Electricity sector capital stock shares at current prices (Pmillion) Diamond capital stock at current prices was estimated at P20, 560.9 million in 2016 compared to P20, 146.8 million in 2015 (See table 46). Figure 6: 2016 Diamond mining capital stock shares at current prices (P million) At constant prices, capital stock increased by 2.0 percent in the year under review from P6, 410.8 million recorded in the previous year to P6, 536.4 million in 2016 (See table 59). 3.5 General Government Fixed Capital Formation At constant prices, Diamond capital stock increased by 8.6 percent in the year under review from P13, 244.5 million recorded in the previous year to P14, 388.1 million (See table 47). 3.2 Water & Electricity Fixed Capital Formation Water & Electricity capital formation at current prices was estimated at P1, 855.4 million in 2016 compared to P1, 258.0 million registered in the previous year (See table 56). Government capital formation in nominal terms was estimated at P17, 410.1 million in 2016 compared to P18, 382.9 million registered in the previous year (See table 60). 3.6 General Government Capital Stock Government capital stock at current prices was estimated at P128, 057.6 million in 2016 compared to P112, 889.4 million registered in 2015 (See table 62) Figure 8: 2016 General Government sector capital stock shares at current prices (Pmillion) At constant prices, capital formation increased by 51.0 percent in the year under review from P809.5 million recorded in the previous year to P1222.1 million in 2016 (See table 57). The increase was mainly due to significant increase in machinery & equipment and construction works capital formation by 60.8 percent and 37.8 percent respectively. 3.4 Water & Electricity Capital Stock At current prices, Water & Electricity capital stock was estimated at P10, 097.0 million in 2016 compared to P9, 262.7 million registered in the previous year (See table 58). 16 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 17
Table A6: GDP per capita (Pula) Year Nominal GDP per capita Real GDP per capita 1994 7,869.2 22,793.4 1995 8,800.8 23,789.8 1996 10,550.8 24,562.5 1997 11,707.1 25,958.7 1998 12,615.7 25,437.9 1999 15,627.3 27,583.6 2000 17,991.2 27,814.8 2001 19,077.2 27,229.8 2002 20,097.5 28,349.6 2003 21,311.8 29,113.9 2004 23,650.1 29,350.0 2005 28,026.8 30,121.2 2006 32,038.3 32,038.3 2007 35,727.9 34,050.1 2008 39,021.1 35,509.2 2009 37,656.1 32,186.9 2010 43,705.9 34,298.6 2011 51,844.3 35,702.1 2012 53,116.0 36,507.0 2013 59,313.9 39,846.8 2014 67,867.9 40,743.3 2015 66,821.8 39,380.8 2016 76,852.2 40,454.8 4. Quarterly Domestic Product Table A7: 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 2014-2.5 3.3 2.9 2.4-0.7 9.3 Second quarter 2014 3.3 4.6-4.5 3.4-1.8-3.5 Third quarter 2014 1.3 6.0-0.5 6.1-6.2-5.7 Fourth quarter 2014 0.6 2.7 5.0 2.8 16.3 6.3 First quarter 2015-2.4 2.8 2.2 2.1-6.1 0.5 Second quarter 2015 0.2-0.3-3.1 3.6 7.8 10.4 Third quarter 2015-3.9-5.4 1.9 6.0 4.0 22.4 Fourth quarter 2015 2.6-3.6 1.5 2.5-2.0 3.2 First quarter 2016 3.5 2.3 2.3 2.6-5.8 3.5 Second quarter 2016 1.8 3.9-4.9 0.7 11 6.6 Third quarter 2016-1.1 6.9 3.8 2.6-1.4 1.1 Fourth quarter 2016 0.2 4.3 1.9 3.0 0.3 3.5 4.1 Quarterly GDP (2016) An analysis of the contribution by various industries to total value added according to the revised quarterly data shows that there were changes over time in the relative importance of the various sectors of the economy. According to year on year growths, real GDP increased by 4.3 percent on average from the first quarter to the fourth quarter of 2016. During 2016, diamond prices have remained relatively stable. Figure 9: Nominal and Real GDP Per capita (Pula) 18 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 19
