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Economy of Eswatini vs Lithuania compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $84.9B for Lithuania, ranking 162/197 and 79/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Eswatini vs Lithuania GDP by year

Eswatini
Lithuania
1x
Year GDP, current $
Eswatini Lithuania
2024 $4,858,885,841 $84,869,215,513
2023 $4,621,191,262 $79,789,877,416
2022 $4,746,660,274 $71,033,884,500
2021 $4,807,069,277 $67,037,321,009
2020 $4,134,677,810 $57,412,038,533
2019 $4,617,018,959 $55,122,066,226
2018 $4,643,751,059 $54,261,795,149
2017 $4,462,640,651 $47,756,764,508
2016 $3,722,306,117 $42,970,749,245
2015 $3,908,217,914 $41,540,954,817
2014 $4,285,065,665 $48,306,546,657
2013 $4,463,396,204 $46,303,660,422
2012 $4,747,813,067 $42,709,372,067
2011 $4,722,912,047 $43,186,501,863
2010 $4,360,714,359 $36,638,128,534
2009 $3,525,213,502 $37,494,380,039
2008 $3,235,921,171 $47,831,254,208
2007 $3,391,122,887 $39,729,151,615
2006 $3,215,307,901 $30,116,192,747
2005 $3,097,946,371 $26,105,207,115
2004 $2,710,331,785 $22,743,164,431
2003 $2,149,632,433 $18,809,197,970
2002 $1,393,945,031 $14,282,292,665
2001 $1,502,870,486 $12,260,761,329
2000 $1,697,161,558 $11,550,695,727
1999 $1,547,888,496 $11,022,095,814
1998 $1,576,908,856 $11,289,161,847
1997 $1,716,714,070 $10,168,271,903
1996 $1,602,741,834 $8,430,207,164
1995 $1,698,989,464 $7,921,210,340
1994 $1,419,294,254 -
1993 $1,357,189,552 -
1992 $1,284,759,928 -
1991 $1,156,135,718 -
1990 $1,114,694,041 -
1989 $696,921,542 -
1988 $692,026,455 -
1987 $584,126,092 -
1986 $449,140,318 -
1985 $360,079,419 -
1984 $494,483,409 -
1983 $555,336,146 -
1982 $537,568,059 -
1981 $570,774,825 -
1980 $541,976,853 -
1979 $412,093,134 -
1978 $340,630,085 -
1977 $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/eswatini/lithuania | CC BY

GDP per capita in Eswatini vs Lithuania by year

Eswatini
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $29,384 $55,286
2023 $3,756 $11,300 $27,786 $52,348
2022 $3,894 $10,635 $25,086 $50,936
2021 $3,984 $9,990 $23,870 $45,874
2020 $3,467 $9,329 $20,429 $41,263
2019 $3,913 $9,248 $19,609 $40,564
2018 $3,973 $8,535 $19,247 $36,492
2017 $3,853 $8,584 $16,800 $31,305
2016 $3,238 $8,484 $14,934 $28,699
2015 $3,420 $8,391 $14,270 $26,949
2014 $3,771 $8,366 $16,446 $26,275
2013 $3,950 $8,231 $15,637 $24,890
2012 $4,225 $7,760 $14,288 $23,275
2011 $4,225 $7,571 $14,262 $21,558
2010 $3,923 $7,324 $11,829 $18,719
2009 $3,190 $7,011 $11,854 $17,055
2008 $2,947 $6,914 $14,956 $19,410
2007 $3,109 $6,732 $12,295 $17,969
2006 $2,965 $6,319 $9,210 $15,522
2005 $2,871 $5,773 $7,857 $13,951
2004 $2,526 $5,310 $6,735 $12,605
2003 $2,015 $5,020 $5,507 $11,660
2002 $1,316 $4,742 $4,148 $10,296
2001 $1,430 $4,521 $3,533 $9,399
2000 $1,630 $4,401 $3,301 $8,475
1999 $1,502 $4,272 $3,128 $7,918
1998 $1,547 $4,137 $3,181 $7,846
1997 $1,705 $4,038 $2,844 $7,167
1996 $1,619 $3,916 $2,341 $6,479
1995 $1,751 $3,777 $2,183 $6,023
1994 $1,461 $3,526 - $5,667
1993 $1,397 $3,371 - $6,107
1992 $1,362 $3,289 - $7,087
1991 $1,273 $3,236 - $8,790
1990 $1,278 $3,202 - $9,030
1989 $832 - - -
1988 $865 - - -
1987 $765 - - -
1986 $611 - - -
1985 $510 - - -
1984 $726 - - -
1983 $843 - - -
1982 $843 - - -
1981 $925 - - -
1980 $908 - - -
1979 $714 - - -
1978 $610 - - -
1977 $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/eswatini/lithuania | CC BY

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Lithuania ranks 39th at $55,286.

