March 29 (Reuters) - Botswana’s economy grew at a faster pace of 3 percent in the fourth quarter of 2018 after slowing 0.3 percent in the third quarter, data from the statistics office showed on Friday.
On a year-on-year basis, gross domestic product (GDP) grew 4.1 percent in the fourth quarter after expanding by 6.4 percent in the same period in 2017.
Statistics Botswana said mining, transport & communications and finance & business services were the major contributors.
Botswana’s economy is expected to expand at a slower pace in this year compared with 2018, Finance Minister Kenneth Matambo said last month.
Reporting by Noor Zainab Hussain in Bengaluru; Editing by James Emmanuel