Botswana M2 Growth

2002 - 2025 | Monthly | % | CEIC Data

Key information about Botswana M2 Growth

  • Botswana Money Supply M2 increased 0.8 % YoY in Nov 2025, compared with a drop of -3.0 % in the previous month
  • Botswana Money Supply M2 growth data is updated monthly, available from Jan 2002 to Nov 2025
  • The data reached an all-time high of 71.5 % in Feb 2007 and a record low of -6.7 % in Nov 2009

CEIC calculates M2 Growth Rate from monthly M2. The Bank of Botswana provides M2 in local currency.


Further information about Botswana M2 Growth

  • In the latest reports, Botswana Foreign Exchange Reserves was measured at 5.2 USD bn in Apr 2021
  • The Foreign Exchange Reserves equaled 7.2 Months of Import in Sep 2025
  • Botswana Domestic Credit reached 8.8 USD bn in Sep 2025, representing an increased of 9.6 % YoY
  • The country's Non Performing Loans Ratio stood at 3.2 % in Dec 2025, compared with the ratio of 3.2 % in the previous quarter
  • Household Debt of Botswana reached 4.4 USD bn in Dec 2025, accounting for 21.6 % of the country's Nominal GDP

View Botswana's M2 Growth from Jan 2002 to Nov 2025 in the chart:

Botswana M2 Growth

What was Botswana's M2 Growth in Nov 2025?

Botswana Money Supply M2 increased 0.8 % YoY in Nov 2025, compared with a drop of -3.0 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.8 Nov 2025 -3.0 Oct 2025 -6.7 Nov 2009 71.5 Feb 2007 % monthly Jan 2002 - Nov 2025

