Swaziland

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Introduction - Swaziland:
Location - Swaziland:
People - Swaziland:
Government - Swaziland:
Economy - Swaziland:

Economy overview

In this small, landlocked economy, subsistence agriculture occupies more than 80% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp remain important foreign exchange earners. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. Surrounded by South Africa, except for a short border with Mozambique, Swaziland is heavily dependent on South Africa from which it receives more than nine-tenths of its imports and to which it sends 60% of its exports. Customs duties from the Southern African Customs Union and worker remittances from South Africa substantially supplement domestically earned income. The government is trying to improve the atmosphere for foreign investment. Overgrazing, soil depletion, drought, and sometimes floods persist as problems for the future. More than one-fourth of the population needed emergency food aid in 2004-05 because of drought, and nearly two-fifths of the adult population has been infected by HIV/AIDS.

Gdp purchasing power parity

$5.936 billion (2006 est.)

Gdp official exchange rate

$2.195 billion (2006 est.)

Gdp real growth rate

1.2% (2006 est.)

Gdp per capita ppp

$5,200 (2006 est.)

Gdp composition by sector

agriculture: 8.6%
industry: 49.7%
services: 41.7% (2006 est.)

Labor force

300,000 (2006)

Labor force by occupation

agriculture: NA%
industry: NA%
services: NA%

Unemployment rate

40% (2006 est.)

Population below poverty line

69% (2006)

Household income or consumption by percentage share

lowest 10%: 1%
highest 10%: 50.2% (1995)

Inflation rate consumer prices

5.4% (2006 est.)

Investment gross fixed

15.5% of GDP (2006 est.)

Budget

revenues: $984.6 million
expenditures: $1.019 billion; including capital expenditures of $147 million (2006 est.)

Agriculture products

sugarcane, cotton, corn, tobacco, rice, citrus, pineapples, sorghum, peanuts; cattle, goats, sheep

Industries

coal, wood pulp, sugar, soft drink concentrates, textile and apparel

Industrial production growth rate

3.7% (FY95/96)

Electricity production

156.3 million kWh (2005)

Electricity consumption

1.123 billion kWh (2005)

Electricity exports

0 kWh (2004)

Electricity imports

697 million kWh; note - electricity supplied by South Africa (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

3,500 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$23.13 million (2006 est.)

Exports

$2.201 billion f.o.b. (2006 est.)

Exports commodities

soft drink concentrates, sugar, wood pulp, cotton yarn, refrigerators, citrus and canned fruit

Exports partners

South Africa 59.7%, EU 8.8%, US 8.8%, Mozambique 6.2% (2006)

Imports

$2.274 billion f.o.b. (2006 est.)

Imports commodities

motor vehicles, machinery, transport equipment, foodstuffs, petroleum products, chemicals

Imports partners

South Africa 95.6%, EU 0.9%, Japan 0.9%, Singapore 0.3% (2006)

Reserves of foreign exchange and gold

$228.5 million (2006 est.)

Debt external

$417 million (2006)

Economic aid recipient

$104 million (2001)

Currency code

lilangeni (SZL)

Exchange rates

emalangeni per US dollar - 6.85 (2006), 6.3593 (2005), 6.4597 (2004), 7.5648 (2003), 10.5407 (2002)

Communications - Swaziland:
Transportation - Swaziland:
Military - Swaziland:
This page was last updated on 16 September, 2007
Source: CIA >>>


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