Economic indicators

Eswatini Lithuania
Gross domestic product
$4.86B
2024
$84.9B
2024
GDP rank
162/197
2024
79/197
2024
GDP growth
2.97%
2023-2024
2.77%
2023-2024
GDP per capita
$3,910
2024
$29,384
2024
GDP per capita rank
131/197
2024
43/197
2024
GDP per capita, PPP
$11,799
2024
$55,286
2024
GDP per capita PPP rank
126/197
2024
39/197
2024
Government debt
$1.93B
2024
$32.4B
2024
Debt-to-GDP ratio
39.8%
2024
38.2%
2024
Government debt per person
$1,554
2024
$11,232
2024
Government debt per person rank
130/185
2024
49/185
2024
Average annual personal income after taxes
$3,913
2026
$19,946
2026
Market capitalization of domestic companies
$234M
2007
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
42.7%
2016
27.3%
2023
Income share by poorest 10%
1.4%
2016
2.2%
2023
Government expenditure, % of GDP
33.3%
2024
39.5%
2024
Consumer prices inflation
2.6%
2018-2019
0.72%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
7.1%
2024
Population
1273390
2829914

Spending and national debt comparison by year

Eswatini
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Eswatini Lithuania
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 39.5% 38.2%
2023 32% 40% 37.4% 37.3%
2022 29.6% 40.5% 36.3% 38.1%
2021 30.1% 38.4% 37.3% 43.3%
2020 32.7% 38.2% 42.4% 45.9%
2019 32.9% 30.7% 34.6% 35.6%
2018 32.2% 27% 33.8% 33.3%
2017 33.9% 21.9% 33.4% 39.3%
2016 34.7% 20.5% 34.5% 40%
2015 35.3% 16.4% 35.2% 42.6%
2014 33.3% 14.3% 35% 40.7%
2013 29.4% 15.5% 35.7% 38.9%
2012 27.8% 15.2% 36.6% 39.9%
2011 26% 15.1% 40.1% 37.5%
2010 31.6% 14.5% 43% 36.7%
2009 34.5% 10.8% 44.8% 27.9%
2008 34.4% 15% 38.2% 14.6%
2007 31.2% 16.6% 35.3% 15.9%
2006 28.2% 15% 34.4% 17.3%
2005 29.7% 13.9% 34.1% 17.6%
2004 32% 15.5% 33.9% 18.6%
2003 26.4% 18% 32.8% 20.4%
2002 27.2% 17.6% 34.4% 22.1%
2001 26.4% 22.4% 36.5% 22.9%
2000 25.3% 18.7% 38.7% 23.5%
1999 26.5% 17.2% 42.4% 28%
1998 22.5% 15.9% 39.6% 21.7%
1997 21.2% 13% 35% -
1996 23.3% 12% 34.4% -
1995 20.5% 12.9% 35.5% -
1994 24.7% 13.8% - -
1993 24% 15.6% - -
1992 26% 16.6% - -
1991 20.3% 20.1% - -
1990 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/eswatini/lithuania | CC BY

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 38.2% in Lithuania, ranking 134/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Lithuania
1x
Year Deficit/surplus, % of GDP
Eswatini Lithuania
2024 -1.36% -1.28%
2023 -0.67% -0.69%
2022 -5.4% -0.72%
2021 -4.68% -1.15%
2020 -4.27% -6.42%
2019 -6.26% 0.41%
2018 -6.72% 0.52%
2017 -5.68% 0.36%
2016 -8.54% 0.03%
2015 -6.03% -0.77%
2014 -1.18% -1.79%
2013 0.59% -2.69%
2012 3.48% -3.15%
2011 -4.02% -5.92%
2010 -9.52% -6.95%
2009 -3.06% -9.09%
2008 1.63% -3.09%
2007 2.44% -0.82%
2006 8.88% -0.27%
2005 -1.7% -0.34%
2004 -4.1% -1.39%
2003 -2.15% -1.26%
2002 -3.78% -1.85%
2001 -2.31% -3.52%
2000 -1.22% -3.18%
1999 -1.27% -7.82%
1998 1.07% -4.93%
1997 2.11% -0.76%
1996 -1% -3.59%
1995 0.9% -3.31%
1994 -3.61% -
1993 -3.29% -
1992 -2.9% -
1991 3.4% -
1990 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/eswatini/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Eswatini recorded a fiscal deficit in 22 of those years, while Lithuania ran a deficit in 26 years. On average, Eswatini posted an annual deficit equal to 2.13% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Eswatini

