Swaziland GDP Annual Growth Rate2022 Data | 2023 Forecast | 1971-2021 Historical

Name: Swaziland GDP Annual Growth Rate
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Keywords: Swaziland,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Swaziland contracted 2.40 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: Central Bank of Swaziland

GDP Annual Growth Rate in Swaziland averaged 4.73 percent from 1971 until 2020, reaching an all time high of 21.02 percent in 1990 and a record low of -2.40 percent in 2020. 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. Swaziland GDP Annual Growth Rate - values, historical data and charts - was last updated on January of 2022.

GDP Annual Growth Rate in Swaziland is expected to reach 1.80 percent by the end of 2022, 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 1.90 percent in 2023 and 2.10 percent in 2024, according to our econometric models.

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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.