Botswana is an inland country bordered by South Africa, Namibia and Zimbabwe, mostly dominated by the rigid Kalahari Desert, covering 70percent of the country's total land area. Water is so valued in Botswana that their currency is called the "pula", which means "rain" or "blessing" in Setswana. The country is the size of France, but has an estimated population of 2.3million, according to the UN (2018), compared to France's 66.9million.
Botswana is among some of the least densely populated countries in the world, but it has managed to grow its economy at an average 5percent a year, putting it among some of the fastest-growing economies in the world. Gross domestic product (GDP) growth accelerated to 4.4percent in 2018 and the country had an estimated GDP of $17.41billion (R248bn) in the same year. This was due to inclusive innovation and operational efficiency within key sectors like mining, resulting in the small country managing to stand out as a model of a successful African tale.
Botswana is dependent on diamond exports and was the world's third-largest diamond producer in 2016.
However, its reliance on commodities renders it vulnerable to international market fluctuations and hence erratic economic growth. Botswana's political and corporate governance culture has made the country the investors’ destination of choice, which can be seen in its stable and upper medium grade credit rating, according to Moody’s.