Economic Freedom of the World: 2011 Annual Report 43
Botswana Chain-Linked Summary Rating (Rank) Area 1. Size of Government
1980
1985
1990
1995
2000
2005
2008
2009
Rating (Rank)
Rating (Rank)
Rating (Rank)
Rating (Rank)
Rating (Rank)
Rating (Rank)
Rating (Rank)
Rating (Rank)
5.55 (51)
5.80 (41)
6.04 (43)
6.29 (54)
7.10 (35)
6.74 (66)
6.89 (54)
6.64 (68)
3.62 (90)
3.78 (91)
4.74 (82)
4.29 (100)
4.76 (96)
4.54 (110)
5.29 (100)
4.36 (111)
6.31 (33)
6.28 (39)
6.35 (41)
6.77 (36)
6.46 (46)
6.38 (43)
6.42 (41)
Area 2. Legal Structure and Security of Property Rights Area 3. Access to Sound Money
5.49 (81)
5.46 (90)
5.84 (76)
7.85 (43)
9.09 (37)
8.80 (50)
8.70 (50)
8.42 (63)
Area 4. Freedom to Trade Internationally
7.11 (22)
7.08 (21)
7.34 (23)
6.78 (53)
7.76 (32)
6.87 (56)
7.01 (56)
6.75 (54)
Area 5. Regulation of Credit, Labor, and Business
5.83 (35)
6.33 (23)
6.00 (39)
6.20 (40)
7.10 (18)
6.98 (42)
7.07 (36)
7.19 (31)
Unadjusted
Summary Rating (Rank)
1. Size of Government
5.66 (48)
5.91 (38)
6.04 (42)
6.29 (52)
7.10 (35)
6.93 (61)
7.09 (53)
6.83 (68)
Rating Data
Rating Data
Rating Data
Rating Data
Rating Data
Rating Data
Rating Data
Rating Data
3.62
3.78
4.74
4.29
4.76
4.50
5.29
4.36
A. Government consumption
3.68 (27.50)
0.97 (36.71)
1.63 (34.45)
0.00 (45.92)
0.00 (49.02)
0.00 (43.90)
1.01 (36.55)
1.27 (35.67)
B. Transfers and subsidies
8.80 (4.90)
8.15 (7.30)
8.34 (6.60)
8.17 (7.20)
8.04 (7.70)
7.20 (10.90)
7.16 (10.91)
7.16 (10.91)
C. Government enterprises and investment
2.00 (44.90)
4.00 (39.40)
6.00 (26.50)
2.00 (46.20)
2.00 (46.20)
2.00 (40.60)
4.00 (30.72)
0.00 (53.63)
D. Top marginal tax rate
0.00
2.00
3.00
7.00
9.00
9.00
9.00
9.00
0.00 (75)
2.00 (60)
3.00 (50)
7.00 (35)
9.00 (25)
9.00 (25)
9.00 (25)
9.00 (25)
3.00 (50)
7.00 (35)
9.00 (25)
9.00 (25)
9.00 (25)
9.00 (25)
6.28
6.35
6.77
6.90
6.83
6.86
7.20
7.23
7.00
6.45
6.76
6.60
5.90
5.94
6.40
7.17
7.17
(i) Top marginal income tax rate (ii) Top marginal income and payroll tax rates 2. Legal Structure and Security of Property Rights
6.31
A. Judicial independence B. Impartial courts C. Protection of property rights D. Military interference in rule of law and politics
8.29
10.00
10.00
10.00
10.00
E. Integrity of the legal system
6.96
6.67
6.70
5.83
5.83
F. Legal enforcement of contracts
3.30
3.59
4.05
G. Regulatory restrictions on sale of real property
8.20
8.05
8.05
3. Access to Sound Money
5.49
5.46
5.84
7.85
9.09
8.80
8.70
8.42
A. Money growth
9.32 (3.41)
9.91 (0.44)
8.00 (9.98)
9.98 (−0.09)
9.86 (0.72)
8.50 (−7.30)
8.93 (5.35)
8.83 (5.87)
