Eswatini/Economy

Economy of Eswatini

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon
GDP (USD)
$4.4B(2023)
GDP PPP (USD)
$13.8B(2023)
GDP per Capita (USD)
$3,611(2023)
GDP Growth (inflation-adjusted)
5%(2023)
Inflation (CPI Annual %)
2.6%(2019)

Trade & Finance

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FDI Inflows (as share of GDP)
0.6%(2023)
Remittance Inflow (USD)
$79.9M(2023)
Tax Revenue (as share of GDP)
24.7%(2021)

Labor & Income

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Unemployment Rate
34.4%(2024)
Employment in Services
67.8%(2023)
Poverty Rate
58.9%(2016)
GINI Index
54.6(2016)
GNI per Capita (USD)
$3,690(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
959 kg oil eq.(2022)
Renewable Energy Consumption (%)
64.7%(2022)

Economic Snapshot Overview

A summary of key economic indicators for Eswatini

  • The economic architecture of Eswatini is substantial, anchored by a Gross Domestic Product (GDP) of approximately $4.44B
    2023
    . This places it as the 157th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $3.61K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $13.84B, reflecting the population's domestic purchasing power. The economy is experiencing robust expansion, with a high growth rate of 5.0%
    2023
    , accompanied by stable price levels, with inflation (CPI) at 2.6%
    2019
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. Foreign Direct Investment (FDI) inflows are significant, constituting 0.63% of the economy
    2023
    . This performance positions the country 135th globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $79.95M annually
    2023
    , highlighting the economic importance of its diaspora. Fiscal capacity is moderate, with tax revenue at 24.7% of GDP
    2021
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $3,690
    2023
    . Globally, this ranks the nation 128th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The country faces significant labor market challenges, with an unemployment rate of 34.4%
    2024
    . The services sector is a primary driver of the labor market, accounting for 67.8% of total employment
    2023
    . Poverty remains a key issue, with 58.9% of the population living below the national poverty line
    2016
    . Income inequality is a major concern, as reflected by a high Gini index of 54.6
    2016
    .
  • On the environment and energy front, energy consumption per capita is 958.917 kg of oil equivalent
    2022
    . The country is a leader in clean energy, with renewable sources making up 64.7% of total final energy consumption
    2022
    . Its commitment to clean energy places it 159th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

High levels of poverty and extreme income inequality pose fundamental challenges to development and social stability.

Energy & Sustainability

A strong commitment to renewable energy positions the country as a leader in the green transition, potentially creating new economic advantages.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.