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Economy of Eswatini vs Poland compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $918B for Poland, ranking 162/197 and 21/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $507B (55.3% of GDP) in Poland.

Eswatini vs Poland GDP by year

Eswatini
Poland
1x
Year GDP, current $
Eswatini Poland
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 $594,616,687,350
2017 $4,462,640,651 $528,356,676,667
2016 $3,722,306,117 $473,259,583,970
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 (1960–2024, retrieved 2026-04-06).

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
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 (1960–2024, retrieved 2026-04-06).

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

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $25,104 in Poland, ranking 48/197. 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
$4.86B
2024
$918B
2024
GDP rank
162/197
2024
21/197
2024
GDP growth
2.97%
2023-2024
3.03%
2023-2024
GDP per capita
$3,910
2024
$25,104
2024
GDP per capita rank
131/197
2024
48/197
2024
GDP per capita, PPP
$11,799
2024
$51,263
2024
GDP per capita PPP rank
126/197
2024
43/197
2024
Government debt
$1.93B
2024
$507B
2024
Debt-to-GDP ratio
39.8%
2024
55.3%
2024
Government debt per person
$1,554
2024
$13,874
2024
Government debt per person rank
130/185
2024
41/185
2024
Average annual personal income after taxes
$3,913
2026
$20,736
2026
Market capitalization of domestic companies
$234M
2007
$197B
2024
Number of billionaires
1
2025
10
2025
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
33.3%
2024
49.4%
2024
Consumer prices inflation
2.6%
2018-2019
3.78%
2023-2024
Central bank interest rate
6.75%
2025
4%
2025
Unemployment rate
34.6%
2023
2.81%
2024
Population
1273390
35806942

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
2024 33.3% 39.8% 49.4% 55.3%
2023 32% 40% 46.9% 49.5%
2022 29.6% 40.5% 43.2% 48.8%
2021 30.1% 38.4% 43.6% 53%
2020 32.7% 38.2% 47.7% 56.6%
2019 32.9% 30.7% 41.4% 45.2%
2018 32.2% 27% 41% 48.2%
2017 33.9% 21.9% 41.1% 50.4%
2016 34.7% 20.5% 41.1% 54.1%
2015 35.3% 16.4% 41.5% 51.1%
2014 33.3% 14.3% 42.7% 51.1%
2013 29.4% 15.5% 43.2% 56.9%
2012 27.8% 15.2% 43.2% 54.5%
2011 26% 15.1% 44.1% 54.8%
2010 31.6% 14.5% 46% 53.7%
2009 34.5% 10.8% 44.9% 49.7%
2008 34.4% 15% 44% 46.6%
2007 31.2% 16.6% 42.8% 44.4%
2006 28.2% 15% 44.3% 47.1%
2005 29.7% 13.9% 44.1% 46.5%
2004 32% 15.5% 43.3% 44.9%
2003 26.4% 18% 45.5% 46.4%
2002 27.2% 17.6% 45.1% 41.6%
2001 26.4% 22.4% 44.7% 37.2%
2000 25.3% 18.7% 43.1% 36.4%
1999 26.5% 17.2% 42.5% 39.4%
1998 22.5% 15.9% 44% 38.7%
1997 21.2% 13% 46.1% 42.7%
1996 23.3% 12% 50.7% 43.2%
1995 20.5% 12.9% 47.5% 48.7%
1994 24.7% 13.8% - 64.3%
1993 24% 15.6% - 83.9%
1992 26% 16.6% - 81.9%
1991 20.3% 20.1% - 76.9%
1990 18.7% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 55.3% in Poland, ranking 134/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Poland
1x
Year Deficit/surplus, % of GDP
Eswatini Poland
2024 -1.36% -6.59%
2023 -0.67% -5.27%
2022 -5.4% -3.44%
2021 -4.68% -1.75%
2020 -4.27% -6.85%
2019 -6.26% -0.73%
2018 -6.72% -0.24%
2017 -5.68% -1.49%
2016 -8.54% -2.38%
2015 -6.03% -2.59%
2014 -1.18% -3.66%
2013 0.59% -4.25%
2012 3.48% -3.8%
2011 -4.02% -4.97%
2010 -9.52% -7.43%
2009 -3.06% -7.24%
2008 1.63% -3.6%
2007 2.44% -1.88%
2006 8.88% -3.53%
2005 -1.7% -3.93%
2004 -4.1% -4.99%
2003 -2.15% -6.02%
2002 -3.78% -4.8%
2001 -2.31% -4.73%
2000 -1.22% -4%
1999 -1.27% -2.3%
1998 1.07% -4.25%
1997 2.11% -4.61%
1996 -1% -4.84%
1995 0.9% -4.39%
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/poland | 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 Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Eswatini recorded a fiscal deficit in 22 of those years, while Poland ran a deficit in 30 years. On average, Eswatini posted an annual deficit equal to 2.13% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Eswatini

Poland
1x
Year Consumer prices inflation
Eswatini Poland
2024 - 3.78%
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 (1997–2024, retrieved 2026-04-06).

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 3.78% in Poland.

Top exports between countries

Eswatini
Export category Export value
Textiles & consumer goods $798K
Processed food, beverages & tobacco $502K
Raw agricultural goods $67K
Poland
Export category Export value
Textiles & consumer goods $81K
Animal & marine products $79K
Raw agricultural goods $69K
Raw materials & minerals $12K
Chemicals & pharma $8K
Machinery & equipment $2K
Metals $1K

Balance of trade

Eswatini Poland
Current account balance
$78.3M
2024
$2.8B
2024
Current account balance ranking
69/190
2024
40/190
2024
Current account balance, % of GDP
+1.61%
2024
+0.3%
2024
Goods imports
$2.07B
2024
$367B
2024
Goods exports
$2.33B
2024
$361B
2024
Service imports
$542M
2024
$74.9B
2024
Service exports
$234M
2024
$118B
2024
Imports of goods and services, % of GDP
53.7%
2024
48.2%
2024
Exports of goods and services, % of GDP
53.8%
2024
52.2%
2024

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 2026-03-09).

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
51.4%
2024
59.1%
2024
Industry, % of GDP
34.7%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
2.54%
2024
GNI, Atlas method
$4.46B
2024
$789B
2024
GNI per capita, PPP
$10,760
2024
$49,540
2024
Total reserves including gold
$479M
2023
$223B
2024
Total reserves ranking
159/177
2023
17/177
2024
Net foreign direct investment
-$11.8M
2024
-$10.6B
2024
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
4.68%
2024
n/a
Poverty at national poverty lines
58.9%
2016
13.3%
2024
Gross capital formation, % of GDP
15%
2024
17.8%
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/poland | 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 (1960–1994, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, 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.