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Economy of Eswatini vs Niger compared: GDP & Debt

Updated on by Georank

Eswatini has a GDP of $5.16B compared to $21.6B for Niger, ranking 163/197 and 129/197 by economy size, respectively.

Eswatini has $2.31B in government debt (44.9% of GDP), compared to $9.82B (45.4% of GDP) in Niger.

Eswatini vs Niger GDP by year

Eswatini
Niger
1x
Year GDP, current $
Eswatini Niger
2025 $5,160,679,613 $21,646,191,388
2024 $4,858,885,841 $19,729,786,047
2023 $4,621,191,262 $16,949,765,464
2022 $4,746,660,274 $15,531,799,641
2021 $4,807,069,277 $14,936,154,253
2020 $4,134,677,810 $13,648,332,190
2019 $4,617,018,959 $12,420,836,507
2018 $4,643,751,059 $12,800,907,986
2017 $4,462,640,651 $11,359,273,443
2016 $3,722,306,117 $10,341,025,540
2015 $3,908,217,914 $9,683,867,926
2014 $4,285,065,665 $10,862,943,544
2013 $4,463,396,204 $10,224,897,438
2012 $4,747,813,067 $9,426,912,648
2011 $4,722,912,047 $8,772,950,778
2010 $4,360,714,359 $7,851,192,502
2009 $3,525,213,502 $7,352,131,310
2008 $3,235,921,171 $7,297,600,226
2007 $3,391,122,887 $5,731,485,052
2006 $3,215,307,901 $4,756,361,252
2005 $3,097,946,371 $4,383,315,965
2004 $2,710,331,785 $3,760,443,738
2003 $2,149,632,433 $3,394,084,732
2002 $1,393,945,031 $2,782,192,879
2001 $1,502,870,486 $2,448,714,704
2000 $1,697,161,558 $2,241,753,193
1999 $1,547,888,496 $2,537,789,821
1998 $1,576,908,856 $2,643,363,519
1997 $1,716,714,070 $2,290,318,910
1996 $1,602,741,834 $2,405,686,940
1995 $1,698,989,464 $2,302,537,562
1994 $1,419,294,254 $1,938,058,175
1993 $1,357,189,552 $3,052,673,849
1992 $1,284,759,928 $3,386,232,579
1991 $1,156,135,718 $3,285,796,875
1990 $1,114,694,041 $3,512,356,508
1989 $696,921,542 $2,179,567,114
1988 $692,026,455 $2,280,356,193
1987 $584,126,092 $2,233,006,105
1986 $449,140,318 $1,904,096,998
1985 $360,079,419 $1,440,581,652
1984 $494,483,409 $1,461,243,326
1983 $555,336,146 $1,803,099,561
1982 $537,568,059 $2,017,612,216
1981 $570,774,825 $2,170,893,414
1980 $541,976,853 $2,508,524,721
1979 $412,093,134 $2,109,277,666
1978 $340,630,085 $1,774,365,590
1977 $304,060,076 $1,291,458,041
1976 $272,550,068 $1,064,517,601
1975 $288,299,789 $1,048,690,933
1974 $264,320,941 $1,026,137,111
1973 $221,915,128 $946,385,105
1972 $146,736,479 $742,779,661
1971 $136,462,081 $693,573,704
1970 $112,139,955 $649,916,621
1969 $105,419,958 $625,867,985
1968 $79,799,968 $641,214,226
1967 $74,759,970 $665,586,872
1966 $76,859,969 $702,296,079
1965 $70,279,972 $673,383,511
1964 $64,980,554 $582,816,396
1963 $54,129,438 $586,294,879
1962 $45,927,962 $531,736,599
1961 $43,026,043 $485,785,231
1960 $35,076,846 $449,526,873

