In Botswana’s growing suburbs, where new roofs shimmer against the Kalahari light, the hum of home construction tells a story about aspiration — and its cost.
By the end of 2024, Botswana’s households owed P68.6 billion, or 26 percent of GDP, according to the Bank of Botswana’s 2024/25 Household Indebtedness Survey.
At first glance, that might sound ominous. But in finance, it places Botswana near the lower end of the spectrum. South Africa’s household debt-to-GDP ratio stands at 33.7 percent, Mauritius' at 37.7 percent, and many developed economies exceed 50 percent.
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