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Economy of Central African Republic vs Eswatini compared: GDP & Debt

Updated on by Georank team

The Central African Republic has a GDP of $2.75B compared to $4.89B for Eswatini, ranking 171/197 and 162/197 by economy size, respectively.

The Central African Republic has $1.67B in government debt (58.3% of GDP), compared to $1.82B (38.7% of GDP) in Eswatini.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Central African Republic
GDP, current $

GDP, constant 2015 $
Eswatini
GDP, current $

GDP, constant 2015 $
Year GDP
CAR Eswatini
Current $ Constant $ Current $ Constant $
1960 $112,155,598 $980,371,514 $35,076,846 -
1961 $123,134,583 $1,028,934,744 $43,026,043 -
1962 $124,482,774 $990,722,164 $45,927,962 -
1963 $129,379,124 $983,717,651 $54,129,438 -
1964 $142,025,079 $1,004,182,172 $64,980,554 -
1965 $150,574,795 $1,013,697,588 $70,279,972 -
1966 $157,930,018 $1,020,233,745 $76,859,969 -
1967 $163,820,514 $1,067,946,130 $74,759,970 -
1968 $191,767,442 $1,082,941,303 $79,799,968 -
1969 $188,039,210 $1,159,738,546 $105,419,958 -
1970 $189,106,529 $1,186,793,864 $112,139,955 $401,852,565
1971 $201,450,800 $1,200,207,037 $136,462,081 $457,081,710
1972 $230,317,883 $1,200,196,629 $146,736,479 $481,875,167
1973 $271,183,082 $1,222,867,623 $221,915,128 $525,333,916
1974 $281,398,706 $1,300,385,612 $264,320,941 $555,506,401
1975 $378,660,016 $1,305,652,006 $288,299,789 $632,768,698
1976 $451,152,461 $1,376,581,800 $272,550,068 $619,357,559
1977 $507,298,148 $1,428,977,737 $304,060,076 $625,610,549
1978 $610,578,632 $1,446,257,442 $340,630,085 $633,913,207
1979 $700,764,748 $1,410,605,203 $412,093,134 $653,608,542
1980 $797,048,199 $1,347,429,290 $541,976,853 $734,976,610
1981 $694,803,623 $1,326,618,708 $570,774,825 $842,587,777
1982 $748,312,391 $1,428,977,737 $537,568,059 $852,467,691
1983 $658,679,333 $1,312,851,667 $555,336,146 $862,717,378
1984 $637,820,670 $1,437,332,673 $494,483,409 $915,875,910
1985 $864,849,836 $1,493,779,883 $360,079,419 $950,609,732
1986 $1,122,265,013 $1,547,227,017 $449,140,318 $1,067,197,054
1987 $1,200,991,978 $1,470,809,662 $584,126,092 $1,223,078,154
1988 $1,264,899,288 $1,495,962,938 $692,026,455 $1,303,432,207
1989 $1,233,930,281 $1,525,542,171 $696,921,542 $1,471,719,695
1990 $1,440,711,459 $1,492,780,725 $1,114,694,041 $1,781,045,749
1991 $1,377,374,987 $1,484,532,469 $1,156,135,718 $1,812,398,860
1992 $1,411,917,553 $1,389,164,943 $1,284,759,928 $1,870,870,590
1993 $1,278,781,262 $1,393,822,475 $1,357,189,552 $1,928,981,970
1994 $851,174,357 $1,462,119,071 $1,419,294,254 $1,975,290,870
1995 $1,115,389,674 $1,567,392,310 $1,698,989,464 $2,070,611,521
1996 $1,007,791,127 $1,504,695,161 $1,602,741,834 $2,150,165,529
1997 $937,741,513 $1,584,443,042 $1,716,714,070 $2,216,880,978
1998 $967,338,390 $1,658,914,120 $1,576,908,856 $2,274,609,434
1999 $999,477,511 $1,718,634,612 $1,547,888,496 $2,341,730,319
2000 $916,777,283 $1,675,850,365 $1,738,093,840 $2,382,948,839
2001 $932,648,605 $1,750,672,710 $1,542,477,309 $2,408,083,352
2002 $996,068,145 $1,813,986,527 $1,432,221,739 $2,513,559,784
2003 $1,142,315,523 $1,716,076,873 $2,197,598,466 $2,611,091,276
2004 $1,272,360,517 $1,818,953,694 $2,770,082,792 $2,705,714,981
2005 $1,337,894,379 $1,835,473,623 $3,178,112,499 $2,868,024,775
2006 $1,461,859,762 $1,923,045,638 $3,291,330,019 $3,039,881,607
2007 $1,699,811,295 $2,011,650,636 $3,469,381,231 $3,174,711,772
2008 $1,993,407,888 $2,052,972,574 $3,294,084,314 $3,200,797,233
2009 $2,067,381,665 $2,229,266,676 $3,580,428,053 $3,250,891,273
2010 $2,142,591,540 $2,332,499,968 $4,438,765,086 $3,374,222,126
2011 $2,437,982,705 $2,430,339,369 $4,820,478,680 $3,450,048,645
2012 $2,510,126,512 $2,553,162,919 $4,886,551,484 $3,636,235,032
2013 $1,691,544,110 $1,624,016,454 $4,464,726,181 $3,776,637,841
2014 $1,894,813,389 $1,625,333,053 $4,286,015,248 $3,830,866,489
2015 $1,695,825,714 $1,695,825,714 $3,909,281,650 $3,909,281,650
2016 $1,825,018,145 $1,776,382,809 $3,724,180,911 $4,092,073,634
2017 $2,072,349,973 $1,856,804,601 $4,463,673,661 $4,151,686,675
2018 $2,220,979,146 $1,927,167,164 $4,644,696,656 $4,162,339,322
2019 $2,221,301,351 $1,986,909,346 $4,616,996,145 $4,415,541,767
2020 $2,326,720,900 $2,004,791,530 $4,120,621,325 $4,289,130,011
2021 $2,516,498,412 $2,024,497,026 $4,785,708,166 $4,436,460,293
2022 $2,382,618,615 $2,033,686,257 $4,741,163,885 $4,486,130,489
2023 $2,555,492,086 $2,047,921,418 $4,604,172,127 $4,640,654,280
2024 $2,751,544,520 $2,079,451,881 $4,891,883,720 $4,763,200,252