Figure 10: Real GDP growth rates (over four quarters) Figure 11: Components of Domestic Expenditure at 2006 prices 4.2 Components of GDP by Type of Expenditure Revisions to the components of gross domestic expenditure were relatively small compared to the changes made on the production side of the accounts. This was partly due to the fact that ad hoc changes have been made more regularly to some of these components. The revisions were based on the data obtained from the Government accounts and imports & exports sourced from the Bank of Botswana. On average, total final consumption increased by 2.2 percent in the year under review while Fixed Capital Formation rose by 3.7 percent. 20 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 21
5. Statistical Tables Table 1: Value added by kind of Economic Activity at Current Prices - Million of pula ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Agriculture 927.9 1,210.7 1,504.7 1,887.5 2,071.0 2,161.3 2,636.0 2,961.3 2,876.9 3,045.3 3,214.5 3,496.1 Mining 16,105.1 19,019.0 19,567.7 18,643.5 11,209.6 16,660.8 24,529.1 19,286.5 24,243.4 32,403.3 25,962.2 34,912.5 Manufacturing 2,512.0 3,123.1 4,206.6 4,278.9 4,662.3 5,548.3 6,074.2 6,523.2 7,285.1 7,740.3 8,441.7 8,860.2 Water and Electricity 714.9 785.1 751.5 654.1 317.2 411.9-58.8-621.2-123.2-581.5-219.2 395.0 Construction 2,417.8 2,838.0 3,544.1 3,726.9 4,495.0 5,056.1 6,247.3 7,464.5 7,997.9 8,689.7 9,606.6 10,574.9 Trade, Hotels & Restaurants of which 5,498.9 7,032.3 8,243.6 10,047.1 11,162.8 13,084.3 15,595.3 16,896.7 21,211.3 26,182.3 23,711.4 31,021.1 Trade excl Hotels & Restaurants 4,067.0 4,663.6 5,318.0 6,419.0 7,100.8 8,031.2 9,484.7 10,339.9 14,071.3 18,225.4 14,854.7 21,050.8 Hotels & Restaurants 1,431.9 2,368.7 2,925.6 3,628.1 4,062.0 5,053.1 6,110.6 6,556.8 7,140.1 7,956.9 8,856.7 9,970.3 Transport and communication 1,825.1 2,250.5 2,697.3 3,303.9 3,993.0 4,470.8 5,113.9 6,325.3 6,906.2 7,788.2 8,559.3 9,642.7 Banks, Insurance & Business Services 5,918.6 6,675.4 7,653.0 9,316.7 9,694.7 11,610 13,979 16,468 17,717 19,284 21,517 23,349 General Government 7,195.5 7,818.5 8,887.4 10,899.5 12,316.3 13,377.3 14,777.6 16,923.7 17,731.0 19,946.0 22,491.1 23926.84 Social and Personal Services 2,544.4 2,938.9 3,255.8 3,847.4 4,593.3 5,242.7 5,881.2 6,750.2 7,344.1 8,138.4 8,653.0 9,259.3 Total Value, Adjustments items of which: 45,660.2 53,691.6 60,311.7 66,605.5 64,515.2 77,623.1 94,774.4 98,978.1 113,189.7 132,636.4 131,938.1 155,437.8 Taxes on Imports 3,174.9 3,428.8 4,290.5 4,701.4 4,535.3 4,425.0 5,055.4 5,560.5 6,403.1 7,107.4 7,541.6 8,054.3 Taxes on products/ production 2,172.2 2,276.3 2,879.7 3,788.1 4,836.6 5,252.1 5,598.3 5,804.8 6,083.2 6,691.5 7,205.1 7,782.0 Subsdies on products/ production -255.1-289.8-329.2-374.0-424.9-432.7-448.3-472.9-517.7-566.6-619.0-685.2 Total GDP at current market prices 50,752.2 59,106.9 67,152.7 74,720.9 73,462.3 86,867.5 104,979.8 109,870.4 125,158.3 145,868.6 146,065.8 170,588.9 Total GDP excluding Mining 34,647.1 40,087.9 47,585.0 56,077.4 62,252.7 70,206.7 80,450.7 90,583.9 100,914.9 113,465.3 120,103.6 135,676.4 Domestic Product Per Capita (Pula) 28,026.8 32,038.3 35,727.9 39,021.1 37,656.1 43,705.9 51,844.3 53,116.0 59,313.9 67,868.0 66,821.8 76,852.2 22 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 23
