Swaziland Economic Outlook

Real GDP growth declined to an estimated 1% in 2017, down from 1.3% in 2016. Sluggish growth was observed mainly in wholesale and retail trade, as well as financial services, where output was hindered by reduced government spending due to ongoing fiscal challenges. Although agricultural output buoyed by good weather conditions following the El Niño–induced drought of 2015, as was agro-processing, the sector contracted, dragged down by livestock production, which suffered heavy stock depletion following the drought. Manufacturing bounced back in 2017, driven mainly by investment in textiles. Construction activity contracted due to limited fiscal space, which hindered implementation of public projects in 2017.

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Key Facts

Capital: Mbabane
Area: 17,000 sq km
Total Population 2017: 1.3 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 3.3 Billion
GNI Per Capita 2015: US$ 3,230
Inflation Rate: 110.69%
Crude Birth Rate (per 1000): 28.50%
Human Development Index (rank / 188): 148
Human Development Index (scale 0 to 1): 0.541
Membership Date: 26/07/1971
Cumulative Approvals (1967-2016): UA 390.4 Million

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Southern Africa Regional Development and Business Delivery Office

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900