Economy Of Swaziland - Swaziland Information

Translation Services » Country Guides O - Z » Swaziland

Choose the first letter to select required country:

Economy Of Swaziland
Swaziland Information - Country Guides

Economy overview	In this small, landlocked economy, subsistence agriculture occupies more than 80% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp remain important foreign exchange earners. 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 about nine-tenths of its imports and to which it sends nearly three-quarters of its exports. Customs duties from the Southern African Customs Union and worker remittances from South Africa substantially supplement domestically earned income. The government is trying to improve the atmosphere for foreign investment. 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 2002 because of drought, and more than one-third of the adult population was infected by HIV/AIDS.
GDP	purchasing power parity - $5.702 billion (2004 est.)
GDP - real growth rate	2.2% (2004 est.)
GDP - per capita	purchasing power parity - $4,900 (2004 est.)
GDP - composition by sector	agriculture: 16.2% industry: 43.2% services: 40.5% (2004 est.)
Investment gross fixed	21.1% of GDP (2004 est.)
Population below poverty line	40% (1995)
Household income or consumption by percentage share	lowest 10%: 1% highest 10%: 50.2% (1995)
Distribution of family income - Gini index
Inflation rate consumer prices	7.3% (2004 est.)
Labor force	383,200 (2000)
Labor force by occupation	NA
Unemployment rate	34% (2000 est.)
Budget	revenues: $462.4 million expenditures: $563.4 million, including capital expenditures of $147 million (2004 est.)
Public debt
Agriculture products	sugarcane, cotton, corn, tobacco, rice, citrus, pineapples, sorghum, peanuts; cattle, goats, sheep
Industries	mining (coal), wood pulp, sugar, soft drink concentrates, textile and apparel
Industrial production growth rate	3.7% (FY95/96)
Electricity production	348.3 million kWh (2001)
Electricity production by source	fossil fuel: 58% hydro: 42% other: 0% (2001) nuclear: 0%
Electricity consumption	962.9 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	639 million kWh; note - electricity supplied by South Africa (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	3,500 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance	$-72.69 million (2004 est.)
Exports	$905.6 million f.o.b. (2004 est.)
Exports commodities	soft drink concentrates, sugar, wood pulp, cotton yarn, refrigerators, citrus and canned fruit
Exports partners	South Africa 72%, EU 14.2%, Mozambique 3.7%, US 3.5% (1999)
Imports	$1.088 billion f.o.b. (2003 est.)
Imports commodities	motor vehicles, machinery, transport equipment, foodstuffs, petroleum products, chemicals
Imports partners	South Africa 88.8%, EU 5.6%, Japan 0.6%, Singapore 0.4% (1999)
Reserves of foreign exchange gold	$277.5 million (2004 est.)
Debt external	$320 million (2002 est.)
Economic aid recipient	$104 million (2001)
Currency	lilangeni (SZL)
Currency code	SZL
Exchange rates	emalangeni per US dollar - 7.5648 (2003), 10.5407 (2002), 8.6092 (2001), 6.9398 (2000), 6.1095 (1999)
Fiscal year	1 April - 31 March

Swazi Flag Map Of Swaziland Swati language

Economy Of SwazilandSwaziland Information - Country Guides

Economy Of Swaziland
Swaziland Information - Country Guides