Table 2: Contributions of Value to GDP by kind of Economic Activity at Current Prices ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Agriculture 1.8 2.0 2.2 2.5 2.8 2.5 2.5 2.7 2.3 2.1 2.2 2.0 Mining 31.7 32.2 29.1 25.0 15.3 19.2 23.4 17.6 19.4 22.2 17.8 20.5 Manufacturing 4.9 5.3 6.3 5.7 6.3 6.4 5.8 5.9 5.8 5.3 5.8 5.2 Water and Electricity 1.4 1.3 1.1 0.9 0.4 0.5-0.1-0.6-0.1-0.4-0.2 0.2 Construction 4.8 4.8 5.3 5.0 6.1 5.8 6.0 6.8 6.4 6.0 6.6 6.2 Trade, Hotels & Restaurants of which 10.8 11.9 12.3 13.4 15.2 15.1 14.9 15.4 16.9 17.9 16.2 18.2 Trade excl Hotels & Restaurants 8.0 7.9 7.9 8.6 9.7 5.1 4.9 5.8 5.5 5.3 5.9 5.7 Hotels & Restaurants 2.8 4.0 4.4 4.9 5.5 5.8 5.8 6.0 5.7 5.5 6.1 5.8 Transport 3.6 3.8 4.0 4.4 5.4 5.1 4.9 5.8 5.5 5.3 5.9 5.7 Banks, Insurance & Business Services 11.7 11.3 11.4 12.5 13.2 13.4 13.3 15.0 14.2 13.2 14.7 13.7 General Government 14.2 13.2 13.2 14.6 16.8 15.4 14.1 15.4 14.2 13.7 15.4 14.0 Social and Personal Services 5.0 5.0 4.8 5.1 6.3 6.0 5.6 6.1 5.9 5.6 5.9 5.4 Total Value, 90.0 90.8 89.8 89.1 87.8 89.4 90.3 90.1 90.4 90.9 90.3 91.1 Adjustments items of which: Taxes on Imports 6.3 5.8 6.4 6.3 6.2 5.1 4.8 5.1 5.1 4.9 5.2 4.7 Taxes on products/production 4.3 3.9 4.3 5.1 6.6 6.0 5.3 5.3 4.9 4.6 4.9 4.6 Subsdies on products/production -0.5-0.5-0.5-0.5-0.6-0.5-0.4-0.4-0.4-0.4-0.4-0.4 Total GDP excluding Mining Value added 68.3 67.8 70.9 75.0 84.7 80.8 76.6 82.4 80.6 77.8 82.2 79.5 Table 3: Value added by kind of Economic Activity at Constant 2006 Prices - Million of pula ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Agriculture 1,068.2 1,210.7 1,358.9 1,385.7 1,474.0 1,559.7 1,562.4 1,429.1 1,448.1 1,443.1 1,447.7 1,455.5 Mining 18,087.7 19,019.0 18,113.7 18,160.9 10,466.0 12,596.2 11,782.2 11,101.2 13,784.3 13,851.1 11,132.2 10,737.7 Manufacturing 2,602.4 3,123.1 3,925.6 3,824.9 4,016.5 4,173.5 4,647.3 4,819.5 5,134.4 5,160.3 5,327.4 5,410.1 Water and Electricity 762.2 785.1 746.3 795.5 753.9 844.2 555.4 402.9 674.9 298.5 319.4 623.5 Construction 2,448.6 2,838.0 3,497.0 3,524.3 3,958.8 4,101.3 5,047.2 5,774.8 6,010.9 6,234.7 6,481.6 6,755.3 Trade, Hotels & Restaurants of which 5,521.2 7,032.3 8,104.3 9,560.9 9,929.8 10,852.0 12,348.0 13,188.0 15,298.3 16,933.1 16,267.6 18,464.0 Trade excl Hotels & Restaurants 4,076.3 4,663.6 5,198.2 6,138.6 6,336.8 6,650.3 7,479.2 8,081.0 9,849.1 11,172.3 10,165.5 12,047.0 Hotels & Restaurants 1,444.8 2,368.7 2,906.2 3,422.2 3,592.9 4,201.7 4,868.8 5,107.0 5,449.2 5,760.8 6,102.1 6,417.0 Transport and communication 1,978.4 2,250.5 2,597.5 2,862.0 3,285.3 3,496.8 3,708.6 4,111.9 4,422.6 4,854.6 5,075.5 5,408.1 Banks, Insurance & Business Services 6,361.8 6,675.4 7,425.6 8,293.4 8,414.9 9,379.2 10,098.0 11,018.1 11,973.5 12,291.2 12,843.7 13,268.9 General Government 7,993.5 7,818.5 8,256.2 8,276.6 8,510.5 9,150.6 9,723.1 9,993.4 10,592.0 11,079.4 11,442.4 11,714.0 Social and Personal Services 2,582.6 2,938.9 3,179.8 3,663.9 4,076.2 4,329.7 4,689.7 5,191.9 5,607.6 5,843.3 6,055.2 6,266.6 Total Value, 49,406.7 53,691.6 57,205.0 60,348.0 54,885.9 60,483.3 64,161.9 67,030.9 74,946.6 77,989.3 76,392.7 80,103.6 Adjustments items of which: Taxes on Imports 3,202.9 3,428.8 