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Economy of Eswatini vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank

Eswatini has a GDP of $5.16B compared to $2.53B for Guinea-Bissau, ranking 163/197 and 176/197 by economy size, respectively.

Eswatini has $2.31B in government debt (44.9% of GDP), compared to $1.9B (75.3% of GDP) in Guinea-Bissau.

Eswatini vs Guinea-Bissau GDP by year

Eswatini
Guinea-Bissau
1x
Year GDP, current $
Eswatini Guinea-Bissau
2025 $5,160,679,613 $2,527,930,273
2024 $4,858,885,841 $2,197,777,210
2023 $4,621,191,262 $2,076,748,678
2022 $4,746,660,274 $1,856,239,955
2021 $4,807,069,277 $1,907,611,288
2020 $4,134,677,810 $1,705,062,170
2019 $4,617,018,959 $1,596,214,680
2018 $4,643,751,059 $1,554,133,594
2017 $4,462,640,651 $1,469,978,606
2016 $3,722,306,117 $1,245,074,264
2015 $3,908,217,914 $1,152,384,167
2014 $4,285,065,665 $1,135,250,721
2013 $4,463,396,204 $1,109,682,824
2012 $4,747,813,067 $1,049,412,177
2011 $4,722,912,047 $1,157,074,319
2010 $4,360,714,359 $940,112,539
2009 $3,525,213,502 $890,167,833
2008 $3,235,921,171 $952,667,544
2007 $3,391,122,887 $753,162,998
2006 $3,215,307,901 $634,781,901
2005 $3,097,946,371 $639,776,041
2004 $2,710,331,785 $582,169,841
2003 $2,149,632,433 $553,614,800
2002 $1,393,945,031 $466,773,711
2001 $1,502,870,486 $412,610,872
2000 $1,697,161,558 $391,345,597
1999 $1,547,888,496 $579,365,780
1998 $1,576,908,856 $591,034,143
1997 $1,716,714,070 $698,107,222
1996 $1,602,741,834 $702,965,148
1995 $1,698,989,464 $660,195,402
1994 $1,419,294,254 $612,502,085
1993 $1,357,189,552 $615,779,519
1992 $1,284,759,928 $588,309,271
1991 $1,156,135,718 $668,470,891
1990 $1,114,694,041 $634,187,269
1989 $696,921,542 $554,072,303
1988 $692,026,455 $427,514,322
1987 $584,126,092 $451,893,375
1986 $449,140,318 $338,524,233
1985 $360,079,419 $373,959,151
1984 $494,483,409 $359,980,491
1983 $555,336,146 $425,225,177
1982 $537,568,059 $430,284,022
1981 $570,774,825 $402,230,865
1980 $541,976,853 $287,648,258
1979 $412,093,134 $308,143,183
1978 $340,630,085 $318,876,550
1977 $304,060,076 $298,871,675
1976 $272,550,068 $292,152,321
1975 $288,299,789 $283,311,997
1974 $264,320,941 $256,769,730
1973 $221,915,128 $232,331,281
1972 $146,736,479 $227,986,203
1971 $136,462,081 $204,167,297
1970 $112,139,955 $204,670,551
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