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 13.5 Feb 2026 monthly Dec 1994 - Feb 2026
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 33.6 Feb 2026 monthly Jan 1991 - Feb 2026
Armenia (%) 22.0 Dec 2025 monthly Jan 2003 - Dec 2025
Australia (%) 7.7 Feb 2026 monthly Mar 1966 - Feb 2026
Austria (%) 3.1 Feb 2026 monthly Sep 1998 - Feb 2026
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 6.2 Feb 2026 monthly Dec 1975 - Feb 2026
Bangladesh (%) 10.5 Feb 2026 monthly Jun 1987 - Feb 2026
Belarus (%) 25.8 Mar 2026 monthly Dec 1990 - Mar 2026
Belgium (%) 2.4 Feb 2026 monthly Dec 1997 - Feb 2026
Bolivia (%) 15.5 Jan 2026 monthly Dec 1988 - Jan 2026
Bosnia and Herzegovina (%) 10.4 Feb 2026 monthly Aug 1998 - Feb 2026
Botswana (%) 0.8 Nov 2025 monthly Jan 2002 - Nov 2025
Brazil (%) 9.7 Feb 2026 monthly Jan 1971 - Feb 2026
Bulgaria (%) 18.5 Feb 2026 monthly Dec 1996 - Feb 2026
Cambodia (%) 12.2 Jan 2026 monthly Jan 1996 - Jan 2026
Canada (%) 3.7 Feb 2026 monthly Jan 1969 - Feb 2026
Chile (%) 4.8 Mar 2026 monthly Jan 1987 - Mar 2026
China (%) 8.5 Mar 2026 monthly Mar 1997 - Mar 2026
Colombia (%) 12.6 Mar 2026 monthly Dec 1980 - Mar 2026
Croatia (%) 6.6 Feb 2026 monthly Jun 1995 - Feb 2026
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 4.3 Feb 2026 monthly Jan 2003 - Feb 2026
Denmark (%) 4.2 Feb 2026 monthly Jan 1992 - Feb 2026
Ecuador (%) 11.8 Feb 2026 monthly Dec 2007 - Feb 2026
Egypt (%) 16.9 Feb 2026 monthly Jan 1997 - Feb 2026
Estonia (%) 3.3 Feb 2026 monthly Jan 2012 - Feb 2026
European Union (%) 4.0 Feb 2026 monthly Jan 1981 - Feb 2026
Finland (%) 4.5 Feb 2026 monthly Jan 1981 - Feb 2026
France (%) 1.3 Feb 2026 monthly Dec 1978 - Feb 2026
Georgia (%) 27.7 Feb 2026 monthly Oct 1996 - Feb 2026
Germany (%) 3.5 Feb 2026 monthly Jan 1970 - Feb 2026
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 4.5 Jan 2026 monthly Jan 2002 - Jan 2026
Hong Kong SAR, China (%) 9.8 Feb 2026 monthly Dec 1981 - Feb 2026
Hungary (%) 6.5 Feb 2026 monthly Jan 1999 - Feb 2026
Iceland (%) 5.9 Feb 2026 monthly Sep 1987 - Feb 2026
India (%) 16.6 Jan 2026 monthly Mar 1995 - Jan 2026
Indonesia (%) 8.7 Feb 2026 monthly Feb 1969 - Feb 2026
Iran (%) 36.8 Sep 2025 monthly Dec 2000 - Sep 2025
Ireland (%) 4.6 Feb 2026 monthly Jan 2000 - Feb 2026
Israel (%) 6.2 Dec 2025 monthly Apr 1982 - Dec 2025
Italy (%) 3.9 Feb 2026 monthly Dec 1975 - Feb 2026
Ivory Coast (%) 22.3 Jan 2026 monthly Jan 2005 - Jan 2026
Japan (%) 2.0 Mar 2026 monthly Jan 1968 - Mar 2026
Jordan (%) 6.1 Feb 2026 monthly Jan 1991 - Feb 2026
Kazakhstan (%) 16.6 Mar 2026 monthly Dec 1994 - Mar 2026
Kenya (%) 12.0 Jan 2026 monthly Dec 1996 - Jan 2026
South Korea (%) 4.7 Feb 2026 monthly Jan 1971 - Feb 2026
