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Working Paper 175 - Youth Employment in Africa: New Evidence and Policies from Swaziland
Swaziland, a small land-locked country in Southern Africa, seems to be caught in the middle income trap. Despite its favorable location, mild climate, and a relatively diversified production base, it has been one of the slowest growing economies in Africa for almost two decades. Even with ‘rising’ Africa, Swaziland’s average annual growth during 2000 – 2012 was a mere 2.3 percent – well below the 5.8 percent average posted by the continent. The country’s real GDP per capital is projected to decline in both 2013 and 2014 (African Development Bank et al., 2013).