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Economy of Eswatini vs Myanmar compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $74.1B for Myanmar, ranking 162/197 and 85/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Eswatini vs Myanmar GDP by year

Eswatini
Myanmar
1x
Year GDP, current $
Eswatini Myanmar
2024 $4,858,885,841 $74,068,349,524
2023 $4,621,191,262 $66,757,619,000
2022 $4,746,660,274 $62,253,049,903
2021 $4,807,069,277 $66,345,291,149
2020 $4,134,677,810 $79,006,113,670
2019 $4,617,018,959 $75,065,106,243
2018 $4,643,751,059 $67,860,515,993
2017 $4,462,640,651 $66,053,040,475
2016 $3,722,306,117 $63,298,361,984
2015 $3,908,217,914 $59,607,290,408
2014 $4,285,065,665 $65,531,374,210
2013 $4,463,396,204 $60,269,732,855
2012 $4,747,813,067 $59,937,796,648
2011 $4,722,912,047 $59,977,326,086
2010 $4,360,714,359 $49,540,813,342
2009 $3,525,213,502 $36,906,181,381
2008 $3,235,921,171 $31,862,554,102
2007 $3,391,122,887 $20,182,477,481
2006 $3,215,307,901 $14,502,553,710
2005 $3,097,946,371 $11,986,972,419
2004 $2,710,331,785 $10,567,354,056
2003 $2,149,632,433 $10,467,109,978
2002 $1,393,945,031 $6,777,632,512
2001 $1,502,870,486 $6,477,790,688
2000 $1,697,161,558 $8,905,066,164
1999 $1,547,888,496 $8,486,832,801
1998 $1,576,908,856 $6,459,461,639
1997 $1,716,714,070 $4,722,288,496
1996 $1,602,741,834 $6,123,556,717
1995 $1,698,989,464 $5,289,174,943
1994 $1,419,294,254 $4,432,257,174
1993 $1,357,189,552 $3,163,020,035
1992 $1,284,759,928 $2,411,552,289
1991 $1,156,135,718 $2,069,832,687
1990 $1,114,694,041 $2,115,193,513
1989 $696,921,542 $2,013,448,229
1988 $692,026,455 $1,541,088,312
1987 $584,126,092 $1,562,448,077
1986 $449,140,318 $1,582,873,750
1985 $360,079,419 $1,478,908,173
1984 $494,483,409 $1,304,063,253
1983 $555,336,146 $1,381,573,615
1982 $537,568,059 $1,481,165,468
1981 $570,774,825 $1,111,000,765
1980 $541,976,853 $1,038,225,167
1979 $412,093,134 $952,265,043
1978 $340,630,085 $935,408,775
1977 $304,060,076 $873,579,932
1976 $272,550,068 $1,204,699,849
1975 $288,299,789 $1,061,107,354
1974 $264,320,941 $1,225,589,878
1973 $221,915,128 $719,754,655
1972 $146,736,479 $662,213,083
1971 $136,462,081 $587,448,405
1970 $112,139,955 $563,555,631
1969 $105,419,958 $571,854,215
1968 $79,799,968 $559,956,130
1967 $74,759,970 $420,359,036
1966 $76,859,969 $293,103,479
1965 $70,279,972 $367,053,117
1964 $64,980,554 $411,419,906
1963 $54,129,438 $598,998,419
1962 $45,927,962 $634,528,872
1961 $43,026,043 $605,581,577
1960 $35,076,846 $545,098,448

