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Economy of Eswatini vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $1.16B for Saint Vincent, ranking 162/197 and 186/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Eswatini vs Saint Vincent GDP by year

Eswatini
Saint Vincent
1x
Year GDP, current $
Eswatini Saint Vincent
2024 $4,858,885,841 $1,157,207,407
2023 $4,621,191,262 $1,072,237,037
2022 $4,746,660,274 $989,188,889
2021 $4,807,069,277 $888,677,778
2020 $4,134,677,810 $864,566,667
2019 $4,617,018,959 $910,481,481
2018 $4,643,751,059 $884,329,630
2017 $4,462,640,651 $844,040,741
2016 $3,722,306,117 $814,303,704
2015 $3,908,217,914 $786,555,556
2014 $4,285,065,665 $770,900,000
2013 $4,463,396,204 $764,781,259
2012 $4,747,813,067 $730,032,593
2011 $4,722,912,047 $713,796,370
2010 $4,360,714,359 $720,447,889
2009 $3,525,213,502 $714,300,259
2008 $3,235,921,171 $732,663,259
2007 $3,391,122,887 $713,596,667
2006 $3,215,307,901 $643,501,148
2005 $3,097,946,371 $579,948,926
2004 $2,710,331,785 $549,900,185
2003 $2,149,632,433 $509,090,889
2002 $1,393,945,031 $487,763,852
2001 $1,502,870,486 $462,072,333
2000 $1,697,161,558 $427,946,037
1999 $1,547,888,496 $390,718,519
1998 $1,576,908,856 $373,618,519
1997 $1,716,714,070 $347,770,370
1996 $1,602,741,834 $331,488,889
1995 $1,698,989,464 $316,007,407
1994 $1,419,294,254 $289,437,037
1993 $1,357,189,552 $286,307,407
1992 $1,284,759,928 $277,955,556
1991 $1,156,135,718 $254,829,630
1990 $1,114,694,041 $240,366,667
1989 $696,921,542 $214,745,002
1988 $692,026,455 $200,726,713
1987 $584,126,092 $175,580,647
1986 $449,140,318 $160,846,657
1985 $360,079,419 $145,641,705
1984 $494,483,409 $135,024,988
1983 $555,336,146 $122,255,350
1982 $537,568,059 $113,759,203
1981 $570,774,825 $102,086,539
1980 $541,976,853 $82,340,340
1979 $412,093,134 $71,096,360
1978 $340,630,085 $60,844,771
1977 $304,060,076 $49,353,162
1976 $272,550,068 $32,792,845
1975 $288,299,789 $33,237,226
1974 $264,320,941 $32,923,703
1973 $221,915,128 $30,165,081
1972 $146,736,479 $27,585,805
1971 $136,462,081 $20,051,922
1970 $112,139,955 $18,450,000
1969 $105,419,958 $16,650,000
1968 $79,799,968 $15,350,000
1967 $74,759,970 $15,835,106
1966 $76,859,969 $16,099,960
1965 $70,279,972 $15,108,296
1964 $64,980,554 $14,758,296
1963 $54,129,438 $13,708,299
1962 $45,927,962 $14,524,964
1961 $43,026,043 $13,999,965
1960 $35,076,846 $13,066,634

