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Economy of Eswatini vs Ireland compared: GDP & Debt

Updated on by Georank

Eswatini has a GDP of $5.16B compared to $722B for Ireland, ranking 163/197 and 24/197 by economy size, respectively.

Eswatini has $2.31B in government debt (44.9% of GDP), compared to $238B (32.9% of GDP) in Ireland.

Eswatini vs Ireland GDP by year

Eswatini
Ireland
1x
Year GDP, current $
Eswatini Ireland
2025 $5,160,679,613 $721,701,359,046
2024 $4,858,885,841 $609,157,459,747
2023 $4,621,191,262 $567,372,737,459
2022 $4,746,660,274 $548,341,794,599
2021 $4,807,069,277 $530,394,123,830
2020 $4,134,677,810 $436,009,027,819
2019 $4,617,018,959 $407,211,793,801
2018 $4,643,751,059 $395,780,319,817
2017 $4,462,640,651 $348,355,212,569
2016 $3,722,306,117 $305,431,252,709
2015 $3,908,217,914 $302,101,388,556
2014 $4,285,065,665 $266,490,442,124
2013 $4,463,396,204 $242,924,245,719
2012 $4,747,813,067 $226,921,827,888
2011 $4,722,912,047 $240,975,871,047
2010 $4,360,714,359 $221,732,824,603
2009 $3,525,213,502 $236,443,115,854
2008 $3,235,921,171 $275,447,471,451
2007 $3,391,122,887 $270,079,279,420
2006 $3,215,307,901 $232,180,617,162
2005 $3,097,946,371 $211,876,989,656
2004 $2,710,331,785 $194,372,115,041
2003 $2,149,632,433 $164,670,771,260
2002 $1,393,945,031 $128,596,035,288
2001 $1,502,870,486 $109,346,669,230
2000 $1,697,161,558 $100,207,610,430
1999 $1,547,888,496 $98,893,958,263
1998 $1,576,908,856 $90,199,410,116
1997 $1,716,714,070 $82,856,648,758
1996 $1,602,741,834 $75,790,786,290
1995 $1,698,989,464 $69,139,823,232
1994 $1,419,294,254 $57,097,656,066
1993 $1,357,189,552 $52,417,477,614
1992 $1,284,759,928 $55,918,538,121
1991 $1,156,135,718 $49,787,501,584
1990 $1,114,694,041 $49,305,632,408
1989 $696,921,542 $39,238,392,678
1988 $692,026,455 $37,772,896,221
1987 $584,126,092 $33,920,518,493
1986 $449,140,318 $28,714,571,852
1985 $360,079,419 $21,270,013,326
1984 $494,483,409 $20,106,648,455
1983 $555,336,146 $20,766,047,764
1982 $537,568,059 $21,474,752,962
1981 $570,774,825 $20,670,190,138
1980 $541,976,853 $21,747,855,640
1979 $412,093,134 $18,319,334,300
1978 $340,630,085 $14,647,996,074
1977 $304,060,076 $11,248,340,431
1976 $272,550,068 $9,453,756,015
1975 $288,299,789 $9,483,808,362
1974 $264,320,941 $7,896,860,615
1973 $221,915,128 $7,481,173,066
1972 $146,736,479 $6,318,060,582
1971 $136,462,081 $5,098,250,287
1970 $112,139,955 $4,395,995,086
1969 $105,419,958 $3,902,721,632
1968 $79,799,968 $3,378,701,147
1967 $74,759,970 $3,445,739,915
1966 $76,859,969 $3,198,820,904
1965 $70,279,972 $3,035,655,794
1964 $64,980,554 $2,851,091,646
1963 $54,129,438 $2,505,073,358
1962 $45,927,962 $2,329,372,972
1961 $43,026,043 $2,151,772,980
1960 $35,076,846 $1,998,550,222

