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Botswana economy suffers steep contraction in Q2 on diamond sector woes
7:22 CAT | 29 Sep 2025
FILE - Diamonds are seen during an exhibition in Gaborone, Botswana, November 23, 2015. [File poto: Reuters/Siphiwe Sibeko]
Botswana’s economic output fell sharply in the second quarter, reflecting a steep decline in output from its key diamond industry, data from the statistics agency showed on Friday.
Gross domestic product decreased 5.3% in year-on-year terms, the steepest quarterly contraction since the COVID-19 pandemic.
“Diamond production in carats declined 43.1% in the second quarter of 2025. The steep decline reflects the diamond companies continued effort to scale down operations amid sluggish global demand,” the statistics agency said in a report.
Source: Reuters
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