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

GeoRank.org/economy/eswatini/saint-vincent | CC BY

GDP per capita in Eswatini vs Saint Vincent by year

Eswatini
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $11,501 $21,272
2023 $3,756 $11,300 $10,582 $19,820
2022 $3,894 $10,635 $9,694 $18,035
2021 $3,984 $9,990 $8,641 $16,201
2020 $3,467 $9,329 $8,351 $15,337
2019 $3,913 $9,248 $8,741 $15,340
2018 $3,973 $8,535 $8,428 $14,690
2017 $3,853 $8,584 $7,988 $13,575
2016 $3,238 $8,484 $7,657 $13,493
2015 $3,420 $8,391 $7,354 $12,379
2014 $3,771 $8,366 $7,169 $12,136
2013 $3,950 $8,231 $7,072 $11,625
2012 $4,225 $7,760 $6,714 $10,989
2011 $4,225 $7,571 $6,528 $10,774
2010 $3,923 $7,324 $6,552 $10,561
2009 $3,190 $7,011 $6,464 $10,869
2008 $2,947 $6,914 $6,599 $10,902
2007 $3,109 $6,732 $6,398 $10,604
2006 $2,965 $6,319 $5,745 $9,949
2005 $2,871 $5,773 $5,157 $8,986
2004 $2,526 $5,310 $4,873 $8,472
2003 $2,015 $5,020 $4,500 $7,903
2002 $1,316 $4,742 $4,303 $7,250
2001 $1,430 $4,521 $4,071 $6,768
2000 $1,630 $4,401 $3,769 $6,503
1999 $1,502 $4,272 $3,447 $6,266
1998 $1,547 $4,137 $3,301 $6,026
1997 $1,705 $4,038 $3,074 $5,726
1996 $1,619 $3,916 $2,930 $5,440
1995 $1,751 $3,777 $2,795 $5,277
1994 $1,461 $3,526 $2,563 $4,802
1993 $1,397 $3,371 $2,540 $4,769
1992 $1,362 $3,289 $2,471 $4,477
1991 $1,273 $3,236 $2,271 $4,126
1990 $1,278 $3,202 $2,150 $3,960
1989 $832 - $1,930 -
1988 $865 - $1,814 -
1987 $765 - $1,596 -
1986 $611 - $1,472 -
1985 $510 - $1,342 -
1984 $726 - $1,254 -
1983 $843 - $1,144 -
1982 $843 - $1,074 -
1981 $925 - $972 -
1980 $908 - $790 -
1979 $714 - $687 -
1978 $610 - $592 -
1977 $563 - $484 -
1976 $521 - $324 -
1975 $568 - $331 -
1974 $536 - $331 -
1973 $463 - $306 -
1972 $315 - $282.1 -
1971 $301 - $207 -
1970 $254.2 - $192.3 -
1969 $245.2 - $175.2 -
1968 $190.4 - $163.1 -
1967 $182.8 - $170 -
1966 $192.7 - $174.9 -
1965 $181 - $166.2 -
1964 $171.6 - $164.4 -
1963 $146.4 - $154.9 -
1962 $127.1 - $166.5 -
1961 $121.8 - $163 -
1960 $101.6 - $154.8 -

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

GeoRank.org/economy/eswatini/saint-vincent | CC BY

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Eswatini Saint Vincent
Gross domestic product
$4.86B
2024
$1.16B
2024
GDP rank
162/197
2024
186/197
2024
GDP growth
2.97%
2023-2024
4.06%
2023-2024
GDP per capita
$3,910
2024
$11,501
2024
GDP per capita rank
131/197
2024
81/197
2024
GDP per capita, PPP
$11,799
2024
$21,272
2024
GDP per capita PPP rank
126/197
2024
92/197
2024
Government debt
$1.93B
2024
$1.07B
2024
Debt-to-GDP ratio
39.8%
2024
92.7%
2024
Government debt per person
$1,554
2024
$10,659
2024
Government debt per person rank
130/185
2024
56/185
2024
Average annual personal income after taxes
$3,913
2026
$12,573
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
n/a
Income share by poorest 10%
1.4%
2016
n/a
Government expenditure, % of GDP
33.3%
2024
39.1%
2024
Consumer prices inflation
2.6%
2018-2019
3.63%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
18.8%
2008
Population
1273390
99237