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

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

GDP per capita in Eswatini vs Niger by year

Eswatini
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,108 - $775 -
2024 $3,910 $11,799 $730 $2,050
2023 $3,756 $11,300 $648 $1,875
2022 $3,894 $10,635 $614 $1,840
2021 $3,984 $9,990 $610 $1,586
2020 $3,467 $9,329 $575 $1,497
2019 $3,913 $9,248 $541 $1,419
2018 $3,973 $8,535 $577 $1,276
2017 $3,853 $8,584 $530 $1,208
2016 $3,238 $8,484 $500 $1,189
2015 $3,420 $8,391 $486 $1,172
2014 $3,771 $8,366 $565 $1,161
2013 $3,950 $8,231 $552 $1,138
2012 $4,225 $7,760 $529 $1,162
2011 $4,225 $7,571 $511 $1,064
2010 $3,923 $7,324 $474 $1,058
2009 $3,190 $7,011 $461 $999
2008 $2,947 $6,914 $475 $1,010
2007 $3,109 $6,732 $387 $955
2006 $2,965 $6,319 $333 $935
2005 $2,871 $5,773 $319 $888
2004 $2,526 $5,310 $283.5 $832
2003 $2,015 $5,020 $265.2 $837
2002 $1,316 $4,742 $225.3 $832
2001 $1,430 $4,521 $205.4 $809
2000 $1,630 $4,401 $194.8 $764
1999 $1,502 $4,272 $228.3 $783
1998 $1,547 $4,137 $246.1 $801
1997 $1,705 $4,038 $220.6 $745
1996 $1,619 $3,916 $239.5 $746
1995 $1,751 $3,777 $237 $757
1994 $1,461 $3,526 $206.2 $748
1993 $1,397 $3,371 $335 $742
1992 $1,362 $3,289 $384 $746
1991 $1,273 $3,236 $384 $738
1990 $1,278 $3,202 $424 $739
1989 $832 - $271.3 -
1988 $865 - $292.6 -
1987 $765 - $295.3 -
1986 $611 - $259.6 -
1985 $510 - $202.4 -
1984 $726 - $211.5 -
1983 $843 - $268.8 -
1982 $843 - $310 -
1981 $925 - $343 -
1980 $908 - $409 -
1979 $714 - $354 -
1978 $610 - $307 -
1977 $563 - $229.8 -
1976 $521 - $194.8 -
1975 $568 - $197.2 -
1974 $536 - $198.3 -
1973 $463 - $187.9 -
1972 $315 - $151.4 -
1971 $301 - $145.2 -
1970 $254.2 - $139.8 -
1969 $245.2 - $138.3 -
1968 $190.4 - $145.6 -
1967 $182.8 - $155.4 -
1966 $192.7 - $168.6 -
1965 $181 - $166.3 -
1964 $171.6 - $148.1 -
1963 $146.4 - $153.3 -
1962 $127.1 - $143.2 -
1961 $121.8 - $134.6 -
1960 $101.6 - $128.3 -

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

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

Eswatini's GDP per capita is $4,108, ranking 131/197, compared to $775 in Niger, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Niger ranks 186th at $2,050.

Economic indicators

Eswatini Niger
Gross domestic product
$5.16B
2025
$21.6B
2025
GDP rank
163/197
2025
129/197
2025
GDP growth
4.19%
2024-2025
7.01%
2024-2025
GDP per capita
$4,108
2025
$775
2025
GDP per capita rank
131/197
2025
188/197
2025
GDP per capita, PPP
$11,799
2024
$2,050
2024
GDP per capita PPP rank
126/197
2024
186/197
2024
Government debt
$2.31B
2025
$9.82B
2025
Debt-to-GDP ratio
44.9%
2025
45.4%
2025
Government debt per person
$1,843
2025
$352
2025
Government debt per person rank
121/185
2025
175/185
2025
Average annual personal income after taxes
$4,770
2026
$1,418
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
27.8%
2021
Income share by poorest 10%
1.4%
2016
3.8%
2021
Government expenditure, % of GDP
35.7%
2025
14.8%
2025
Consumer prices inflation
2.6%
2018-2019
-4.45%
2024-2025
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.3%
2023
0.4%
2022
Population
1276995
29294628