4,261.2 4,434.1 4,004.4 3,679.4 4,028.0 4,331.0 4,886.7 5,145.8 5,174.3 5,153.7 Taxes on products/ production 2,192.6 2,276.3 2,859.9 3,566.5 4,278.1 4,367.1 4,460.6 4,521.3 4,642.6 4,844.7 4,940.2 4,978.5 Subsdies on products/ production -257.4-289.8-327.0-352.6-375.6-359.8-357.2-368.4-395.1-410.3-424.6-438.3 Total GDP at constant prices 54,544.8 59,106.9 63,999.1 67,996.1 62,792.8 68,170.1 72,293.3 75,514.8 84,080.7 87,569.5 86,082.6 89,797.5 Total GDP excluding Mining 36,457.1 40,087.9 45,885.4 49,835.2 52,326.8 55,573.9 60,511.1 64,413.6 70,296.5 73,718.3 74,950.4 79,059.8 Domestic Product Per Capita (Pula) 30,121.2 32,038.3 34,050.1 35,509.2 32,186.9 34,298.6 35,702.1 36,507.0 39,846.8 40,743.3 39,380.0 40454.8 24 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 25
Table 4: Annual Percentage Change in Value by kind of Economic Activity at Constant 2006 Prices ECONOMIC ACTIVITY 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Agriculture -2.5 13.3 12.2 2.0 6.4 5.8 0.2-8.5 1.3-0.4 0.3 0.5 Mining 8.3 5.1-4.8 0.3-42.4 20.4-6.5-5.8 24.2 0.5-19.6-3.5 Manufacturing 1.8 20.0 25.7-2.6 5.0 3.9 11.4 3.7 6.5 0.5 3.2 1.6 Water and Electricity -14.1 3.0-4.9 6.6-5.2 12.0-34.2-27.5 67.5-55.8 7.0 95.2 Construction -1.2 15.9 23.2 0.8 12.3 3.6 23.1 14.4 4.1 3.7 4.0 4.2 Trade, Hotels & Restaurants of which 3.8 27.4 15.2 18.0 3.9 9.3 13.8 6.8 16.0 10.7-3.9 13.5 Trade excl Hotels & Restaurants 2.6 14.4 11.5 18.1 3.2 4.9 12.5 8.0 21.9 13.4-9.0 18.5 Hotels & Restaurants 8.3 63.9 22.7 17.8 5.0 16.9 15.9 4.9 6.7 5.7 5.9 5.2 Transport 14.0 13.8 15.4 10.2 14.8 6.4 6.1 10.9 7.6 9.8 4.5 6.6 Banks, Insurance & Business Services 1.4 4.9 11.2 11.7 1.5 11.5 7.7 9.1 8.7 2.7 4.5 3.3 General Government -1.1-2.2 5.6 0.2 2.8 7.5 6.3 2.8 6.0 4.6 3.3 2.4 Social and Personal Services 18.6 13.8 8.2 15.2 11.3 6.2 8.3 10.7 8.0 4.2 3.6 3.5 Total Value, 4.4 8.7 6.5 5.5-9.1 10.2 6.1 4.5 11.8 4.1-2.0 4.9 Taxes on Imports 11.1 7.1 24.3 4.1-9.7-8.1 9.5 7.5 12.8 5.3 0.6-0.4 Taxes on products/production -0.9 3.8 25.6 24.7 20.0 2.1 2.1 1.4 2.7 4.4 2.0 0.8 Subsdies on products/production 9.0 12.6 12.8 7.8 6.5-4.2-0.7 3.1 7.3 3.8 3.5 3.2 Total GDP at constant prices 4.6 8.4 8.3 6.2-7.7 8.6 6.0 4.5 11.3 4.1-1.7 4.3 Total GDP excluding Mining Value added 2.8 10.0 14.5 8.6 5.0 6.2 8.9 6.4 9.1 4.9 1.7 5.5 Domestic Product Per Capita 2.6 6.4 6.3 4.3-9.4 6.6 4.1 2.3 9.1 2.2-3.3 2.7 Table 5. Domestic Product by Type Of Expenditure at Current Prices - Millions of Pula TYPE OF EXPENDITURE 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Government final consumption 9,846.3 10,070.5 11,815.4 15,206.6 15,492.9 17,162.0 19,407.3 21,195.6 23,214.8 29,077.7 30,056.7 31,032.9 (a) Central 8,361.6 8,502.4 9,989.2 12,936.1 12,971.2 14,363.6 16,592.9 18,342.9 20,005.4 25,343.8 26,034.1 27,313.3 (b) Local 1,484.7 1,568.1 1,826.2 2,270.6 2,521.7 2,798.3 2,814.4 2,852.7 3,209.3 3,733.9 4,022.6 3,719.5 Private final consumption 19,340.0 22,892.7 26,622.2 32,929.1 37,223.5 42,692.1 48,629.1 57,100.3 65,109.5 68,474.7 76,009.2 80,723.4 (a) Non-profit services 1,013.0 1,217.0 1,335.0 1,147.1 1,217.0 1,335.0 1,464.6 1,995.2 2,154.9 2,308.3 2,460.1 2,662.5 (b) Household, marketed 16,096.4 19,222.9 22,220.5 27,967.0 32,077.5 37,195.1 42,755.9 50,789.5 57,512.1 60,279.5 67,271.0 71,124.1 (c) Household, non- marketed 2,230.5 2,452.8 3,066.7 3,815.0 3,929.1 4,161.9 4,408.6 4,315.5 5,442.5 5,887.0 6,278.1 6,936.8 Changes in inventories 