Spending and national debt comparison by year

Eswatini
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Eswatini Saint Vincent
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 39.1% 92.7%
2023 32% 40% 38.9% 89.4%
2022 29.6% 40.5% 36.6% 86.3%
2021 30.1% 38.4% 37.2% 88.4%
2020 32.7% 38.2% 32.9% 80.2%
2019 32.9% 30.7% 29.2% 68.2%
2018 32.2% 27% 26.3% 69.4%
2017 33.9% 21.9% 26.6% 69%
2016 34.7% 20.5% 27.1% 79.4%
2015 35.3% 16.4% 27.6% 75.1%
2014 33.3% 14.3% 30.4% 75%
2013 29.4% 15.5% 29.4% 69.9%
2012 27.8% 15.2% 26.5% 68.1%
2011 26% 15.1% 29.4% 64%
2010 31.6% 14.5% 31.1% 61.1%
2009 34.5% 10.8% 31% 57.2%
2008 34.4% 15% 28.4% 50.3%
2007 31.2% 16.6% 27.1% 48.5%
2006 28.2% 15% 26.1% 44.7%
2005 29.7% 13.9% 26.7% 50.5%
2004 32% 15.5% 24.9% 58.6%
2003 26.4% 18% 26% 55.3%
2002 27.2% 17.6% 25.7% 53.2%
2001 26.4% 22.4% 24.4% 52%
2000 25.3% 18.7% 23.8% 54.3%
1999 26.5% 17.2% 25.2% 52.9%
1998 22.5% 15.9% 25.2% 39.5%
1997 21.2% 13% 26% 38.8%
1996 23.3% 12% 20.9% 40.7%
1995 20.5% 12.9% 19.9% 46.8%
1994 24.7% 13.8% 22.4% 52.8%
1993 24% 15.6% 22.3% 48.1%
1992 26% 16.6% 25.4% 49.6%
1991 20.3% 20.1% 25.5% 52.1%
1990 18.7% 20.4% 23.1% 53.9%
1989 15.8% 26.8% 27.6% -
1988 15.6% 27.5% 24.8% -
1987 17% 36.1% 23.7% -
1986 19.8% 44% 22.3% -
1985 22.3% 45.5% 21.4% -
1984 22.2% 29.7% 23.1% -
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/saint-vincent | CC BY

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 92.7% in Saint Vincent, ranking 134/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Eswatini Saint Vincent
2024 -1.36% -12.9%
2023 -0.67% -12%
2022 -5.4% -9.35%
2021 -4.68% -7.19%
2020 -4.27% -5.92%
2019 -6.26% -3.45%
2018 -6.72% -1.65%
2017 -5.68% -1.56%
2016 -8.54% 0.04%
2015 -6.03% -2.01%
2014 -1.18% -2.82%
2013 0.59% -5.81%
2012 3.48% -1.81%
2011 -4.02% -3.5%
2010 -9.52% -3.7%
2009 -3.06% -2.85%
2008 1.63% -1.3%
2007 2.44% -3.07%
2006 8.88% -3.13%
2005 -1.7% -4.3%
2004 -4.1% -2.71%
2003 -2.15% -2.51%
2002 -3.78% -2%
2001 -2.31% -1.6%
2000 -1.22% -0.82%
1999 -1.27% -1.93%
1998 1.07% -1.81%
1997 2.11% -2.77%
1996 -1% 1.57%
1995 0.9% 1.08%
1994 -3.61% 0.12%
1993 -3.29% -1.46%
1992 -2.9% -3.25%
1991 3.4% -0.47%
1990 5.61% 1.69%
1989 5.82% -1.92%
1988 3.23% 0.59%
1987 2.03% 1.1%
1986 -2.41% 2.32%
1985 -1.33% 4.23%
1984 1.25% 2.5%
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/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 41 years, Eswatini recorded a fiscal deficit in 27 of those years, while Saint Vincent ran a deficit in 31 years. On average, Eswatini posted an annual deficit equal to 1.37% of GDP, compared to deficit of 2.35% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Eswatini