Economic indicators

CAR Eswatini
Gross domestic product
$2.75B
2024
$4.89B
2024
GDP rank
171/197
2024
162/197
2024
GDP growth
7.67%
2023-2024
6.25%
2023-2024
GDP per capita
$516
2024
$3,936
2024
GDP per capita rank
194/197
2024
131/197
2024
GDP per capita, PPP
$1,264
2024
$11,784
2024
Government debt
$1.67B
2024
$1.82B
2024
Debt-to-GDP ratio
58.3%
2025
38.7%
2025
Government debt per person
$313
2024
$1,465
2024
Government debt per person rank
178/185
2024
129/185
2024
Average annual personal income after taxes
$1,261
2025
$3,418
2025
Market capitalization of domestic companies n/a
$234M
2007
Number of billionaires n/a
1
2025
Income share by richest 10%
33.1%
2021
42.7%
2016
Income share by poorest 10%
2.1%
2021
1.4%
2016
Government expenditure, % of GDP
17.9%
2025
32.8%
2025
Consumer prices inflation
4.6%
2024-2025
2.6%
2018-2019
Central bank interest rate n/a
7%
2024
Unemployment rate
6.9%
2017
34.6%
2023
Population
5662456
1267161

GDP per capita in Central African Republic vs Eswatini

The Central African Republic's GDP per capita is $516, ranking 194/197, compared to $3,936 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), the Central African Republic ranks 195th at $1,264, while Eswatini ranks 125th at $11,784.

