Eswatini

Description of Eswatini

Welcome to our website dedicated to providing in-depth analysis of Eswatini's geopolitical and macroeconomic landscape. Formerly known as Swaziland, Eswatini is a landlocked kingdom located in Southern Africa. As one of the continent's last remaining absolute monarchies, Eswatini's political structure and economic policies play a crucial role in shaping its development trajectory. Through examining key macroeconomic statistics and geopolitical dynamics, we aim to shed light on the opportunities and challenges facing Eswatini in the global arena.

Population And Age Structure

1. Eswatini's total population is 1,180,655, which is significantly below the average population of 40,097,746. Eswatini ranks 155th out of 194 countries in total population.

2. The percentage of population aged 0-14 in Eswatini is 35.44%, higher than the average of 27.34%. Eswatini ranks 52nd out of 194 countries in this age group.

3. The total number of population aged 0-14 in Eswatini is 418,421, much lower than the average of 10,327,379. Eswatini ranks 147th out of 194 countries in this category.

4. Eswatini's population aged 15-64 constitutes 60.61% of the total population, slightly below the average of 63.44%. The country ranks 139th out of 194 in this age group.

5. The total population aged 15-64 in Eswatini is 715,626, significantly below the average of 26,003,407. Eswatini ranks 155th out of 194 countries in this demographic.

6. The elderly population (65 and above) in Eswatini accounts for 3.95% of the total population, much lower than the average of 9.22%. Eswatini ranks 139th out of 194 countries for this age group.

7. The total elderly population in Eswatini is 46,609, which is far below the average of 3,766,959. Eswatini ranks 161st out of 194 countries in this category.

Summary

Eswatini, with a population of 1,180,655, has a demographic profile skewed towards a higher percentage of youth (0-14 years) and a lower percentage of elderly (65 and above) compared to global averages. This demographic composition can have significant implications for the country's workforce dynamics, healthcare requirements, and social security provisions in the future.

Population Miscellaneous

In terms of Rural population, Eswatini has a value of 895,279, which is significantly below the average of 18,044,041. This places Eswatini at rank 132 out of 190 countries.

Regarding Rural population (% of total population), Eswatini's value of 75.829% is notably above the average of 41.158%. It ranks 16th out of 190 countries in this aspect.

Eswatini's Urban population stands at 285,376, much lower than the average of 22,425,747. This places Eswatini at rank 166 out of 194 countries.

The Urban population (% of total population) in Eswatini is 24.171%, below the average of 59.691%. Eswatini ranks 179th out of 194 countries in this category.

Eswatini's Age dependency ratio (% of working-age population) is 64.982%, higher than the average of 59.219%. The country ranks 56th out of 194 countries.

With a Birth rate of 24.615 per 1,000 people, Eswatini exceeds the average of 19.384. It ranks 54th out of 192 countries.

Eswatini's Death rate is 9.603 per 1,000 people, slightly above the average of 8.214. The country ranks 48th out of 192 countries in this metric.

In terms of Fertility rate, Eswatini's total births per woman is 2.89, higher than the average of 2.603. This places Eswatini at rank 63 out of 190 countries.

Summary

Eswatini exhibits a unique demographic profile compared to global averages, with a significantly higher Rural population (% of total population) and a lower Urban population (% of total population). This demographic composition, along with higher Age dependency ratio and Birth rate, signifies a potential strain on resources and infrastructure in Eswatini. The country's Fertility rate being above the global average suggests a need for sustainable development policies to support its growing population.

Military

Eswatini's military expenditure stands at $76,795,299.98, significantly below the average of $12,904,993,617.17. This places Eswatini at rank 130 out of 149 countries in the dataset.

The country's military expenditure as a percentage of GDP is 1.86%, slightly below the average of 1.90%. Eswatini ranks 54th out of 148 countries in this category.

Eswatini imported $2,000,000 worth of arms, a notable deviation from the average of $205,522,123.89. This places Eswatini at rank 104 out of 113 countries for arms imports.

Summary

Eswatini's military expenditure is significantly below the global average, ranking 130th out of 149 countries. Its military spending as a percentage of GDP is also slightly below average, placing 54th out of 148 countries. Moreover, the country's arms import of $2,000,000 is significantly lower than the average, ranking 104th out of 113 countries.

These findings are important as they indicate that Eswatini allocates a relatively low proportion of its GDP to the military compared to other nations. Additionally, the low arms import value suggests potential limitations in military capabilities and readiness, which could impact its defense strategies and security posture.

Natural Resources

1. Eswatini's forest area covers 4,975.6 sq. km, significantly below the average of 211,606.1 sq. km. This places Eswatini at rank 138 out of 191 countries with available data on forest area.

2. The land area of Eswatini is 17,200 sq. km, well below the average of 665,166.5 sq. km. Eswatini ranks 153 out of 194 countries in terms of land area.

3. Eswatini's surface area is 17,360 sq. km, notably lower than the average of 689,779.6 sq. km. This places Eswatini at the 153rd position among 194 countries with data on surface area.

