FACTOID # 1: Most people live in poverty in most African countries.
 
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Africa > Swaziland > Economy

SWAZI ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
sugarcane, cotton, corn, tobacco, rice, citrus, pineapples, sorghum, peanuts; cattle, goats, sheep
Aid as % of GDP 0.9% [91st of 129]
Debt > External $524,000,000.00 Time series [130th of 136]
Distribution of family income > Gini index 50.4 Time series [5th of 43]
Economic freedom 2 [73rd of 156]
Economy > Overview
In this small, landlocked economy, subsistence agriculture occupies approximately 70% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp remain important foreign exchange earners. In 2007, the sugar industry increased efficiency and diversification efforts, in response to a 17% decline in EU sugar prices. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. Surrounded by South Africa, except for a short border with Mozambique, Swaziland is heavily dependent on South Africa from which it receives more than nine-tenths of its imports and to which it sends 60% of its exports. Swaziland's currency is pegged to the South African rand, subsuming Swaziland's monetary policy to South Africa. Customs duties from the Southern African Customs Union, which may equal as much as 70% of government revenue this year, and worker remittances from South Africa substantially supplement domestically earned income. Swaziland is not poor enough to merit an IMF program; however, the country is struggling to reduce the size of the civil service and control costs at public enterprises. The government is trying to improve the atmosphere for foreign investment. With an estimated 40% unemployment rate, Swaziland's need to increase the number and size of small and medium enterprises and attract foreign direct investment is acute. Overgrazing, soil depletion, drought, and sometimes floods persist as problems for the future. More than one-fourth of the population needed emergency food aid in 2006-07 because of drought, and nearly two-fifths of the adult population has been infected by HIV/AIDS.
Exchange rates
emalangeni per US dollar - 6.4597 (2004), 7.5648 (2003), 10.5407 (2002), 8.6092 (2001), 6.9398 (2000)
Exports $1,926,000,000.00 Time series [122nd of 189]
GDP $2,647,997,000.00 Time series [134th of 203]
GDP > PPP $5,552,000,000.00 [135th of 163]
GDP > Real growth rate 2.3% Time series [160th of 198]
GDP growth > annual % 1.8 annual % Time series [152nd of 187]
GINI index 50.4 Time series [4th of 40]
Gross National Income $1,388,020,000.00 [133rd of 172]
Human Development Index 0.498 [148th of 178]
Income distribution > Poorest 10% 1% [105th of 114]
Income distribution > Richest 10% 50.2% [1st of 114]
Inflation rate (consumer prices) 8.1% Time series [53rd of 192]
Population below poverty line 69% Time series [1st of 46]
Tourist arrivals 322,000 [86th of 152]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; United Nations World Statistics Pocketbook and Statistical Yearbook

ALTERNATIVE NAMES: Swaziland, Kingdom of Swaziland

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