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Economy of Eswatini vs Slovakia compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $141B for Slovakia, ranking 162/197 and 61/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Eswatini vs Slovakia GDP by year

Eswatini
Slovakia
1x
Year GDP, current $
Eswatini Slovakia
2024 $4,858,885,841 $140,934,076,532
2023 $4,621,191,262 $133,578,518,424
2022 $4,746,660,274 $115,792,972,358
2021 $4,807,069,277 $120,511,265,913
2020 $4,134,677,810 $107,732,602,896
2019 $4,617,018,959 $105,843,498,304
2018 $4,643,751,059 $106,611,673,365
2017 $4,462,640,651 $95,978,130,735
2016 $3,722,306,117 $90,347,173,229
2015 $3,908,217,914 $89,178,548,717
2014 $4,285,065,665 $101,713,075,599
2013 $4,463,396,204 $99,134,277,850
2012 $4,747,813,067 $94,724,394,278
2011 $4,722,912,047 $99,705,104,723
2010 $4,360,714,359 $91,112,160,801
2009 $3,525,213,502 $89,342,984,698
2008 $3,235,921,171 $100,830,060,553
2007 $3,391,122,887 $86,587,749,518
2006 $3,215,307,901 $70,751,813,443
2005 $3,097,946,371 $62,547,753,148
2004 $2,710,331,785 $57,215,475,076
2003 $2,149,632,433 $46,616,149,117
2002 $1,393,945,031 $35,243,658,399
2001 $1,502,870,486 $30,726,659,551
2000 $1,697,161,558 $29,215,726,005
1999 $1,547,888,496 $30,496,272,225
1998 $1,576,908,856 $29,976,207,629
1997 $1,716,714,070 $27,844,628,979
1996 $1,602,741,834 $28,197,790,875
1995 $1,698,989,464 $26,180,022,222
1994 $1,419,294,254 $20,428,139,756
1993 $1,357,189,552 $16,737,973,764
1992 $1,284,759,928 $15,699,327,209
1991 $1,156,135,718 $14,459,924,589
1990 $1,114,694,041 $12,915,046,978
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/slovakia | CC BY

GDP per capita in Eswatini vs Slovakia by year

Eswatini
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $25,993 $48,132
2023 $3,756 $11,300 $24,615 $45,974
2022 $3,894 $10,635 $21,318 $41,562
2021 $3,984 $9,990 $22,123 $38,346
2020 $3,467 $9,329 $19,735 $35,328
2019 $3,913 $9,248 $19,406 $33,986
2018 $3,973 $8,535 $19,573 $31,510
2017 $3,853 $8,584 $17,646 $30,246
2016 $3,238 $8,484 $16,636 $29,868
2015 $3,420 $8,391 $16,442 $30,148
2014 $3,771 $8,366 $18,771 $29,108
2013 $3,950 $8,231 $18,313 $28,075
2012 $4,225 $7,760 $17,517 $27,023
2011 $4,225 $7,571 $18,469 $26,202
2010 $3,923 $7,324 $16,899 $25,382
2009 $3,190 $7,011 $16,587 $23,077
2008 $2,947 $6,914 $18,744 $23,714
2007 $3,109 $6,732 $16,110 $21,232
2006 $2,965 $6,319 $13,168 $18,906
2005 $2,871 $5,773 $11,642 $16,570
2004 $2,526 $5,310 $10,650 $15,166
2003 $2,015 $5,020 $8,675 $14,088
2002 $1,316 $4,742 $6,555 $13,292
2001 $1,430 $4,521 $5,712 $12,367
2000 $1,630 $4,401 $5,422 $11,370
1999 $1,502 $4,272 $5,652 $10,726
1998 $1,547 $4,137 $5,561 $10,666
1997 $1,705 $4,038 $5,172 $10,137
1996 $1,619 $3,916 $5,248 $9,500
1995 $1,751 $3,777 $4,883 $8,812
1994 $1,461 $3,526 $3,821 $8,178
1993 $1,397 $3,371 $3,143 $7,569
1992 $1,362 $3,289 $2,959 $7,270
1991 $1,273 $3,236 $2,727 $7,623
1990 $1,278 $3,202 $2,437 $8,638
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/slovakia | CC BY

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Slovakia ranks 49th at $48,132.

