Botswana: Terms of trade

* indicates monthly or quarterly data series
 Botswana

Terms of trade, base year = 2000

 Latest value 85.86
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 96.83
 Min - Max 68.99 - 112.18
 Source The United Nations
The latest value from 2021 is 85.86 percent, a decline from 94.02 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Botswana from 1980 to 2021 is 96.83 percent. The minimum value, 68.99 percent, was reached in 1983 while the maximum of 112.18 percent was recorded in 1989. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Botswana - Terms of trade - Recent values chart

Historical series
Botswana - Terms of trade - historical chart - 1980-2021




The terms of trade for Botswana are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 85.86 2021 percent
 Trade openness 67.37 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 31.66 2023 percent
 Exports, billion dollars 6.14 2023 billion U.S. dollars
 Growth of exports -16.21 2023 percent
 Imports, percent of GDP 35.71 2023 percent
 Imports, billion dollars 6.93 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.43 2023 percent
 Foreign Direct Investment, billion dollars 0.22 2022 billion U.S. dollars
 Portfolio investment inflows, equities 27.19 2022 million dollars (current)
 Current account, percent of GDP -2.50 2023 percent
 Current account, in dollars 0.61 2022 billion U.S. dollars
 Trade balance, percent of GDP -4.05 2023 percent
 Trade balance, in dollars 0.20 2022 billion U.S. dollars
 Reserves 4.76 2023 billion U.S. dollars
 Remittances, percent of GDP 0.31 2023 percent
 Remittances 60.16 2023 million U.S. dollars
 Net errors and omissions -370.48 2022 million USD
 External debt 9.96 2022 percent
 Short-term external debt 5.69 2022 percent
 Short-term debt to reserves 2.62 2022 percent
 Foreign exchange reserves 60.78 10/2022 billion
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