Central African Republic
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
Year Current $
CAR Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $65.9 - $101.6 -
1961 $71 - $121.8 -
1962 $70.4 - $127.1 -
1963 $71.8 - $146.4 -
1964 $77.2 - $171.6 -
1965 $80.2 - $181 -
1966 $82.3 - $192.7 -
1967 $83.6 - $182.8 -
1968 $95.6 - $190.4 -
1969 $91.7 - $245.2 -
1970 $90.2 - $254.2 -
1971 $94.1 - $301 -
1972 $105.5 - $315 -
1973 $121.8 - $463 -
1974 $124 - $536 -
1975 $163.6 - $568 -
1976 $192.1 - $521 -
1977 $213.8 - $563 -
1978 $254.6 - $610 -
1979 $289.1 - $714 -
1980 $325 - $908 -
1981 $280.3 - $925 -
1982 $298.4 - $843 -
1983 $259.6 - $843 -
1984 $248.3 - $726 -
1985 $333 - $510 -
1986 $426 - $611 -
1987 $450 - $765 -
1988 $466 - $865 -
1989 $443 - $832 -
1990 $502 $620 $1,278 $3,218
1991 $465 $618 $1,273 $3,252
1992 $462 $573 $1,362 $3,305
1993 $405 $570 $1,397 $3,388
1994 $261.3 $592 $1,461 $3,544
1995 $333 $631 $1,751 $3,796
1996 $293.3 $601 $1,619 $3,935
1997 $265.5 $626 $1,705 $4,059
1998 $266.6 $645 $1,547 $4,157
1999 $268 $660 $1,502 $4,294
2000 $239.2 $640 $1,669 $4,423
2001 $238 $668 $1,468 $4,528
2002 $248.6 $688 $1,352 $4,762
2003 $278.4 $648 $2,060 $5,010
2004 $303 $690 $2,581 $5,299
2005 $312 $702 $2,945 $5,761
2006 $334 $743 $3,035 $6,264
2007 $381 $783 $3,181 $6,680
2008 $437 $798 $3,000 $6,818
2009 $456 $877 $3,240 $6,923
2010 $477 $936 $3,993 $7,231
2011 $534 $980 $4,312 $7,504
2012 $544 $1,062 $4,348 $7,756
2013 $364 $710 $3,951 $8,234
2014 $410 $699 $3,772 $8,368
2015 $366 $769 $3,421 $8,393
2016 $387 $826 $3,240 $8,488
2017 $432 $884 $3,854 $8,586
2018 $455 $906 $3,973 $8,537
2019 $449 $985 $3,913 $9,248
2020 $463 $1,066 $3,455 $9,298
2021 $492 $1,129 $3,966 $9,946
2022 $467 $1,218 $3,890 $10,665
2023 $496 $1,257 $3,742 $11,322
2024 $516 $1,264 $3,936 $11,784

Spending and national debt comparison

In 2024, the Central African Republic's government spending was $538M, accounting for 17.9% of its GDP, while Eswatini's spent $1.59B, or 32.8% of GDP.

Debt-to-GDP ratio is 58.3% in the Central African Republic and 38.7% in Eswatini, ranking 87/185 and 138/185, respectively.