Economic indicators

Eswatini Slovakia
Gross domestic product
$4.86B
2024
$141B
2024
GDP rank
162/197
2024
61/197
2024
GDP growth
2.97%
2023-2024
1.94%
2023-2024
GDP per capita
$3,910
2024
$25,993
2024
GDP per capita rank
131/197
2024
47/197
2024
GDP per capita, PPP
$11,799
2024
$48,132
2024
GDP per capita PPP rank
126/197
2024
49/197
2024
Government debt
$1.93B
2024
$80.7B
2024
Debt-to-GDP ratio
39.8%
2024
57.2%
2024
Government debt per person
$1,554
2024
$14,876
2024
Government debt per person rank
130/185
2024
40/185
2024
Average annual personal income after taxes
$3,913
2026
$17,983
2026
Market capitalization of domestic companies
$234M
2007
$5.38B
2014
Number of billionaires
1
2025
2
2025
Income share by richest 10%
42.7%
2016
18.8%
2023
Income share by poorest 10%
1.4%
2016
3.3%
2023
Government expenditure, % of GDP
33.3%
2024
47.1%
2024
Consumer prices inflation
2.6%
2018-2019
2.76%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
5.34%
2024
Population
1273390
5359438

Spending and national debt comparison by year

Eswatini
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Eswatini Slovakia
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 47.1% 57.2%
2023 32% 40% 48% 55.6%
2022 29.6% 40.5% 43% 57.7%
2021 30.1% 38.4% 44.9% 60.2%
2020 32.7% 38.2% 44.5% 58.4%
2019 32.9% 30.7% 40.6% 48%
2018 32.2% 27% 39.7% 49.3%
2017 33.9% 21.9% 39.8% 51.4%
2016 34.7% 20.5% 40.9% 52.1%
2015 35.3% 16.4% 44.1% 51.6%
2014 33.3% 14.3% 42% 53.4%
2013 29.4% 15.5% 41.1% 54.6%
2012 27.8% 15.2% 40% 51.7%
2011 26% 15.1% 40.8% 43.3%
2010 31.6% 14.5% 41% 40.7%
2009 34.5% 10.8% 43.2% 36.4%
2008 34.4% 15% 36.5% 28.6%
2007 31.2% 16.6% 35.9% 30.4%
2006 28.2% 15% 38.2% 31.5%
2005 29.7% 13.9% 39.1% 35%
2004 32% 15.5% 38.4% 42%
2003 26.4% 18% 40% 43.6%
2002 27.2% 17.6% 46% 45.6%
2001 26.4% 22.4% 46.2% 51.4%
2000 25.3% 18.7% 53.2% 50.6%
1999 26.5% 17.2% 48.4% 47.1%
1998 22.5% 15.9% 46.2% 33.9%
1997 21.2% 13% 48.6% 32.8%
1996 23.3% 12% 52.8% 30.3%
1995 20.5% 12.9% 47.8% 21.3%
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/slovakia | CC BY

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 57.2% in Slovakia, ranking 134/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Slovakia
1x
Year Deficit/surplus, % of GDP
Eswatini Slovakia
2024 -1.36% -5.27%
2023 -0.67% -5.15%
2022 -5.4% -1.16%
2021 -4.68% -5.09%
2020 -4.27% -5.3%
2019 -6.26% -1.21%
2018 -6.72% -1.01%
2017 -5.68% -0.98%
2016 -8.54% -2.59%
2015 -6.03% -2.78%
2014 -1.18% -3.25%
2013 0.59% -2.86%
2012 3.48% -4.37%
2011 -4.02% -4.36%
2010 -9.52% -7.44%
2009 -3.06% -8.18%
2008 1.63% -2.54%
2007 2.44% -2.26%
2006 8.88% -3.57%
2005 -1.7% -2.86%
2004 -4.1% -2.36%
2003 -2.15% -2.28%
2002 -3.78% -8.35%
2001 -2.31% -7.74%
2000 -1.22% -12.7%
1999 -1.27% -7.25%
1998 1.07% -5.37%
1997 2.11% -6.24%
1996 -1% -9.72%
1995 0.9% -3.43%
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/slovakia | 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 Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Eswatini recorded a fiscal deficit in 22 of those years, while Slovakia ran a deficit in 30 years. On average, Eswatini posted an annual deficit equal to 2.13% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Eswatini

