Eswatini's GDP changed from approximately $754M in 1980 to $5B 85M in 2024, showing an overall 574.4% sharply increased during the period.
The lowest GDP was recorded in 1985 at $497M, and the highest in 2024 at $5B 85M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.4%.
For comparison, the average annual growth rate of South Africa was 3.3%, and that of Mozambique was 3.7%.
Overview of Eswatini's GDP (1980–2024)
The Gross Domestic Product (GDP) of Eswatini recorded a 574.4% sharply increased from 1980 to 2024.
The average GDP during this period was $2B 636M, and the median was $1B 957M.
GDP fluctuated within a range of $4B 588M, with a standard deviation of $1B 575M.
The average annual change was $114M 513K.
Eswatini GDP from 1980 to 2024
The total market value of goods and services produced annually in Eswatini.
Highest and Lowest GDP Records
- Lowest GDP: 1985, $497M
- Highest GDP: 2024, $5B 85M
- Most Recent GDP: 2024, $5B 85M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Eswatini's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $4B 495M → $3B 984M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $3B 465M → $3B 596M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 739M → $1B 544M
- Outcome: sharply declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $1B 957M → $1B 797M
- Outcome: declined
Key Economic Indicators of Eswatini (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 754M | $ 1,329.79 | $ 1,780.39 | $ 1B 10M | -3.811 % | -17.191 % | 19.11 % | 5.158 % | 567,000 people |
1981 | $ 798M | $ 1,359.19 | $ 2,013.07 | $ 1B 182M | 6.902 % | -10.182 % | 12.03 % | -3.067 % | 587,000 people |
1982 | $ 714M | $ 1,174.42 | $ 2,094.43 | $ 1B 273M | 1.439 % | -15.946 % | 6.79 % | 0.862 % | 608,000 people |
1983 | $ 734M | $ 1,167.16 | $ 2,090.51 | $ 1B 316M | -0.547 % | -14.567 % | 10.22 % | 0.33 % | 629,000 people |
1984 | $ 628M | $ 963.59 | $ 2,143.67 | $ 1B 397M | 2.481 % | -12.334 % | 10.26 % | 1.789 % | 652,000 people |
1985 | $ 497M | $ 736.01 | $ 2,177.16 | $ 1B 469M | 1.924 % | -7.726 % | 11.29 % | 0.027 % | 675,000 people |
1986 | $ 635M | $ 909.80 | $ 2,544.49 | $ 1B 777M | 18.584 % | 1.695 % | 15.80 % | -0.887 % | 698,000 people |
1987 | $ 831M | $ 1,149.96 | $ 2,772.77 | $ 2B 3M | 10.016 % | 7.892 % | 18.35 % | 3.123 % | 722,000 people |
1988 | $ 986M | $ 1,320.95 | $ 2,987.56 | $ 2B 231M | 7.571 % | 9.644 % | 26.16 % | 4.461 % | 747,000 people |
1989 | $ 1B 6M | $ 1,305.67 | $ 3,291.63 | $ 2B 536M | 9.408 % | 7.66 % | 24.24 % | 6.526 % | 771,000 people |
1990 | $ 1B 237M | $ 1,558.18 | $ 3,642.33 | $ 2B 891M | 9.859 % | 4.103 % | 41.43 % | 5.924 % | 794,000 people |
1991 | $ 1B 285M | $ 1,574.78 | $ 3,728.25 | $ 3B 41M | 1.76 % | 3.674 % | 41.56 % | 3.73 % | 816,000 people |
1992 | $ 1B 425M | $ 1,703.46 | $ 3,837.61 | $ 3B 211M | 3.227 % | -2.847 % | 35.09 % | -2.11 % | 837,000 people |
1993 | $ 1B 497M | $ 1,747.48 | $ 3,956.07 | $ 3B 389M | 3.106 % | -4.255 % | 29.62 % | -2.639 % | 857,000 people |
1994 | $ 1B 621M | $ 1,851.22 | $ 4,046.77 | $ 3B 544M | 2.401 % | 0.114 % | 33.19 % | -2.919 % | 876,000 people |
1995 | $ 1B 932M | $ 2,160.27 | $ 4,241.21 | $ 3B 793M | 4.826 % | -1.538 % | 26.16 % | 1.276 % | 894,000 people |
1996 | $ 1B 830M | $ 2,005.24 | $ 4,396.23 | $ 4B 11M | 3.842 % | -2.842 % | 25.40 % | -0.446 % | 912,000 people |
1997 | $ 1B 957M | $ 2,105.17 | $ 4,525.07 | $ 4B 207M | 3.103 % | -0.14 % | 27.23 % | 2.457 % | 930,000 people |
1998 | $ 1B 797M | $ 1,914.24 | $ 4,650.72 | $ 4B 365M | 2.604 % | -5.192 % | 34 % | 1.521 % | 939,000 people |
1999 | $ 1B 764M | $ 1,861.50 | $ 4,810.24 | $ 4B 558M | 2.951 % | -1.868 % | 26.46 % | -0.515 % | 947,000 people |