Eswatini: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data Unavailable |
| Economic Trivia | Eswatini sends 60% of its exports and receives 90% of its imports from South Africa. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): South Africa, China, and Kenya |
| Top Industries Source: CIA World Factbook | Coal; Wood Pulp; Sugar; Soft Drink Concentrates |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $12,956,587,840 (2022) |
| GDP Growth Rate (annual %) | 3.915% (2022) |
| GDP Per Capita, PPP (current international) | $10,782 (2022) |
GDP Country Rank 158/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.598% (2019) |
| External debt stocks, total (DOD, current US$) | $1,130,356,584 (2021) |
| Total tax rate (% of commercial profits) | 35.8% (2019) |
| Real Interest Rate (5 year average %) | -0.345% (2022) |
| Manufacturing, value added (% of GDP) | 26.632% (2021) |
| Current Account Balance (BoP, current US$) | $124,463,319 (2021) |
Labor and Employment [1]
| Labor Force, Total | 396,163 (2022) |
| Employment in Agriculture (% of total employment) | 12.409% (2021) |
| Employment in Industry (% of total employment) | 24.481% (2021) |
| Employment in Services (% of total employment) | 63.11% (2021) |
| Unemployment Rate | 24.389% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $2,177,890,774 (2021) |
| Exports of goods and services (current US$) | $2,137,033,443 (2021) |
| Total Merchandise Trade (% of GDP) | 84.051% (2022) |
| FDI, net inflows (BoP, current US$) | $13,350,248 (2022) |
| Commercial Service Exports (current US$) | $67,514,229 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Eswatini’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.