Slovakia
1x
Year Consumer prices inflation
Eswatini Slovakia
2024 - 2.76%
2023 - 10.5%
2022 - 12.8%
2021 - 3.15%
2020 - 1.94%
2019 2.6% 2.66%
2018 4.82% 2.51%
2017 6.22% 1.31%
2016 7.85% -0.52%
2015 4.95% -0.33%
2014 5.68% -0.08%
2013 5.62% 1.4%
2012 8.94% 3.61%
2011 6.11% 3.92%
2010 4.51% 0.96%
2009 7.45% 1.62%
2008 12.7% 4.6%
2007 8.08% 2.76%
2006 5.3% 4.48%
2005 4.77% 2.71%
2004 3.45% 7.55%
2003 7.29% 8.55%
2002 12% 3.13%
2001 5.94% 7.33%
2000 12.2% 12%
1999 6.09% 10.6%
1998 8.11% 6.67%
1997 7.13% 6.14%

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

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 4.07% in Slovakia. In 2019, inflation was 2.6% in Eswatini and 2.76% in Slovakia.

Top exports between countries

Eswatini
Export category Export value
Slovakia
Export category Export value
Raw materials & minerals $9K
Machinery & equipment $6K
Metals $2K

Balance of trade

Eswatini Slovakia
Current account balance
$78.3M
2024
-$6.5B
2024
Current account balance ranking
69/190
2024
171/190
2024
Current account balance, % of GDP
+1.61%
2024
-4.61%
2024
Goods imports
$2.07B
2024
$107B
2024
Goods exports
$2.33B
2024
$106B
2024
Service imports
$542M
2024
$13.2B
2024
Service exports
$234M
2024
$13.9B
2024
Imports of goods and services, % of GDP
53.7%
2024
85.7%
2024
Exports of goods and services, % of GDP
53.8%
2024
85.5%
2024

Economic freedom indices

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

Eswatini Slovakia
Economic freedom 57.5 67.7
Economic freedom ranking 116/197 54/197
Property rights 42.5 82.6
Government integrity 29.7 57.2
Judicial effectiveness 35.5 70.5
Tax burden 78.6 75.4
Government spending 71 36.4
Fiscal health 87.5 69.6
Business freedom 49.9 71.1
Labor freedom 55.2 55.1
Monetary freedom 76.8 69.7
Trade freedom 73.6 79.4
Investment freedom 50 75
Financial freedom 40 70

Economic freedom comparison by year

Eswatini
Slovakia
1x
Year Economic freedom index
Eswatini Slovakia
2026 57.5 67.7
2025 56.4 68.4
2024 55.6 68.1
2023 54.9 69
2022 51.4 69.7
2021 55.1 66.3
2020 55.3 66.8
2019 54.7 65
2018 55.9 65.3
2017 61.1 65.7
2016 59.7 66.6
2015 59.9 67.2
2014 61.2 66.4
2013 57.2 68.7
2012 57.2 67
2011 59.1 69.5
2010 57.4 69.7
2009 59.1 69.4
2008 58.4 70
2007 60.1 69.6
2006 61.4 69.8
2005 59.4 66.8
2004 58.6 64.6
2003 59.6 59
2002 60.9 59.8
2001 63.6 58.5
2000 62.6 53.8
1999 62.1 54.2
1998 62 57.5
1997 59.4 55.5
1996 58.6 57.6
1995 63.3 60.4

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Slovakia
Services, % of GDP
51.4%
2024
60%
2024
Industry, % of GDP
34.7%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
1.58%
2024
GNI, Atlas method
$4.46B
2024
$128B
2024
GNI per capita, PPP
$10,760
2024
$47,040
2024
Total reserves including gold
$479M
2023
$14.5B
2024
Total reserves ranking
159/177
2023
68/177
2024
Net foreign direct investment
-$11.8M
2024
-$2.77B
2024
Net inflows of foreign direct investment
$75.5M
2024
$5.01B
2024
Net outflows of foreign direct investment
$63.8M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
n/a
Poverty at national poverty lines
58.9%
2016
13.7%
2021
Gross capital formation, % of GDP
15%
2024
20.1%
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/slovakia | 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 (2021–2024, 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.