Kosovo (%) 12.4 2024 yearly 2002 - 2024
Kuwait (%) 3.5 Feb 2026 monthly Jan 1995 - Feb 2026
Kyrgyzstan (%) 50.1 Jan 2026 monthly Jan 1995 - Jan 2026
Laos (%) 19.1 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 8.3 Feb 2026 monthly Jan 2015 - Feb 2026
Lebanon (%) 34.4 Nov 2025 monthly Dec 1980 - Nov 2025
Lithuania (%) 9.9 Feb 2026 monthly Dec 1994 - Feb 2026
Luxembourg (%) 3.1 Feb 2026 monthly Jan 2000 - Feb 2026
Macau SAR, China (%) 7.9 Feb 2026 monthly Jun 1985 - Feb 2026
North Macedonia (%) 11.1 Feb 2026 monthly Jan 2004 - Feb 2026
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 4.5 Feb 2026 monthly Dec 1970 - Feb 2026
Malta (%) 6.3 Feb 2026 monthly Jan 2009 - Feb 2026
Mauritius (%) 7.1 Feb 2026 monthly Jul 1977 - Feb 2026
Mexico (%) 6.2 Feb 2026 monthly Dec 1986 - Feb 2026
Moldova (%) 13.4 Feb 2026 monthly Jan 2001 - Feb 2026
Mongolia (%) 17.0 Feb 2026 monthly Dec 1997 - Feb 2026
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 11.4 Feb 2026 monthly Jan 1986 - Feb 2026
Mozambique (%) 7.5 Feb 2026 monthly Dec 2002 - Feb 2026
Myanmar (%) 32.1 Sep 2025 quarterly Dec 2002 - Sep 2025
Nepal (%) 14.5 Mar 2026 monthly Jan 2002 - Mar 2026
Netherlands (%) 4.2 Feb 2026 monthly Dec 1957 - Feb 2026
New Zealand (%) 4.2 Feb 2026 monthly Mar 1989 - Feb 2026
Nigeria (%) 11.2 Feb 2026 monthly Apr 1991 - Feb 2026
Norway (%) 7.9 Feb 2026 monthly Dec 1993 - Feb 2026
Oman (%) 6.4 Nov 2025 monthly Jan 2000 - Nov 2025
Pakistan (%) 17.2 Feb 2026 monthly Jan 1989 - Feb 2026
Palestinian Territory (%) 13.7 Feb 2026 monthly Jul 2003 - Feb 2026
Panama (%) 6.7 Feb 2026 monthly Dec 2003 - Feb 2026
Paraguay (%) 13.4 Feb 2026 monthly Dec 1989 - Feb 2026
Peru (%) 10.8 Feb 2026 monthly Jan 1993 - Feb 2026
Philippines (%) 10.3 Feb 2026 monthly Dec 1989 - Feb 2026
Poland (%) 10.5 Feb 2026 monthly Dec 1997 - Feb 2026
Portugal (%) 5.6 Feb 2026 monthly Dec 1980 - Feb 2026
Qatar (%) 3.2 Feb 2026 monthly Jan 1983 - Feb 2026
Romania (%) 7.1 Feb 2026 monthly Dec 2002 - Feb 2026
Russia (%) 11.4 Feb 2026 monthly Dec 1992 - Feb 2026
Saudi Arabia (%) 7.1 Feb 2026 monthly Jan 1994 - Feb 2026
Serbia (%) 8.8 Feb 2026 monthly Aug 2002 - Feb 2026
Singapore (%) 6.2 Feb 2026 monthly Mar 2005 - Feb 2026
Slovakia (%) 6.3 Feb 2026 monthly Dec 2001 - Feb 2026
Slovenia (%) 6.7 Feb 2026 monthly Jan 2008 - Feb 2026
South Africa (%) 7.9 Feb 2026 monthly Mar 1966 - Feb 2026
Spain (%) 5.6 Feb 2026 monthly Jan 1963 - Feb 2026
Sri Lanka (%) 12.1 Feb 2026 monthly Jan 1995 - Feb 2026
Sudan (%) 96.5 Feb 2026 monthly Dec 2004 - Feb 2026
Sweden (%) 4.6 Feb 2026 monthly Jan 1999 - Feb 2026
Switzerland (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025

