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Economy of Antigua and Barbuda vs Eswatini compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $4.86B for Eswatini, ranking 177/197 and 162/197 by economy size, respectively.

Antigua and Barbuda has $1.49B in government debt (67.6% of GDP), compared to $1.93B (39.8% of GDP) in Eswatini.

Antigua and Barbuda vs Eswatini GDP by year

Antigua and Barbuda
Eswatini
1x
Year GDP, current $
Antigua Eswatini
2024 $2,207,622,874 $4,858,885,841
2023 $2,005,785,185 $4,621,191,262
2022 $1,866,566,667 $4,746,660,274
2021 $1,602,125,926 $4,807,069,277
2020 $1,411,637,037 $4,134,677,810
2019 $1,726,448,148 $4,617,018,959
2018 $1,661,529,630 $4,643,751,059
2017 $1,534,855,556 $4,462,640,651
2016 $1,489,603,704 $3,722,306,117
2015 $1,437,485,185 $3,908,217,914
2014 $1,378,707,407 $4,285,065,665
2013 $1,325,496,296 $4,463,396,204
2012 $1,364,729,630 $4,747,813,067
2011 $1,287,359,259 $4,722,912,047
2010 $1,298,348,148 $4,360,714,359
2009 $1,386,518,519 $3,525,213,502
2008 $1,557,640,741 $3,235,921,171
2007 $1,487,381,481 $3,391,122,887
2006 $1,303,674,074 $3,215,307,901
2005 $1,143,896,296 $3,097,946,371
2004 $1,026,329,630 $2,710,331,785
2003 $948,100,000 $2,149,632,433
2002 $898,092,593 $1,393,945,031
2001 $877,774,074 $1,502,870,486
2000 $901,003,704 $1,697,161,558
1999 $835,544,444 $1,547,888,496
1998 $789,788,889 $1,576,908,856
1997 $734,422,222 $1,716,714,070
1996 $679,140,741 $1,602,741,834
1995 $616,051,852 $1,698,989,464
1994 $625,081,481 $1,419,294,254
1993 $565,662,963 $1,357,189,552
1992 $525,133,333 $1,284,759,928
1991 $504,337,037 $1,156,135,718
1990 $478,718,519 $1,114,694,041
1989 $455,174,074 $696,921,542
1988 $411,396,296 $692,026,455
1987 $346,866,667 $584,126,092
1986 $297,562,963 $449,140,318
1985 $246,370,370 $360,079,419
1984 $212,214,815 $494,483,409
1983 $184,866,667 $555,336,146
1982 $166,444,444 $537,568,059
1981 $149,388,889 $570,774,825
1980 $132,451,852 $541,976,853
1979 $109,596,296 $412,093,134
1978 $88,040,741 $340,630,085
1977 $77,507,407 $304,060,076
1976 - $272,550,068
1975 - $288,299,789
1974 - $264,320,941
1973 - $221,915,128
1972 - $146,736,479
1971 - $136,462,081
1970 - $112,139,955
1969 - $105,419,958
1968 - $79,799,968
1967 - $74,759,970
1966 - $76,859,969
1965 - $70,279,972
1964 - $64,980,554
1963 - $54,129,438
1962 - $45,927,962
1961 - $43,026,043
1960 - $35,076,846

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/eswatini | CC BY

GDP per capita in Antigua and Barbuda vs Eswatini by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,542 $33,386 $3,910 $11,799
2023 $21,495 $31,602 $3,756 $11,300
2022 $20,105 $29,934 $3,894 $10,635
2021 $17,349 $25,745 $3,984 $9,990
2020 $15,370 $22,370 $3,467 $9,329
2019 $18,896 $26,551 $3,913 $9,248
2018 $18,273 $24,524 $3,973 $8,535
2017 $16,966 $21,422 $3,853 $8,584
2016 $16,557 $21,320 $3,238 $8,484
2015 $16,078 $20,985 $3,420 $8,391
2014 $15,532 $21,671 $3,771 $8,366
2013 $15,052 $21,761 $3,950 $8,231
2012 $15,640 $23,012 $4,225 $7,760
2011 $14,912 $23,804 $4,225 $7,571
2010 $15,217 $24,071 $3,923 $7,324
2009 $16,472 $26,157 $3,190 $7,011
2008 $18,787 $29,978 $2,947 $6,914
2007 $18,205 $29,851 $3,109 $6,732
2006 $16,174 $26,949 $2,965 $6,319
2005 $14,369 $23,485 $2,871 $5,773
2004 $13,038 $21,629 $2,526 $5,310
2003 $12,173 $20,127 $2,015 $5,020
2002 $11,659 $18,813 $1,316 $4,742
2001 $11,539 $18,569 $1,430 $4,521
2000 $12,027 $19,319 $1,630 $4,401
1999 $11,342 $18,088 $1,502 $4,272
1998 $10,907 $17,496 $1,547 $4,137
1997 $10,336 $16,836 $1,705 $4,038
1996 $9,756 $16,017 $1,619 $3,916
1995 $9,034 $15,062 $1,751 $3,777
1994 $9,351 $15,736 $1,461 $3,526
1993 $8,625 $14,720 $1,397 $3,371
1992 $8,154 $13,908 $1,362 $3,289
1991 $7,956 $13,658 $1,273 $3,236
1990 $7,591 $12,996 $1,278 $3,202
1989 $7,188 - $832 -
1988 $6,466 - $865 -
1987 $5,424 - $765 -
1986 $4,629 - $611 -
1985 $3,814 - $510 -
1984 $3,271 - $726 -
1983 $2,847 - $843 -
1982 $2,569 - $843 -
1981 $2,310 - $925 -
1980 $2,053 - $908 -
1979 $1,705 - $714 -
1978 $1,375 - $610 -
1977 $1,214 - $563 -
1976 - - $521 -
1975 - - $568 -
1974 - - $536 -
1973 - - $463 -
1972 - - $315 -
1971 - - $301 -
1970 - - $254.2 -
1969 - - $245.2 -
1968 - - $190.4 -
1967 - - $182.8 -
1966 - - $192.7 -
1965 - - $181 -
1964 - - $171.6 -
1963 - - $146.4 -
1962 - - $127.1 -
1961 - - $121.8 -
1960 - - $101.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/eswatini | CC BY