GDP per capita in Eswatini vs Guinea-Bissau by year

Eswatini
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,108 - $1,124 -
2024 $3,910 $11,799 $998 $3,119
2023 $3,756 $11,300 $964 $2,990
2022 $3,894 $10,635 $882 $2,789
2021 $3,984 $9,990 $927 $2,523
2020 $3,467 $9,329 $847 $2,340
2019 $3,913 $9,248 $811 $2,247
2018 $3,973 $8,535 $809 $2,058
2017 $3,853 $8,584 $783 $2,082
2016 $3,238 $8,484 $680 $1,824
2015 $3,420 $8,391 $645 $1,730
2014 $3,771 $8,366 $652 $1,456
2013 $3,950 $8,231 $654 $1,416
2012 $4,225 $7,760 $635 $1,402
2011 $4,225 $7,571 $720 $1,472
2010 $3,923 $7,324 $600 $1,370
2009 $3,190 $7,011 $583 $1,315
2008 $2,947 $6,914 $640 $1,309
2007 $3,109 $6,732 $519 $1,260
2006 $2,965 $6,319 $449 $1,226
2005 $2,871 $5,773 $463 $1,187
2004 $2,526 $5,310 $431 $1,105
2003 $2,015 $5,020 $420 $1,089
2002 $1,316 $4,742 $362 $1,095
2001 $1,430 $4,521 $327 $1,064
2000 $1,630 $4,401 $317 $1,014
1999 $1,502 $4,272 $479 $1,001
1998 $1,547 $4,137 $498 $861
1997 $1,705 $4,038 $599 $1,118
1996 $1,619 $3,916 $615 $1,052
1995 $1,751 $3,777 $589 $945
1994 $1,461 $3,526 $561 $909
1993 $1,397 $3,371 $582 $890
1992 $1,362 $3,289 $574 $880
1991 $1,273 $3,236 $672 $877
1990 $1,278 $3,202 $651 $824
1989 $832 - $578 -
1988 $865 - $454 -
1987 $765 - $488 -
1986 $611 - $371 -
1985 $510 - $417 -
1984 $726 - $407 -
1983 $843 - $489 -
1982 $843 - $503 -
1981 $925 - $477 -
1980 $908 - $347 -
1979 $714 - $376 -
1978 $610 - $403 -
1977 $563 - $403 -
1976 $521 - $421 -
1975 $568 - $435 -
1974 $536 - $419 -
1973 $463 - $392 -
1972 $315 - $389 -
1971 $301 - $348 -
1970 $254.2 - $350 -
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

Eswatini's GDP per capita is $4,108, ranking 131/197, compared to $1,124 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Eswatini Guinea-Bissau
Gross domestic product
$5.16B
2025
$2.53B
2025
GDP rank
163/197
2025
176/197
2025
GDP growth
4.19%
2024-2025
5.82%
2024-2025
GDP per capita
$4,108
2025
$1,124
2025
GDP per capita rank
131/197
2025
177/197
2025
GDP per capita, PPP
$11,799
2024
$3,119
2024
GDP per capita PPP rank
126/197
2024
179/197
2024
Government debt
$2.31B
2025
$1.9B
2025
Debt-to-GDP ratio
44.9%
2025
75.3%
2025
Government debt per person
$1,843
2025
$846
2025
Government debt per person rank
121/185
2025
149/185
2025
Average annual personal income after taxes
$4,770
2026
$1,483
2026
Market capitalization of domestic companies
$234M
2007
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
42.7%
2016
26.1%
2021
Income share by poorest 10%
1.4%
2016
3.4%
2021
Government expenditure, % of GDP
35.7%
2025
19.9%
2025
Consumer prices inflation
2.6%
2018-2019
0.9%
2024-2025
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.3%
2023
2.67%
2022
Population
1276995
2323460

