GDP growth in 2021 according to World Bank: 11.36%
Following a decline of 8.7% in 2020 due to COVID-19 limitations, Botswana’s GDP increased by 11.36% in 2021. With the revival of the world diamond market, mining production increased. The production from industries other than mining also increased, notably in public administration and military, building, wholesale, and retail. As the negative effects of COVID-19 on net exports subsided and state spending increased because of the pandemic, aggregate demand increased in 2021.
GDP growth in 2021 according to World Bank: 31.37%
The economic recovery of Libya is gaining traction thanks to a significant rise in oil production in 2021. After a crippling contraction of 23.93% in 2020 due to a number of shocks, including political unrest, a drop in oil prices, and the rapid spread of COVID-19, the GDP of Libya has increased by a staggering 31.37% in 2021.
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