4. With 177,000 hectares of arable land, Eswatini falls short of the average of 7,329,543.2 hectares. Eswatini ranks 142 out of 190 countries in terms of arable land.

5. Eswatini's land under cereal production spans 69,690 hectares, significantly below the average of 4,206,011.6 hectares. Eswatini ranks 135 out of 174 countries in this aspect.

6. The average precipitation in Eswatini is 788 mm per year, below the average of 1,157.8 mm per year. This places Eswatini at the 104th position out of 178 countries with available data on precipitation.

7. Eswatini's renewable internal freshwater resources total 2.64 billion cubic meters, substantially lower than the average of 240.4 billion cubic meters. Eswatini ranks 146 out of 178 countries in this category.

Summary

Eswatini demonstrates below-average figures in key macroeconomic indicators such as forest area, land area, arable land, cereal production, precipitation, and renewable internal freshwater resources when compared to global averages. These statistics highlight potential challenges for agricultural productivity, environmental sustainability, and water resource management in Eswatini, which could impact the country's overall economic development and resource sustainability.

Resource Rents

1. Eswatini's total natural resources rents account for 3.38% of its GDP, which is below the average of 4.63%. This places Eswatini at rank 65 out of 175 countries with available data on this attribute.

2. The coal rents in Eswatini contribute 0.08% to the GDP, significantly lower than the average of 0.40%. Eswatini ranks 25th out of 65 countries in this category.

3. Forest rents make up 3.31% of Eswatini's GDP, surpassing the average of 1.53%. Eswatini holds the 25th position out of 174 countries with data on forest rents.

Summary

Eswatini's natural resources rents as a percentage of GDP are below the global average, with forest rents being a significant contributor compared to coal rents. While Eswatini ranks relatively lower in coal rents, it fares better in terms of forest rents compared to other countries with available data. These statistics are vital as they highlight Eswatini's reliance on its natural resources sector for economic output and underscore the importance of sustainable resource management and potential for further development in this area.

Commodities

When it comes to Cereal production, Eswatini falls below the average production significantly, with a value of 89,694.14 metric tons compared to the average of 17,249,945.93 metric tons. This places Eswatini as the 145th largest producer out of 174 countries included in the data.

For Aquaculture production, Eswatini's production of 100 metric tons is substantially lower than the average of 679,642.92 metric tons. Eswatini ranks 151st out of 180 countries in this category.

Eswatini also lags behind in Capture fisheries production, with a production of 60 metric tons compared to the average of 467,453.06 metric tons. This places Eswatini at a low rank of 183 out of 190 countries.

Similarly, in Total fisheries production, Eswatini's output of 160 metric tons is well below the average of 1,153,914.85 metric tons. Eswatini ranks 182nd out of 182 countries in this aspect.

In terms of Fertilizer consumption, Eswatini's usage of 61.96 kilograms per hectare of arable land is below the average consumption of 159.04 kilograms. However, Eswatini ranks relatively better at 113th out of 187 countries in this category.

Summary

Eswatini's agricultural production in cereals, aquaculture, and fisheries falls significantly below global averages, ranking low among countries surveyed. Particularly concerning is the country's low output in fisheries production, where it ranks at the bottom. Despite lower-than-average fertilizer consumption, Eswatini's relative ranking in this category is better compared to other countries, indicating some potential for improvement in agricultural practices.

These findings are important as they highlight Eswatini's challenges in achieving food security and economic growth through agricultural productivity. Addressing the deficiencies in agricultural production, especially in key sectors like fisheries, will be crucial for enhancing food self-sufficiency and overall economic development in the country.

Intellectual Property

For the attribute "Scientific and technical journal articles," Eswatini's value is 32.94, significantly lower than the average of 15103.76. This places Eswatini at a rank of 155 out of 192 countries in the dataset.

Regarding "Charges for the use of intellectual property, payments (BoP, current US$)," Eswatini's value is 32,785,514.01, notably below the average of 3,218,843,494.39. Eswatini holds a rank of 87 out of 143 countries in this category.

Lastly, in terms of "Charges for the use of intellectual property, receipts (BoP, current US$)," Eswatini records a value of 57,209.63, which is notably lower than the average of 3,191,687,117.58. This places Eswatini at a rank of 109 out of 122 countries considered for this metric.

Summary

Eswatini lags significantly behind the global average in key macroeconomic indicators such as scientific and technical journal articles, payments for intellectual property use, and receipts for intellectual property use. These disparities highlight Eswatini's relatively low level of scientific and technological development and limited participation in the global intellectual property market, potentially impacting its innovation and competitiveness in the international arena.

