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Economy of Eswatini vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $25.6B for Trinidad and Tobago, ranking 162/197 and 115/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Eswatini vs Trinidad and Tobago GDP by year

Eswatini
Trinidad and Tobago
1x
Year GDP, current $
Eswatini Trinidad
2024 $4,858,885,841 $25,633,544,529
2023 $4,621,191,262 $25,036,993,423
2022 $4,746,660,274 $28,341,164,301
2021 $4,807,069,277 $24,222,963,263
2020 $4,134,677,810 $20,888,515,184
2019 $4,617,018,959 $23,477,745,792
2018 $4,643,751,059 $23,883,058,083
2017 $4,462,640,651 $23,830,750,901
2016 $3,722,306,117 $23,624,322,193
2015 $3,908,217,914 $26,841,141,793
2014 $4,285,065,665 $29,474,180,005
2013 $4,463,396,204 $28,560,537,057
2012 $4,747,813,067 $27,147,349,937
2011 $4,722,912,047 $25,433,007,437
2010 $4,360,714,359 $22,157,920,592
2009 $3,525,213,502 $19,172,165,226
2008 $3,235,921,171 $27,871,587,350
2007 $3,391,122,887 $21,641,620,050
2006 $3,215,307,901 $18,369,361,094
2005 $3,097,946,371 $15,982,389,018
2004 $2,710,331,785 $13,280,291,990
2003 $2,149,632,433 $11,305,459,802
2002 $1,393,945,031 $9,008,298,229
2001 $1,502,870,486 $8,824,849,191
2000 $1,697,161,558 $8,154,342,116
1999 $1,547,888,496 $6,808,982,521
1998 $1,576,908,856 $6,043,686,654
1997 $1,716,714,070 $5,737,771,523
1996 $1,602,741,834 $5,759,570,336
1995 $1,698,989,464 $5,329,217,747
1994 $1,419,294,254 $4,947,181,646
1993 $1,357,189,552 $4,669,491,134
1992 $1,284,759,928 $5,439,552,941
1991 $1,156,135,718 $5,307,905,882
1990 $1,114,694,041 $5,068,000,000
1989 $696,921,542 $4,323,058,824
1988 $692,026,455 $4,496,910,569
1987 $584,126,092 $4,797,777,778
1986 $449,140,318 $4,794,444,444
1985 $360,079,419 $7,375,918,367
1984 $494,483,409 $7,757,083,333
1983 $555,336,146 $7,763,750,000
1982 $537,568,059 $8,140,416,667
1981 $570,774,825 $6,992,083,333
1980 $541,976,853 $6,235,833,333
1979 $412,093,134 $4,602,416,625
1978 $340,630,085 $3,562,333,458
1977 $304,060,076 $3,138,666,667
1976 $272,550,068 $2,500,424,955
1975 $288,299,789 $2,442,669,825
1974 $264,320,941 $2,042,001,071
1973 $221,915,128 $1,308,785,431
1972 $146,736,479 $1,083,391,758
1971 $136,462,081 $896,765,215
1970 $112,139,955 $821,850,000
1969 $105,419,958 $779,200,000
1968 $79,799,968 $758,899,950
1967 $74,759,970 $761,981,912
1966 $76,859,969 $723,739,857
1965 $70,279,972 $736,573,159
1964 $64,980,554 $711,897,520
1963 $54,129,438 $678,239,329
1962 $45,927,962 $619,322,810
1961 $43,026,043 $584,964,621
1960 $35,076,846 $535,673,252