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Eswatini vs Ireland by year

Eswatini
GDP per capita

GDP per capita, PPP
Ireland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Ireland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,108 - $131,592 -
2024 $3,910 $11,799 $112,895 $133,437
2023 $3,756 $11,300 $106,819 $129,683
2022 $3,894 $10,635 $105,191 $138,523
2021 $3,984 $9,990 $103,783 $116,904
2020 $3,467 $9,329 $86,514 $97,800
2019 $3,913 $9,248 $81,828 $92,023
2018 $3,973 $8,535 $80,804 $86,299
2017 $3,853 $8,584 $72,161 $80,450
2016 $3,238 $8,484 $64,130 $73,013
2015 $3,420 $8,391 $64,250 $71,588
2014 $3,771 $8,366 $57,215 $52,641
2013 $3,950 $8,231 $52,538 $48,839
2012 $4,225 $7,760 $49,336 $46,726
2011 $4,225 $7,571 $52,614 $45,526
2010 $3,923 $7,324 $48,624 $43,212
2009 $3,190 $7,011 $52,133 $41,491
2008 $2,947 $6,914 $61,353 $44,169
2007 $3,109 $6,732 $61,396 $46,782
2006 $2,965 $6,319 $54,329 $44,223
2005 $2,871 $5,773 $50,933 $40,466
2004 $2,526 $5,310 $47,754 $38,729
2003 $2,015 $5,020 $41,204 $36,280
2002 $1,316 $4,742 $32,705 $35,222
2001 $1,430 $4,521 $28,282 $32,573
2000 $1,630 $4,401 $26,335 $30,216
1999 $1,502 $4,272 $26,338 $27,041
1998 $1,547 $4,137 $24,295 $25,094
1997 $1,705 $4,038 $22,551 $22,637
1996 $1,619 $3,916 $20,836 $20,482
1995 $1,751 $3,777 $19,158 $18,944
1994 $1,461 $3,526 $15,903 $17,011
1993 $1,397 $3,371 $14,657 $15,811
1992 $1,362 $3,289 $15,714 $15,116
1991 $1,273 $3,236 $14,087 $14,399
1990 $1,278 $3,202 $14,031 $13,743
1989 $832 - $11,176 -
1988 $865 - $10,716 -
1987 $765 - $9,582 -
1986 $611 - $8,112 -
1985 $510 - $6,012 -
1984 $726 - $5,692 -
1983 $843 - $5,915 -
1982 $843 - $6,161 -
1981 $925 - $5,986 -
1980 $908 - $6,372 -
1979 $714 - $5,430 -
1978 $610 - $4,400 -
1977 $563 - $3,427 -
1976 $521 - $2,920 -
1975 $568 - $2,973 -
1974 $536 - $2,517 -
1973 $463 - $2,424 -
1972 $315 - $2,080 -
1971 $301 - $1,704 -
1970 $254.2 - $1,487 -
1969 $245.2 - $1,331 -
1968 $190.4 - $1,159 -
1967 $182.8 - $1,187 -
1966 $192.7 - $1,107 -
1965 $181 - $1,055 -
1964 $171.6 - $995 -
1963 $146.4 - $878 -
1962 $127.1 - $821 -
1961 $121.8 - $762 -
1960 $101.6 - $707 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Eswatini's GDP per capita is $4,108, ranking 131/197, compared to $131,592 in Ireland, ranking 4/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Ireland ranks 4th at $133,437.

Economic indicators

Eswatini Ireland
Gross domestic product
$5.16B
2025
$722B
2025
GDP rank
163/197
2025
24/197
2025
GDP growth
4.19%
2024-2025
12.3%
2024-2025
GDP per capita
$4,108
2025
$131,592
2025
GDP per capita rank
131/197
2025
4/197
2025
GDP per capita, PPP
$11,799
2024
$133,437
2024
GDP per capita PPP rank
126/197
2024
4/197
2024
Government debt
$2.31B
2025
$238B
2025
Debt-to-GDP ratio
44.9%
2025
32.9%
2025
Government debt per person
$1,843
2025
$43,334
2025
Government debt per person rank
121/185
2025
14/185
2025
Average annual personal income after taxes
$4,770
2026
$47,174
2026
Market capitalization of domestic companies
$234M
2007
$110B
2018
Number of millionaires n/a
192,000
2026
Number of billionaires
1
2026
11
2026
Income share by richest 10%
42.7%
2016
24.1%
2023
Income share by poorest 10%
1.4%
2016
3.7%
2023
Government expenditure, % of GDP
35.7%
2025
21.6%
2025
Consumer prices inflation
2.6%
2018-2019
2.21%
2024-2025
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.3%
2023
4.7%
2025
Population
1276995
5562212