Broad Economy Attributes

- Eswatini's GDP (current US$) is $3,982,236,692.55, significantly below the average of $442,870,224,838.68. It ranks 154th out of 189 countries.
- Eswatini's GDP, PPP (current international $) stands at $10,336,381,909.84, well below the average of $734,141,122,350.78. It ranks 148th out of 181 countries.
- The GDP per capita (current US$) for Eswatini is $3,372.90, which is notably lower than the average of $15,462.11. It holds the 124th rank out of 190 countries.
- Eswatini's GDP per capita, PPP (current international $) is $8,754.79, falling short of the average of $21,251.89. It ranks 114th out of 181 countries.
- In terms of GNI (current US$), Eswatini's value is $3,583,786,298.10, significantly below the average of $452,040,815,370.70. It ranks 152nd out of 185 countries.
- Eswatini's GNI, PPP (current international $) is $9,302,155,225.89, considerably lower than the average of $730,698,223,823.47. It holds the 148th rank out of 181 countries.
- The GNI per capita, PPP (current international $) for Eswatini is $7,880, which is well below the average of $20,615.75. It ranks 117th out of 181 countries.

Summary

Eswatini's key macroeconomic indicators paint a picture of a country with GDP, GDP per capita, and GNI figures significantly below global averages, ranking relatively low among nations. These statistics are crucial as they highlight Eswatini's economic challenges in terms of overall wealth generation, individual prosperity, and national income compared to other countries, indicating the need for potential policy reforms or strategies to spur economic growth and development.

Broad Value Added

Eswatini's Gross value added at basic prices (GVA) is $3,656,714,900.66, ranking 147 out of 176 countries. This value is significantly below the attribute average of $360,070,943,595.12.

Agriculture, forestry, and fishing contribute 8.12% to Eswatini's GDP, placing it at rank 88 out of 182 countries. This percentage is lower than the attribute average.

Eswatini's Agriculture, forestry, and fishing value added is $323,295,405.19, placing the country at rank 152 out of 182 countries. This value is notably below the attribute average.

Services contribute 53.79% to Eswatini's GDP, ranking the country 109 out of 183 countries. This percentage is slightly below the attribute average.

Eswatini's Services value added is $2,141,933,447.48, ranking 154 out of 183 countries. This value is significantly lower than the attribute average.

Eswatini's Industry value added including construction is $1,249,499,588.50, placing the country at rank 147 out of 183 countries. This value is notably below the attribute average.

Summary

Eswatini's economy shows weaknesses in key sectors such as agriculture, services, and industry, with values significantly below the attribute averages. This indicates a potential lack of diversification and competitive edge in these areas compared to other countries. Addressing these low rankings and values is crucial for Eswatini to enhance its economic growth, improve competitiveness, and achieve a more balanced and sustainable economic structure.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Eswatini's value of $1,056,269,513.78 is significantly below the average of $76,207,179,589.66. Eswatini ranks 129th out of 173 countries in this attribute.

2. Manufacturing, value added (% of GDP): Eswatini's value of 26.52% is notably above the average of 11.90%. Eswatini ranks 4th out of 173 countries in this category.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Eswatini's value of 2.23% is significantly below the average of 24.49%. Eswatini ranks 145th out of 149 countries in this attribute.

Summary

Eswatini's manufacturing sector, though contributing significantly to its GDP at 26.52%, falls short in high-tech manufacturing value added compared to the global average. This low percentage of 2.23% indicates potential limitations in technological advancement and innovation within the country. Despite a competitive rank in manufacturing value added % of GDP globally, Eswatini may benefit from focusing on enhancing its high-tech manufacturing capabilities to drive future economic growth and competitiveness in the global market.

Money

Regarding Inflation, GDP deflator (annual %), Eswatini has a value of 3.23%, which is below the average of 6.90%. This places Eswatini at rank 69 out of 188 countries included in the data.

For Broad money growth (annual %), Eswatini's value is 15.45%, slightly below the average of 18.03%. This ranks Eswatini at 59 out of 139 countries.

In terms of Broad money (% of GDP), Eswatini's value stands at 32.33%, significantly lower than the average of 71.75%. This places Eswatini at rank 114 out of 139 countries.

Lastly, looking at Broad money to total reserves ratio, Eswatini has a ratio of 2.36%, lower than the average of 5.17%. Eswatini is ranked 81 out of 126 countries for this measure.

Summary

Eswatini performs moderately in key macroeconomic indicators compared to global averages. The country has relatively low inflation, healthy broad money growth, but lower broad money as a percentage of GDP and total reserves ratio. These indicators are crucial as they reflect the country's economic stability, financial health, and potential for investment, impacting its overall economic performance and attractiveness to investors.

Consumption Expenditure

- In terms of Final consumption expenditure (current US$), Eswatini's value of 3,536,911,209.45 is significantly below the average of 381,630,252,515.38, ranking 138th out of 159 countries.

- Final consumption expenditure (% of GDP) for Eswatini stands at 88.82%, above the average of 82.37%. This places Eswatini 54th out of 159 countries in this category.

- Eswatini's General government final consumption expenditure (current US$) is 908,078,368.86, notably lower than the average of 93,676,578,238.03. It ranks 136th out of 158 countries.

- For General government final consumption expenditure (% of GDP), Eswatini's value of 22.80% exceeds the average of 18.71%, placing Eswatini in the 32nd position out of 158 countries.