B. Standard deviation of inflation
6.44 (8.90)
6.46 (8.86)
6.55 (8.62)
8.28 (4.30)
8.24 (4.40)
8.40 (4.01)
8.39 (4.01)
6.47 (8.82)
C. Inflation: most recent year
6.18 (19.08)
5.47 (22.67)
8.79 (6.03)
8.14 (9.31)
8.28 (8.60)
8.30 (8.61)
7.46 (12.70)
D. Freedom to own foreign currency bank accounts
0.00
0.00
0.00
5.00
10.00
10.00
10.00
10.00
7.19
7.16
7.34
6.78
7.76
6.90
7.00
6.75
4.79
7.03
6.29
4.18
6.84
6.30
6.53
6.57
(i) Revenues from trade taxes (% of trade sector)
1.47 (12.80)
5.27 (7.10)
5.60 (6.60)
5.25 (7.13)
5.96 (6.06)
6.00 (6.10)
5.96 (6.06)
5.96 (6.06)
(ii) Mean tariff rate
8.12 (9.40)
8.80 (6.00)
7.80 (11.00)
6.06 (19.70)
8.56 (7.20)
8.00 (9.90)
8.44 (7.80)
8.46 (7.70)
5.48 (11.30)
1.24 (21.90)
6.00 (10.00)
4.80 (13.00)
5.20 (12.01)
5.29 (11.78)
5.50
5.81
5.77
(i) Non-tariff trade barriers
6.30
6.53
6.27
(ii) Compliance cost of importing and exporting
4.70
5.09
5.26
4. Freedom to Trade Internationally A. Taxes on international trade
(iii) Standard deviation of tariff rates B. Regulatory trade barriers
C. Size of trade sector relative to expected
8.39 (8.03)
10.00
10.00
8.66
6.93
6.86
5.60
5.60
5.12
D. Black-market exchange rates
8.00
5.60
8.60
9.60
10.00
10.00
10.00
10.00
E. International capital market controls
5.00
5.00
5.00
5.00
6.92
6.90
7.06
6.27
6.90
7.20
7.15
(i) Foreign ownership / investment restrictions (ii) Capital controls 5. Regulation of Credit, Labor, and Business A. Credit market regulations
5.00
5.00
5.00
5.00
6.92
6.90
6.92
5.38
6.32
6.86
6.00
6.20
7.10
7.50
7.64
7.76
6.47
8.07
6.33
7.00
10.00
9.50
9.25
9.50
5.00
5.00
10.00
8.00
8.00
8.00
10.00
10.00
10.00
(i) Ownership of banks (ii) Foreign bank competition (iii) Private sector credit
8.95
8.14
10.00
10.00
10.00
10.00
10.00
10.00
(iv) Interest rate controls / negative real interest rates
4.00
8.00
4.00
6.00
10.00
10.00
9.00
10.00
7.10
7.01
7.21
10.00
10.00
10.00
(ii) Hiring and firing regulations
4.10
4.87
4.88
(iii) Centralized collective bargaining
6.70
5.54
6.14
10.00
10.00
10.00
B. Labor market regulations (i) Hiring regulations and minimum wage
(iv) Hours regulations (v) Mandated cost of worker dismissal
1.70
1.66
2.21
10.00
10.00
10.00
6.00
6.66
6.58
6.00
6.00
6.00
(ii) Administrative requirements
3.60
4.33
4.31
(iii) Bureaucracy costs
3.40
5.36
5.15
(iv) Starting a business
6.60
8.02
8.02
(v) Extra payments / bribes / favoritism
6.90
6.72
6.59
(vi) Licensing restrictions
7.40
7.75
7.72
(vii) Cost of tax compliance
8.40
8.43
8.30
(vi) Conscription
10.00
10.00
10.00
10.00
10.00
6.00
6.00
6.00
C. Business regulations (i) Price controls