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Economy of Eswatini vs South Sudan compared: GDP & Debt

Updated on by Georank

Eswatini has a GDP of $5.16B compared to $12B for South Sudan, ranking 163/197 and 151/197 by economy size, respectively.

Eswatini has $2.31B in government debt (44.9% of GDP), compared to $6.98B (62.1% of GDP) in South Sudan.

Eswatini vs South Sudan GDP by year

Eswatini
South Sudan
1x
Year GDP, current $
Eswatini South Sudan
2025 $5,160,679,613 -
2024 $4,858,885,841 -
2023 $4,621,191,262 -
2022 $4,746,660,274 -
2021 $4,807,069,277 -
2020 $4,134,677,810 -
2019 $4,617,018,959 -
2018 $4,643,751,059 -
2017 $4,462,640,651 -
2016 $3,722,306,117 -
2015 $3,908,217,914 $11,997,800,760
2014 $4,285,065,665 $13,962,212,847
2013 $4,463,396,204 $18,426,469,017
2012 $4,747,813,067 $11,931,472,169
2011 $4,722,912,047 $14,907,308,933
2010 $4,360,714,359 $14,602,072,411
2009 $3,525,213,502 $12,231,264,525
2008 $3,235,921,171 $14,586,253,383
2007 $3,391,122,887 -
2006 $3,215,307,901 -
2005 $3,097,946,371 -
2004 $2,710,331,785 -
2003 $2,149,632,433 -
2002 $1,393,945,031 -
2001 $1,502,870,486 -
2000 $1,697,161,558 -
1999 $1,547,888,496 -
1998 $1,576,908,856 -
1997 $1,716,714,070 -
1996 $1,602,741,834 -
1995 $1,698,989,464 -
1994 $1,419,294,254 -
1993 $1,357,189,552 -
1992 $1,284,759,928 -
1991 $1,156,135,718 -
1990 $1,114,694,041 -
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/south-sudan | CC BY

GDP per capita in Eswatini vs South Sudan by year

Eswatini
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,108 - - -
2024 $3,910 $11,799 - -
2023 $3,756 $11,300 - -
2022 $3,894 $10,635 - -
2021 $3,984 $9,990 - -
2020 $3,467 $9,329 - -
2019 $3,913 $9,248 - -
2018 $3,973 $8,535 - -
2017 $3,853 $8,584 - -
2016 $3,238 $8,484 - -
2015 $3,420 $8,391 $1,080 $1,155
2014 $3,771 $8,366 $1,243 $1,373
2013 $3,950 $8,231 $1,650 $1,917
2012 $4,225 $7,760 $1,109 $1,417
2011 $4,225 $7,571 $1,449 $2,718
2010 $3,923 $7,324 $1,498 $2,948
2009 $3,190 $7,011 $1,323 $2,911
2008 $2,947 $6,914 $1,654 $2,887
2007 $3,109 $6,732 - -
2006 $2,965 $6,319 - -
2005 $2,871 $5,773 - -
2004 $2,526 $5,310 - -
2003 $2,015 $5,020 - -
2002 $1,316 $4,742 - -
2001 $1,430 $4,521 - -
2000 $1,630 $4,401 - -
1999 $1,502 $4,272 - -
1998 $1,547 $4,137 - -
1997 $1,705 $4,038 - -
1996 $1,619 $3,916 - -
1995 $1,751 $3,777 - -
1994 $1,461 $3,526 - -
1993 $1,397 $3,371 - -
1992 $1,362 $3,289 - -
1991 $1,273 $3,236 - -
1990 $1,278 $3,202 - -
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/south-sudan | CC BY

Eswatini's GDP per capita is $4,108, ranking 131/197, compared to $1,080 in South Sudan, ranking 180/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while South Sudan ranks 197th at $1,155.

Economic indicators

Eswatini South Sudan
Gross domestic product
$5.16B
2025
$12B
2015
GDP rank
163/197
2025
151/197
2015
GDP growth
4.19%
2024-2025
-10.8%
2014-2015
GDP per capita
$4,108
2025
$1,080
2015
GDP per capita rank
131/197
2025
180/197
2015
GDP per capita, PPP
$11,799
2024
$1,155
2015
GDP per capita PPP rank
126/197
2024
197/197
2015
Government debt
$2.31B
2025
$6.98B
2015
Debt-to-GDP ratio
44.9%
2025
62.1%
2025
Government debt per person
$1,843
2025
$628
2015
Government debt per person rank
121/185
2025
160/185
2015
Average annual personal income after taxes
$4,770
2026
$1,514
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
33%
2016
Income share by poorest 10%
1.4%
2016
1.8%
2016
Government expenditure, % of GDP
35.7%
2025
18.4%
2025
Consumer prices inflation
2.6%
2018-2019
91.4%
2023-2024
Central bank interest rate
6.75%
2025
13%
2025
Unemployment rate
34.3%
2023
12.3%
2008
Population
1276995
12565048

Spending and national debt comparison by year

Eswatini
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Eswatini South Sudan
Government spending Government debt Government spending Government debt
2025 35.7% 44.9% 18.4% 62.1%
2024 33.6% 40.1% 18.9% 53.4%
2023 31.5% 39.4% 21.3% 62%
2022 28.9% 39.5% 29.5% 42.1%
2021 29.3% 37.3% 44.1% 56.4%
2020 32.2% 37.7% 34.1% 48.3%
2019 32.8% 30.5% 47.9% 43.4%
2018 31.6% 26.5% 59.2% 84.3%
2017 33.6% 21.7% 42.2% 77.5%
2016 34% 20.1% 52% 128.9%
2015 34.5% 16% 33.7% 58.2%
2014 32.7% 14.1% 37.6% 39.6%
2013 28.8% 15.2% 25.3% 17.6%
2012 27.1% 14.8% 31.6% 8.91%
2011 25.1% 14.6% 20.8% 0%
2010 31.1% 14.2% - -
2009 33.9% 10.6% - -
2008 33.4% 14.6% - -
2007 30.4% 16.1% - -
2006 27.6% 14.7% - -
2005 29% 13.6% - -
2004 31% 15% - -
2003 25.9% 17.7% - -
2002 26.5% 17.2% - -
2001 25.6% 21.7% - -
2000 24.7% 18.2% - -
1999 25.8% 16.7% - -
1998 22% 15.6% - -
1997 20.7% 12.7% - -
1996 22.5% 11.5% - -
1995 19.9% 12.5% - -
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/south-sudan | CC BY