- Household and NPISHs Final consumption expenditure (current US$) in Eswatini is 2,628,832,840.59, well below the average of 290,127,571,157.69. Eswatini holds the 137th rank out of 158 countries in this metric.

- Finally, Households and NPISHs final consumption expenditure (% of GDP) for Eswatini is 66.01%, slightly above the average of 63.68%, positioning Eswatini at the 70th place out of 158 countries.

Summary

Overall, Eswatini exhibits a pattern of relatively low final consumption expenditure levels compared to the global average. The country ranks lower in terms of both total final consumption expenditure and its components such as government and household expenditure. While Eswatini's higher percentage of final consumption expenditure compared to GDP may reflect a consumption-driven economy, the significantly lower absolute values could indicate potential challenges in achieving robust economic growth and development.

Investment

- Foreign direct investment, net (BoP, current US$): Eswatini's value is -51,096,626.53, which is significantly below the attribute average of -1,615,235,980.51. Eswatini ranks 51 out of 169 countries for this statistic.
- Foreign direct investment, net inflows (BoP, current US$): Eswatini's value is 38,787,632.67, well below the attribute average of 5,749,271,080.15. Eswatini ranks 137 out of 182 countries for this statistic.
- Foreign direct investment, net inflows (% of GDP): Eswatini's value is 0.97%, lower than the attribute average of 2.61%. Eswatini ranks 120 out of 178 countries for this statistic.
- Foreign direct investment, net outflows (BoP, current US$): Eswatini's value is -12,308,993.86, which is significantly below the average of 5,707,991,116.07. Eswatini ranks 125 out of 156 countries for this statistic.
- Foreign direct investment, net outflows (% of GDP): Eswatini's value is -0.31%, below the attribute average of 1.00%. Eswatini ranks 130 out of 155 countries for this statistic.
- Portfolio Investment, net (BoP, current US$): Eswatini's value is 42,782,175.58, below the attribute average of 679,559,169.57. Eswatini ranks 67 out of 159 countries for this statistic.

Summary

Eswatini shows a pattern of low foreign direct investment, both in inflows and outflows, compared to the global averages. This can signify a lack of confidence from international investors in the country's economy. Additionally, Eswatini's portfolio investment is also below average, indicating potential limitations in attracting foreign portfolio investors for capital inflows. These indicators are crucial as they reflect Eswatini's economic openness, attractiveness to foreign investors, and potential for sustained economic growth.

Debt

1. Total debt service (% of GNI): Eswatini's total debt service as a percentage of its Gross National Income is 2.88%, below the average of 5.98%. Eswatini ranks 77th out of 120 countries in this statistic.

2. Public and publicly guaranteed debt service (% of GNI): Eswatini's public and publicly guaranteed debt service as a percentage of its GNI is 1.65%, also below the average of 2.84%. Eswatini is ranked 72nd out of 120 countries in this category.

3. External debt stocks (% of GNI): Eswatini's external debt stocks as a percentage of GNI is 26.71%, significantly below the average of 65.42%. Eswatini ranks 101st out of 120 countries in this measure.

4. Debt service on external debt, total (TDS, current US$): Eswatini's total debt service on external debt is $103,062,307.2, much lower than the average of $9,811,195,839.23. Eswatini ranks 98th out of 123 countries in this aspect.

5. Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Eswatini's debt service on public and publicly guaranteed external debt is $59,093,219.7, below the average of $3,310,612,057.60. Eswatini is ranked 100th out of 123 countries concerning this metric.

6. External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Eswatini's external debt stocks in public and publicly guaranteed category amount to $584,357,331.7, significantly below the average of $28,695,879,144.98. Eswatini ranks 111th out of 123 countries in this area.

7. External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Eswatini's external debt stocks in the private nonguaranteed category is $163,990,000, significantly below the average of $33,734,699,285.22. Eswatini is ranked 79th out of 91 countries with available data.

8. External debt stocks, total (DOD, current US$): Eswatini's total external debt stocks amount to $957,337,769.2, well below the average of $73,845,530,111.82. Eswatini ranks 108th out of 123 countries in this metric.

Summary

Eswatini maintains a prudent approach towards managing its debt, as evidenced by its low total debt service, public debt service, and external debt stocks compared to global averages. Despite ranking lower in some indicators, such as external debt stocks, these statistics reflect a lower debt burden relative to many countries. This is crucial for ensuring financial stability, attracting investment, and maintaining sovereignty by avoiding excessive reliance on external financing.

Broad Trade Attributes

Trade (% of GDP): Eswatini's trade accounts for 86.88% of its GDP, which is above the average of 82.34%. Eswatini ranks 49th out of 163 countries in this attribute.

Merchandise trade (% of GDP): Eswatini's merchandise trade is 84.30% of its GDP, significantly higher than the average of 60.01%. Eswatini ranks 31st out of 186 countries.

Trade in services (% of GDP): Eswatini's trade in services is 6.43% of its GDP, below the average of 24.63%. Eswatini ranks 148th out of 171 countries.