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

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

GDP per capita in Eswatini vs Myanmar by year

Eswatini
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $1,359 $5,997
2023 $3,756 $11,300 $1,233 $5,953
2022 $3,894 $10,635 $1,158 $5,732
2021 $3,984 $9,990 $1,243 $5,178
2020 $3,467 $9,329 $1,490 $5,741
2019 $3,913 $9,248 $1,426 $6,101
2018 $3,973 $8,535 $1,298 $5,581
2017 $3,853 $8,584 $1,273 $4,706
2016 $3,238 $8,484 $1,229 $4,460
2015 $3,420 $8,391 $1,167 $4,459
2014 $3,771 $8,366 $1,293 $4,376
2013 $3,950 $8,231 $1,199 $4,144
2012 $4,225 $7,760 $1,203 $3,845
2011 $4,225 $7,571 $1,214 $3,579
2010 $3,923 $7,324 $1,011 $3,348
2009 $3,190 $7,011 $758 $3,040
2008 $2,947 $6,914 $658 $2,748
2007 $3,109 $6,732 $419 $2,459
2006 $2,965 $6,319 $303 $2,153
2005 $2,871 $5,773 $252.7 $1,860
2004 $2,526 $5,310 $224.5 $1,601
2003 $2,015 $5,020 $224.3 $1,385
2002 $1,316 $4,742 $146.6 $1,204
2001 $1,430 $4,521 $141.5 $1,069
2000 $1,630 $4,401 $196.6 $949
1999 $1,502 $4,272 $189.5 $825
1998 $1,547 $4,137 $146 $742
1997 $1,705 $4,038 $108 $702
1996 $1,619 $3,916 $141.9 $661
1995 $1,751 $3,777 $124.1 $618
1994 $1,461 $3,526 $105.4 $573
1993 $1,397 $3,371 $76.2 $529
1992 $1,362 $3,289 $58.9 $494
1991 $1,273 $3,236 $51.2 $447
1990 $1,278 $3,202 $53.1 $441
1989 $832 - $51.3 -
1988 $865 - $39.9 -
1987 $765 - $41.1 -
1986 $611 - $42.4 -
1985 $510 - $40.4 -
1984 $726 - $36.3 -
1983 $843 - $39.3 -
1982 $843 - $43 -
1981 $925 - $32.8 -
1980 $908 - $31.2 -
1979 $714 - $29.2 -
1978 $610 - $29.3 -
1977 $563 - $27.9 -
1976 $521 - $39.2 -
1975 $568 - $35.2 -
1974 $536 - $41.4 -
1973 $463 - $24.8 -
1972 $315 - $23.3 -
1971 $301 - $21.1 -
1970 $254.2 - $20.7 -
1969 $245.2 - $21.5 -
1968 $190.4 - $21.5 -
1967 $182.8 - $16.5 -
1966 $192.7 - $11.8 -
1965 $181 - $15.1 -
1964 $171.6 - $17.3 -
1963 $146.4 - $25.8 -
1962 $127.1 - $27.9 -
1961 $121.8 - $27.3 -
1960 $101.6 - $25.1 -

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

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

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Myanmar ranks 153rd at $5,997.

Economic indicators

Eswatini Myanmar
Gross domestic product
$4.86B
2024
$74.1B
2024
GDP rank
162/197
2024
85/197
2024
GDP growth
2.97%
2023-2024
-0.97%
2023-2024
GDP per capita
$3,910
2024
$1,359
2024
GDP per capita rank
131/197
2024
165/197
2024
GDP per capita, PPP
$11,799
2024
$5,997
2024
GDP per capita PPP rank
126/197
2024
153/197
2024
Government debt
$1.93B
2024
$44B
2024
Debt-to-GDP ratio
39.8%
2024
59.3%
2024
Government debt per person
$1,554
2024
$806
2024
Government debt per person rank
130/185
2024
150/185
2024
Average annual personal income after taxes
$3,913
2026
$1,646
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
25.5%
2017
Income share by poorest 10%
1.4%
2016
3.8%
2017
Government expenditure, % of GDP
33.3%
2024
20.7%
2024
Consumer prices inflation
2.6%
2018-2019
8.83%
2018-2019
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
1.48%
2020
Population
1273390
55292116

Spending and national debt comparison by year

Eswatini
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Eswatini Myanmar
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 20.7% 59.3%
2023 32% 40% 21.4% 59.1%
2022 29.6% 40.5% 21.3% 56.1%
2021 30.1% 38.4% 20.9% 63.4%
2020 32.7% 38.2% 21.3% 49.1%
2019 32.9% 30.7% 20.5% 37.6%
2018 32.2% 27% 18.7% 39.9%
2017 33.9% 21.9% 19.7% 41.9%
2016 34.7% 20.5% 21.3% 35.7%
2015 35.3% 16.4% 23.7% 36.6%
2014 33.3% 14.3% 24.7% 34.5%
2013 29.4% 15.5% 23.9% 44.8%
2012 27.8% 15.2% 20% 48%
2011 26% 15.1% 15.6% 49.9%
2010 31.6% 14.5% 15.8% 54.4%
2009 34.5% 10.8% 14.4% 56.4%
2008 34.4% 15% 14.4% 59.8%
2007 31.2% 16.6% 15.7% 77.4%
2006 28.2% 15% 15.6% 103.1%
2005 29.7% 13.9% 14.6% 119%
2004 32% 15.5% 14.6% 126.6%
2003 26.4% 18% 14.3% 146%
2002 27.2% 17.6% 15.3% 190.6%
2001 26.4% 22.4% 19.1% 262%
2000 25.3% 18.7% 21.4% 164.5%
1999 26.5% 17.2% 22.8% 150.7%
1998 22.5% 15.9% 25.2% 208.6%
1997 21.2% 13% - -
1996 23.3% 12% - -
1995 20.5% 12.9% - -
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/myanmar | CC BY