Spending and national debt comparison by year

Eswatini
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
Eswatini Guinea-Bissau
Government spending Government debt Government spending Government debt
2025 35.7% 44.9% 19.9% 75.3%
2024 33.6% 40.1% 20.4% 82.4%
2023 31.5% 39.4% 21.9% 79.4%
2022 28.9% 39.5% 21.3% 80.7%
2021 29.3% 37.3% 25% 78.8%
2020 32.2% 37.7% 25% 77.6%
2019 32.8% 30.5% 18.8% 65.1%
2018 31.6% 26.5% 19.5% 59.1%
2017 33.6% 21.7% 18.1% 51.8%
2016 34% 20.1% 20.5% 59.1%
2015 34.5% 16% 21.5% 56.3%
2014 32.7% 14.1% 23% 60.1%
2013 28.8% 15.2% 12.4% 49.6%
2012 27.1% 14.8% 13% 47.4%
2011 25.1% 14.6% 17.3% 45.6%
2010 31.1% 14.2% 18.5% 61.7%
2009 33.9% 10.6% 20.6% 148.3%
2008 33.4% 14.6% 21.8% 148.8%
2007 30.4% 16.1% 23.7% 164%
2006 27.6% 14.7% 19.8% 190.4%
2005 29% 13.6% 20.2% 203.7%
2004 31% 15% 23% 202%
2003 25.9% 17.7% 17% 183.4%
2002 26.5% 17.2% 14.1% 197.5%
2001 25.6% 21.7% 19.1% 204.4%
2000 24.7% 18.2% 23.5% 217.1%
1999 25.8% 16.7% 12.1% 109.9%
1998 22% 15.6% 8.72% 109.1%
1997 20.7% 12.7% 12.7% 94.3%
1996 22.5% 11.5% 8.93% 117.3%
1995 19.9% 12.5% 8.14% 103.3%
1994 23.4% 13.1% 18.4% 105.5%
1993 23% 15% 13.1% 112.4%
1992 24.7% 16.6% 10.1% 85.3%
1991 19.6% 20.1% 9.19% 88.9%
1990 18.2% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1996, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

In 2025, Eswatini's government spending was $1.84B, accounting for 35.7% of its GDP, while Guinea-Bissau spent $502M, or 19.9% of GDP.

Debt-to-GDP ratio is 44.9% in Eswatini and 75.3% in Guinea-Bissau, ranking 118/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
Eswatini Guinea-Bissau
2025 -6.14% -6.69%
2024 -1.06% -7.26%
2023 -0.66% -8.15%
2022 -5.27% -6.06%
2021 -4.55% -5.88%
2020 -4.21% -9.64%
2019 -6.23% -3.86%
2018 -6.59% -4.76%
2017 -5.64% -1.32%
2016 -8.36% -5.34%
2015 -5.89% -3.16%
2014 -1.16% -2.44%
2013 0.57% -1.67%
2012 3.39% -2.12%
2011 -3.88% -1.35%
2010 -9.34% -0.23%
2009 -3% 2.68%
2008 1.58% -0.73%
2007 2.37% -8.77%
2006 8.67% -4.57%
2005 -1.66% -4.96%
2004 -3.97% -5.92%
2003 -2.11% -5.63%
2002 -3.69% -3.7%
2001 -2.24% -1.83%
2000 -1.19% -2.8%
1999 -1.23% -4.06%
1998 1.05% -5.95%
1997 2.06% -2.56%
1996 -0.97% 3.48%
1995 0.87% 2.45%
1994 -3.43% -5.54%
1993 -3.15% -0.34%
1992 -2.76% -0.25%
1991 3.28% 1.61%
1990 5.47% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

In 2025, Eswatini's government deficit, the difference between spending and revenue, was $317M, equivalent to 6.14% of GDP. This compares to Guinea-Bissau's deficit of $169M, or 6.69% of GDP.

Over the past 35 years, Eswatini recorded a fiscal deficit in 26 of those years, while Guinea-Bissau ran a deficit in 31 years. On average, Eswatini posted an annual deficit equal to 2.13% of GDP, compared to deficit of 3.35% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
Eswatini

Guinea-Bissau
1x
Year Consumer prices inflation
Eswatini Guinea-Bissau
2025 - 0.9%
2024 - 3.7%
2023 - 7.2%
2022 - 7.9%
2021 - 3.3%
2020 - 1.5%
2019 2.6% 0.3%
2018 4.82% 0.4%
2017 6.22% -0.2%
2016 7.85% 2.7%
2015 4.95% 1.5%
2014 5.68% -1%
2013 5.62% 0.8%
2012 8.94% 2.1%
2011 6.11% 5.1%
2010 4.51% 1.1%
2009 7.45% -1.6%
2008 12.7% 10.4%
2007 8.08% 4.6%
2006 5.3% 2%
2005 4.77% 3.4%
2004 3.45% 0.8%
2003 7.29% -3.5%
2002 12% 3.3%
2001 5.94% 3.3%
2000 12.2% 8.6%
1999 6.09% -2.1%
1998 8.11% 8.1%
1997 7.13% 49.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 4.31% in Guinea-Bissau. In 2019, inflation was 2.6% in Eswatini and 0.9% in Guinea-Bissau.