External balance on goods and services (current US$): Eswatini's external balance is $117,418,105.10, much lower than the average of $3,405,509,011.13. Eswatini ranks 63rd out of 163 countries.

External balance on goods and services (% of GDP): Eswatini's external balance is 2.95% of its GDP, above the average of -5.97%. Eswatini ranks 42nd out of 163 countries in this attribute.

Summary

Eswatini has a strong reliance on trade, with both total trade and merchandise trade accounting for a significant portion of its GDP, surpassing global averages. However, the country lags behind in trade in services, indicating a potential area for diversification. Despite having a positive external balance on goods and services as a percentage of GDP, the absolute value is relatively low compared to the average, suggesting room for growth in trade volume. These indicators are crucial as they highlight Eswatini's economic openness, competitiveness, and potential for expanding its trade relationships on both goods and services fronts.

Net Trade

Analysis of key macroeconomic attributes for Eswatini:

1. Current account balance (BoP, current US$): Eswatini's current account balance is $270,941,987.29, which is below the average of $1,443,864,831.49. Eswatini ranks 57 out of 170 countries in this attribute.

2. Current account balance (% of GDP): Eswatini's current account balance as a percentage of GDP is 6.80%, significantly higher than the average of -2.36%. Eswatini ranks 19 out of 170 countries in this attribute.

3. Net trade in goods and services (BoP, current US$): Eswatini's net trade in goods and services stands at $121,627,075.14, below the average of $2,604,730,003.57. Eswatini ranks 65 out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Eswatini's net primary income is -$403,641,324.24, below the average of -$903,807,529.74. Eswatini ranks 81 out of 170 countries in this attribute.

5. Net secondary income (BoP, current US$): Eswatini's net secondary income is $552,956,236.39, above the average of -$269,227,340.40. Eswatini ranks 76 out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Eswatini's net trade in goods is $240,825,502.73, below the average of $1,302,831,005.68. Eswatini ranks 63 out of 171 countries in this attribute.

7. Net capital account (BoP, current US$): Eswatini's net capital account is $2,111,456.49, below the average of $136,543,824.05. Eswatini ranks 116 out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Eswatini's net financial account is $225,195,251.76, above the average of -$469,840,994.63. Eswatini ranks 61 out of 170 countries in this attribute.

Summary

Eswatini demonstrates a positive current account balance relative to its GDP, ranking 19th globally, while showcasing a notably high net secondary income positioned above the international average. Despite a deficit in net primary income, the country maintains stability in its net financial account. These indicators are crucial as they reflect Eswatini's ability to manage international trade, attract foreign investment, and generate income from various sources, all of which are vital for sustainable economic growth and development.

Broad Export Attributes

1. Eswatini's Exports of goods, services and primary income (BoP, current US$) amount to 1911040252.64, which is significantly below the attribute average of 146238908936.30. Eswatini ranks 138 out of 170 countries in this dataset.

2. The country's Exports of goods and services (BoP, current US$) stand at 1807821427.20, falling below the attribute average of 122938540059.78. Eswatini occupies the 134th position out of 170 countries.

3. Eswatini's Exports of goods and services (current US$) are 1788682376.32, also below the attribute average of 129596864610.19. The country ranks 129 out of 163 included countries.

4. In terms of Exports of goods and services (% of GDP), Eswatini's value is 44.92, above the attribute average of 38.19. Eswatini ranks 41 out of 163 countries in this metric.

5. Eswatini's Goods exports (BoP, current US$) amount to 1739331217.79, lower than the attribute average of 93310581697.39. The country is ranked 130 out of 171 countries.

6. The International tourism receipts (% of total exports) for Eswatini are at 0.40, significantly lower than the attribute average of 9.74. Eswatini ranks 116 out of 120 countries for this indicator.

7. For ICT goods exports (% of total goods exports), Eswatini's value is 0.07, below the attribute average of 3.81. Eswatini ranks 119 out of 142 countries in this aspect.

Summary

Eswatini's exports across various categories, such as goods, services, and primary income, are consistently below the global average, resulting in lower rankings when compared to other countries. The country's higher percentage of GDP from exports indicates a reliance on external markets for economic growth. The low international tourism receipts and ICT goods exports suggest potential areas for diversification and growth in export revenue streams.

Merchandise Exports

Eswatini's merchandise exports amount to $1,752,000,000, ranking 137th out of 187 countries, significantly below the average of $89,542,711,229.95.

The country's agricultural raw materials exports account for 5.31% of its merchandise exports, ranking 24th out of 151 countries, higher than the average of 2.97%.

Eswatini's food exports represent 30.84% of its merchandise exports, ranking 42nd out of 152 countries, above the average of 24.06%.

Only 1.13% of Eswatini's merchandise exports are fuel, placing it 103rd out of 147 countries, well below the average of 13.70%.

The country's ores and metals exports constitute 0.17% of its merchandise exports, ranking 147th out of 152 countries, significantly lower than the average of 9.10%.