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 59.3% in Myanmar, ranking 134/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Myanmar
1x
Year Deficit/surplus, % of GDP
Eswatini Myanmar
2024 -1.36% -5.06%
2023 -0.67% -5.18%
2022 -5.4% -2.82%
2021 -4.68% -2.47%
2020 -4.27% -6.5%
2019 -6.26% -4.7%
2018 -6.72% -2.77%
2017 -5.68% -3.42%
2016 -8.54% -2.53%
2015 -6.03% -4.33%
2014 -1.18% -1.06%
2013 0.59% -1.53%
2012 3.48% -2.7%
2011 -4.02% -4.82%
2010 -9.52% -5.4%
2009 -3.06% -3.55%
2008 1.63% -2.73%
2007 2.44% -3.52%
2006 8.88% -3.42%
2005 -1.7% -3.49%
2004 -4.1% -4.62%
2003 -2.15% -4.24%
2002 -3.78% -4.01%
2001 -2.31% -6.34%
2000 -1.22% -6.03%
1999 -1.27% -4.46%
1998 1.07% -4.89%
1997 2.11% -
1996 -1% -
1995 0.9% -
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Eswatini recorded a fiscal deficit in 21 of those years, while Myanmar ran a deficit in 27 years. On average, Eswatini posted an annual deficit equal to 2.44% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Eswatini

Myanmar
1x
Year Consumer prices inflation
Eswatini Myanmar
2019 2.6% 8.83%
2018 4.82% 6.87%
2017 6.22% 4.57%
2016 7.85% 6.93%
2015 4.95% 9.45%
2014 5.68% 4.95%
2013 5.62% 5.64%
2012 8.94% 1.47%
2011 6.11% 5.02%
2010 4.51% 7.72%
2009 7.45% 1.47%
2008 12.7% 26.8%
2007 8.08% 35%
2006 5.3% 20%
2005 4.77% 9.37%
2004 3.45% 4.53%
2003 7.29% 36.6%
2002 12% 57.1%
2001 5.94% 21.1%
2000 12.2% -0.11%
1999 6.09% 18.4%
1998 8.11% 51.5%
1997 7.13% 29.7%

Data sources: World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 16.2% in Myanmar. In 2019, inflation was 2.6% in Eswatini and 8.83% in Myanmar.

Top exports between countries

Eswatini
Export category Export value
Myanmar
Export category Export value
Textiles & consumer goods $68K
Processed food, beverages & tobacco $55K

Balance of trade

Eswatini Myanmar
Current account balance
$78.3M
2024
$67.7M
2019
Current account balance ranking
69/190
2024
71/190
2019
Current account balance, % of GDP
+1.61%
2024
+0.09%
2019
Goods imports
$2.07B
2024
$13.7B
2019
Goods exports
$2.33B
2024
$10.8B
2019
Service imports
$542M
2024
$3.66B
2019
Service exports
$234M
2024
$6.68B
2019
Imports of goods and services, % of GDP
53.7%
2024
n/a
Exports of goods and services, % of GDP
53.8%
2024
24.3%
2025

Economic freedom indices

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

Eswatini Myanmar
Economic freedom 57.5 44.5
Economic freedom ranking 116/197 180/197
Property rights 42.5 5.7
Government integrity 29.7 18.1
Judicial effectiveness 35.5 3.9
Tax burden 78.6 88.6
Government spending 71 86.6
Fiscal health 87.5 62.7
Business freedom 49.9 37.9
Labor freedom 55.2 53.2
Monetary freedom 76.8 57.5
Trade freedom 73.6 69.4
Investment freedom 50 30
Financial freedom 40 20

Economic freedom comparison by year

Eswatini
Myanmar
1x
Year Economic freedom index
Eswatini Myanmar
2026 57.5 44.5
2025 56.4 43.7
2024 55.6 42.2
2023 54.9 46.5
2022 51.4 49.6
2021 55.1 55.2
2020 55.3 54
2019 54.7 53.6
2018 55.9 53.9
2017 61.1 52.5
2016 59.7 48.7
2015 59.9 46.9
2014 61.2 46.5
2013 57.2 39.2
2012 57.2 38.7
2011 59.1 37.8
2010 57.4 36.7
2009 59.1 37.7
2008 58.4 39.5
2007 60.1 41
2006 61.4 40
2005 59.4 40.5
2004 58.6 43.6
2003 59.6 44.9
2002 60.9 45.5
2001 63.6 46.1
2000 62.6 47.9
1999 62.1 46.4
1998 62 45.7
1997 59.4 45.4
1996 58.6 45.1
1995 63.3 -

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Myanmar
Services, % of GDP
51.4%
2024
41.4%
2024
Industry, % of GDP
34.7%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
20.8%
2024
GNI, Atlas method
$4.46B
2024
$65.9B
2024
GNI per capita, PPP
$10,760
2024
$5,890
2024
Total reserves including gold
$479M
2023
$9.34B
2023
Total reserves ranking
159/177
2023
81/177
2023
Net foreign direct investment
-$11.8M
2024
-$1.74B
2019
Net inflows of foreign direct investment
$75.5M
2024
$1.1B
2024
Net outflows of foreign direct investment
$63.8M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
1.31%
2024
Poverty at national poverty lines
58.9%
2016
24.8%
2017
Gross capital formation, % of GDP
15%
2024
n/a

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/myanmar | 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 (2021–2023, 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.