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.
$9.74 billion (2020 est.)
$9.9 billion (2019 est.)
$9.68 billion (2018 est.)
note: data are in 2017 dollars
1.6% (2017 est.)
1.4% (2016 est.)
0.4% (2015 est.)
$8,400 (2020 est.)
$8,600 (2019 est.)
$8,500 (2018 est.)
note: data are in 2017 dollars
$4.484 billion (2019 est.)
6.2% (2017 est.)
7.8% (2016 est.)
Moody's rating: B3 (2020)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 6.5% (2017 est.)
industry: 45% (2017 est.)
services: 48.6% (2017 est.)
household consumption: 64% (2017 est.)
government consumption: 21.3% (2017 est.)
investment in fixed capital: 13.4% (2017 est.)
investment in inventories: -0.1% (2017 est.)
exports of goods and services: 47.9% (2017 est.)
imports of goods and services: -46.3% (2017 est.)
sugar cane, maize, roots/tubers nes, grapefruit, oranges, milk, beef, potatoes, vegetables, bananas
soft drink concentrates, coal, forestry, sugar processing, textiles, and apparel
5.6% (2017 est.)
427,900 (2016 est.)
agriculture: 10.7%
industry: 30.4%
services: 58.9% (2014 est.)
28% (2014 est.)
28% (2013 est.)
total: 47.1%
male: 44.2%
female: 50% (2016)
58.9% (2016 est.)
54.6 (2016 est.)
lowest 10%: 1.7%
highest 10%: 40.1% (2010 est.)
revenues: 1.263 billion (2017 est.)
expenditures: 1.639 billion (2017 est.)
-8.5% (of GDP) (2017 est.)
28.4% of GDP (2017 est.)
25.5% of GDP (2016 est.)
28.6% (of GDP) (2017 est.)
1 April - 31 March
$604 million (2017 est.)
$642 million (2016 est.)
$1.81 billion (2020 est.) note: data are in current year dollars
$2.07 billion (2019 est.) note: data are in current year dollars
$1.9 billion (2018 est.) note: data are in current year dollars
South Africa 94% (2017)
soft drink concentrates, sugar, timber, cotton yarn, refrigerators, citrus, and canned fruit
$1.7 billion (2020 est.) note: data are in current year dollars
$1.93 billion (2019 est.) note: data are in current year dollars
$2.07 billion (2018 est.) note: data are in current year dollars
South Africa 81.6%, China 5.2% (2017)
motor vehicles, machinery, transport equipment, foodstuffs, petroleum products, chemicals
$563.1 million (31 December 2017 est.)
$564.4 million (31 December 2016 est.)
$535 million (2019 est.)
$456 million (2018 est.)
emalangeni per US dollar -
14.44 (2017 est.)
14.6924 (2016 est.)
14.6924 (2015 est.)
12.7581 (2014 est.)
10.8469 (2013 est.)
NOTE: The information regarding Eswatini on this page is re-published from the 2022 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Eswatini 2022 information contained here. All suggestions for corrections of any errors about Eswatini 2022 should be addressed to the CIA or the source cited on each page.
This page was last modified 01 Dec 23, Copyright © 23 ITA all rights reserved.