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Economy of Eswatini vs Poland compared: GDP & Debt

Updated on by Georank

Eswatini has a GDP of $5.16B compared to $1.04T for Poland, ranking 163/197 and 21/197 by economy size, respectively.

Eswatini has $2.31B in government debt (44.9% of GDP), compared to $609B (58.8% of GDP) in Poland.

Eswatini vs Poland GDP by year

Eswatini
Poland
1x
Year GDP, current $
Eswatini Poland
2025 $5,160,679,613 $1,035,491,784,197
2024 $4,858,885,841 $917,767,106,147
2023 $4,621,191,262 $812,451,193,396
2022 $4,746,660,274 $695,607,470,875
2021 $4,807,069,277 $689,170,230,665
2020 $4,134,677,810 $605,914,237,904
2019 $4,617,018,959 $602,683,770,145
2018 $4,643,751,059 $594,616,632,477
2017 $4,462,640,651 $528,356,723,263
2016 $3,722,306,117 $473,259,623,976
2015 $3,908,217,914 $480,054,118,583
2014 $4,285,065,665 $542,134,167,179
2013 $4,463,396,204 $518,179,836,405
2012 $4,747,813,067 $498,148,649,703
2011 $4,722,912,047 $527,848,543,023
2010 $4,360,714,359 $478,111,630,684
2009 $3,525,213,502 $440,891,472,247
2008 $3,235,921,171 $535,612,030,672
2007 $3,391,122,887 $429,715,132,138
2006 $3,215,307,901 $345,897,630,736
2005 $3,097,946,371 $306,999,913,151
2004 $2,710,331,785 $256,268,656,145
2003 $2,149,632,433 $218,561,225,998
2002 $1,393,945,031 $199,694,463,256
2001 $1,502,870,486 $191,823,200,371
2000 $1,697,161,558 $172,953,527,033
1999 $1,547,888,496 $170,704,452,715
1998 $1,576,908,856 $175,282,269,667
1997 $1,716,714,070 $159,893,964,917
1996 $1,602,741,834 $160,813,026,223
1995 $1,698,989,464 $142,838,527,115
1994 $1,419,294,254 $110,803,635,288
1993 $1,357,189,552 $96,043,157,273
1992 $1,284,759,928 $94,337,050,693
1991 $1,156,135,718 $85,500,935,935
1990 $1,114,694,041 $65,977,748,211
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Eswatini vs Poland by year

Eswatini
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,108 - $28,420 -
2024 $3,910 $11,799 $25,104 $51,263
2023 $3,756 $11,300 $22,145 $48,473
2022 $3,894 $10,635 $18,891 $46,778
2021 $3,984 $9,990 $18,636 $41,060
2020 $3,467 $9,329 $16,151 $37,089
2019 $3,913 $9,248 $15,875 $35,882
2018 $3,973 $8,535 $15,658 $32,345
2017 $3,853 $8,584 $13,913 $30,170
2016 $3,238 $8,484 $12,464 $28,360
2015 $3,420 $8,391 $12,638 $26,988
2014 $3,771 $8,366 $14,262 $25,460
2013 $3,950 $8,231 $13,622 $24,434
2012 $4,225 $7,760 $13,087 $23,728
2011 $4,225 $7,571 $13,868 $22,809
2010 $3,923 $7,324 $12,568 $20,991
2009 $3,190 $7,011 $11,556 $19,300
2008 $2,947 $6,914 $14,049 $18,372
2007 $3,109 $6,732 $11,273 $16,833
2006 $2,965 $6,319 $9,069 $15,205
2005 $2,871 $5,773 $8,044 $13,936
2004 $2,526 $5,310 $6,712 $13,413
2003 $2,015 $5,020 $5,721 $12,329
2002 $1,316 $4,742 $5,223 $11,841
2001 $1,430 $4,521 $5,015 $11,175
2000 $1,630 $4,401 $4,521 $10,721
1999 $1,502 $4,272 $4,416 $10,081
1998 $1,547 $4,137 $4,534 $9,521
1997 $1,705 $4,038 $4,137 $8,967
1996 $1,619 $3,916 $4,164 $8,310
1995 $1,751 $3,777 $3,701 $7,715
1994 $1,461 $3,526 $2,875 $7,040
1993 $1,397 $3,371 $2,497 $6,560
1992 $1,362 $3,289 $2,459 $6,193
1991 $1,273 $3,236 $2,236 $5,925
1990 $1,278 $3,202 $1,731 $6,185
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 (1960–2025, retrieved 2026-07-08).

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

Eswatini's GDP per capita is $4,108, ranking 131/197, compared to $28,420 in Poland, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Poland ranks 43rd at $51,263.