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $3,910 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Eswatini ranks 126th at $11,799.

Economic indicators

Antigua Eswatini
Gross domestic product
$2.21B
2024
$4.86B
2024
GDP rank
177/197
2024
162/197
2024
GDP growth
3.66%
2023-2024
2.97%
2023-2024
GDP per capita
$23,542
2024
$3,910
2024
GDP per capita rank
53/197
2024
131/197
2024
GDP per capita, PPP
$33,386
2024
$11,799
2024
GDP per capita PPP rank
66/197
2024
126/197
2024
Government debt
$1.49B
2024
$1.93B
2024
Debt-to-GDP ratio
67.6%
2024
39.8%
2024
Government debt per person
$15,910
2024
$1,554
2024
Government debt per person rank
39/185
2024
130/185
2024
Average annual personal income after taxes
$16,563
2026
$3,913
2026
Market capitalization of domestic companies n/a
$234M
2007
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
42.7%
2016
Income share by poorest 10% n/a
1.4%
2016
Government expenditure, % of GDP
19.8%
2024
33.3%
2024
Consumer prices inflation
6.2%
2023-2024
2.6%
2018-2019
Central bank interest rate n/a
6.75%
2025
Unemployment rate
5.37%
2023
34.6%
2023
Population
94757
1273390

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Eswatini
Spending

Debt
1x
Year % of GDP
Antigua Eswatini
Government spending Government debt Government spending Government debt
2024 19.8% 67.6% 33.3% 39.8%
2023 18.8% 76.3% 32% 40%
2022 20.7% 82% 29.6% 40.5%
2021 23.4% 93% 30.1% 38.4%
2020 26% 100.5% 32.7% 38.2%
2019 22.1% 81.6% 32.9% 30.7%
2018 21.5% 84.3% 32.2% 27%
2017 22.6% 88.2% 33.9% 21.9%
2016 23.8% 83.1% 34.7% 20.5%
2015 24.8% 92.1% 35.3% 16.4%
2014 20.9% 91.9% 33.3% 14.3%
2013 20.7% 85.4% 29.4% 15.5%
2012 18.5% 76.9% 27.8% 15.2%
2011 21.1% 81.1% 26% 15.1%
2010 20% 79.4% 31.6% 14.5%
2009 32.1% 89.2% 34.5% 10.8%
2008 23.2% 66.8% 34.4% 15%
2007 23.8% 68.7% 31.2% 16.6%
2006 26% 79.1% 28.2% 15%
2005 21.5% 82.8% 29.7% 13.9%
2004 21.9% 107.7% 32% 15.5%
2003 24.2% 113% 26.4% 18%
2002 26.3% 114.5% 27.2% 17.6%
2001 24.2% 107.6% 26.4% 22.4%
2000 21.1% 96.4% 25.3% 18.7%
1999 20.3% 95.9% 26.5% 17.2%
1998 20.7% 94.6% 22.5% 15.9%
1997 16.8% 80.6% 21.2% 13%
1996 19.6% 85.5% 23.3% 12%
1995 21% 92.1% 20.5% 12.9%
1994 21.2% 84.5% 24.7% 13.8%
1993 19.4% 85.3% 24% 15.6%
1992 18.7% 90.8% 26% 16.6%
1991 20.8% 94.6% 20.3% 20.1%
1990 18.1% 94.1% 18.7% 20.4%
1989 - - 15.8% 26.8%
1988 - - 15.6% 27.5%
1987 - - 17% 36.1%
1986 - - 19.8% 44%
1985 - - 22.3% 45.5%
1984 - - 22.2% 29.7%
1983 - - 23.2% 28.7%
1982 - - 24% 29.2%
1981 - - 23.8% 24.3%
1980 - - 19.6% 27.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/eswatini | CC BY

In 2024, Antigua and Barbuda's government spending was $437M, accounting for 19.8% of its GDP, while Eswatini spent $1.62B, or 33.3% of GDP.