Spending and national debt comparison by year

Eswatini
Spending

Debt
Ireland
Spending

Debt
1x
Year % of GDP
Eswatini Ireland
Government spending Government debt Government spending Government debt
2025 35.7% 44.9% 21.6% 32.9%
2024 33.6% 40.1% 22.4% 38.3%
2023 31.5% 39.4% 22.2% 41.8%
2022 28.9% 39.5% 20.7% 42.9%
2021 29.3% 37.3% 23.5% 52.4%
2020 32.2% 37.7% 26.7% 56.9%
2019 32.8% 30.5% 23.9% 55.8%
2018 31.6% 26.5% 24.7% 61.3%
2017 33.6% 21.7% 25.3% 65.2%
2016 34% 20.1% 27.5% 72.7%
2015 34.5% 16% 28.1% 74%
2014 32.7% 14.1% 36.6% 101.4%
2013 28.8% 15.2% 39.8% 117.7%
2012 27.1% 14.8% 42.3% 118.9%
2011 25.1% 14.6% 46.9% 109.6%
2010 31.1% 14.2% 64.9% 86.2%
2009 33.9% 10.6% 46.9% 61.8%
2008 33.4% 14.6% 41.6% 42.5%
2007 30.4% 16.1% 35.6% 23.9%
2006 27.6% 14.7% 33.6% 23.7%
2005 29% 13.6% 33% 26.1%
2004 31% 15% 32.8% 28.1%
2003 25.9% 17.7% 32.7% 29.8%
2002 26.5% 17.2% 32.9% 30.9%
2001 25.6% 21.7% 32.2% 33.6%
2000 24.7% 18.2% 30.6% 36.4%
1999 25.8% 16.7% 32.5% 46.6%
1998 22% 15.6% 34.2% 51.4%
1997 20.7% 12.7% 36.1% 61.6%
1996 22.5% 11.5% 38.5% 69.8%
1995 19.9% 12.5% 40.3% 78.5%
1994 23.4% 13.1% 43.9% 88%
1993 23% 15% 44.6% 93.4%
1992 24.7% 16.6% 44.8% 90.6%
1991 19.6% 20.1% 44.4% 93.8%
1990 18.2% 20.4% 42.8% 92.7%
1989 15.8% 26.8% 42.5% 97.9%
1988 15.6% 27.5% 48.2% 106.5%
1987 17% 36.1% 51.4% 108.3%
1986 19.8% 44% 52.9% 107.2%
1985 22.3% 45.5% 53.2% 93%
1984 22.2% 29.7% 52.7% 90.2%
1983 23.2% 28.7% 55.6% 86.1%
1982 24% 29.2% 56.7% 73.5%
1981 23.8% 24.3% 54.1% 68.8%
1980 19.6% 27.2% 53.7% 64.6%
1979 - - 48.7% 63.5%
1978 - - 46.2% 50.6%
1977 - - 44.6% 49.2%
1976 - - 47.8% 51.7%
1975 - - 48.2% 48.3%
1974 - - 44.3% 43.5%
1973 - - 40.3% 35.1%
1972 - - 41.5% 37.3%
1971 - - 45.3% 39.8%
1970 - - 44.1% 41.7%
1969 - - 42.5% 42.6%
1968 - - 40% 44.7%
1967 - - 39.3% 47.1%
1966 - - 36.9% 47.7%
1965 - - 35.8% 44.6%
1964 - - 34.8% 43.1%
1963 - - 33.6% 45.2%
1962 - - 31.7% 44.5%
1961 - - 31.4% 44.3%
1960 - - 29.1% 44.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Eswatini's government spending was $1.84B, accounting for 35.7% of its GDP, while Ireland spent $156B, or 21.6% of GDP.