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

GeoRank.org/economy/eswatini/trinidad-and-tobago | CC BY

GDP per capita in Eswatini vs Trinidad and Tobago by year

Eswatini
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $18,733 $36,329
2023 $3,756 $11,300 $18,308 $34,623
2022 $3,894 $10,635 $20,751 $32,979
2021 $3,984 $9,990 $17,713 $30,482
2020 $3,467 $9,329 $15,284 $26,731
2019 $3,913 $9,248 $17,213 $29,316
2018 $3,973 $8,535 $17,571 $28,673
2017 $3,853 $8,584 $17,566 $28,484
2016 $3,238 $8,484 $17,449 $28,232
2015 $3,420 $8,391 $19,887 $29,825
2014 $3,771 $8,366 $21,908 $32,027
2013 $3,950 $8,231 $21,305 $31,746
2012 $4,225 $7,760 $20,332 $31,883
2011 $4,225 $7,571 $19,151 $31,078
2010 $3,923 $7,324 $16,815 $30,778
2009 $3,190 $7,011 $14,634 $29,602
2008 $2,947 $6,914 $21,299 $30,807
2007 $3,109 $6,732 $16,607 $29,355
2006 $2,965 $6,319 $14,153 $27,393
2005 $2,871 $5,773 $12,346 $23,536
2004 $2,526 $5,310 $9,871 $20,674
2003 $2,015 $5,020 $8,445 $18,743
2002 $1,316 $4,742 $6,763 $16,141
2001 $1,430 $4,521 $6,657 $14,797
2000 $1,630 $4,401 $6,179 $13,953
1999 $1,502 $4,272 $5,179 $12,812
1998 $1,547 $4,137 $4,613 $11,735
1997 $1,705 $4,038 $4,394 $10,769
1996 $1,619 $3,916 $4,427 $9,883
1995 $1,751 $3,777 $4,115 $9,099
1994 $1,461 $3,526 $3,840 $8,631
1993 $1,397 $3,371 $3,647 $8,209
1992 $1,362 $3,289 $4,277 $8,129
1991 $1,273 $3,236 $4,205 $7,274
1990 $1,278 $3,202 $4,047 $6,878
1989 $832 - $3,482 -
1988 $865 - $3,656 -
1987 $765 - $3,941 -
1986 $611 - $3,985 -
1985 $510 - $6,212 -
1984 $726 - $6,613 -
1983 $843 - $6,690 -
1982 $843 - $7,091 -
1981 $925 - $6,160 -
1980 $908 - $5,559 -
1979 $714 - $4,155 -
1978 $610 - $3,258 -
1977 $563 - $2,907 -
1976 $521 - $2,345 -
1975 $568 - $2,319 -
1974 $536 - $1,962 -
1973 $463 - $1,273 -
1972 $315 - $1,067 -
1971 $301 - $894 -
1970 $254.2 - $829 -
1969 $245.2 - $795 -
1968 $190.4 - $783 -
1967 $182.8 - $797 -
1966 $192.7 - $768 -
1965 $181 - $793 -
1964 $171.6 - $780 -
1963 $146.4 - $756 -
1962 $127.1 - $704 -
1961 $121.8 - $678 -
1960 $101.6 - $634 -

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

GeoRank.org/economy/eswatini/trinidad-and-tobago | CC BY

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Eswatini Trinidad
Gross domestic product
$4.86B
2024
$25.6B
2024
GDP rank
162/197
2024
115/197
2024
GDP growth
2.97%
2023-2024
2.51%
2023-2024
GDP per capita
$3,910
2024
$18,733
2024
GDP per capita rank
131/197
2024
61/197
2024
GDP per capita, PPP
$11,799
2024
$36,329
2024
GDP per capita PPP rank
126/197
2024
62/197
2024
Government debt
$1.93B
2024
$16.5B
2024
Debt-to-GDP ratio
39.8%
2024
64.2%
2024
Government debt per person
$1,554
2024
$12,028
2024
Government debt per person rank
130/185
2024
45/185
2024
Average annual personal income after taxes
$3,913
2026
$11,007
2026
Market capitalization of domestic companies
$234M
2007
$3.89B
2001
Number of billionaires
1
2025
n/a
Income share by richest 10%
42.7%
2016
29.9%
1992
Income share by poorest 10%
1.4%
2016
2.1%
1992
Government expenditure, % of GDP
33.3%
2024
32.3%
2024
Consumer prices inflation
2.6%
2018-2019
0.53%
2023-2024
Central bank interest rate
6.75%
2025
3.5%
2020
Unemployment rate
34.6%
2023
4.01%
2024
Population
1273390
1374840