Top exports between countries

Eswatini
Export category Export value
Textiles & consumer goods $66K
Guinea-Bissau
Export category Export value

Balance of trade

Eswatini Guinea-Bissau
Current account balance
$78.3M
2024
-$162M
2024
Current account balance ranking
65/190
2024
87/190
2024
Current account balance, % of GDP
+1.61%
2024
-7.36%
2024
Goods imports
$2.07B
2024
$414M
2024
Goods exports
$2.33B
2024
$229M
2024
Service imports
$542M
2024
$198M
2024
Service exports
$234M
2024
$51M
2024
Imports of goods and services, % of GDP
53.7%
2024
27%
2025
Exports of goods and services, % of GDP
53.8%
2024
13.9%
2025

Economic freedom indices

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

Eswatini Guinea-Bissau
Economic freedom 57.5 43.2
Economic freedom ranking 116/197 181/197
Property rights 42.5 28.4
Government integrity 29.7 21
Judicial effectiveness 35.5 13.2
Tax burden 78.6 89
Government spending 71 86.5
Fiscal health 87.5 6.5
Business freedom 49.9 34.6
Labor freedom 55.2 55.9
Monetary freedom 76.8 75.9
Trade freedom 73.6 47
Investment freedom 50 30
Financial freedom 40 30

Economic freedom comparison by year

Eswatini
Guinea-Bissau
1x
Year Economic freedom index
Eswatini Guinea-Bissau
2026 57.5 43.2
2025 56.4 43.6
2024 55.6 42.7
2023 54.9 44.6
2022 51.4 46
2021 55.1 54.9
2020 55.3 53.3
2019 54.7 54
2018 55.9 56.9
2017 61.1 56.1
2016 59.7 51.8
2015 59.9 52
2014 61.2 51.3
2013 57.2 51.1
2012 57.2 50.1
2011 59.1 46.5
2010 57.4 43.6
2009 59.1 45.4
2008 58.4 44.4
2007 60.1 46.1
2006 61.4 46.5
2005 59.4 46
2004 58.6 42.6
2003 59.6 43.1
2002 60.9 42.3
2001 63.6 42.5
2000 62.6 34.7
1999 62.1 33.5
1998 62 -
1997 59.4 -
1996 58.6 -
1995 63.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 43.2 for Guinea-Bissau, ranking 181/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Guinea-Bissau
Services, % of GDP
52.4%
2025
39.1%
2025
Industry, % of GDP
33.6%
2025
15.7%
2025
Agriculture, forestry, and fishing, % of GDP
6.41%
2025
40.6%
2025
GNI, Atlas method
$4.69B
2025
$2.45B
2025
GNI per capita, PPP
$11,390
2025
$3,320
2025
Total reserves including gold
$537M
2024
n/a
Total reserves ranking
157/177
2024
n/a
Net foreign direct investment
-$11.8M
2024
-$26.3M
2024
Net inflows of foreign direct investment
$75.5M
2024
$26.7M
2024
Net outflows of foreign direct investment
$63.8M
2024
$389K
2024
Servicing debt to the IMF, % of GNI
4.88%
2024
1.77%
2024
Poverty at national poverty lines
58.9%
2016
50.5%
2021
Gross capital formation, % of GDP
15%
2024
25.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/guinea-bissau | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2022, retrieved 2026-07-08)

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.