918.9-175.2 1,616.4 4,187.7 2,953.6 6,772.1 6,855.8 2,869.9-5,117.2-3,299.1-2,021.2-4,255.2 (a) Livestock 74.1 160.7 217.9 184.0 191.8 253.8 1.3 187.6-261.6 165.0 1,485.7 69.4 (b) Minerals 15.5-1,164.1 41.6 2,081.1 547.0 4,409.0 4,853.5 221.6-4,752.3-417.1 2,825.6-2,037.2 (c) Other 829.2 828.2 1,357.0 1,922.6 2,214.8 2,109.3 2,001.1 2,460.8-103.3-3,047.0-6,332.5-2,287.4 fixed capital formation 12,860.5 15,486.6 19,061.5 22,851.6 25,645.5 29,201.5 33,640.6 39,803.5 41,925.1 44,432.7 49,643.4 52,985.8 (a) Construction 8,035.7 9,930.8 11,421.2 12,052.9 14,587.8 16,852.9 19,364.4 23,308.9 26,629.9 28,775.8 31,329.6 34,784.0 (b) Machinery & equipment 3,624.8 4,095.6 5,515.0 8,122.2 8,077.9 9,484.8 10,907.5 12,601.9 12,316.1 12,346.4 15,132.9 15,116.2 (c) Transport & equipment 950.4 1,159.8 1,768.0 2,430.4 2,665.8 2,510.7 2,962.6 3,437.1 2,408.1 2,697.1 2,532.9 2,397.1 (d) Mineral Prospecting 249.7 300.5 357.2 246.1 313.9 353.2 406.1 455.5 571.0 613.3 648.0 688.5 Domestic Expenditure 42,965.6 48,274.7 59,115.5 75,175.1 81,315.5 95,827.6 108,532.9 120,969.3 125,132.2 138,686.0 153,688.1 160,486.9 Exports of goods 22,708.3 26,386.1 31,692.0 32,757.0 23,866.0 31,237.0 44,043.0 45,886.0 66,563.7 76,419.9 63,673.5 69,497.6 Exports of services 4,151.5 4,499.9 4,917.0 1,371.0 1,699.6 6,668.0 8,395.0 8,226.0 10,437.0 12,137.0 13,790.2 15,369.3 Total Exports (Goods and Services) 26,859.8 30,886.0 36,609.0 34,128.0 25,565.6 37,905.0 52,438.0 54,112.0 77,000.7 88,556.9 77,463.6 84,867.0 Imports of goods 13,729.2 15,283.9 21,228.0 35,330.0 33,346.0 38,035.0 48,821.0 61,074.0 68,902.2 71,745.4 72,787.7 66,125.9 Imports of services 4,329.3 4,859.8 6,028.3 2,809.0 4,770.0 6,497.0 7,443.0 6,391.0 7,483.1 6,953.2 6,805.6 7,502.9 Total Imports (Goods and Services) 18,058.5 20,143.7 27,256.3 38,139.0 38,116.0 44,532.0 56,264.0 67,465.0 76,385.3 78,698.6 79,593.3 73,628.8 Net errors & omissions -1,014.7 89.9-1,315.6 3,556.8 4,697.2-2,333.2 272.9 2,254.1-589.2-2,675.6-5,492.7-1,136.2 GDP at current prices 50,752.2 59,106.9 67,152.7 74,720.9 73,462.3 86,867.5 104,979.8 109,870.4 125,158.3 145,868.6 146,065.8 170,588.9 Net errors & omissions as % of GDP -2.0 0.2-2.0 4.8 6.4-2.7 0.3 2.1-0.5-1.8-3.8-0.7 26 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 27
Table 6: Contributions of Components of GDP by Expenditure at Current Prices TYPE OF EXPENDITURE 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Government final consumption 19.4 17.0 17.6 20.4 21.1 19.8 18.5 19.3 18.5 19.9 20.6 18.2 (a) Central 16.5 14.4 14.9 17.3 17.7 16.5 15.8 16.7 16.0 17.4 17.8 16.0 (b) Local 2.9 2.7 2.7 3.0 3.4 3.2 2.7 2.6 2.6 2.6 2.8 2.2 Household final consumption 38.1 38.7 39.6 44.1 50.7 49.1 46.3 52.0 52.0 46.9 52.0 47.3 (a) Non-profit services 2.0 2.1 2.0 1.5 1.7 1.5 1.4 1.8 1.7 1.6 1.7 1.6 (b) Household, marketed 31.7 32.5 33.1 37.4 43.7 42.8 40.7 46.2 46.0 41.3 46.1 41.7 (c) Household, non-marketed 4.4 4.1 4.6 5.1 5.3 4.8 4.2 3.9 4.3 4.0 4.3 4.1 Net increase in inventories 1.8-0.3 2.4 5.6 4.0 7.8 6.5 2.6-4.1-2.3-1.4-2.5 (a) Livestock 0.1 0.3 0.3 0.2 0.3 0.3 0.0 0.2-0.2 0.1 1.0 0.0 (b) Minerals 0.0-2.0 0.1 2.8 0.7 5.1 4.6 0.2-3.8-0.3 1.9-1.2 (c) Other 1.6 1.4 2.0 2.6 3.0 2.4 1.9 2.2-0.1-2.1-4.3-1.3 fixed capital formation 25.3 26.2 28.4 30.6 34.9 33.6 32.0 36.2 33.5 30.5 34.0 31.1 (a) Construction 15.8 16.8 17.0 16.1 19.9 19.4 18.4 21.2 21.3 19.7 21.4 20.4 (b) Machinery & equipment 7.1 6.9 8.2 10.9 