Debt-to-GDP ratio is 67.6% in Antigua and Barbuda and 39.8% in Eswatini, ranking 63/185 and 134/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Eswatini
1x
Year Deficit/surplus, % of GDP
Antigua Eswatini
2024 1.61% -1.36%
2023 -1.7% -0.67%
2022 -2.84% -5.4%
2021 -4.52% -4.68%
2020 -6.23% -4.27%
2019 -3.64% -6.26%
2018 -2.43% -6.72%
2017 -2.72% -5.68%
2016 -0.14% -8.54%
2015 -2.42% -6.03%
2014 -2.6% -1.18%
2013 -3.83% 0.59%
2012 -0.97% 3.48%
2011 -3.09% -4.02%
2010 -0.24% -9.52%
2009 -15.8% -3.06%
2008 -4.72% 1.63%
2007 -4.98% 2.44%
2006 -6.62% 8.88%
2005 -4.29% -1.7%
2004 -3.9% -4.1%
2003 -7.32% -2.15%
2002 -8.83% -3.78%
2001 -8.58% -2.31%
2000 -4.5% -1.22%
1999 -3.08% -1.27%
1998 -1.62% 1.07%
1997 0% 2.11%
1996 -1.61% -1%
1995 -3.89% 0.9%
1994 -4.33% -3.61%
1993 -2.45% -3.29%
1992 -0.81% -2.9%
1991 -3.91% 3.4%
1990 0.12% 5.61%
1989 - 5.82%
1988 - 3.23%
1987 - 2.03%
1986 - -2.41%
1985 - -1.33%
1984 - 1.25%
1983 - -0.6%
1982 - 0.11%
1981 - -4.29%
1980 - 6.55%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/eswatini | CC BY

In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $35.6M, equivalent to 1.61% of GDP. This compares to Eswatini's deficit of $66.2M, or 1.36% of GDP.

Over the past 35 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Eswatini ran a deficit in 25 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.63% of GDP, compared to deficit of 1.85% of GDP for Eswatini.

Inflation comparison by year

Inflation
Antigua and Barbuda

Eswatini
1x
Year Consumer prices inflation
Antigua Eswatini
2024 6.2% -
2023 5.1% -
2022 7.5% -
2021 1.6% -
2020 1.1% -
2019 1.4% 2.6%
2018 1.2% 4.82%
2017 2.4% 6.22%
2016 -0.5% 7.85%
2015 1% 4.95%
2014 1.1% 5.68%
2013 1.1% 5.62%
2012 3.4% 8.94%
2011 3.5% 6.11%
2010 3.4% 4.51%
2009 -0.6% 7.45%
2008 5.3% 12.7%
2007 1.4% 8.08%
2006 1.8% 5.3%
2005 2.1% 4.77%
2004 2% 3.45%
2003 2% 7.29%
2002 2.4% 12%
2001 1.9% 5.94%
2000 -0.2% 12.2%
1999 1.1% 6.09%
1998 3.3% 8.11%
1997 0.4% 7.13%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/eswatini | CC BY

Over the past 23 years, Antigua and Barbuda has recorded an average annual inflation rate of 1.78%, compared with 6.86% in Eswatini. In 2019, inflation was 6.2% in Antigua and Barbuda and 2.6% in Eswatini.

Balance of trade

Antigua Eswatini
Current account balance
-$181M
2024
$78.3M
2024
Current account balance ranking
98/190
2024
69/190
2024
Current account balance, % of GDP
-8.22%
2024
+1.61%
2024
Goods imports
$726M
2024
$2.07B
2024
Goods exports
$72.1M
2024
$2.33B
2024
Service imports
$557M
2024
$542M
2024
Service exports
$1.24B
2024
$234M
2024
Imports of goods and services, % of GDP
63%
2022
53.7%
2024
Exports of goods and services, % of GDP
54.7%
2022
53.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Eswatini
Economic freedom 56 57.5
Economic freedom ranking 125/197 116/197
Property rights n/a 42.5
Government integrity n/a 29.7
Judicial effectiveness n/a 35.5
Tax burden n/a 78.6
Government spending n/a 71
Fiscal health n/a 87.5
Business freedom n/a 49.9
Labor freedom n/a 55.2
Monetary freedom n/a 76.8
Trade freedom n/a 73.6
Investment freedom n/a 50
Financial freedom n/a 40

Other economic metrics

Antigua Eswatini
Services, % of GDP
69.1%
2023
51.4%
2024
Industry, % of GDP
19%
2023
34.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
6.48%
2024
GNI, Atlas method
$1.98B
2024
$4.46B
2024
GNI per capita, PPP
$31,730
2024
$10,760
2024
Total reserves including gold
$358M
2024
$479M
2023
Total reserves ranking
164/177
2024
159/177
2023
Net foreign direct investment
-$253M
2024
-$11.8M
2024
Net inflows of foreign direct investment
$246M
2024
$75.5M
2024
Net outflows of foreign direct investment
-$68.4K
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI n/a
4.68%
2024
Poverty at national poverty lines n/a
58.9%
2016
Gross capital formation, % of GDP n/a
15%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/antigua-and-barbuda/eswatini | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.