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COUNTRY OUTLOOK / SZ

Eswatini

Unverified rate framework · ISO:SZ

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Missing or stale rateTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalMbabane
RegionSub-Saharan Africa
Income groupLower middle income
CurrencySwazi lilangeni
GDP$5.16B2025 · current US$
Real GDP growth4.19%2025 · annual %
Population1.26M2025 · people
GDP per capita$4,108.252025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Eswatini's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:SZ
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

4.19% · 2025 · annual %

Real GDP growth · annual %-2.95%1.74%6.43%2014: 2.05738179246586 annual %2015: 1.70425806017289 annual %2016: 2.94916821059911 annual %2017: 3.52095345987983 annual %2018: 0.0653956557843571 annual %2019: 6.43186888691574 annual %2020: -2.95183453409287 annual %2021: 4.23621913615419 annual %2022: 0.386070835562705 annual %2023: 3.53257662836211 annual %2024: 3.03162462475916 annual %2025: 4.1939175580556 annual %20142025
View annual observations
YearValue (annual %)
20254.194
20243.032
20233.533
20220.386
20214.236
2020-2.952
20196.432
20180.065
20173.521
20162.949
20151.704
20142.057
World Bank source & definition ↗

Economy

GDP$5.16B2025 · current US$Source & definition ↗
Real GDP growth4.19%2025 · annual %Source & definition ↗
GDP per capita$4,108.252025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 15.74B2025 · current international $Source & definition ↗

People

Population1.26M2025 · peopleSource & definition ↗
Population growth1.07%2025 · annual %Source & definition ↗
Urban population26.72%2025 · % of populationSource & definition ↗
Life expectancy64.262024 · yearsSource & definition ↗
Unemployment · ILO estimate34.20%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+51.19%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing6.41%2025 · % of GDPSource & definition ↗
Industry including construction33.58%2025 · % of GDPSource & definition ↗
Services52.43%2025 · % of GDPSource & definition ↗
Manufacturing28.06%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services53.76%2024 · % of GDPSource & definition ↗
Imports of goods & services53.72%2024 · % of GDPSource & definition ↗
Current account balance1.61%2024 · % of GDPSource & definition ↗
Foreign direct investment · net inflows1.55%2024 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation2.60%2019 · annual %Source & definition ↗
Central government debt35.72%2021 · % of GDPSource & definition ↗
Tax revenue24.35%2021 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector23.08%2025 · % of GDPSource & definition ↗
Total reserves including gold$536.57M2024 · current US$Source & definition ↗

Infrastructure

Internet use63.40%2024 · % of populationSource & definition ↗
Access to electricity89.30%2024 · % of populationSource & definition ↗

Geography

Surface area17,3602023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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