Summary

Eswatini's export profile is characterized by a heavy reliance on food exports, with a significant portion of its merchandise exports coming from agricultural raw materials. However, the country lags behind in exporting fuel and ores/metals compared to global averages. These indicators are important as they highlight Eswatini's strengths and weaknesses in diversifying its export base, which is crucial for long-term economic sustainability and resilience against market fluctuations.

Technology Exports

Manufactures exports (% of merchandise exports): Eswatini's value of 62.51% is above the average of 42.62%. The country ranks 52 out of 152 countries in this attribute.

High-technology exports (current US$): Eswatini's value of $3,735,562 is significantly below the average of $16,655,934,078.80. The country ranks 125 out of 151 countries in this attribute.

High-technology exports (% of manufactured exports): Eswatini's value of 0.34% is below the average of 10.15%. The country ranks 145 out of 150 countries in this attribute.

Medium and high-tech exports (% manufactured exports): Eswatini's value of 19.09% is below the average of 34.29%. The country ranks 97 out of 149 countries in this attribute.

Summary

Eswatini performs well in the share of manufactured exports, ranking above the global average. However, the country lags behind significantly in high-technology exports, both in absolute terms and as a percentage of manufactured exports, ranking quite low compared to other nations. This suggests a potential gap in technological advancements and innovation, which are crucial for long-term economic growth, diversification, and competitiveness in the global market.

Service Exports

Eswatini's Service exports amount to $68,490,209.40, significantly below the average of $28,917,292,503.82, ranking at 159 out of 171 countries.

ICT service exports for Eswatini are valued at $3,487,758.69, below the average of $4,578,501,153.77, ranking at 154 out of 166 countries.

Eswatini's ICT service exports (% of service exports) stand at 5.09%, lower than the average of 11.75%, ranking at 113 out of 166 countries.

In terms of Communications, computer, etc. (% of service exports), Eswatini's value is 75.53%, higher than the average of 45.85%, ranking 19 out of 169 countries.

Transport services (% of service exports) for Eswatini are at 0.78%, significantly below the average of 21.80%, ranking at 165 out of 169 countries.

Eswatini's Travel services (% of service exports) stand at 9.92%, below the average of 26.40%, ranking at 123 out of 167 countries.

Insurance and financial services (% of service exports) for Eswatini are 13.77%, above the average of 6.46%, ranking at 19 out of 161 countries.

Summary

Eswatini's service exports, ICT service exports, and various service export percentages generally fall below global averages, reflecting potential areas for growth and improvement in the country's service sector competitiveness. Notably, Eswatini performs relatively well in Communications, computer, etc. (% of service exports) and Insurance and financial services (% of service exports), indicating strengths in these specific service export categories. Understanding these comparative rankings is important for policymakers and economists to identify strategic opportunities for enhancing Eswatini's service export capabilities and overall economic performance.

Commercial Service Exports

1. Eswatini's commercial service exports amount to $66,260,306.57, which is significantly below the average of $28,508,218,402.80. The country ranks 160th out of 171 countries in this attribute.

2. Travel services account for 10.25% of Eswatini's commercial service exports, lower than the average of 27.89%. Eswatini ranks 124th out of 167 countries in this category.

3. Eswatini's computer, communications, and other services make up 74.71% of its commercial service exports, surpassing the average of 42.44%. The country ranks 14th out of 169 nations for this metric.

4. Insurance and financial services contribute 14.23% to Eswatini's commercial service exports, notably above the average of 6.97%. The country ranks 18th out of 161 nations in this area.

5. Transport services make up 0.81% of Eswatini's commercial service exports, significantly lower than the average of 23.37%. Eswatini ranks 166th out of 169 countries for this attribute.

Summary

Eswatini's commercial service exports are significantly below the global average, with the country ranking comparatively low across various service sectors. Despite performing well in computer, communications, and other services, Eswatini lags behind in travel services and transport services. These findings are crucial as they highlight areas where Eswatini can focus on improving its export competitiveness to better align with global trends and norms, ultimately enhancing its overall economic performance and connectivity on the international stage.

Broad Import Attributes

When it comes to Imports of goods and services (current US$), Eswatini falls below the average compared to other countries. With a value of 1671264271.21867, Eswatini ranks 140th out of 163 countries in the dataset.

In terms of Imports of goods and services (% of GDP), Eswatini's value of 41.97% is slightly below the average of 44.15%. The country ranks 67th out of 163 countries in this aspect.

Regarding International tourism, expenditures (% of total imports), Eswatini's value of 2.16% is below the average of 3.98%. This places Eswatini at the 93rd position out of 131 countries.

For ICT goods imports (% total goods imports), Eswatini's value of 2.33% is significantly lower than the average of 6.85%. Eswatini ranks 132nd out of 143 countries in this category.

When it comes to Goods imports (BoP, current US$), Eswatini's value of 1498505715.06167 is notably below the average of 92007788027.16908. Eswatini occupies the 144th position out of 171 countries in this metric.

