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ECON FACTBOOK

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Economy of Swaziland

Population: 1.25 million in 20131

GDP: $3.79 billion in 20132

GDP per capita: $3,034 nominal3 ($6,683 PPP4) in 2013

GDP growth rate: 2.8% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Manufacturing1,35541.2%
Other activities1,04131.7%
Wholesale, retail trade, restaurants and hotels3099.4%
Agriculture, hunting, forestry, fishing2317.0%
Transport, storage and communication2307.0%
Construction692.1%
Mining and utilities501.5%
Total value added3,286100%

Employment

Unemployment rate: 22.5% in 20137

Employment by Industry8

Employment sectorPercent of total
Agriculture70%
Industry and services30%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $3 billion (79% of GDP) in 201410

Household Wealth per Adult: $4,172 in 201410

Gini Coefficient: .515 in 201311

Government

Central Government

Central Government Revenue: $1.27 billion (34% of GDP) in 201312

Central Government Expenditure: $1.32 billion (35% of GDP) in 201312

Central Government Budget Balance: -$0.05 billion (-1% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 9.37% in Jan 201513

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 14

Corporate Tax Rate: 30% in 201315

* Individual thresholds calculated using the exchange rate 11.64 SZL = 1 USD

Monetary Policy

Money Supply (M1): $365 million (10% of GDP) in Dec 2014* 16

Benchmark Interest Rate: 5.25% in Dec 201417

Total Reserves: $762 million (20% of GDP) in 201318

Exchange Rate: 11.64 Swazi Lilangeni = 1 U.S. Dollar on Feb 20, 201519

Inflation: 5.6% in 201320

* Money supply calculated using the exchange rate 11.64 SZL = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.60 billion (42% of GDP) in 201322

Imports: $1.55 billion (41% of GDP) in 201322

Trade Balance: +$0.05 billion (+1% of GDP) in 201322

Foreign Direct Investment Inflow: $24 million (0.6% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $88 million (2% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Central Bank of Swaziland, Govt Bonds, Bond Auction Results (Government bond yield) Go back
14. Source: Ernst & Young, Personal Tax Guide (Individual tax rates) Go back
15. Source: Ernst & Young, Worldwide Corporate Tax Guide (Corporate tax rate) Go back
16. Source: Central Bank of Swaziland, Statistics, Monthly Statistical Releases (Money supply) Go back
17. Source: Central Bank of Swaziland, Statistics, Monthly Statistical Releases (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back