Debt-to-GDP ratio is 44.9% in Eswatini and 32.9% in Ireland, ranking 118/185 and 149/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Ireland
1x
Year Deficit/surplus, % of GDP
Eswatini Ireland
2025 -6.14% 1.54%
2024 -1.06% 4.02%
2023 -0.66% 1.36%
2022 -5.27% 1.58%
2021 -4.55% -1.31%
2020 -4.21% -4.87%
2019 -6.23% 0.41%
2018 -6.59% 0.09%
2017 -5.64% -0.3%
2016 -8.36% -0.76%
2015 -5.89% -1.97%
2014 -1.16% -3.52%
2013 0.57% -6.28%
2012 3.39% -8.42%
2011 -3.88% -13.5%
2010 -9.34% -32.1%
2009 -3% -13.9%
2008 1.58% -7.03%
2007 2.37% 0.27%
2006 8.67% 2.78%
2005 -1.66% 1.57%
2004 -3.97% 1.3%
2003 -2.11% 0.35%
2002 -3.69% -0.52%
2001 -2.24% 0.96%
2000 -1.19% 4.86%
1999 -1.23% 3.54%
1998 1.05% 2.07%
1997 2.06% 1.37%
1996 -0.97% -0.2%
1995 0.87% -2.07%
1994 -3.43% -1.98%
1993 -3.15% -2.7%
1992 -2.76% -2.92%
1991 3.28% -2.82%
1990 5.47% -2.77%
1989 5.82% -2.64%
1988 3.23% -4.62%
1987 2.03% -8.47%
1986 -2.41% -10.5%
1985 -1.33% -10.7%
1984 1.25% -9.43%
1983 -0.6% -11.5%
1982 0.11% -13.1%
1981 -4.29% -12.1%
1980 6.55% -11.1%
1979 - -10%
1978 - -8.27%
1977 - -6.44%
1976 - -7.34%
1975 - -11.1%
1974 - -6.96%
1973 - -3.84%
1972 - -3.23%
1971 - -3.5%
1970 - -3.64%
1969 - -3.4%
1968 - -2.72%
1967 - -2.69%
1966 - -2.26%
1965 - -3.5%
1964 - -3.35%
1963 - -2.92%
1962 - -2.91%
1961 - -2.6%
1960 - -1.97%
1959 - -2.16%
1958 - -4.3%
1957 - -5.19%
1956 - -3.23%
1955 - -5.06%
1954 - -5.28%
1953 - -5.77%
1952 - -7.84%
1951 - -4.62%
1950 - -5.21%
1949 - -2.17%
1948 - -1.29%
1947 - -1.8%
1946 - -0.43%
1945 - -0.43%
1944 - 0.39%
1943 - -1.18%
1942 - -2.48%
1941 - -1.42%
1940 - -0.15%
1939 - -7.31%
1938 - -0.92%
1937 - -0.77%
1936 - -0.19%
1935 - -
1934 - -
1933 - 2.97%
1932 - -
1931 - -1.63%
1930 - -
1929 - -3.41%
1928 - -
1927 - -
1926 - -1.95%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/ireland | 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 Ireland's surplus of $11.2B, or 1.54% of GDP.

Over the past 46 years, Eswatini recorded a fiscal deficit in 30 of those years, while Ireland ran a deficit in 30 years. On average, Eswatini posted an annual deficit equal to 1.28% of GDP, compared to deficit of 3.83% of GDP for Ireland.

Inflation comparison by year

Inflation
Eswatini

Ireland
1x
Year Consumer prices inflation
Eswatini Ireland
2025 - 2.21%
2024 - 2.11%
2023 - 6.3%
2022 - 7.83%
2021 - 2.34%
2020 - -0.33%
2019 2.6% 0.94%
2018 4.82% 0.47%
2017 6.22% 0.36%
2016 7.85% 0.02%
2015 4.95% -0.33%
2014 5.68% 0.19%
2013 5.62% 0.52%
2012 8.94% 1.69%
2011 6.11% 2.55%
2010 4.51% -0.92%
2009 7.45% -4.45%
2008 12.7% 4.04%
2007 8.08% 4.89%
2006 5.3% 3.94%
2005 4.77% 2.46%
2004 3.45% 2.18%
2003 7.29% 3.49%
2002 12% 4.63%
2001 5.94% 4.85%
2000 12.2% 5.58%
1999 6.09% 1.63%
1998 8.11% 2.41%
1997 7.13% 1.54%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 1.86% in Ireland. In 2019, inflation was 2.6% in Eswatini and 2.21% in Ireland.