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Botswana Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 Dec 2025 quarterly Mar 2004 - Dec 2025
Consolidated Fiscal Balance (USD mn) -290.197 Dec 2025 monthly Apr 2007 - Dec 2025
Tax Revenue (USD mn) 227.862 Dec 2025 monthly Apr 2007 - Dec 2025
Tax Revenue: % of GDP (%) 23.2 Dec 2025 quarterly Jun 2007 - Dec 2025
National Government Debt (USD mn) 4,996.3 2025 yearly 2002 - 2025
Government Debt: % of GDP (%) 30.2 Dec 2025 quarterly Jun 2014 - Dec 2025
Forecast: Government Expenditure (BWP bn) 157.475 2032 yearly 1981 - 2032
Forecast: Government Net Debt (BWP bn) 281.503 2032 yearly 1999 - 2032
Forecast: Government Revenue (BWP bn) 124.857 2032 yearly 2000 - 2032
Government Budget: Revenue (BWP mn) 3,104.395 Dec 2025 monthly Apr 2007 - Dec 2025
Government Budget: Expenditure: Net Lending (BWP mn) 0.000 Dec 2025 monthly Apr 2007 - Dec 2025
Government Budget: Revenue: Tax (BWP mn) 3,001.945 Dec 2025 monthly Apr 2007 - Dec 2025
Government Budget: Expenditure: Recurrent (BWP mn) 5,492.482 Dec 2025 monthly Apr 2007 - Dec 2025
Government Budget: Expenditure (BWP mn) 6,927.572 Dec 2025 monthly Apr 2007 - Dec 2025
Government Budget: Surplus/Deficit (BWP mn) -3,823.177 Dec 2025 monthly Apr 2007 - Dec 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.332 2028 yearly 1980 - 2028
Trade Balance (USD mn) -153.9 Jan 2026 monthly Jan 2001 - Jan 2026
Total Exports (USD mn) 349.9 Jan 2026 monthly Jan 2003 - Jan 2026
Total Exports Growth (%) 43.2 Jan 2026 monthly Jan 2004 - Jan 2026
Aluminum: Exports (USD th) 111.340 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 1,602.753 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 7,208.451 2024 yearly 1995 - 2024
Total Imports (USD mn) 503.8 Jan 2026 monthly Jan 2003 - Jan 2026
Total Imports Growth (%) -7.6 Jan 2026 monthly Jan 2004 - Jan 2026
Imports: Medicament (USD th) 103,410.185 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 19,726.353 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1.449 Dec 2025 monthly Feb 2019 - Dec 2025
Total Imports from USA (USD mn) 7.710 Jan 2026 monthly Jan 2000 - Jan 2026
Total Exports to China (USD mn) 50.512 Jan 2026 monthly Apr 2006 - Jan 2026
Total Imports from China (USD mn) 38.058 Jan 2026 monthly Jan 2000 - Jan 2026
Exports: Copper and Nickel (BWP mn) 1,205.843 Jan 2026 monthly Jan 2003 - Jan 2026
Exports: Meat and Meat Products (BWP mn) 52.506 Jan 2026 monthly Jan 2003 - Jan 2026
Exports: Diamonds (BWP mn) 2,624.622 Jan 2026 monthly Jan 2003 - Jan 2026
Exports: Machinery and Electric Equipment (BWP mn) 252.430 Jan 2026 monthly Jan 2003 - Jan 2026
Exports: Vehicles and Transport Equipment (BWP mn) 58.389 Jan 2026 monthly Jan 2003 - Jan 2026
Exports: Iron Steels and Related Products (BWP mn) 23.193 Jan 2026 monthly Jan 2003 - Jan 2026
Exports: Asia: Israel (BWP mn) 65.479 Jan 2026 monthly Apr 2006 - Jan 2026
Exports: Africa: SACU: South Africa (BWP mn) 588.421 Jan 2026 monthly Apr 2006 - Jan 2026
Exports: EU: Belgium (BWP mn) 218.884 Jan 2026 monthly Apr 2006 - Jan 2026
Imports: Machinery and Electric Equipment (BWP mn) 1,112.133 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Food, Beverages and Tobacco (BWP mn) 1,266.083 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Fuel (BWP mn) 1,590.373 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Chemicals and Rubber Products (BWP mn) 781.844 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Diamonds (BWP mn) 445.223 Jan 2026 monthly Jan 2005 - Jan 2026
Imports: Metals and Metal Products (BWP mn) 256.487 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Vehicles and Transport Equipment (BWP mn) 467.094 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Africa: SADC: SACU: Namibia (BWP mn) 305.839 Jan 2026 monthly Apr 2006 - Jan 2026
Imports: Africa: SADC: SACU: South Africa (BWP mn) 3,907.607 Jan 2026 monthly Apr 2006 - Jan 2026
Foreign Trade: Exports: Re-Exports (BWP mn) 0.788 Jan 2026 monthly Jan 2005 - Jan 2026
Foreign Trade: Exports (BWP mn) 4,532.427 Jan 2026 monthly Jan 2003 - Jan 2026
Foreign Trade: Imports (BWP mn) 6,525.187 Jan 2026 monthly Jan 2003 - Jan 2026
Foreign Trade Balance (BWP mn) -1,992.760 Jan 2026 monthly Jan 2003 - Jan 2026