11.0 10.9 10.4 11.5 9.8 8.5 10.4 8.9 (c) Transport & equipment 1.9 2.0 2.6 3.3 3.6 2.9 2.8 3.1 1.9 1.8 1.7 1.4 (d) Mineral Prospecting 0.5 0.5 0.5 0.3 0.4 0.4 0.4 0.4 0.5 0.4 0.4 0.4 Domestic Expenditure 84.7 81.7 88.0 100.6 110.7 110.3 103.4 110.1 100.0 95.1 105.2 94.1 Exports of goods 44.7 44.6 47.2 43.8 32.5 36.0 42.0 41.8 53.2 52.4 43.6 40.7 Exports of services 8.2 7.6 7.3 1.8 2.3 7.7 8.0 7.5 8.3 8.3 9.4 9.0 Total Exports (Goods and Services) 52.9 52.3 54.5 45.7 34.8 43.6 50.0 49.3 61.5 60.7 53.0 49.7 Imports of goods 27.1 25.9 31.6 47.3 45.4 43.8 46.5 55.6 55.1 49.2 49.8 38.8 Imports of services 8.5 8.2 9.0 3.8 6.5 7.5 7.1 5.8 6.0 4.8 4.7 4.4 Total Imports (Goods and Services) 35.6 34.1 40.6 51.0 51.9 51.3 53.6 61.4 61.0 54.0 54.5 43.2 Table 7. Domestic Product by Type Of Expenditure at Constant 2006 Prices - Millions of Pula TYPE OF EXPENDITURE 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Government final consumption 10,487.3 10,070.5 10,425.1 10,944.9 11,269.2 11,690.0 12,273.1 14,142.3 16,177.3 17,922.3 18,371.9 18,784.6 (a) Central 8,918.5 8,502.4 8,798.4 9,193.5 9,520.5 9,945.7 10,442.4 12,229.8 14,059.4 15,751.2 16,095.2 16,363.5 (b) Local 1,568.8 1,568.1 1,626.7 1,751.4 1,748.7 1,744.3 1,830.7 1,912.5 2,117.9 2,171.0 2,276.7 2,421.1 Private final consumption 19,525.0 22,892.7 26,325.1 30,868.4 32,576.3 35,384.1 38,171.2 37,654.1 41,455.5 41,807.7 43,450.6 44,421.7 (a) Non-profit services 1,022.1 1,217.0 1,326.2 1,082.0 1,076.4 1,110.1 1,166.9 1,127.5 989.8 1,029.1 1,061.8 1,093.2 (b) Household, marketed 16,252.3 19,222.9 21,952.7 26,187.9 28,024.6 30,813.3 33,491.6 33,673.4 37,035.6 37,260.6 38,840.3 39,652.0 (c) Household, non-marketed 2,250.6 2,452.8 3,046.3 3,598.5 3,475.3 3,460.7 3,512.7 2,853.2 3,430.1 3,518.0 3,548.5 3,676.6 Changes in inventories 899.9-175.2 963.4 2,772.6 1,469.7 5,217.6 2,625.1 1,987.7-1,493.5-2,401.7 1,031.7-1,972.2 (a) Livestock 80.7 160.7 125.3 157.2 209.3 163.4 236.2 217.5-106.5-77.6 519.5-154.8 (b) Minerals -417.5-1,164.1-509.8 801.9-300.6 3,300.2 794.4 154.4-2,742.6-570.2 2,628.9-2,473.1 (c) Other 1,236.7 828.2 1,347.9 1,813.5 1,561.0 1,753.9 1,594.4 1,615.9 1,355.6-1,753.9-2,116.7 655.7 fixed capital formation 14,479.8 15,486.5 17,243.8 17,818.8 19,509.9 21,300.2 23,888.6 27,141.0 27,689.0 28,096.4 30,556.4 31,669.7 (a) Construction 9,190.2 9,930.8 10,268.9 9,213.3 10,779.1 11,711.9 13,136.3 14,140.5 15,747.1 16,364.1 16,920.6 17,626.2 (b) Machinery & equipment 4,062.8 4,095.6 4,901.3 6,121.7 6,103.4 7,089.7 7,931.9 9,782.2 9,491.1 9,145.1 11,178.0 11,661.6 (c) Transport & equipment 974.9 1,159.7 1,718.7 2,251.6 2,349.7 2,205.0 2,496.9 2,908.3 2,063.6 2,193.5 2,059.7 1,971.7 (d) Mineral Prospecting 251.9 300.5 354.9 232.2 277.7 293.7 323.6 310.1 387.2 393.7 398.1 410.2 Domestic Expenditure 45,392.0 48,274.6 54,957.5 62,404.8 64,825.2 73,591.9 76,958.1 80,925.2 83,828.3 85,424.7 93,410.6 92,903.8 Exports of goods 25,319.2 26,386.1 28,663.8 27,555.5 18,677.1 22,264.8 28,696.4 30,069.2 42,370.8 45,474.2 36,352.9 36,474.7 Exports of services 4,628.6 4,499.9 4,841.7 5,119.2 1,688.9 1,364.5 1,441.9 5,445.9 6,569.7 7,252.2 7,788.1 8,117.4 Total Exports (Goods and Services) 29,947.8 30,886.0 33,505.6 32,674.7 20,365.9 23,629.3 30,138.2 35,515.1 48,940.6 52,726.5 44,140.9 44,592.1 Imports of goods 15,303.7 15,271.4 19,411.8 24,666.2 21,737.6 23,305.3 27,882.9 40,012.4 43,735.9 43,915.6 44,955.5 41,551.7 Imports of services 