For Imports of goods and services (BoP, current US$), Eswatini's value of 1686194352.06063 is below the average of 120321577988.12045. The country ranks 146th out of 170 countries in this regard.

Lastly, in Imports of goods, services and primary income (BoP, current US$), Eswatini's value of 2193054501.73647 is also below the average of 144514428722.27856. Eswatini ranks 144th out of 170 countries in this specific category.

Summary

Eswatini consistently falls below the average in various key macroeconomic indicators related to imports of goods and services, tourism expenditures, and ICT goods imports when compared to a dataset of countries. These rankings suggest that Eswatini may have challenges in terms of diversifying its import sources, leveraging international tourism as a revenue stream, and adopting ICT goods for economic development. Addressing these shortcomings could help Eswatini enhance its economic resilience, competitiveness, and overall development in the global market.

Merchandise Imports

1. Eswatini's merchandise imports amount to $1.6 billion, which is significantly below the average of $89.4 billion, ranking 151 out of 190 countries.

2. The country's manufactures imports account for 61.46% of its total merchandise imports, slightly below the average of 66.76%, placing Eswatini at the 114th position out of 152 countries.

3. Eswatini's agricultural raw materials imports constitute 1.45% of its merchandise imports, slightly higher than the average of 1.27%, placing the country at the 49th position out of 152 countries.

4. Food imports represent 20.39% of Eswatini's merchandise imports, higher than the average of 15.89%, ranking the country 36th out of 152 countries.

5. Fuel imports contribute 14.53% to Eswatini's merchandise imports, higher than the average of 11.38%, placing the country at the 37th position out of 152 countries.

6. Eswatini's ores and metals imports represent 1.14% of merchandise imports, lower than the average of 2.57%, placing the country at the 105th position out of 152 countries.

7. The country's residual imports account for 0.68% of the total merchandise imports, significantly below the average of 2.51%, placing Eswatini at the 72nd position out of 180 countries.

Summary

Eswatini's trade profile indicates a specific focus on food and fuel imports, with higher-than-average percentages in these categories compared to global averages. This suggests a reliance on imports for essential goods like food and energy. However, the country's lower imports of ores and metals and residual items may indicate opportunities for domestic production and self-sufficiency in these areas. Understanding these import dynamics is crucial for Eswatini's economic resilience, resource diversification, and overall trade balance.

Service Imports

Analysis of Key Service Import Statistics for Eswatini:

1. Service imports (BoP, current US$): Eswatini's value of $187,688,636.99 is significantly below the average of $27,615,356,170.47, ranking 156 out of 171 countries.

2. Communications, computer, etc. (% of service imports, BoP): Eswatini's percentage of 61.88% is above the average of 44.40%, placing it at rank 29 out of 169 countries.

3. Transport services (% of service imports, BoP): Eswatini's percentage of 17.21% is below the average of 32.90%, ranking 145 out of 169 countries.

4. Travel services (% of service imports, BoP): Eswatini's percentage of 19.27% is above the average of 14.14%, positioning it at rank 41 out of 169 countries.

5. Insurance and financial services (% of service imports, BoP): Eswatini's percentage of 1.65% is below the average of 8.53%, ranking 158 out of 169 countries.

Summary

Eswatini's service imports amount to $187,688,636.99, significantly below the global average, ranking 156 out of 171 countries. The country has a higher reliance on communications, computer, etc. services compared to the average, but lags behind in transport services and insurance/financial services. This indicates a potential imbalance in the types of services imported, which could impact Eswatini's economy and development strategies as it may reflect certain sectoral priorities and deficiencies.

Commercial Service Imports

Commercial service imports (current US$): Eswatini's value for this attribute is significantly lower than the average, ranking 157 out of 171 countries. This indicates a relatively low level of commercial service imports compared to other nations.

Computer, communications, and other services (% of commercial service imports): Eswatini's value is above the average, ranking 40 out of 169 countries. This suggests that Eswatini allocates a relatively higher percentage of its commercial service imports to these sectors.

Insurance and financial services (% of commercial service imports): Eswatini's value for this attribute is below the average, ranking 159 out of 169 countries. This implies that Eswatini assigns a lower percentage of its commercial service imports to insurance and financial services compared to most other nations.

Transport services (% of commercial service imports): Eswatini's value is below the average, ranking 140 out of 169 countries. This indicates that Eswatini spends a lower percentage of its commercial service imports on transport services compared to a majority of the countries in the dataset.

Travel services (% of commercial service imports): Eswatini's value is above the average, ranking 40 out of 169 countries. This signifies that Eswatini devotes a relatively higher percentage of its commercial service imports to travel services compared to a substantial number of other nations.

Summary

Eswatini's macroeconomic indicators reveal a unique pattern in its commercial service imports. While the country shows lower-than-average allocations to insurance and financial services as well as transport services, it devotes a higher percentage to computer, communications, and other services, as well as travel services. This mix suggests a strategic focus on sectors that drive innovation, technology, and tourism, potentially enhancing economic diversification and growth in Eswatini.

