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Economy of Eswatini vs Greece compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $256B for Greece, ranking 162/197 and 53/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $397B (154.8% of GDP) in Greece.

Eswatini vs Greece GDP by year

Eswatini
Greece
1x
Year GDP, current $
Eswatini Greece
2024 $4,858,885,841 $256,238,371,778
2023 $4,621,191,262 $242,946,187,738
2022 $4,746,660,274 $217,990,189,601
2021 $4,807,069,277 $218,303,801,895
2020 $4,134,677,810 $191,362,985,555
2019 $4,617,018,959 $207,305,649,887
2018 $4,643,751,059 $213,298,873,494
2017 $4,462,640,651 $200,381,103,984
2016 $3,722,306,117 $193,097,239,006
2015 $3,908,217,914 $194,567,373,678
2014 $4,285,065,665 $233,911,581,521
2013 $4,463,396,204 $236,556,279,641
2012 $4,747,813,067 $238,841,140,018
2011 $4,722,912,047 $283,228,079,776
2010 $4,360,714,359 $296,417,644,404
2009 $3,525,213,502 $326,829,054,686
2008 $3,235,921,171 $351,121,399,546
2007 $3,391,122,887 $314,226,996,944
2006 $3,215,307,901 $269,073,415,334
2005 $3,097,946,371 $242,315,668,619
2004 $2,710,331,785 $234,979,615,898
2003 $2,149,632,433 $196,930,509,813
2002 $1,393,945,031 $150,253,800,086
2001 $1,502,870,486 $132,050,474,720
2000 $1,697,161,558 $125,760,166,225
1999 $1,547,888,496 $137,131,371,955
1998 $1,576,908,856 $139,612,812,176
1997 $1,716,714,070 $138,766,067,640
1996 $1,602,741,834 $142,502,984,145
1995 $1,698,989,464 $134,974,613,914
1994 $1,419,294,254 $114,980,063,202
1993 $1,357,189,552 $107,295,704,518
1992 $1,284,759,928 $114,608,178,405
1991 $1,156,135,718 $103,680,863,713
1990 $1,114,694,041 $96,529,587,274
1989 $696,921,542 $78,067,933,277
1988 $692,026,455 $75,200,610,137
1987 $584,126,092 $64,739,630,096
1986 $449,140,318 $55,595,445,472
1985 $360,079,419 $47,155,741,426
1984 $494,483,409 $47,352,146,312
1983 $555,336,146 $48,741,397,059
1982 $537,568,059 $53,858,346,939
1981 $570,774,825 $51,618,456,335
1980 $541,976,853 $56,039,256,595
1979 $412,093,134 $53,724,121,435
1978 $340,630,085 $43,654,480,519
1977 $304,060,076 $35,673,080,481
1976 $272,550,068 $30,719,552,239
1975 $288,299,789 $28,129,128,587
1974 $264,320,941 $24,998,715,909
1973 $221,915,128 $22,037,019,563
1972 $146,736,479 $16,650,659,091
1971 $136,462,081 $14,388,806,818
1970 $112,139,955 $12,957,113,636
1969 $105,419,958 $11,454,106,327
1968 $79,799,968 $9,950,331,206
1967 $74,759,970 $9,146,592,856
1966 $76,859,969 $8,472,021,467
1965 $70,279,972 $7,582,209,670
1964 $64,980,554 $6,576,906,345
1963 $54,129,438 $5,813,285,627
1962 $45,927,962 $5,140,542,929
1961 $43,026,043 $4,892,397,431
1960 $35,076,846 $4,274,890,307