Lithuania
1x
Year Consumer prices inflation
Eswatini Lithuania
2024 - 0.72%
2023 - 9.12%
2022 - 19.7%
2021 - 4.68%
2020 - 1.2%
2019 2.6% 2.33%
2018 4.82% 2.7%
2017 6.22% 3.72%
2016 7.85% 0.91%
2015 4.95% -0.88%
2014 5.68% 0.1%
2013 5.62% 1.05%
2012 8.94% 3.09%
2011 6.11% 4.13%
2010 4.51% 1.32%
2009 7.45% 4.45%
2008 12.7% 10.9%
2007 8.08% 5.74%
2006 5.3% 3.74%
2005 4.77% 2.66%
2004 3.45% 1.16%
2003 7.29% -1.13%
2002 12% 0.28%
2001 5.94% 1.37%
2000 12.2% 0.98%
1999 6.09% 0.73%
1998 8.11% 5.07%
1997 7.13% 8.88%

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

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 2.75% in Lithuania. In 2019, inflation was 2.6% in Eswatini and 0.72% in Lithuania.

Top exports between countries

Eswatini
Export category Export value
Processed food, beverages & tobacco $92K
Raw agricultural goods $9K
Chemicals & pharma $1K
Lithuania
Export category Export value
Machinery & equipment $66K
Wood & paper products $20K

Balance of trade

Eswatini Lithuania
Current account balance
$78.3M
2024
$2.77B
2024
Current account balance ranking
69/190
2024
41/190
2024
Current account balance, % of GDP
+1.61%
2024
+3.27%
2024
Goods imports
$2.07B
2024
$43.8B
2024
Goods exports
$2.33B
2024
$38.9B
2024
Service imports
$542M
2024
$14.7B
2024
Service exports
$234M
2024
$24.3B
2024
Imports of goods and services, % of GDP
53.7%
2024
68.9%
2024
Exports of goods and services, % of GDP
53.8%
2024
74.1%
2024

Economic freedom indices

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

Eswatini Lithuania
Economic freedom 57.5 75.3
Economic freedom ranking 116/197 18/197
Property rights 42.5 91.8
Government integrity 29.7 71.4
Judicial effectiveness 35.5 73.2
Tax burden 78.6 76.2
Government spending 71 57.3
Fiscal health 87.5 95.8
Business freedom 49.9 84.2
Labor freedom 55.2 58.1
Monetary freedom 76.8 76.7
Trade freedom 73.6 79.4
Investment freedom 50 70
Financial freedom 40 70

Economic freedom comparison by year

Eswatini
Lithuania
1x
Year Economic freedom index
Eswatini Lithuania
2026 57.5 75.3
2025 56.4 74.6
2024 55.6 72.9
2023 54.9 72.2
2022 51.4 75.8
2021 55.1 76.9
2020 55.3 76.7
2019 54.7 74.2
2018 55.9 75.3
2017 61.1 75.8
2016 59.7 75.2
2015 59.9 74.7
2014 61.2 73
2013 57.2 72.1
2012 57.2 71.5
2011 59.1 71.3
2010 57.4 70.3
2009 59.1 70
2008 58.4 70.9
2007 60.1 71.5
2006 61.4 71.8
2005 59.4 70.5
2004 58.6 72.4
2003 59.6 69.7
2002 60.9 66.1
2001 63.6 65.5
2000 62.6 61.9
1999 62.1 61.5
1998 62 59.4
1997 59.4 57.3
1996 58.6 49.7
1995 63.3 -

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Lithuania
Services, % of GDP
51.4%
2024
63.6%
2024
Industry, % of GDP
34.7%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
2.57%
2024
GNI, Atlas method
$4.46B
2024
$78.4B
2024
GNI per capita, PPP
$10,760
2024
$53,920
2024
Total reserves including gold
$479M
2023
$7.41B
2024
Total reserves ranking
159/177
2023
86/177
2024
Net foreign direct investment
-$11.8M
2024
-$3.91B
2024
Net inflows of foreign direct investment
$75.5M
2024
$4.7B
2024
Net outflows of foreign direct investment
$63.8M
2024
$795M
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
n/a
Poverty at national poverty lines
58.9%
2016
20.9%
2021
Gross capital formation, % of GDP
15%
2024
20.4%
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/lithuania | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.