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Botswana vs. Rwanda: A Comparative Economic Analysis

Unlocking Economic Insights: Botswana & Rwanda Compared

Discover the key differences and similarities between Botswana and Rwanda's economies in 2022.

Botswana vs. Rwanda: A Comparative Economic Analysis

Botswana and Rwanda

In 2022, Botswana's economy displayed greater complexity than Rwanda's, ranking 91st versus Rwanda's 89th on the Economic Complexity Index (ECI). However, Botswana's total exports ($8.65B) lagged behind Rwanda's ($1.77B). This contrast highlights Botswana's economic diversification against Rwanda's more concentrated export sectors. Botswana's economy heavily relies on diamond mining (approximately 25% of GDP), while Rwanda boasts a more diversified structure, emphasizing agriculture, tourism, and manufacturing. Both nations have achieved notable economic progress; Botswana leads in GDP per capita, but Rwanda exhibits a lower poverty rate.

Botswana

More complex economy, higher GDP per capita, heavily reliant on diamond mining.

Rwanda

Less complex economy, lower poverty rate, diversified economy focused on agriculture, tourism, and manufacturing.

Export Value

Botswana's total exports were $8.65B, while Rwanda's were $1.77B in 2022.

Economic Dependence

Botswana's economy is heavily reliant on diamond mining (approx. 25% of GDP), while Rwanda has a more diversified economy.

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