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Indicators of economy in Eswatini

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,232 USD per capita. GDP in Eswatini, on the other hand, reached USD 3,978 per capita, or 4.74 billion USD for the whole country. Eswatini is currently at number 165 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Eswatini ranks 122nd in the list of the richest countries.

Inflation in Eswatini in 2019 was around 2.60%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

The index for perceived corruption in the public sector is 30, which is rather poor by global standards.


Back to overview: Eswatini

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in Eswatini. Overall, gross domestic product in 2020 fell from 4.50 billion US dollars to 3.98 billion US dollars. With a large drop of 11.41 percent, the economy in Eswatini has struggled significantly more than other countries. The tourism sector alone slumped by around 49 percent. The unemployment rate rose from 22.8 to 25.1 percent.

In 2021, there was already a recovery and the gross domestic product increased to 4.74 billion US dollars (=105.5% of 2019).

Income and purchasing power

The average monthly income in Eswatini is 304 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 57.3 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Eswatini than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 88.0 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Eswatini
Total		Eswatini
per capita		EU
Total		EU
per capita
GDP4.74 bn USD3,978.40 USD17.177 tn USD33,384.92 USD
Gross national product4.35 bn USD3,652.43 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1960 - 2021


› Debt budget development
› Development of inflation
› Corruption in Eswatini
› Cost of living in a global comparison

Imports and Exports 2021

 Eswatini
Total		Eswatini
per capita		EU
Total		EU
per capita
Imports1.70 bn USD1,422.02 USD8.916 tn USD17,329.02 USD
Exports1.81 bn USD1,516.28 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1974 - 2021

Exports
Imports



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