Central African Republic
Government spending

Government debt
Eswatini
Government spending

Government debt
Year % of GDP
CAR Eswatini
Government spending Government debt Government spending Government debt
1980 - - 15.3% 27.2%
1981 - - 18.9% 24.3%
1982 - - 18.1% 29.2%
1983 - - 17% 28.7%
1984 - - 17% 29.7%
1985 - - 19% 45.5%
1986 - - 18.8% 44%
1987 - - 16.8% 36.1%
1988 21.4% 48.8% 16.6% 27.5%
1989 19.6% 50.9% 15.4% 26.8%
1990 22% 44.6% 18.2% 20.4%
1991 22.6% 55.8% 19.7% 20.1%
1992 23.1% 57.4% 25.2% 16.6%
1993 20.6% 68.2% 23.3% 15.2%
1994 22.4% 103.4% 24% 13.4%
1995 20.6% 83.8% 19.9% 12.5%
1996 11.7% 93% 22.6% 11.6%
1997 14.5% 96.1% 20.6% 12.6%
1998 18.1% 85.3% 21.8% 15.5%
1999 18.2% 84.2% 25.8% 16.7%
2000 17.2% 94.7% 24.6% 18.2%
2001 14.1% 103.1% 25.7% 21.8%
2002 16.7% 98.5% 26.4% 17.1%
2003 12.3% 95.9% 25.6% 17.5%
2004 13.1% 99.7% 31% 15%
2005 16.2% 103% 28.9% 13.5%
2006 13.4% 46.7% 27.4% 14.6%
2007 12.9% 47.9% 30.3% 16.1%
2008 16% 35.8% 33.4% 14.6%
2009 16% 20.3% 33.5% 10.5%
2010 17.3% 19.9% 30.7% 14.1%
2011 14.2% 19.7% 25.3% 14.7%
2012 14.7% 31.5% 27% 14.8%
2013 13.4% 51.8% 28.5% 15%
2014 18% 62.2% 32.2% 13.9%
2015 14% 59.8% 34.3% 15.8%
2016 12.1% 53.9% 34.6% 20%
2017 13.9% 50.3% 35.5% 22.2%
2018 17.6% 50% 35% 26.9%
2019 16.9% 48.2% 34.1% 31.5%
2020 25.1% 44.4% 34% 39.6%
2021 19.7% 48.5% 29.7% 37.9%
2022 17.6% 51% 30.5% 42.2%
2023 18.1% 58.2% 30.1% 37.9%
2024 19.5% 60.7% 32.4% 37.2%
2025 17.9% 58.3% 32.8% 38.7%

Government deficit by year

In 2024, the Central African Republic's government deficit, the difference between spending and revenue, was -$137M, equivalent to -4.98% of GDP. This compares to Eswatini's deficit of -$95M, or -1.94% of GDP.

Over the past 37 years, the Central African Republic recorded a fiscal deficit in 32 of those years, while Eswatini ran a deficit in 24 years. On average, the Central African Republic posted an annual deficit equal to -2.39% of GDP, compared to deficit of -1.59% of GDP for Eswatini.

Deficit/surplus
Central African Republic

Eswatini
Year Deficit/surplus, % of GDP
CAR Eswatini
1980 - 5.11%
1981 - -3.4%
1982 - 0.08%
1983 - -0.44%
1984 - 0.95%
1985 - -1.13%
1986 - -2.28%
1987 - 2%
1988 -3.72% 3.42%
1989 -3.25% 5.65%
1990 -6.6% 5.45%
1991 -8% 3.3%
1992 -7.33% -2.81%
1993 -5.66% -3.2%
1994 -7.57% -3.51%
1995 -4.84% 0.87%
1996 -1.06% -0.97%
1997 -1.57% 2.05%
1998 0.001% 1.04%
1999 -0.5% -1.23%
2000 -2.01% -1.19%
2001 -0.88% -2.25%
2002 -1.19% -3.67%
2003 -3.06% -2.09%
2004 -1.74% -3.98%
2005 -4.37% -1.65%
2006 8.58% 8.62%
2007 1.04% 2.36%
2008 -1.23% 1.58%
2009 -0.54% -2.97%
2010 -1.35% -9.24%
2011 -2.15% -3.9%
2012 -0.78% 3.38%
2013 -2.3% 0.57%
2014 -3.26% -1.15%
2015 -0.59% -6.14%
2016 1.28% -9.09%
2017 -1.06% -6.93%
2018 -0.97% -9.66%
2019 1.42% -6.7%
2020 -3.36% -4.62%
2021 -6.02% -4.59%
2022 -5.34% -4.74%
2023 -3.59% 0.94%
2024 -4.98% -1.94%
2025 -1.62% -5.51%

Inflation comparison by year

Over the past 24 years, the Central African Republic has recorded an average annual inflation rate of 3.43%, compared with 6.84% in Eswatini. In 2019, inflation was 4.6% in the Central African Republic and 2.6% in Eswatini.

