The Gross Domestic Product (GDP) in Swaziland contracted 0.50 percent in 2018 from the previous year. Swaziland GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Swaziland averaged 4.90 percent from 1971 until 2018, reaching an all time high of 21.02 percent in 1990 and a record low of -2.12 percent in 1976. This page provides the latest reported value for - Swaziland GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Annual Growth Rate in Swaziland is expected to reach 2.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Swaziland GDP Annual Growth Rate is projected to trend around 2.00 percent in 2021 and 1.80 percent in 2022, according to our econometric models.


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Swaziland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.90 21.02 -2.12 1971 - 2018 percent Yearly


Swaziland GDP Annual Growth Rate
Swaziland is one of the poorest countries in Africa. Over 70 percent of population rely on subsistence agriculture and as a result of food shortages and high prevalence of HIV rate the country has very low life expectancy rate. Landlocked between South Africa and Mozambique, Swaziland is ruled by one of the world’s last absolute monarchies. The economy is highly dependent on workers remittances and customs duties from the Southern African Customs Union. Swaziland’s sluggish growth is expected to endure as government fails to address major economic challenges such as bureaucracy, low literacy rate and youth unemployment.