Infrastructure

In terms of Air transport, freight (million ton-km), Eswatini's value is significantly below the average by 1384.35 million ton-km, ranking at 121 out of 126 countries in the dataset.

For Air transport, registered carrier departures worldwide, Eswatini's value of 561 departures is far below the average with a difference of 133804.61 departures, placing it at rank 141 out of 149 countries.

When it comes to Air transport, passengers carried, Eswatini's value of 10647 passengers is substantially below the average by 11837595.70 passengers, ranking it at 141 out of 149 countries in the dataset.

Summary

Eswatini significantly lags behind the global average in key air transport indicators such as freight, registered carrier departures, and passengers carried. This suggests limited connectivity and economic activity in the country's air transport sector compared to its global counterparts. Improving these metrics is crucial for Eswatini's economic development as enhanced air transport capabilities facilitate trade, tourism, and overall connectivity with the rest of the world.

Information Technology Infrastructure

Summary

Energy Consumption

1. Eswatini's renewable energy consumption stands at 66.01% of total final energy consumption, which is significantly above the average of 32.18%. This places Eswatini at rank 31 out of 191 countries included in the data.

2. In terms of CO2 emissions, Eswatini produces 1147.7 kt, well below the average of 171895.94 kt. This places Eswatini at rank 155 out of 188 countries in the dataset.

Summary

Eswatini's strong reliance on renewable energy, with 66.01% of total final energy consumption coming from renewable sources, places it well above the global average of 32.18%. Additionally, the country's comparatively low CO2 emissions of 1147.7 kt, in contrast to the average of 171895.94 kt, indicate its commitment to environmental sustainability. These statistics reflect Eswatini's proactive approach towards mitigating climate change and transitioning towards a greener and more sustainable economy, setting a positive example for other nations to follow.

Government Balance Sheet

Eswatini's total reserves (% of total external debt) stand at 56.99%, ranking 32 out of 102 countries. This is below the attribute's average of 66.13%.

In terms of reserves and related items (BoP, current US$), Eswatini's value is -18,051,492.25, ranking last at 102 out of 171 countries. This significant deviation from the average of 1,924,407,186.58 reflects a concerning economic disparity.

Eswatini's total reserves minus gold (current US$) amount to 545,564,174.12, positioning it at 141 out of 161 countries. This value is considerably below the average of 74,221,588,171.61.

Similarly, Eswatini's total reserves (includes gold, current US$) at 545,564,174.12 place it at 143 out of 161 countries, reflecting a deviation from the average of 85,708,019,773.47.

Eswatini's total reserves in months of imports are at 2.99, ranking 114 out of 151 countries. This falls short of the attribute average of 7.10, indicating a potential vulnerability in terms of import coverage.

Summary

Eswatini's macroeconomic indicators show concerning disparities in its reserve positions compared to global averages. The country ranks lower than average in total reserves, reserves and related items, total reserves minus gold, total reserves including gold, and total reserves in months of imports. These figures indicate a potential vulnerability in Eswatini's ability to cover its external debt, maintain financial stability, and ensure import coverage, highlighting the need for strategic economic reforms and prudent fiscal management to bolster its reserves and enhance economic resilience.

Taxes

For the attribute "Tariff rate, applied, weighted mean, all products (%)," Eswatini imposes a rate of 2.27%, which is below the average rate of 5.21%. This places Eswatini at a rank of 95 out of 153 countries in the dataset.

Summary

Eswatini applies a relatively low weighted mean tariff rate of 2.27%, compared to the average rate of 5.21% among countries in the dataset. This places Eswatini at the 95th position out of 153 countries. The lower tariff rate indicates a more open trade policy, potentially fostering increased international trade and economic growth for Eswatini by attracting foreign investments and promoting exports.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Rural population (% of total population)	16/190
Manufacturing, value added (% of GDP)	4/173
Computer, communications and other services (% of commercial service exports)	14/169

Ranks in Bottom Decile For:

Attribute	Rank/Total
Urban population (% of total population)	179/194
Arms imports (SIPRI trend indicator values)	104/113
Capture fisheries production (metric tons)	183/190
Total fisheries production (metric tons)	182/182
Medium and high-tech manufacturing value added (% manufacturing value added)	145/149
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)	111/123
International tourism, receipts (% of total exports)	116/120
Ores and metals exports (% of merchandise exports)	147/152
High-technology exports (% of manufactured exports)	145/150
Service exports (BoP, current US$)	159/171
ICT service exports (BoP, current US$)	154/166
Transport services (% of service exports, BoP)	165/169
Commercial service exports (current US$)	160/171
Transport services (% of commercial service exports)	166/169
ICT goods imports (% total goods imports)	132/143
Service imports (BoP, current US$)	156/171
Insurance and financial services (% of service imports, BoP)	158/169
Commercial service imports (current US$)	157/171
Insurance and financial services (% of commercial service imports)	159/169
Air transport, freight (million ton-km)	121/126
Air transport, registered carrier departures worldwide	141/149
Air transport, passengers carried	141/149