4,831.1 4,872.3 5,758.8 4,920.2 4,628.8 4,769.8 5,589.6 4,197.3 4,901.0 4,796.3 4,888.8 5,764.0 Total Imports (Goods and Services) 20,134.8 20,143.7 25,170.6 29,586.5 26,366.4 28,075.1 33,472.5 44,209.7 48,636.8 48,711.8 49,844.3 47,315.7 Net errors & omissions -660.2 90.0 706.7 2,503.0 3,968.0-976.0-1,330.5 3,284.2-51.3-1,869.9-1,624.7-382.7 GDP at constant prices 54,544.8 59,106.9 63,999.1 67,996.1 62,792.8 68,170.1 72,293.3 75,514.8 84,080.7 87,569.5 86,082.6 89,797.5 Net errors & omissions as % of GDP -1.2 0.2 1.1 3.7 6.3-1.4-1.8 4.3-0.1-2.1-1.9-0.4 Annual Percentage Change Government final consumption -6.3-4.0 3.5 5.0 3.0 3.7 5.0 15.2 14.4 10.8 2.5 2.2 Private final consumption 10.8 17.2 15.0 17.3 5.5 8.6 7.9-1.4 10.1 0.8 3.9 2.2 fixed capital formation 1.9 7.0 11.3 3.3 9.5 9.2 12.2 13.6 2.0 1.5 8.8 3.6 Exports of Goods and Services 18.2 3.1 8.5-2.5-37.7 16.0 27.5 17.8 37.8 7.7-16.3 1.0 Imports of Goods and Services -4.9 0.0 25.0 17.5-10.9 6.5 19.2 32.1 10.0 0.2 2.3-5.1 GDP at constant prices 4.6 8.4 8.3 6.2-7.7 8.6 6.0 4.5 11.3 4.1-1.7 4.3 28 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 29
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 2005 1,232.4 19,940.9 8,853.7 1,290.8 8,019.8 9,647.7 3,694.9 8,642.9 10,786.7 4,233.7 76,343.6 2006 1,645.7 23,375.8 10,183.2 1,479.4 8,836.3 12,205.4 4,501.1 19,054.6 11,455.8 5,125.9 97,863.2 2007 1,989.1 24,339.7 13,043.4 1,586.9 10,427.8 14,621.1 5,289.5 29,651.0 12,768.7 5,700.5 119,417.8 2008 2,572.6 24,590.7 14,805.5 1,919.9 11,122.3 18,143.2 6,506.9 32,732.7 16,286.4 6,724.5 135,404.8 2009 2,879.8 17,223.8 16,079.4 1,923.8 13,368.8 20,312.9 7,727.2 26,551.7 18,559.2 7,899.6 132,526.1 2010 3,078.8 24,453.3 20,986.7 2,396.8 16,586.4 23,636.2 8,856.3 34,901.8 18,721.6 8,590.4 162,208.4 2011 3,660.0 31,351.7 23,602.8 2,720.1 20,518.2 27,712.3 10,090.9 44,126.9 25,517.2 9,549.4 198,849.5 2012 4,079.4 27,766.8 25,428.8 3,115.1 24,284.6 29,903.3 11,647.3 49,795.3 23,608.7 9,797.7 209,427.1 2013 4,093.8 35,857.3 27,603.9 3,406.4 26,031.1 36,526.0 12,642.4 54,915.4 25,104.8 10,784.8 236,965.8 2014 4,326.6 43,971.2 30,532.8 3,700.9 28,128.7 43,260.4 13,897.9 61,359.7 31,016.4 11,605.2 271,799.8 2015 4,540.2 34,033.0 33,310.8 4,372.4 30,625.1 42,546.7 15,186.9 67,665.3 32,054.2 12,390.8 276,725.3 2016 4,960.1 44,819.0 35,372.4 4,425.9 34,001.8 52,194.5 16,962.7 74,225.1 33,701.7 13,332.4 313,995.7 2005 Q1 302.0 5,004.0 2,137.2 286.5 1,922.7 2,186.8 863.8 2,080.1 3,051.7 976.7 18,811.3 Q2 332.6 3,637.5 2,185.6 308.9 1,976.5 2,335.0 897.8 2,111.4 2,265.6 1,012.7 17,063.6 Q3 374.8 6,624.4 2,241.1 338.6 2,031.9 2,457.4 948.8 2,196.1 2,584.2 1,099.6 20,896.9 Q4 223.0 4,675.0 2,289.9 356.8 2,088.8 2,668.5 984.5 2,255.4 2,885.2 1,144.8 19,571.8 2006 Q1 485.7 5,493.1 2,326.3 316.3 2,147.4 2,883.3 1,057.9 4,621.4 2,828.8 1,246.8 23,407.0 Q2 352.2 4,252.5 2,375.1 331.8 2,207.5 2,929.9 1,100.6 4,714.2 2,703.3 1,258.5 22,225.4 Q3 466.8 7,081.4 2,659.2 392.4 2,413.9 3,121.1 1,135.9 4,830.1 2,907.8 1,322.4 26,331.1 Q4 341.0 6,548.9 2,822.5 439.0 2,067.5 3,271.1 1,206.6 4,889.1 3,015.9 1,298.2 25,899.6 2007 Q1 434.5 6,128.4 2,917.1 397.2 2,290.9 3,366.3 1,243.9 7,044.4 3,217.9 1,314.7 28,355.3 Q2 628.1 4,683.1 3,377.6 400.1 2,538.3 3,563.0 1,297.7 7,141.3 3,017.0 1,368.7 28,014.8 Q3 594.1 7,672.8 3,383.4 395.1 2,643.3 3,658.3 1,342.2 7,550.2 3,270.0 1,506.3 32,015.7 Q4 332.4 5,855.5 3,365.3 394.6 2,955.2 4,033.5 1,405.7 7,915.2 