Swaziland Economy 2001

Economy - overview:

In this small landlocked economy, subsistence agriculture occupies more than 60% of the population. Manufacturing features a number of agroprocessing factories. Mining has declined in importance in recent years:

GDP: purchasing power parity - $4.4 billion (2000 est.)

GDP - real growth rate: 2.4% (2000 est.)

GDP - per capita: purchasing power parity - $4,000 (2000 est.)

GDP - composition by sector:
agriculture: 10%
industry: 46%
services: 44% (1998 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 6.4% (2000 est.)

Labor force: NA

Labor force - by occupation: private sector 70%, public sector 30%

Unemployment rate: 22% (1995 est.)

Budget:
revenues: $400 million
expenditures: $450 million, including capital expenditures of $115 million (FY96/97)

Industries: mining (coal and asbestos), wood pulp, sugar, soft drink concentrates

Industrial production growth rate: 3.7% (FY95/96)

Electricity - production: 375 million kWh (1999)

Electricity - production by source:
fossil fuel: 53.33%
hydro: 46.67%
nuclear: 0%
other: 0% (1999)

Electricity - consumption: 198 million kWh (1999)

Electricity - exports: 852 million kWh (1999)

Electricity - imports: 701 million kWh
note: supplied by South Africa (1999)

Agriculture - products: sugarcane, cotton, corn, tobacco, rice, citrus, pineapples, sorghum, peanuts; cattle, goats, sheep

Exports: $881 million (f.o.b., 2000)

Exports - commodities: soft drink concentrates, sugar, wood pulp, cotton yarn, refrigerators, citrus and canned fruit

Exports - partners: South Africa 65%, EU 12%, Mozambique 11%, US 5% (1998)

Imports: $928 million (f.o.b., 2000)

Imports - commodities: motor vehicles, machinery, transport equipment, foodstuffs, petroleum products, chemicals

Imports - partners: South Africa 84%, EU 5%, Japan 2%, Singapore 2% (1998)

Debt - external: $281 million (2000 est.)

Economic aid - recipient: $55 million (1995)

Currency: lilangeni (SZL)

Currency code: SZL

Exchange rates: emalangeni per US dollar - 7.7803 (January 2001), 6.9056 (2000), 6.1087 (1999), 5.4807 (1998), 4.6032 (1997), 4.2706 (1996); note - the Swazi lilangeni is at par with the South African rand; emalangeni is the plural form of lilangeni

Fiscal year: 1 April - 31 March

NOTE: The information regarding Swaziland on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Swaziland Economy 2001 information contained here. All suggestions for corrections of any errors about Swaziland Economy 2001 should be addressed to the CIA.