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

GeoRank.org/economy/eswatini/greece | CC BY

GDP per capita in Eswatini vs Greece by year

Eswatini
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $24,626 $44,327
2023 $3,756 $11,300 $23,344 $42,711
2022 $3,894 $10,635 $20,887 $39,612
2021 $3,984 $9,990 $20,655 $33,531
2020 $3,467 $9,329 $17,887 $29,533
2019 $3,913 $9,248 $19,335 $31,927
2018 $3,973 $8,535 $19,873 $29,792
2017 $3,853 $8,584 $18,632 $28,682
2016 $3,238 $8,484 $17,919 $27,505
2015 $3,420 $8,391 $17,981 $26,608
2014 $3,771 $8,366 $21,475 $26,450
2013 $3,950 $8,231 $21,573 $25,731
2012 $4,225 $7,760 $21,624 $24,583
2011 $4,225 $7,571 $25,505 $25,693
2010 $3,923 $7,324 $26,653 $27,839
2009 $3,190 $7,011 $29,425 $29,963
2008 $2,947 $6,914 $31,696 $30,441
2007 $3,109 $6,732 $28,441 $28,896
2006 $2,965 $6,319 $24,416 $28,076
2005 $2,871 $5,773 $22,054 $25,004
2004 $2,526 $5,310 $21,449 $24,826
2003 $2,015 $5,020 $18,021 $23,253
2002 $1,316 $4,742 $13,782 $21,985
2001 $1,430 $4,521 $12,157 $20,304
2000 $1,630 $4,401 $11,638 $18,820
1999 $1,502 $4,272 $12,743 $17,758
1998 $1,547 $4,137 $13,023 $17,434
1997 $1,705 $4,038 $13,016 $16,630
1996 $1,619 $3,916 $13,433 $15,778
1995 $1,751 $3,777 $12,779 $15,218
1994 $1,461 $3,526 $10,937 $14,667
1993 $1,397 $3,371 $10,257 $14,150
1992 $1,362 $3,289 $11,021 $14,130
1991 $1,273 $3,236 $10,047 $13,824
1990 $1,278 $3,202 $9,467 $13,126
1989 $832 - $7,738 -
1988 $865 - $7,492 -
1987 $765 - $6,474 -
1986 $611 - $5,578 -
1985 $510 - $4,747 -
1984 $726 - $4,785 -
1983 $843 - $4,950 -
1982 $843 - $5,502 -
1981 $925 - $5,305 -
1980 $908 - $5,812 -
1979 $714 - $5,627 -
1978 $610 - $4,629 -
1977 $563 - $3,832 -
1976 $521 - $3,343 -
1975 $568 - $3,109 -
1974 $536 - $2,789 -
1973 $463 - $2,468 -
1972 $315 - $1,873 -
1971 $301 - $1,629 -
1970 $254.2 - $1,474 -
1969 $245.2 - $1,306 -
1968 $190.4 - $1,138 -
1967 $182.8 - $1,053 -
1966 $192.7 - $984 -
1965 $181 - $887 -
1964 $171.6 - $773 -
1963 $146.4 - $686 -
1962 $127.1 - $608 -
1961 $121.8 - $583 -
1960 $101.6 - $513 -

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

GeoRank.org/economy/eswatini/greece | CC BY

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Greece ranks 52nd at $44,327.

Economic indicators

Eswatini Greece
Gross domestic product
$4.86B
2024
$256B
2024
GDP rank
162/197
2024
53/197
2024
GDP growth
2.97%
2023-2024
2.09%
2023-2024
GDP per capita
$3,910
2024
$24,626
2024
GDP per capita rank
131/197
2024
49/197
2024
GDP per capita, PPP
$11,799
2024
$44,327
2024
GDP per capita PPP rank
126/197
2024
52/197
2024
Government debt
$1.93B
2024
$397B
2024
Debt-to-GDP ratio
39.8%
2024
154.8%
2024
Government debt per person
$1,554
2024
$38,119
2024
Government debt per person rank
130/185
2024
16/185
2024
Average annual personal income after taxes
$3,913
2026
$14,396
2026
Market capitalization of domestic companies
$234M
2007
$83.2B
2024
Number of billionaires
1
2025
16
2025
Income share by richest 10%
42.7%
2016
26%
2023
Income share by poorest 10%
1.4%
2016
2.7%
2023
Government expenditure, % of GDP
33.3%
2024
48%
2024
Consumer prices inflation
2.6%
2018-2019
2.74%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
10%
2024
Population
1273390
10181414

