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Eswatini

Headline economic indicators for Eswatini, with the most recent official readings.

Prices

Prices — Eswatini
Indicator Value Change
Inflation rate · 2.6% -2.22 (-46.0%)
Consumer price index · 166.8 +4.22 (+2.6%)
GDP deflator inflation · -0.4% -1.75 (-134.7%)

GDP

GDP — Eswatini
Indicator Value Change
GDP growth rate · 4.2% +1.16 (+38.3%)
GDP per capita · 4,108.25 +198.69 (+5.1%)
GDP per capita, long-run history · 8,522 -203.27 (-2.3%)
GDP · 5,160,679,612.82 +301,793,772 (+6.2%)
GDP, PPP · 15,738,955,351 +1,045,118,936 (+7.1%)
GDP per capita, PPP · 12,529 +706.32 (+6.0%)
GDP per capita growth · 3.1% +1.08 (+53.5%)
GNI per capita · 3,730 +290.00 (+8.4%)
Agriculture to GDP · 6.4% -0.07 (-1.1%)
Industry to GDP · 33.6% -1.16 (-3.3%)
Manufacturing to GDP · 28.1% -1.06 (-3.6%)
Services to GDP · 52.4% +1.07 (+2.1%)
Household consumption to GDP · 63.5% +1.01 (+1.6%)
Gross capital formation to GDP · 15.0% -5.86 (-28.1%)
Gross savings to GDP · 18.2% -6.08 (-25.1%)

Labour

Labour — Eswatini
Indicator Value Change
Unemployment rate · 34.2% -0.44 (-1.3%)
Labour force participation rate · 51.2% -0.01 (-0.0%)
Female labour force participation rate · 48.5% +0.10 (+0.2%)
Youth unemployment rate · 54.3% -0.04 (-0.1%)
Employment to population ratio · 33.7% +0.22 (+0.7%)
Employment in agriculture · 14.5% -0.36 (-2.4%)
Employment in industry · 26.7% +0.65 (+2.5%)
Employment in services · 58.7% -0.29 (-0.5%)

Money

Money — Eswatini
Indicator Value Change
Real interest rate · 9.5% +4.95 (+109.8%)
Broad money to GDP · 28.4% -1.55 (-5.2%)
Private sector credit to GDP · 23.1% +1.45 (+6.7%)
Lending rate · 10.9% +0.04 (+0.4%)
Bank deposit rate · 3.9% -0.54 (-12.1%)
Stock market capitalization to GDP · 6.9% +0.77 (+12.5%)
Bank nonperforming loans · 6.7% -0.85 (-11.2%)
Official exchange rate · 17.89 -0.43 (-2.3%)

Trade

Trade — Eswatini
Indicator Value Change
Current account to GDP · 2.4% +0.29 (+14.1%)
Exports to GDP · 53.8% +5.25 (+10.8%)
Imports to GDP · 53.7% +2.50 (+4.9%)
Trade to GDP · 107.5% +7.76 (+7.8%)
Exports of goods and services · 2,611,937,418.74 +370,612,413 (+16.5%)
Imports of goods and services · 2,610,423,259.22 +243,283,252 (+10.3%)
Trade balance, goods and services (annual) · -139,850,859.52 -86,999,547 (-164.6%)
Current account balance (annual) · 122,682,852.76 +21,488,631 (+21.2%)
Foreign direct investment to GDP · 1.0% -1.76 (-63.1%)
Remittances received to GDP · 0.7% +0.06 (+9.2%)
Total reserves, including gold · 536,572,585.91 +57,311,535 (+12.0%)
Reserves in months of imports · 1.9 -0.15 (-7.2%)
External debt to GNI · 27.8% -0.84 (-2.9%)

Government

Government — Eswatini
Indicator Value Change
Government debt to GDP · 35.7% -2.63 (-6.9%)
Government revenue to GDP · 25.1% -2.19 (-8.0%)
Government expense to GDP · 24.6% -1.45 (-5.6%)
Tax revenue to GDP · 24.3% -2.74 (-10.1%)
Government budget balance to GDP · -4.6% +1.88 (+28.9%)
Government consumption to GDP · 21.5% +2.09 (+10.8%)
Education spending to GDP · 6.0% +1.03 (+20.5%)
Health spending to GDP · 7.5% +0.25 (+3.5%)

Demography

Demography — Eswatini
Indicator Value Change
Population · 1,256,174 +13,352 (+1.1%)
Population, long-run history · 1,126 +8.81 (+0.8%)
Population growth · 1.1% +0.07 (+7.3%)
Life expectancy · 64.3 +0.14 (+0.2%)
Fertility rate · 2.72 -0.04 (-1.3%)
Birth rate · 23.6 -0.43 (-1.8%)
Death rate · 7.7 +0.03 (+0.4%)
Urban population share · 26.7% +0.47 (+1.8%)
Population aged 65 and over · 4.3% +0.08 (+2.0%)
Under-five mortality rate · 45.1 -1.10 (-2.4%)
Population density · 72.3 +0.72 (+1.0%)
Net migration · -5,775 +979.00 (+14.5%)
Gini index · 54.6 +3.20 (+6.2%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Eswatini; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.