Spending and national debt comparison by year

Eswatini
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Eswatini Trinidad
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 32.3% 64.2%
2023 32% 40% 33.5% 62.2%
2022 29.6% 40.5% 27.2% 51.3%
2021 30.1% 38.4% 30.3% 58.4%
2020 32.7% 38.2% 36.2% 62.5%
2019 32.9% 30.7% 31.2% 46.2%
2018 32.2% 27% 30.2% 41.5%
2017 33.9% 21.9% 30.7% 39.8%
2016 34.7% 20.5% 31.9% 35.4%
2015 35.3% 16.4% 35% 27.1%
2014 33.3% 14.3% 32.8% 23.5%
2013 29.4% 15.5% 31.3% 21.6%
2012 27.8% 15.2% 29.5% 21.8%
2011 26% 15.1% 29.4% 26.4%
2010 31.6% 14.5% 30.4% 16.8%
2009 34.5% 10.8% 37% 20.7%
2008 34.4% 15% 26.7% 13.5%
2007 31.2% 16.6% 25.7% 16.2%
2006 28.2% 15% 31.6% 16.9%
2005 29.7% 13.9% 26.7% 19.8%
2004 32% 15.5% 22.5% 24.2%
2003 26.4% 18% 22.2% 30.2%
2002 27.2% 17.6% 24.4% 37%
2001 26.4% 22.4% 24.8% 36.6%
2000 25.3% 18.7% 23.1% 38.9%
1999 26.5% 17.2% 24.1% 42.2%
1998 22.5% 15.9% 26.9% 42.8%
1997 21.2% 13% 27.2% 46.1%
1996 23.3% 12% 27.6% 47%
1995 20.5% 12.9% 26.2% 50.1%
1994 24.7% 13.8% 25.4% 52.6%
1993 24% 15.6% 26.9% 58.8%
1992 26% 16.6% 28.6% 49.2%
1991 20.3% 20.1% 29.6% 49.5%
1990 18.7% 20.4% 26.9% 47.7%
1989 15.8% 26.8% 30.9% 51.9%
1988 15.6% 27.5% 45.3% 65.3%
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/trinidad-and-tobago | CC BY

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 64.2% in Trinidad and Tobago, ranking 134/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Eswatini Trinidad
2024 -1.36% -5.24%
2023 -0.67% -1.24%
2022 -5.4% 0.92%
2021 -4.68% -8.1%
2020 -4.27% -12.2%
2019 -6.26% -3.74%
2018 -6.72% -5.89%
2017 -5.68% -10.4%
2016 -8.54% -10.1%
2015 -6.03% -7.56%
2014 -1.18% -4.31%
2013 0.59% -2.67%
2012 3.48% -1.26%
2011 -4.02% -0.67%
2010 -9.52% 0.13%
2009 -3.06% -5.42%
2008 1.63% 5.39%
2007 2.44% 3.12%
2006 8.88% 1.56%
2005 -1.7% 2.36%
2004 -4.1% 1.84%
2003 -2.15% 1.8%
2002 -3.78% -0.2%
2001 -2.31% 0.61%
2000 -1.22% 0.17%
1999 -1.27% -0.88%
1998 1.07% -1.8%
1997 2.11% 0.11%
1996 -1% -0.45%
1995 0.9% 0.17%
1994 -3.61% -0.02%
1993 -3.29% 0.23%
1992 -2.9% -2.74%
1991 3.4% -0.21%
1990 5.61% -1.27%
1989 5.82% -4.46%
1988 3.23% -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 37 years, Eswatini recorded a fiscal deficit in 25 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Eswatini posted an annual deficit equal to 1.5% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Eswatini