Spending and national debt comparison by year

Eswatini
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Eswatini Greece
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 48% 154.8%
2023 32% 40% 49.5% 165.2%
2022 29.6% 40.5% 52.8% 178.4%
2021 30.1% 38.4% 56.7% 197.8%
2020 32.7% 38.2% 59.3% 209.9%
2019 32.9% 30.7% 47.6% 183.7%
2018 32.2% 27% 48.6% 189.6%
2017 33.9% 21.9% 48.5% 182.6%
2016 34.7% 20.5% 50.3% 183.7%
2015 35.3% 16.4% 51.9% 180%
2014 33.3% 14.3% 51.5% 182.8%
2013 29.4% 15.5% 53% 180.5%
2012 27.8% 15.2% 54.9% 164.3%
2011 26% 15.1% 55.1% 175.1%
2010 31.6% 14.5% 53.1% 147.8%
2009 34.5% 10.8% 54.8% 128.5%
2008 34.4% 15% 51.5% 110.9%
2007 31.2% 16.6% 47.8% 104.6%
2006 28.2% 15% 45.9% 105.3%
2005 29.7% 13.9% 46.6% 109.9%
2004 32% 15.5% 48.8% 105.5%
2003 26.4% 18% 47.9% 104.3%
2002 27.2% 17.6% 47.1% 107.9%
2001 26.4% 22.4% 47.5% 110.5%
2000 25.3% 18.7% 48.2% 108.9%
1999 26.5% 17.2% 48% 102.8%
1998 22.5% 15.9% 46.7% 100.8%
1997 21.2% 13% 45.1% 102.6%
1996 23.3% 12% 46.1% 103.7%
1995 20.5% 12.9% 46.6% 100.4%
1994 24.7% 13.8% 36.9% 99.7%
1993 24% 15.6% 38.6% 101.7%
1992 26% 16.6% 36.9% 81.1%
1991 20.3% 20.1% 35.2% 75.7%
1990 18.7% 20.4% 38.5% 74.2%
1989 15.8% 26.8% 34.8% 60.7%
1988 15.6% 27.5% 33.8% 57.9%
1987 17% 36.1% 34% 53.2%
1986 19.8% 44% 33.8% 47.8%
1985 22.3% 45.5% 34.2% 47.3%
1984 22.2% 29.7% 32% 40.6%
1983 23.2% 28.7% 30.2% 34.1%
1982 24% 29.2% 28.7% 29.7%
1981 23.8% 24.3% 28.1% 27.1%
1980 19.6% 27.2% 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

GeoRank.org/economy/eswatini/greece | CC BY

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 154.8% in Greece, ranking 134/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Greece
1x
Year Deficit/surplus, % of GDP
Eswatini Greece
2024 -1.36% 1.34%
2023 -0.67% -1.35%
2022 -5.4% -2.46%
2021 -4.68% -7.58%
2020 -4.27% -10.3%
2019 -6.26% -0.09%
2018 -6.72% 0.78%
2017 -5.68% 1.05%
2016 -8.54% 0.28%
2015 -6.03% -3.03%
2014 -1.18% -4.29%
2013 0.59% -4.06%
2012 3.48% -6.94%
2011 -4.02% -10.5%
2010 -9.52% -11.4%
2009 -3.06% -15.4%
2008 1.63% -10.3%
2007 2.44% -6.81%
2006 8.88% -6.04%
2005 -1.7% -6.33%
2004 -4.1% -9.05%
2003 -2.15% -8.05%
2002 -3.78% -6.2%
2001 -2.31% -5.64%
2000 -1.22% -4.21%
1999 -1.27% -6.02%
1998 1.07% -6.48%
1997 2.11% -6.25%
1996 -1% -8.35%
1995 0.9% -9.87%
1994 -3.61% -8.48%
1993 -3.29% -11.5%
1992 -2.9% -10.6%
1991 3.4% -9.63%
1990 5.61% -13.3%
1989 5.82% -11.9%
1988 3.23% -9.63%
1987 2.03% -8.09%
1986 -2.41% -8.62%
1985 -1.33% -9.56%
1984 1.25% -7.19%
1983 -0.6% -6.17%
1982 0.11% -5.49%
1981 -4.29% -7.08%
1980 6.55% -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/eswatini/greece | CC BY

In 2024, Eswatini's government deficit, the difference between spending and revenue, was $66.2M, equivalent to 1.36% of GDP. This compares to Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 45 years, Eswatini recorded a fiscal deficit in 29 of those years, while Greece ran a deficit in 41 years. On average, Eswatini posted an annual deficit equal to 1.21% of GDP, compared to deficit of 6.74% of GDP for Greece.