Export Value Index (2015=100) 91.200 2023 yearly 1980 - 2023
Export Volume Index (2015=100) 86.200 2023 yearly 1980 - 2023
Import Volume Index (2015=100) 69.700 2023 yearly 1980 - 2023
Import Value Index (2015=100) 89.900 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1.1 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance (USD mn) 495.2 Jun 2025 quarterly Mar 2004 - Jun 2025
Current Account Balance: % of GDP (%) 3.3 Sep 2025 quarterly Mar 2004 - Sep 2025
Foreign Direct Investment (USD mn) 102.4 Sep 2025 quarterly Mar 2004 - Sep 2025
Foreign Direct Investment: % of GDP (%) 2.0 Sep 2025 quarterly Mar 2004 - Sep 2025
Foreign Portfolio Investment (USD mn) 0.952 Sep 2025 quarterly Mar 2004 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 0.0 Sep 2025 quarterly Mar 2004 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 34.2 2024 yearly 1975 - 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 0.000 2024 yearly 1975 - 2024
External Debt (USD mn) 1,498.8 2025 yearly 1994 - 2025
External Debt: % of GDP (%) 7.8 2025 yearly 1995 - 2025
External Debt: Short Term (USD mn) 144.7 2024 yearly 1973 - 2024
External Debt: Short Term: % of GDP (%) 0.8 2024 yearly 1994 - 2024
Forecast: Current Account Balance (USD bn) -0.814 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 3,862.226 2024 yearly 1996 - 2024
BW: BOP: Net Errors and Omissions (USD mn) -211.979 2024 yearly 1975 - 2024
BW: BOP: Current Account: Personal Remittances: Paid (USD mn) 117.708 2024 yearly 1975 - 2024
BW: BOP: Current Account: Personal Remittances: Received (USD mn) 128.299 2024 yearly 1975 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.2 Dec 2025 quarterly Dec 2002 - Dec 2025
Household Debt: % of GDP (%) 21.3 Dec 2025 quarterly Dec 2002 - Dec 2025
Non-Performing Loans (USD mn) 219.430 Dec 2025 quarterly Mar 2001 - Dec 2025
Money Supply M1 (USD mn) 2,721.343 Nov 2025 monthly Dec 2000 - Nov 2025
Money Supply M2 (USD mn) 8,971.167 Nov 2025 monthly Jan 2001 - Nov 2025
M2 Growth (%) 0.8 Nov 2025 monthly Jan 2002 - Nov 2025
Reserve Requirement Ratio (%) 0.0 Mar 2026 monthly Feb 2006 - Mar 2026
Foreign Exchange Reserves (USD mn) 5,165.9 Apr 2021 monthly Jan 1992 - Apr 2021
Foreign Exchange Reserves: % of GDP (%) 19.402 Sep 2025 quarterly Jun 1994 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Total Deposits (USD mn) 8,597.751 Jan 2026 monthly Dec 2002 - Jan 2026
Total Deposits Growth (%) 2.2 Jan 2026 monthly Dec 2003 - Jan 2026
Domestic Credit (USD mn) 8,802.1 Sep 2025 monthly Dec 2004 - Sep 2025
Domestic Credit Growth (%) 9.6 Sep 2025 quarterly Dec 2005 - Sep 2025
Household Debt (USD mn) 4,441.1 Jan 2026 monthly Dec 2002 - Jan 2026
Total Loans (USD mn) 7,010.059 Jan 2026 monthly Dec 2002 - Jan 2026
Total Loans Growth (%) 2.54 Jan 2026 monthly Dec 2003 - Jan 2026
Private Debt: % of Nominal GDP (%) 31.36 Dec 2025 quarterly Dec 2002 - Dec 2025
Bank of Botswana: Foreign Exchange Reserves (USD th) 3,797,204.000 Nov 2025 monthly Jan 1992 - Nov 2025
Monetary Aggregates: M2 (BWP mn) 119,456.291 Nov 2025 monthly Jan 2001 - Nov 2025
Monetary Aggregates: M1 (BWP mn) 36,236.254 Nov 2025 monthly Dec 2004 - Nov 2025
Depository Corp Survey: Assets: Domestic Claims (BWP mn) 116,109.420 Nov 2025 monthly Dec 2004 - Nov 2025
Commercial Banks Deposits (BWP mn) 109,665.195 Jan 2026 monthly Dec 2002 - Jan 2026
Commercial Banks Loans and Advances: Arrears: Over 90 Days (BWP mn) 2,868.365 Dec 2025 quarterly Mar 2001 - Dec 2025
Commercial Banks Loans and Advances: Outstanding: Households: Property Purchase (BWP mn) 14,926.157 Jan 2026 monthly Dec 2002 - Jan 2026
Commercial Banks Loans and Advances: Outstanding (BWP mn) 89,414.014 Jan 2026 monthly Dec 2002 - Jan 2026
Commercial Banks Loans and Advances: Outstanding: Resident Business (BWP mn) 32,517.162 Jan 2026 monthly Dec 2002 - Jan 2026
Commercial Banks Loans and Advances: Outstanding: Households (BWP mn) 56,646.671 Jan 2026 monthly Dec 2002 - Jan 2026
Commercial Banks Loans and Advances: Outstanding: Resident Business: Government ... (BWP mn) 2,970.308 Jan 2026 monthly Dec 2002 - Jan 2026
Commercial Banks Loans and Advances: Outstanding: Resident Business: Finance (BWP mn) 2,599.529 Jan 2026 monthly Dec 2002 - Jan 2026

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