Economic indicators

Eswatini Poland
Gross domestic product
$5.16B
2025
$1.04T
2025
GDP rank
163/197
2025
21/197
2025
GDP growth
4.19%
2024-2025
3.57%
2024-2025
GDP per capita
$4,108
2025
$28,420
2025
GDP per capita rank
131/197
2025
47/197
2025
GDP per capita, PPP
$11,799
2024
$51,263
2024
GDP per capita PPP rank
126/197
2024
43/197
2024
Government debt
$2.31B
2025
$609B
2025
Debt-to-GDP ratio
44.9%
2025
58.8%
2025
Government debt per person
$1,843
2025
$16,712
2025
Government debt per person rank
121/185
2025
39/185
2025
Average annual personal income after taxes
$4,770
2026
$20,616
2026
Market capitalization of domestic companies
$234M
2007
$316B
2025
Number of millionaires n/a
101,000
2026
Number of billionaires
1
2026
10
2026
Income share by richest 10%
42.7%
2016
22.9%
2023
Income share by poorest 10%
1.4%
2016
3.3%
2023
Government expenditure, % of GDP
35.7%
2025
50%
2025
Consumer prices inflation
2.6%
2018-2019
3.81%
2024-2025
Central bank interest rate
6.75%
2025
3.75%
2026
Unemployment rate
34.3%
2023
3.02%
2025
Population
1276995
36007074

Spending and national debt comparison by year

Eswatini
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Eswatini Poland
Government spending Government debt Government spending Government debt
2025 35.7% 44.9% 50% 58.8%
2024 33.6% 40.1% 49.4% 55.1%
2023 31.5% 39.4% 46.9% 49.5%
2022 28.9% 39.5% 43.2% 48.8%
2021 29.3% 37.3% 43.6% 53%
2020 32.2% 37.7% 47.7% 56.6%
2019 32.8% 30.5% 41.4% 45.2%
2018 31.6% 26.5% 41% 48.2%
2017 33.6% 21.7% 41.1% 50.4%
2016 34% 20.1% 41.1% 54.1%
2015 34.5% 16% 41.5% 51.1%
2014 32.7% 14.1% 42.7% 51.1%
2013 28.8% 15.2% 43.2% 56.9%
2012 27.1% 14.8% 43.2% 54.5%
2011 25.1% 14.6% 44.1% 54.8%
2010 31.1% 14.2% 46% 53.7%
2009 33.9% 10.6% 44.9% 49.7%
2008 33.4% 14.6% 44% 46.6%
2007 30.4% 16.1% 42.8% 44.4%
2006 27.6% 14.7% 44.3% 47.1%
2005 29% 13.6% 44.1% 46.5%
2004 31% 15% 43.4% 45%
2003 25.9% 17.7% 45.3% 46.2%
2002 26.5% 17.2% 44.9% 41.4%
2001 25.6% 21.7% 44.6% 37%
2000 24.7% 18.2% 42.9% 36.3%
1999 25.8% 16.7% 42.4% 39.2%
1998 22% 15.6% 43.9% 38.6%
1997 20.7% 12.7% 46% 42.6%
1996 22.5% 11.5% 50.6% 43%
1995 19.9% 12.5% 47.3% 48.6%
1994 23.4% 13.1% - 64.3%
1993 23% 15% - 83.9%
1992 24.7% 16.6% - 81.9%
1991 19.6% 20.1% - 76.9%
1990 18.2% 20.4% - 89.7%
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% - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

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/poland | CC BY

In 2025, Eswatini's government spending was $1.84B, accounting for 35.7% of its GDP, while Poland spent $517B, or 50% of GDP.

Debt-to-GDP ratio is 44.9% in Eswatini and 58.8% in Poland, ranking 118/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Poland
1x
Year Deficit/surplus, % of GDP
Eswatini Poland
2025 -6.14% -7.01%
2024 -1.06% -6.48%
2023 -0.66% -5.2%
2022 -5.27% -3.37%
2021 -4.55% -1.68%
2020 -4.21% -6.85%
2019 -6.23% -0.73%
2018 -6.59% -0.24%
2017 -5.64% -1.49%
2016 -8.36% -2.38%
2015 -5.89% -2.59%
2014 -1.16% -3.66%
2013 0.57% -4.25%
2012 3.39% -3.8%
2011 -3.88% -4.97%
2010 -9.34% -7.43%
2009 -3% -7.24%
2008 1.58% -3.6%
2007 2.37% -1.88%
2006 8.67% -3.53%
2005 -1.66% -3.93%
2004 -3.97% -5%
2003 -2.11% -6%
2002 -3.69% -4.79%
2001 -2.24% -4.71%
2000 -1.19% -3.98%
1999 -1.23% -2.29%
1998 1.05% -4.24%
1997 2.06% -4.59%
1996 -0.97% -4.82%
1995 0.87% -4.38%
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/poland | 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 Poland's deficit of $72.6B, or 7.01% of GDP.

