Economy of Swaziland
Population: 1.14 M (2018)
GDP per Capita: 4,146 USD (2018)
4,710 M.

GDP USD

(2018)

Display Chart
1,910 M.

EXPORTS USD

(2018)

Display Chart
2,070 M.

IMPORTS USD

(2018)

Display Chart
40.86 %

PUBLIC DEBT

(2019)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.35 % (2018)
GDP of 2010 USD USD 5.40 B. (2018)
GDP Current USD USD 4.71 B. (2018)
GDP per Capita Current USD USD 4,146 (2018)
GDP per capita, PPP USD 9,439 (2018)
GDP per Capita, 2010 USD USD 4,774 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 22.80 % (2018)
Government Spending USD 1.07 B. (2018)
Government Debt % GDP 40.86 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 101.53 (2018)
Trade Openness 84.41 % (2018)
Exports of Goods and Services % GDP 40.50 % (2018)
Exports Goods & Services USD 1.91 B. (2018)
Exports Annual Growth 10.91 % (2018)
Imports as % GDP 43.91 % (2018)
Total Imports USD 2.07 B. (2018)
Foreign Direct Investment % GDP 0.66 % (2018)
Foreign Direct Investment USD 0.03 B. (2018)
Current Account Balance % GDP USD 1.92 % (2018)
Current Account Balance USD 0.09 B. (2018)
Trade Balance % GDP -3.41 % (2018)
Trade Balance USD -0.17 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.44 B. (2018)
Remittances % GDP 3.30 % (2018)
Remittances USD 89 M. (2018)
Balance of Payments USD 309 M. (2012)

Labor Market

Indicator Value
Labor Force 0.38 M. (2019)
Unemployment Rate 22.85 % (2019)
Unemployment Rate Females 23.66 % (2019)
Unemployment Rate Males 20.63 % (2019)
Youth Unemployment (ages 15-24) 45.80 % (2019)
Labor Force Participation Rate 53.24 % (2019)
Labor Force (Percent Female) 47.77 % (2019)
Female Labor Force Participation Rate 41.64 % (2019)
Male Labor Force Participation Rate 66.15 % (2019)
Dependent People 72.79 % (2018)

Agriculture Sector

Indicator Value
Forest Area 34.30 % (2016)
Forest Area km² 5,906 km² (2016)
Agricultural Land 71.05 % (2016)
Agricultural Land km² 12,220 km² (2016)
Employment 12.98 % (2019)
Value added % GDP 8.59 % (2018)
Agriculture Value added USD 0.40 B. (2018)
Crop Production Index 112.90 (2016)
Precipitation 788 mm (2014)
Arable Land 10 % (2016)
Cereal Yield 1,137 kg/hectare (2017)
Food production index 114 (2016)
Rural Population 76 % (2018)
Fertilizer use of Arable Land 114 (2016)
Livestock Production Index 115 (2016)
Economy of Swaziland

According to the World Bank and its latest published data, the economy of the Swaziland presents a growth rate of 2.35 % (2018) to the previous year.

With a population that reaches 1.14 M (2018) and a gross domestic product of USD 4.71 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,146 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Swaziland also has a workforce of 0.38 M. (2019) with an unemployment rate of 22.85 % (2019), where women represent 23.66 % (2019) and men 20.63 % (2019), the unemployment rate for young people between 15-24 years old stood at 45.80 % (2019). The total number of dependent people stands at 72.79 % (2018).

The central government spent 22.80 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.07 B. (2018). Its consolidated public debt reached 40.86 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Swaziland exported USD 1.91 B. (2018), which represents 40.50 % (2018) of its gross domestic product, in that same sense its imports reached USD 2.07 B. (2018) with a direct foreign investment of USD 0.03 B. (2018).

Swaziland has a forest area of 5,906 km² (2016), which represents 34.30 % (2016) of its total area, an average rainfall of 788 mm (2014) per year and a population of 76 % (2018) living in rural areas. With a total area of 12,220 km² (2016) available for agriculture and 12.98 % (2019) of its employments, the agricultural sector contributes to the economy of the Swaziland about USD 0.40 B. (2018) (8.59 % (2018) of its GDP).