Spending and national debt comparison by year

Eswatini
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Eswatini Niger
Government spending Government debt Government spending Government debt
2025 35.7% 44.9% 14.8% 45.4%
2024 33.6% 40.1% 13.4% 47.7%
2023 31.5% 39.4% 15.8% 51.8%
2022 28.9% 39.5% 21.6% 50.7%
2021 29.3% 37.3% 24.3% 51.3%
2020 32.2% 37.7% 22.4% 45%
2019 32.8% 30.5% 21.6% 39.8%
2018 31.6% 26.5% 21.2% 37%
2017 33.6% 21.7% 19.5% 36.5%
2016 34% 20.1% 19.4% 32.8%
2015 34.5% 16% 24.2% 29.9%
2014 32.7% 14.1% 23.6% 22.1%
2013 28.8% 15.2% 20.4% 19.6%
2012 27.1% 14.8% 16.6% 18.1%
2011 25.1% 14.6% 15.3% 14.7%
2010 31.1% 14.2% 14.3% 15.1%
2009 33.9% 10.6% 17.7% 15.9%
2008 33.4% 14.6% 16.9% 14.2%
2007 30.4% 16.1% 17.4% 17.8%
2006 27.6% 14.7% 15.2% 18.3%
2005 29% 13.6% 15.6% 49.5%
2004 31% 15% 16.1% 55%
2003 25.9% 17.7% 14% 60.6%
2002 26.5% 17.2% 14.4% 69%
2001 25.6% 21.7% 13.7% 74%
2000 24.7% 18.2% 13.5% 82.1%
1999 25.8% 16.7% 15% 63.3%
1998 22% 15.6% 13.6% 61.3%
1997 20.7% 12.7% 12.9% 69.1%
1996 22.5% 11.5% 10.9% 63.5%
1995 19.9% 12.5% 12.5% 69.4%
1994 23.4% 13.1% - -
1993 23% 15% - -
1992 24.7% 16.6% - -
1991 19.6% 20.1% - -
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 (1980–1992, retrieved 2026-07-08).

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

In 2025, Eswatini's government spending was $1.84B, accounting for 35.7% of its GDP, while Niger spent $3.2B, or 14.8% of GDP.

Debt-to-GDP ratio is 44.9% in Eswatini and 45.4% in Niger, ranking 118/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Niger
1x
Year Deficit/surplus, % of GDP
Eswatini Niger
2025 -6.14% -3.28%
2024 -1.06% -4.27%
2023 -0.66% -5.37%
2022 -5.27% -6.77%
2021 -4.55% -6.1%
2020 -4.21% -4.82%
2019 -6.23% -3.56%
2018 -6.59% -3.01%
2017 -5.64% -4.12%
2016 -8.36% -4.46%
2015 -5.89% -6.75%
2014 -1.16% -6.12%
2013 0.57% -1.93%
2012 3.39% -0.83%
2011 -3.88% -2.19%
2010 -9.34% -0.99%
2009 -3% -3.93%
2008 1.58% 1.11%
2007 2.37% -0.75%
2006 8.67% 31%
2005 -1.66% -1.53%
2004 -3.97% -2.76%
2003 -2.11% -2.17%
2002 -3.69% -2.21%
2001 -2.24% -2.59%
2000 -1.19% -2.83%
1999 -1.23% -4.27%
1998 1.05% -2.23%
1997 2.06% -2.39%
1996 -0.97% -0.36%
1995 0.87% -3.19%
1994 -3.43% -
1993 -3.15% -
1992 -2.76% -
1991 3.28% -
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/niger | 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 Niger's deficit of $711M, or 3.28% of GDP.

Over the past 31 years, Eswatini recorded a fiscal deficit in 23 of those years, while Niger ran a deficit in 29 years. On average, Eswatini posted an annual deficit equal to 2.21% of GDP, compared to deficit of 2.05% of GDP for Niger.