Over the past 31 years, Eswatini recorded a fiscal deficit in 23 of those years, while Poland ran a deficit in 31 years. On average, Eswatini posted an annual deficit equal to 2.21% of GDP, compared to deficit of 4.1% of GDP for Poland.

Inflation comparison by year

Inflation
Eswatini

Poland
1x
Year Consumer prices inflation
Eswatini Poland
2025 - 3.81%
2024 - 3.79%
2023 - 11.5%
2022 - 14.4%
2021 - 5.06%
2020 - 3.37%
2019 2.6% 2.23%
2018 4.82% 1.81%
2017 6.22% 2.08%
2016 7.85% -0.66%
2015 4.95% -0.87%
2014 5.68% 0.05%
2013 5.62% 0.99%
2012 8.94% 3.56%
2011 6.11% 4.24%
2010 4.51% 2.58%
2009 7.45% 3.8%
2008 12.7% 4.16%
2007 8.08% 2.46%
2006 5.3% 1.28%
2005 4.77% 2.18%
2004 3.45% 3.38%
2003 7.29% 0.68%
2002 12% 1.91%
2001 5.94% 5.41%
2000 12.2% 9.9%
1999 6.09% 7.15%
1998 8.11% 11.6%
1997 7.13% 14.9%

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

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 3.69% in Poland. In 2019, inflation was 2.6% in Eswatini and 3.81% in Poland.

Top exports between countries

Eswatini
Export category Export value
Textiles & consumer goods $4.53M
Processed food, beverages & tobacco $311K
Raw agricultural goods $67K
Poland
Export category Export value
Textiles & consumer goods $84K
Animal & marine products $77K
Raw agricultural goods $68K
Machinery & equipment $14K
Raw materials & minerals $12K
Chemicals & pharma $8K
Processed food, beverages & tobacco $5K
Metals $1K

Balance of trade

Eswatini Poland
Current account balance
$78.3M
2024
-$9.05B
2025
Current account balance ranking
65/190
2024
172/190
2025
Current account balance, % of GDP
+1.61%
2024
-0.87%
2025
Goods imports
$2.07B
2024
$406B
2025
Goods exports
$2.33B
2024
$390B
2025
Service imports
$542M
2024
$86.5B
2025
Service exports
$234M
2024
$131B
2025
Imports of goods and services, % of GDP
53.7%
2024
47.1%
2025
Exports of goods and services, % of GDP
53.8%
2024
50%
2025

Economic freedom indices

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

Eswatini Poland
Economic freedom 57.5 68.5
Economic freedom ranking 116/197 46/197
Property rights 42.5 71.8
Government integrity 29.7 60.7
Judicial effectiveness 35.5 62.5
Tax burden 78.6 72.7
Government spending 71 35.1
Fiscal health 87.5 74.8
Business freedom 49.9 77.5
Labor freedom 55.2 53.7
Monetary freedom 76.8 73.8
Trade freedom 73.6 79.4
Investment freedom 50 80
Financial freedom 40 80

Economic freedom comparison by year

Eswatini
Poland
1x
Year Economic freedom index
Eswatini Poland
2026 57.5 68.5
2025 56.4 67.1
2024 55.6 66
2023 54.9 67.7
2022 51.4 68.7
2021 55.1 69.7
2020 55.3 69.1
2019 54.7 67.8
2018 55.9 68.5
2017 61.1 68.3
2016 59.7 69.3
2015 59.9 68.6
2014 61.2 67
2013 57.2 66
2012 57.2 64.2
2011 59.1 64.1
2010 57.4 63.2
2009 59.1 60.3
2008 58.4 60.3
2007 60.1 58.1
2006 61.4 59.3
2005 59.4 59.6
2004 58.6 58.7
2003 59.6 61.8
2002 60.9 65
2001 63.6 61.8
2000 62.6 60
1999 62.1 59.6
1998 62 59.2
1997 59.4 56.8
1996 58.6 57.8
1995 63.3 50.7

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Poland
Services, % of GDP
52.4%
2025
59.7%
2025
Industry, % of GDP
33.6%
2025
25.8%
2025
Agriculture, forestry, and fishing, % of GDP
6.41%
2025
2.45%
2025
GNI, Atlas method
$4.69B
2025
$930B
2025
GNI per capita, PPP
$11,390
2025
$52,290
2025
Total reserves including gold
$537M
2024
$272B
2025
Total reserves ranking
157/177
2024
16/177
2025
Net foreign direct investment
-$11.8M
2024
-$11.7B
2025
Net inflows of foreign direct investment
$75.5M
2024
$20.6B
2024
Net outflows of foreign direct investment
$63.8M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
4.88%
2024
n/a
Poverty at national poverty lines
58.9%
2016
13.3%
2024
Gross capital formation, % of GDP
15%
2024
17.9%
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/poland | 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 (1960–1994, 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)

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.