BWP is the Botswana Pula, the official currency of Botswana. The Pula is subdivided into 100 thebe and is pegged to the South African Rand.
Is Botswana rich or poor?
Botswana is a middle-income country. While its economy has grown rapidly in recent years, Botswana still faces significant development challenges. Over two-thirds of the population lives in poverty, and unemployment remains high. Botswana also has one of the world's highest rates of HIV/AIDS. What is Botswana known for? Botswana is known for its large deposits of diamonds and its status as a stable democracy. It is also home to a number of unique wildlife species, including the African bush elephant and the black rhinoceros.
Is Botswana richer than India? Botswana is richer than India in terms of GDP per capita, but India is richer in terms of GDP. GDP per capita is a measure of the average wealth of each person in a country, while GDP is a measure of the total wealth of a country.
Botswana's GDP per capita is $13,856, while India's GDP per capita is $1,841. This means that, on average, each person in Botswana is around 7.5 times wealthier than each person in India.
However, India's GDP is $2.6 trillion, while Botswana's GDP is only $18.5 billion. This means that, in total, India is around 140 times wealthier than Botswana.
So, while Botswana is richer than India on a per person basis, India is richer than Botswana in terms of total GDP. Is Pula stronger than rand? Pula is the currency of Botswana. The rand is the currency of South Africa. Both currencies are used in neighboring countries and are pegged to the US dollar.
Pula is stronger than the rand, with an exchange rate of 10.5 Botswana pula to 1 US dollar. The rand has an exchange rate of 13.5 South African rand to 1 US dollar.
What kind of exchange regime does Botswana have?
Botswana has a floating exchange rate regime. This means that the value of the Botswana pula (BWP) is determined by market forces, and is not pegged to any other currency. The BWP is freely traded on the foreign exchange market, and its value is determined by supply and demand.