In 2025, Eswatini's government spending was $1.84B, accounting for 35.7% of its GDP, while South Sudan spent $4.04B, or 18.4% of GDP.

Debt-to-GDP ratio is 44.9% in Eswatini and 62.1% in South Sudan, ranking 118/185 and 71/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

South Sudan
1x
Year Deficit/surplus, % of GDP
Eswatini South Sudan
2025 -6.14% 3.45%
2024 -1.06% 11.5%
2023 -0.66% 9.12%
2022 -5.27% 4.43%
2021 -4.55% -9.3%
2020 -4.21% -5.5%
2019 -6.23% 0.04%
2018 -6.59% -1.15%
2017 -5.64% 4.16%
2016 -8.36% -15.5%
2015 -5.89% -16.3%
2014 -1.16% -9.53%
2013 0.57% -3.45%
2012 3.39% -14.8%
2011 -3.88% 4.57%
2010 -9.34% -
2009 -3% -
2008 1.58% -
2007 2.37% -
2006 8.67% -
2005 -1.66% -
2004 -3.97% -
2003 -2.11% -
2002 -3.69% -
2001 -2.24% -
2000 -1.19% -
1999 -1.23% -
1998 1.05% -
1997 2.06% -
1996 -0.97% -
1995 0.87% -
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/south-sudan | CC BY

In 2015, Eswatini's government deficit, the difference between spending and revenue, was $230M, equivalent to 5.89% of GDP. This compares to South Sudan's deficit of $1.95B, or 16.3% of GDP.

Over the past 5 years, Eswatini recorded a fiscal deficit in 3 of those years, while South Sudan ran a deficit in 4 years. On average, Eswatini posted an annual deficit equal to 1.39% of GDP, compared to deficit of 7.9% of GDP for South Sudan.

Inflation comparison by year

Inflation
Eswatini

South Sudan
1x
Year Consumer prices inflation
Eswatini South Sudan
2024 - 91.4%
2023 - 2.38%
2022 - -6.69%
2021 - 10.5%
2020 - 29.7%
2019 2.6% 87.2%
2018 4.82% 83.5%
2017 6.22% 187.9%
2016 7.85% 380%
2015 4.95% 52.8%
2014 5.68% 1.67%
2013 5.62% -0.06%
2012 8.94% 45.5%
2011 6.11% 46.9%
2010 4.51% 1.17%
2009 7.45% 5.01%
2008 12.7% -
2007 8.08% -
2006 5.3% -
2005 4.77% -
2004 3.45% -
2003 7.29% -
2002 12% -
2001 5.94% -
2000 12.2% -
1999 6.09% -
1998 8.11% -
1997 7.13% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/south-sudan | CC BY

Over the past 11 years, Eswatini has recorded an average annual inflation rate of 5.89%, compared with 81% in South Sudan. In 2019, inflation was 2.6% in Eswatini and 91.4% in South Sudan.

Top exports between countries

Eswatini
Export category Export value
South Sudan
Export category Export value
Machinery & equipment $20K

Balance of trade

Eswatini South Sudan
Current account balance
$78.3M
2024
$578M
2023
Current account balance ranking
65/190
2024
56/190
2023
Current account balance, % of GDP
+1.61%
2024
-4.17%
2015
Goods imports
$2.07B
2024
$2.25B
2023
Goods exports
$2.33B
2024
$4.01B
2023
Service imports
$542M
2024
$2.19B
2023
Service exports
$234M
2024
$484M
2023
Imports of goods and services, % of GDP
53.7%
2024
28.9%
2015
Exports of goods and services, % of GDP
53.8%
2024
36.7%
2015

Economic freedom indices

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

Eswatini South Sudan
Economic freedom 57.5 41
Economic freedom ranking 116/197 186/197
Property rights 42.5 n/a
Government integrity 29.7 n/a
Judicial effectiveness 35.5 n/a
Tax burden 78.6 n/a
Government spending 71 n/a
Fiscal health 87.5 n/a
Business freedom 49.9 n/a
Labor freedom 55.2 n/a
Monetary freedom 76.8 n/a
Trade freedom 73.6 n/a
Investment freedom 50 n/a
Financial freedom 40 n/a

Other economic metrics

Eswatini South Sudan
Services, % of GDP
52.4%
2025
56.6%
2015
Industry, % of GDP
33.6%
2025
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
6.41%
2025
10.4%
2015
GNI, Atlas method
$4.69B
2025
$11.7B
2015
GNI per capita, PPP
$11,390
2025
$1,010
2015
Total reserves including gold
$537M
2024
$16M
2024
Total reserves ranking
157/177
2024
177/177
2024
Net foreign direct investment
-$11.8M
2024
$2.21M
2019
Net inflows of foreign direct investment
$75.5M
2024
$83.4M
2024
Net outflows of foreign direct investment
$63.8M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.88%
2024
n/a
Poverty at national poverty lines
58.9%
2016
66%
2020
Gross capital formation, % of GDP
15%
2024
5.75%
2015

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/south-sudan | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. TradeMap (2024, 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.