Inflation
Central African Republic

Eswatini
Year Inflation
CAR Eswatini CAR Eswatini
1996 3.8% 6.43%
1997 1.6% 7.13%
1998 -2% 8.11%
1999 -1.6% 6.09%
2000 3.4% 12.2%
2001 4.1% 5.94%
2002 2.3% 12%
2003 4.4% 7.29%
2004 -2.6% 3.45%
2005 2.9% 4.77%
2006 6.9% 5.3%
2007 0.9% 8.08%
2008 9.2% 12.7%
2009 3.6% 7.45%
2010 1.5% 4.51%
2011 1.2% 6.11%
2012 5.9% 8.94%
2013 4% 5.62%
2014 17.8% 5.68%
2015 1.4% 4.95%
2016 4.9% 7.85%
2017 4.2% 6.22%
2018 1.6% 4.82%
2019 2.8% 2.6%
2020 0.9% -
2021 4.3% -
2022 5.6% -
2023 3% -
2024 1.5% -
2025 4.6% -

Balance of trade

CAR Eswatini
Current account balance
-$24.7M
1994
$108M
2023
Current account balance ranking
78/189
1994
65/189
2023
Current account balance, % of GDP
-2.9%
1994
+2.34%
2023
Goods imports
$131M
1994
$1.86B
2023
Goods exports
$146M
1994
$2.03B
2023
Service imports
$114M
1994
$489M
2023
Service exports
$33.1M
1994
$145M
2023
Imports of goods and services, % of GDP
32.4%
2024
51.4%
2023
Exports of goods and services, % of GDP
15.5%
2024
48.7%
2023

Economic freedom indices

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

CAR Eswatini
Economic freedom 42.8 56.4
Economic freedom ranking 184/197 118/197
Property rights 6.9 44.8
Government integrity 19.6 29.9
Judicial effectiveness 4 36.8
Tax burden 65.5 76.1
Government spending 89.8 73.9
Fiscal health 53.8 70.6
Business freedom 27.1 49.5
Labor freedom 48.3 55.9
Monetary freedom 72.8 76.1
Trade freedom 50.4 73.6
Investment freedom 45 50
Financial freedom 30 40

Economic freedom by year comparison

The Economic Freedom Index for the Central African Republic is 42.8, ranking 184/197, compared to 56.4 for Eswatini, ranking 118/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Central African Republic
Eswatini
Year Economic freedom index
CAR Eswatini
1995 - 63.3
1996 - 58.6
1997 - 59.4
1998 - 62
1999 - 62.1
2000 - 62.6
2001 - 63.6
2002 59.8 60.9
2003 60 59.6
2004 57.5 58.6
2005 56.5 59.4
2006 54.2 61.4
2007 50.6 60.1
2008 48.6 58.4
2009 48.3 59.1
2010 48.4 57.4
2011 49.3 59.1
2012 50.3 57.2
2013 50.4 57.2
2014 46.7 61.2
2015 45.9 59.9
2016 45.2 59.7
2017 51.8 61.1
2018 49.2 55.9
2019 49.1 54.7
2020 50.7 55.3
2021 48.8 55.1
2022 45.7 51.4
2023 43.8 54.9
2024 41.3 55.6
2025 42.8 56.4

More economic indicators

CAR Eswatini
Services, % of GDP
40.5%
2024
51.7%
2023
Industry, % of GDP
17.8%
2024
34.7%
2023
Agriculture, forestry, and fishing, % of GDP
32.5%
2024
6.78%
2023
GNI, Atlas method
$2.75B
2024
$4.45B
2024
GNI per capita, PPP
$1,340
2024
$10,750
2024
Total reserves including gold
$480M
2023
$479M
2023
Total reserves ranking
158/177
2023
159/177
2023
Net foreign direct investment
$3.6M
1994
-$50.8M
2023
Net inflows of foreign direct investment
$40.4M
2024
$75.5M
2024
Net outflows of foreign direct investment
$1.29K
2002
$63.8M
2024
Servicing debt to the IMF, % of GNI
1.41%
2023
3.92%
2023
Poverty at national poverty lines
68.8%
2021
58.9%
2016
Gross capital formation, % of GDP
15.4%
2024
19.2%
2023

GDP per capita map

GDP per capita

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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.