Inflation comparison by year

Inflation
Eswatini

Greece
1x
Year Consumer prices inflation
Eswatini Greece
2024 - 2.74%
2023 - 3.46%
2022 - 9.65%
2021 - 1.22%
2020 - -1.25%
2019 2.6% 0.25%
2018 4.82% 0.63%
2017 6.22% 1.12%
2016 7.85% -0.83%
2015 4.95% -1.74%
2014 5.68% -1.31%
2013 5.62% -0.92%
2012 8.94% 1.5%
2011 6.11% 3.33%
2010 4.51% 4.71%
2009 7.45% 1.21%
2008 12.7% 4.15%
2007 8.08% 2.9%
2006 5.3% 3.2%
2005 4.77% 3.55%
2004 3.45% 2.9%
2003 7.29% 3.53%
2002 12% 3.63%
2001 5.94% 3.37%
2000 12.2% 3.15%
1999 6.09% 2.64%
1998 8.11% 4.77%
1997 7.13% 5.54%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/eswatini/greece | CC BY

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 2.23% in Greece. In 2019, inflation was 2.6% in Eswatini and 2.74% in Greece.

Top exports between countries

Eswatini
Export category Export value
Processed food, beverages & tobacco $1.11M
Raw agricultural goods $30K
Greece
Export category Export value
Processed food, beverages & tobacco $60K
Chemicals & pharma $26K
Machinery & equipment $4K

Balance of trade

Eswatini Greece
Current account balance
$78.3M
2024
-$18.2B
2024
Current account balance ranking
69/190
2024
182/190
2024
Current account balance, % of GDP
+1.61%
2024
-7.11%
2024
Goods imports
$2.07B
2024
$91.2B
2024
Goods exports
$2.33B
2024
$52.6B
2024
Service imports
$542M
2024
$31.1B
2024
Service exports
$234M
2024
$55.8B
2024
Imports of goods and services, % of GDP
53.7%
2024
47.7%
2024
Exports of goods and services, % of GDP
53.8%
2024
42.1%
2024

Economic freedom indices

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

Eswatini Greece
Economic freedom 57.5 63.2
Economic freedom ranking 116/197 82/197
Property rights 42.5 78
Government integrity 29.7 54.8
Judicial effectiveness 35.5 68
Tax burden 78.6 59.9
Government spending 71 24.7
Fiscal health 87.5 78.9
Business freedom 49.9 77.8
Labor freedom 55.2 59.7
Monetary freedom 76.8 72.6
Trade freedom 73.6 79.4
Investment freedom 50 55
Financial freedom 40 50

Economic freedom comparison by year

Eswatini
Greece
1x
Year Economic freedom index
Eswatini Greece
2026 57.5 63.2
2025 56.4 60.6
2024 55.6 55.1
2023 54.9 56.9
2022 51.4 61.5
2021 55.1 60.9
2020 55.3 59.9
2019 54.7 57.7
2018 55.9 57.3
2017 61.1 55
2016 59.7 53.2
2015 59.9 54
2014 61.2 55.7
2013 57.2 55.4
2012 57.2 55.4
2011 59.1 60.3
2010 57.4 62.7
2009 59.1 60.8
2008 58.4 60.6
2007 60.1 58.7
2006 61.4 60.1
2005 59.4 59
2004 58.6 59.1
2003 59.6 58.8
2002 60.9 59.1
2001 63.6 63.4
2000 62.6 61
1999 62.1 61
1998 62 60.6
1997 59.4 59.6
1996 58.6 60.5
1995 63.3 61.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/eswatini/greece | CC BY

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Greece
Services, % of GDP
51.4%
2024
68%
2024
Industry, % of GDP
34.7%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
3.77%
2024
GNI, Atlas method
$4.46B
2024
$236B
2024
GNI per capita, PPP
$10,760
2024
$43,340
2024
Total reserves including gold
$479M
2023
$15.2B
2024
Total reserves ranking
159/177
2023
67/177
2024
Net foreign direct investment
-$11.8M
2024
-$4.52B
2024
Net inflows of foreign direct investment
$75.5M
2024
$6.74B
2024
Net outflows of foreign direct investment
$63.8M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
n/a
Poverty at national poverty lines
58.9%
2016
18.8%
2021
Gross capital formation, % of GDP
15%
2024
18.3%
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/eswatini/greece | 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 (1880–1992, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
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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.