Inflation comparison by year

Inflation
Eswatini

Niger
1x
Year Consumer prices inflation
Eswatini Niger
2025 - -4.45%
2024 - 9.07%
2023 - 3.7%
2022 - 4.23%
2021 - 3.84%
2020 - 2.9%
2019 2.6% -2.49%
2018 4.82% 2.97%
2017 6.22% 2.8%
2016 7.85% 1.65%
2015 4.95% -0.58%
2014 5.68% -0.93%
2013 5.62% 2.3%
2012 8.94% 0.46%
2011 6.11% 2.94%
2010 4.51% 0.8%
2009 7.45% 0.58%
2008 12.7% 11.3%
2007 8.08% 0.05%
2006 5.3% 0.04%
2005 4.77% 7.8%
2004 3.45% 0.26%
2003 7.29% -1.61%
2002 12% 2.63%
2001 5.94% 4.01%
2000 12.2% 2.9%
1999 6.09% -2.3%
1998 8.11% 4.55%
1997 7.13% 2.93%

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

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 1.87% in Niger. In 2019, inflation was 2.6% in Eswatini and -4.45% in Niger.

Top exports between countries

Eswatini
Export category Export value
Niger
Export category Export value
Machinery & equipment $58K

Balance of trade

Eswatini Niger
Current account balance
$78.3M
2024
-$1.2B
2024
Current account balance ranking
65/190
2024
123/190
2024
Current account balance, % of GDP
+1.61%
2024
-6.09%
2024
Goods imports
$2.07B
2024
$2B
2024
Goods exports
$2.33B
2024
$1.52B
2024
Service imports
$542M
2024
$1.03B
2024
Service exports
$234M
2024
$248M
2024
Imports of goods and services, % of GDP
53.7%
2024
18.1%
2025
Exports of goods and services, % of GDP
53.8%
2024
15.8%
2025

Economic freedom indices

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

Eswatini Niger
Economic freedom 57.5 51
Economic freedom ranking 116/197 156/197
Property rights 42.5 16.6
Government integrity 29.7 33.9
Judicial effectiveness 35.5 28
Tax burden 78.6 78.2
Government spending 71 91.4
Fiscal health 87.5 47.6
Business freedom 49.9 32.4
Labor freedom 55.2 54.7
Monetary freedom 76.8 67.9
Trade freedom 73.6 65.8
Investment freedom 50 55
Financial freedom 40 40

Economic freedom comparison by year

Eswatini
Niger
1x
Year Economic freedom index
Eswatini Niger
2026 57.5 51
2025 56.4 51.5
2024 55.6 52.3
2023 54.9 53.7
2022 51.4 54.9
2021 55.1 57.3
2020 55.3 54.7
2019 54.7 51.6
2018 55.9 49.5
2017 61.1 50.8
2016 59.7 54.3
2015 59.9 54.6
2014 61.2 55.1
2013 57.2 53.9
2012 57.2 54.3
2011 59.1 54.3
2010 57.4 52.9
2009 59.1 53.8
2008 58.4 52.9
2007 60.1 53.2
2006 61.4 52.5
2005 59.4 54.1
2004 58.6 54.6
2003 59.6 54.2
2002 60.9 48.2
2001 63.6 48.9
2000 62.6 45.9
1999 62.1 48.6
1998 62 47.5
1997 59.4 46.6
1996 58.6 45.8
1995 63.3 -

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Niger
Services, % of GDP
52.4%
2025
31.1%
2025
Industry, % of GDP
33.6%
2025
18.7%
2025
Agriculture, forestry, and fishing, % of GDP
6.41%
2025
47.6%
2025
GNI, Atlas method
$4.69B
2025
$20.9B
2025
GNI per capita, PPP
$11,390
2025
$2,150
2025
Total reserves including gold
$537M
2024
n/a
Total reserves ranking
157/177
2024
n/a
Net foreign direct investment
-$11.8M
2024
-$337M
2024
Net inflows of foreign direct investment
$75.5M
2024
$358M
2024
Net outflows of foreign direct investment
$63.8M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
4.88%
2024
1.96%
2024
Poverty at national poverty lines
58.9%
2016
41.2%
2021
Gross capital formation, % of GDP
15%
2024
22%
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/niger | 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 (1980–1992, 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 (2023, 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.