Trinidad and Tobago
1x
Year Consumer prices inflation
Eswatini Trinidad
2024 - 0.53%
2023 - 4.63%
2022 - 5.83%
2021 - 2.06%
2020 - 0.6%
2019 2.6% 1%
2018 4.82% 1.02%
2017 6.22% 1.88%
2016 7.85% 3.07%
2015 4.95% 4.66%
2014 5.68% 5.68%
2013 5.62% 5.2%
2012 8.94% 9.26%
2011 6.11% 5.11%
2010 4.51% 10.5%
2009 7.45% 6.98%
2008 12.7% 12%
2007 8.08% 7.89%
2006 5.3% 8.33%
2005 4.77% 6.87%
2004 3.45% 3.72%
2003 7.29% 3.81%
2002 12% 4.15%
2001 5.94% 5.54%
2000 12.2% 3.56%
1999 6.09% 3.44%
1998 8.11% 5.61%
1997 7.13% 3.63%

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

GeoRank.org/economy/eswatini/trinidad-and-tobago | CC BY

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 5.35% in Trinidad and Tobago. In 2019, inflation was 2.6% in Eswatini and 0.53% in Trinidad and Tobago.

Top exports between countries

Eswatini
Export category Export value
Trinidad
Export category Export value
Raw materials & minerals $21M
Metals $1K
Miscellaneous $1K

Balance of trade

Eswatini Trinidad
Current account balance
$78.3M
2024
$645M
2024
Current account balance ranking
69/190
2024
58/190
2024
Current account balance, % of GDP
+1.61%
2024
+2.52%
2024
Goods imports
$2.07B
2024
$7.54B
2024
Goods exports
$2.33B
2024
$10B
2024
Service imports
$542M
2024
$2.71B
2024
Service exports
$234M
2024
$1.26B
2024
Imports of goods and services, % of GDP
53.7%
2024
n/a
Exports of goods and services, % of GDP
53.8%
2024
45%
2025

Economic freedom indices

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

Eswatini Trinidad
Economic freedom 57.5 62.4
Economic freedom ranking 116/197 87/197
Property rights 42.5 47.3
Government integrity 29.7 45.5
Judicial effectiveness 35.5 58.8
Tax burden 78.6 76.1
Government spending 71 71.1
Fiscal health 87.5 86.3
Business freedom 49.9 67.1
Labor freedom 55.2 57.2
Monetary freedom 76.8 81
Trade freedom 73.6 68.8
Investment freedom 50 50
Financial freedom 40 40

Economic freedom comparison by year

Eswatini
Trinidad and Tobago
1x
Year Economic freedom index
Eswatini Trinidad
2026 57.5 62.4
2025 56.4 63.6
2024 55.6 60.4
2023 54.9 59.5
2022 51.4 58.8
2021 55.1 59
2020 55.3 58.3
2019 54.7 57
2018 55.9 57.7
2017 61.1 61.2
2016 59.7 62.9
2015 59.9 64.1
2014 61.2 62.7
2013 57.2 62.3
2012 57.2 64.4
2011 59.1 66.5
2010 57.4 65.7
2009 59.1 68
2008 58.4 69.5
2007 60.1 70.6
2006 61.4 70.4
2005 59.4 71.5
2004 58.6 71.3
2003 59.6 68.8
2002 60.9 70.1
2001 63.6 71.8
2000 62.6 74.5
1999 62.1 72.4
1998 62 72
1997 59.4 71.3
1996 58.6 69.2
1995 63.3 -

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

GeoRank.org/economy/eswatini/trinidad-and-tobago | CC BY

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Trinidad
Services, % of GDP
51.4%
2024
59.2%
2024
Industry, % of GDP
34.7%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
0.78%
2024
GNI, Atlas method
$4.46B
2024
$27B
2024
GNI per capita, PPP
$10,760
2024
$36,580
2024
Total reserves including gold
$479M
2023
$5.6B
2024
Total reserves ranking
159/177
2023
94/177
2024
Net foreign direct investment
-$11.8M
2024
$980M
2024
Net inflows of foreign direct investment
$75.5M
2024
-$453M
2024
Net outflows of foreign direct investment
$63.8M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
n/a
Poverty at national poverty lines
58.9%
2016
20%
2020
Gross capital formation, % of GDP
15%
2024
19%
2023

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/trinidad-and-tobago | 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.