Economy
Nominal GDP
USD 4.88 billion
GDP per capita
USD 3,930
2021–2025 average
Currency
- Name
- Swazi lilangeni
Лилангени - ISO code
- SZL
- Rate against the US dollar
- USD 1 = 16.44 SZL
- Rate against the rouble
- 1 SZL = 5.0830 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- Common currency area (rand)
- Note
- 1:1 peg to the South African rand
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 6.9%
- Industry 34.1%
- Services 51.8%
Industries and programmes
- Key industries
- Sugar and beverage concentrates, forestry, textiles, and agriculture.
- Government programmes
- National Development Plan 2023/24–2027/28
- Strategic Roadmap
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 2.07 | 100.0 |
| 2022 | 1.99 | 96.1 |
| 2023 | 2.10 | 101.4 |
| 2024 | 2.33 | 112.6 |
| 2025 | 2.37 | 114.5 |
- Imports of goods
- USD 2.19 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 2.61 billion 2024Source: World Bank, national accounts. Period: 2024
- Change in exports of goods, 2021–2025
- +14.5%
- Average annual rate of change in exports of goods, 2021–2025
- +3.4%
Export specialisation
Main export products
share of exports of goods, %, 2023 Source: UN Comtrade, 2023; share of total merchandise exports, HS chapters (2 digits). Period: 2023
Main export destinations
share of exports of goods, %, 2023 Source: UN Comtrade, 2023; share of total merchandise exports, HS chapters (2 digits). Period: 2023
Investment areas
- Agro-processing
- Textiles
- Renewable energy
- Tourism and logistics
- ICT
- Healthcare and pharmaceuticals
- Water supply and sanitation
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Absent
Double taxation
There is no double taxation agreement with Russia.
Absent
Visa requirements
Russian citizens holding ordinary passports may enter visa-free. Visa requirements were abolished on 12 June 2007.
Source: Russian Ministry of Foreign Affairs (https://www.kdmid.ru/docs/eswatini/information-about-the-country/)Visa-free
Peaceful nuclear energy
No information
Other agreements
- Agreement on the Mutual Protection of Intellectual Property Resulting from Military-Technical Cooperation (2019).
- Agreement on Visa-Free Travel for Holders of Diplomatic and Service Passports (24 January 2023).
Incentives
- Main regimes and incentives
SEZ Act 2018: 0% corporate income tax for the first 20 years, duty exemptions, and incentives for manufacturers.
- Type of measure
- Investment agency
- EIPA — Eswatini Investment Promotion Authority
