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Botswana's economy is very dependent on diamonds.
In 2009, when the world economy faced major problems, the sale of luxury items dropped. It placed Botswana in crisis, since they relied so heavily on this single luxury item for income. Due to this, and other economic factors, they are realizing they need to come up with other forms of income to keep national income stable.
They are working to build a bigger market in tourism, but this is being slightly hampered by the fact they are well known for having the second highest AIDS rate in the world. Another market they are building into is cattle and livestock.
Wiki User
∙ 9y ago
Wiki User
∙ 14y agoIndustries established here include manufacture of gaskets, clothing, knitwear, shoes and accessories, textiles, ceramics and chemicals.
Wiki User
∙ 9y agoTwo major industries in Botswana include: mining and tourism. However, Botswana also has a very prosperous agriculture trade as well.
Wiki User
∙ 12y agoBotswana's economic activities are mining, tourism, beef industry, and finacial sector.
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L. A. Huff has written: 'Predictive status of the Botswana economy into the next century' -- subject(s): Econometric models, Economic policy, Botswana, Economic forecasting
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