3,263.8 1,510.8 31,031.9 2008 Q1 587.9 6,563.6 3,367.8 440.4 2,659.7 4,086.3 1,529.9 7,713.0 3,994.8 1,565.3 32,508.6 Q2 607.0 4,818.8 3,873.8 463.2 2,697.0 4,398.9 1,586.4 7,885.4 3,716.8 1,578.7 31,626.2 Q3 738.9 7,088.9 3,887.9 485.9 2,793.5 4,711.8 1,665.5 8,459.5 4,155.4 1,750.1 35,737.5 Q4 638.8 6,119.4 3,676.0 530.5 2,972.1 4,946.2 1,725.0 8,674.7 4,419.3 1,830.5 35,532.5 2009 Q1 626.9 3,035.1 3,704.0 451.7 3,122.8 4,926.4 1,768.2 6,562.6 4,976.5 1,941.1 31,115.2 Q2 746.7 4,981.6 3,869.7 487.2 3,347.9 5,191.0 1,850.0 6,707.2 4,328.6 1,917.1 33,427.0 Q3 811.8 3,928.3 4,110.3 492.4 3,549.6 5,148.6 1,991.4 6,543.7 4,627.7 2,053.3 33,257.1 Q4 694.4 5,278.8 4,395.4 492.6 3,348.7 5,046.9 2,117.6 6,738.3 4,626.3 1,988.1 34,727.1 2010 Q1 715.9 4,833.8 4,818.6 575.8 3,680.6 5,420.0 2,060.7 8,145.4 4,611.2 2,055.6 36,917.5 Q2 834.4 5,469.4 5,102.5 576.5 3,877.6 5,887.6 2,140.3 8,908.0 4,692.3 2,129.4 39,617.9 Q3 816.4 7,587.5 5,362.6 651.6 4,336.2 6,210.2 2,301.9 8,699.6 4,586.8 2,224.8 42,777.7 Q4 712.1 6,562.7 5,703.0 592.8 4,691.8 6,118.5 2,353.4 9,148.7 4,831.4 2,180.6 42,895.2 2011 Q1 736.8 7,523.5 5,454.7 621.5 4,696.4 6,532.6 2,323.3 10,227.9 6,284.9 2,168.4 46,570.0 Q2 918.3 7,868.3 5,612.4 678.3 4,860.8 6,518.8 2,452.3 10,911.5 5,702.3 2,314.7 47,837.6 Q3 981.3 8,215.0 6,091.0 679.8 5,346.8 7,021.6 2,625.3 11,360.5 6,168.9 2,427.8 50,918.0 Q4 1,023.6 7,744.9 6,444.7 740.6 5,614.2 7,639.2 2,689.9 11,627.2 7,361.1 2,638.5 53,524.0 2012 Q1 1,000.7 6,815.7 6,203.0 846.2 5,952.6 7,128.5 2,772.8 11,993.2 6,262.4 2,354.4 51,329.5 Q2 1,092.2 8,050.3 6,306.6 736.2 6,041.9 7,308.6 2,883.0 12,273.3 5,855.5 2,445.1 52,992.8 Q3 1,105.0 6,167.2 6,468.8 790.3 6,114.4 7,620.3 2,979.2 12,624.2 5,785.6 2,477.3 52,132.5 Q4 881.5 6,733.6 6,450.5 742.3 6,175.6 7,845.9 3,012.2 12,904.5 5,705.2 2,520.9 52,972.3 2013 Q1 912.7 6,930.2 6,527.7 823.6 6,351.1 8,382.8 3,044.8 13,225.6 6,148.5 2,572.7 54,919.7 Q2 1,110.9 11,606.8 6,818.4 862.2 6,487.7 8,711.0 3,080.8 13,547.9 6,094.5 2,688.4 61,008.6 Q3 1,010.7 9,371.6 7,083.2 851.4 6,500.6 9,392.9 3,224.0 13,816.0 6,352.8 2,736.2 60,339.4 Q4 1,059.5 7,948.6 7,174.6 869.2 6,691.6 10,039.2 3,292.9 14,326.0 6,509.0 2,787.5 60,698.1 2014 Q1 1,029.3 9,961.2 7,110.8 772.1 6,837.3 10,564.1 3,360.3 14,660.8 7,392.6 2,828.7 64,517.2 Q2 1,102.1 12,820.8 7,562.8 945.3 7,058.5 10,658.8 3,470.2 15,112.9 7,749.8 2,881.1 69,362.3 Q3 1,087.7 9,704.1 7,852.6 972.9 7,087.6 11,013.4 3,523.9 15,593.5 8,002.4 2,926.8 67,764.9 Q4 1,107.5 11,485.2 8,006.5 1,010.5 7,145.4 11,024.0 3,543.5 15,992.5 7,871.6 2,968.7 70,155.3 2015 Q1 1,091.7 10,079.2 8,176.6 990.5 7,377.7 10,741.0 3,603.1 16,158.1 7,859.8 3,024.1 69,101.8 Q2 1,142.6 10,034.8 8,275.7 1,142.9 7,671.0 10,359.7 3,704.5 16,663.7 7,960.7 3,059.7 70,015.3 Q3 1,129.6 9,001.7 8,394.7 1,102.4 7,712.0 10,531.7 3,901.7 17,193.1 8,093.6 3,120.7 70,181.3 Q4 1,176.3 4,917.3 8,463.7 1,136.6 7,864.4 10,914.3 3,977.5 17,650.4 8,140.1 3,186.2 67,426.9 2016 Q1 1,205.9 10,242.9 8,499.2 1,155.0 8,128.7 12,128.7 4,005.7 17,880.5 8,374.6 3,237.0 74,858.2 Q2 1,252.7 11,235.4 8,673.9 1,133.4 8,405.1 13,273.4 4,158.8 18,193.0 8,480.5 3,293.6 78,099.6 Q3 1,272.7 12,640.3 9,038.1 1,076.6 8,699.2 13,308.3 4,354.1 18,755.0 8,523.0 3,363.5 81,030.8 Q4 1,228.8 10,700.4 9,161.2 1,060.9 8,768.8 13,484.2 4,444.2 19,396.0 8,323.5 3,438.3 80,006.4 30 NATIONAL ACCOUNTS STATISTICS REPORT 2016 NATIONAL ACCOUNTS STATISTICS REPORT 2016 31