Saint Vincent
1x
Year Consumer prices inflation
Eswatini Saint Vincent
2024 - 3.63%
2023 - 4.56%
2022 - 5.66%
2021 - 1.57%
2020 - -0.63%
2019 2.6% 0.91%
2018 4.82% 2.32%
2017 6.22% 2.15%
2016 7.85% -0.15%
2015 4.95% -1.73%
2014 5.68% 0.19%
2013 5.62% 0.81%
2012 8.94% 2.6%
2011 6.11% 3.19%
2010 4.51% 0.75%
2009 7.45% 0.42%
2008 12.7% 10.1%
2007 8.08% 7.24%
2006 5.3% 2.74%
2005 4.77% 3.73%
2004 3.45% 2.96%
2003 7.29% 0.21%
2002 12% 1.86%
2001 5.94% 0.9%
2000 12.2% 0.17%
1999 6.09% 1.01%
1998 8.11% 2.14%
1997 7.13% 0.44%

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

GeoRank.org/economy/eswatini/saint-vincent | CC BY

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 1.95% in Saint Vincent. In 2019, inflation was 2.6% in Eswatini and 3.63% in Saint Vincent.

Top exports between countries

Eswatini
Export category Export value
Miscellaneous $9K
Saint Vincent
Export category Export value

Balance of trade

Eswatini Saint Vincent
Current account balance
$78.3M
2024
-$157M
2024
Current account balance ranking
69/190
2024
93/190
2024
Current account balance, % of GDP
+1.61%
2024
-13.5%
2024
Goods imports
$2.07B
2024
$445M
2024
Goods exports
$2.33B
2024
$59.2M
2024
Service imports
$542M
2024
$196M
2024
Service exports
$234M
2024
$366M
2024
Imports of goods and services, % of GDP
53.7%
2024
n/a
Exports of goods and services, % of GDP
53.8%
2024
15.3%
2025

Economic freedom indices

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

Eswatini Saint Vincent
Economic freedom 57.5 60
Economic freedom ranking 116/197 98/197
Property rights 42.5 65.2
Government integrity 29.7 63.3
Judicial effectiveness 35.5 76.9
Tax burden 78.6 82
Government spending 71 56.2
Fiscal health 87.5 2.8
Business freedom 49.9 67.3
Labor freedom 55.2 60.1
Monetary freedom 76.8 77.3
Trade freedom 73.6 58.8
Investment freedom 50 70
Financial freedom 40 40

Economic freedom comparison by year

Eswatini
Saint Vincent
1x
Year Economic freedom index
Eswatini Saint Vincent
2026 57.5 60
2025 56.4 60.1
2024 55.6 59.8
2023 54.9 63.5
2022 51.4 65.7
2021 55.1 66.3
2020 55.3 66.8
2019 54.7 65.8
2018 55.9 67.7
2017 61.1 65.2
2016 59.7 68.8
2015 59.9 68
2014 61.2 67
2013 57.2 66.7
2012 57.2 66.5
2011 59.1 66.9
2010 57.4 66.9
2009 59.1 64.3
2008 58.4 -
2007 60.1 -
2006 61.4 -
2005 59.4 -
2004 58.6 -
2003 59.6 -
2002 60.9 -
2001 63.6 -
2000 62.6 -
1999 62.1 -
1998 62 -
1997 59.4 -
1996 58.6 -
1995 63.3 -

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

GeoRank.org/economy/eswatini/saint-vincent | CC BY

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Saint Vincent
Services, % of GDP
51.4%
2024
66.4%
2024
Industry, % of GDP
34.7%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
3.55%
2024
GNI, Atlas method
$4.46B
2024
$1.11B
2024
GNI per capita, PPP
$10,760
2024
$21,150
2024
Total reserves including gold
$479M
2023
$317M
2024
Total reserves ranking
159/177
2023
167/177
2024
Net foreign direct investment
-$11.8M
2024
-$74M
2024
Net inflows of foreign direct investment
$75.5M
2024
$139M
2024
Net outflows of foreign direct investment
$63.8M
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
3.84%
2024
Poverty at national poverty lines
58.9%
2016
n/a
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/saint-vincent | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.