Eswatini

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Eswatini - In Short.

Overview of Eswatini

Autonomy for Eswatini was guaranteed by the British in the late 19th century; independence was granted in 1968. A new constitution came into effect in 2006, which included provisions for a more independent parliament and judiciary, but the legal status of political parties remains unclear. King MSWATI III renamed the country from Swaziland to Eswatini in April 2018. Despite its classification as a lower-middle income country, Eswatini suffers from severe poverty and high unemployment. Eswatini has the world’s highest HIV/AIDS prevalence rate, although recent years have shown marked declines in new infections.        
Value
Country Full Name
Eswatini
Country Code
SWZ
Region
Sub-Saharan Africa
Income Group
Lower middle income
Currency Unit
GDP
3972728948
Population
1160164
Land Area
17200
Net National Income Per Capita
2524.121681
GDP per Capita (PPP)
8865.740219

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Eswatini - Economic

Economy of Eswatini

A small, landlocked kingdom, Eswatini is bordered in the north, west and south by the Republic of South Africa and by Mozambique in the east. Eswatini depends on South Africa for a majority of its exports and imports. Eswatini’s currency is pegged to the South African rand, effectively relinquishing Eswatini’s monetary policy to South Africa. The government is dependent on customs duties from the Southern African Customs Union (SACU) for almost half of its revenue. Eswatini is a lower middle income country. As of 2017, more than one-quarter of the adult population was infected by HIV/AIDS; Eswatini has the world’s highest HIV prevalence rate, a financial strain and source of economic instability.The manufacturing sector diversified in the 1980s and 1990s, but manufacturing has grown little in the last decade. Sugar and soft drink concentrate are the largest foreign exchange earners, although a drought in 2015-16 decreased sugar production and exports. Overgrazing, soil depletion, drought, and floods are persistent problems. Mining has declined in importance in recent years. Coal, gold, diamond, and quarry stone mines are small scale, and the only iron ore mine closed in 2014. With an estimated 28% unemployment rate, Eswatini’s need to increase the number and size of small and medium enterprises and to attract foreign direct investment is acute.Eswatini’s national development strategy, which expires in 2022, prioritizes increases in infrastructure, agriculture production, and economic diversification, while aiming to reduce poverty and government spending. Eswatini’s revenue from SACU receipts are likely to continue to decline as South Africa pushes for a new distribution scheme, making it harder for the government to maintain fiscal balance without introducing new sources of revenue.

Unemployment Rate

Inflation Rate

Eswatini - GDP Composition

GDP Composiiton & Value Added of Eswatini

Last Updated: Jan, 2021, Updated For 2020.

Eswatini - GDP, Value Added

Demographics of Eswatini

because of its mountainous terrain, the population distribution is uneven throughout the country, concentrating primarily in valleys and plains as shown in this population distribution map
Geographic Location

Southern Africa, between Mozambique and South Africa

Races

predominantly Swazi; smaller populations of other African ethnic groups, including the Zulu, as well as people of European ancestry

Languages

English (official, used for government business), siSwati (official)

Religion

Christian 90% (Zionist - a blend of Christianity and indigenous ancestral worship - 40%, Roman Catholic 20%, other 30% - includes Anglican, Methodist, Church of Jesus Christ, Jehovah's Witness), Muslim 2%, other 8% (includes Baha'i, Buddhist, Hindu, indigenous, Jewish) (2015 est.)

Dependency & Expectancy of Eswatini

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Eswatini - Social Media Briefing

Eswatini - Social Media & Social Commerce

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Politics & Policies of Eswatini

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ACP, AfDB, AU, C, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (correspondent), ITSO, ITU, ITUC (NGOs), MIGA, NAM, OPCW, PCA, SACU, SADC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO

Import of Eswatini

Export of Eswatini

Import Destination

Export Destination