Top exports between countries

Eswatini
Export category Export value
Chemicals & pharma $2.26M
Processed food, beverages & tobacco $447K
Raw agricultural goods $25K
Machinery & equipment $7K
Metals $5K
Miscellaneous $1K
Textiles & consumer goods $1K
Ireland
Export category Export value
Chemicals & pharma $4.66M
Machinery & equipment $167K
Metals $97K
Miscellaneous $46K
Processed food, beverages & tobacco $45K
Textiles & consumer goods $30K
Raw materials & minerals $7K
Raw agricultural goods $2K

Balance of trade

Eswatini Ireland
Current account balance
$78.3M
2024
$106B
2024
Current account balance ranking
65/190
2024
7/190
2024
Current account balance, % of GDP
+1.61%
2024
+17.4%
2024
Goods imports
$2.07B
2024
$165B
2024
Goods exports
$2.33B
2024
$356B
2024
Service imports
$542M
2024
$467B
2024
Service exports
$234M
2024
$526B
2024
Imports of goods and services, % of GDP
53.7%
2024
99.9%
2025
Exports of goods and services, % of GDP
53.8%
2024
140.1%
2025

Economic freedom indices

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

Eswatini Ireland
Economic freedom 57.5 83.3
Economic freedom ranking 116/197 3/197
Property rights 42.5 94.4
Government integrity 29.7 84
Judicial effectiveness 35.5 95.4
Tax burden 78.6 77.7
Government spending 71 85.9
Fiscal health 87.5 97
Business freedom 49.9 85.5
Labor freedom 55.2 61.3
Monetary freedom 76.8 79.3
Trade freedom 73.6 79.4
Investment freedom 50 90
Financial freedom 40 70

Economic freedom comparison by year

Eswatini
Ireland
1x
Year Economic freedom index
Eswatini Ireland
2026 57.5 83.3
2025 56.4 83.1
2024 55.6 82.6
2023 54.9 82
2022 51.4 82
2021 55.1 81.4
2020 55.3 80.9
2019 54.7 80.5
2018 55.9 80.4
2017 61.1 76.7
2016 59.7 77.3
2015 59.9 76.6
2014 61.2 76.2
2013 57.2 75.7
2012 57.2 76.9
2011 59.1 78.7
2010 57.4 81.3
2009 59.1 82.2
2008 58.4 82.5
2007 60.1 82.6
2006 61.4 82.2
2005 59.4 80.8
2004 58.6 80.3
2003 59.6 80.9
2002 60.9 80.5
2001 63.6 81.2
2000 62.6 76.1
1999 62.1 74.6
1998 62 73.7
1997 59.4 72.6
1996 58.6 68.5
1995 63.3 68.5

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 83.3 for Ireland, ranking 3/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Ireland
Services, % of GDP
52.4%
2025
56.7%
2025
Industry, % of GDP
33.6%
2025
37.8%
2025
Agriculture, forestry, and fishing, % of GDP
6.41%
2025
1.06%
2025
GNI, Atlas method
$4.69B
2025
$479B
2025
GNI per capita, PPP
$11,390
2025
$106,310
2025
Total reserves including gold
$537M
2024
$13.7B
2025
Total reserves ranking
157/177
2024
73/177
2025
Net foreign direct investment
-$11.8M
2024
$62.3B
2024
Net inflows of foreign direct investment
$75.5M
2024
$4.82B
2024
Net outflows of foreign direct investment
$63.8M
2024
$67.1B
2024
Servicing debt to the IMF, % of GNI
4.88%
2024
n/a
Poverty at national poverty lines
58.9%
2016
14%
2021
Gross capital formation, % of GDP
15%
2024
22.9%
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/ireland | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.