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Economy of Eswatini vs Venezuela compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $120B for Venezuela, ranking 162/197 and 65/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $197B (164.3% of GDP) in Venezuela.

Eswatini vs Venezuela GDP by year

Eswatini
Venezuela
1x
Year GDP, current $
Eswatini Venezuela
2024 $4,858,885,841 $119,802,963,258
2023 $4,621,191,262 $102,376,526,556
2022 $4,746,660,274 $89,013,255,585
2021 $4,807,069,277 $56,614,976,855
2020 $4,134,677,810 $42,838,020,721
2019 $4,617,018,959 $73,014,084,091
2018 $4,643,751,059 $102,021,093,965
2017 $4,462,640,651 $115,883,275,163
2016 $3,722,306,117 $112,915,034,262
2015 $3,908,217,914 $125,449,241,571
2014 $4,285,065,665 $214,689,614,733
2013 $4,463,396,204 $258,930,655,486
2012 $4,747,813,067 $372,592,062,768
2011 $4,722,912,047 $316,482,190,800
2010 $4,360,714,359 $393,192,354,511
2009 $3,525,213,502 $329,787,628,928
2008 $3,235,921,171 $315,953,388,511
2007 $3,391,122,887 $230,364,012,576
2006 $3,215,307,901 $183,477,522,124
2005 $3,097,946,371 $145,513,489,652
2004 $2,710,331,785 $112,451,400,425
2003 $2,149,632,433 $83,620,628,582
2002 $1,393,945,031 $92,893,587,734
2001 $1,502,870,486 $122,911,036,747
2000 $1,697,161,558 $117,146,466,003
1999 $1,547,888,496 $97,972,842,462
1998 $1,576,908,856 $91,336,763,255
1997 $1,716,714,070 $85,837,678,560
1996 $1,602,741,834 $70,543,211,119
1995 $1,698,989,464 $77,389,487,770
1994 $1,419,294,254 $58,418,666,667
1993 $1,357,189,552 $60,037,460,783
1992 $1,284,759,928 $60,416,519,620
1991 $1,156,135,718 $53,453,444,787
1990 $1,114,694,041 $48,606,952,195
1989 $696,921,542 $43,536,709,104
1988 $692,026,455 $60,226,413,793
1987 $584,126,092 $48,029,034,483
1986 $449,140,318 $60,516,123,711
1985 $360,079,419 $61,965,466,667
1984 $494,483,409 $59,867,743,468
1983 $555,336,146 $67,556,279,070
1982 $537,568,059 $67,736,744,186
1981 $570,774,825 $66,327,441,860
1980 $541,976,853 $59,116,511,628
1979 $412,093,134 $48,310,930,233
1978 $340,630,085 $39,316,279,070
1977 $304,060,076 $36,210,697,674
1976 $272,550,068 $31,419,534,884
1975 $288,299,789 $27,464,651,163
1974 $264,320,941 $26,100,930,233
1973 $221,915,128 $17,035,581,395
1972 $146,736,479 $13,977,727,273
1971 $136,462,081 $12,986,590,909
1970 $112,139,955 $11,561,111,111
1969 $105,419,958 $10,285,111,111
1968 $79,799,968 $10,034,444,444
1967 $74,759,970 $9,250,000,000
1966 $76,859,969 $8,781,333,333
1965 $70,279,972 $8,427,777,778
1964 $64,980,554 $8,192,413,793
1963 $54,129,438 $9,608,717,288
1962 $45,927,962 $8,814,309,884
1961 $43,026,043 $8,067,267,031
1960 $35,076,846 $7,663,938,303

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

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

GDP per capita in Eswatini vs Venezuela by year

Eswatini
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $4,218 -
2023 $3,756 $11,300 $3,617 -
2022 $3,894 $10,635 $3,155 -
2021 $3,984 $9,990 $2,005 -
2020 $3,467 $9,329 $1,506 -
2019 $3,913 $9,248 $2,523 -
2018 $3,973 $8,535 $3,423 -
2017 $3,853 $8,584 $3,791 -
2016 $3,238 $8,484 $3,670 -
2015 $3,420 $8,391 $4,103 -
2014 $3,771 $8,366 $7,096 -
2013 $3,950 $8,231 $8,656 -
2012 $4,225 $7,760 $12,607 -
2011 $4,225 $7,571 $10,844 $21,241
2010 $3,923 $7,324 $13,646 $20,236
2009 $3,190 $7,011 $11,597 $20,562
2008 $2,947 $6,914 $11,262 $21,402
2007 $3,109 $6,732 $8,332 $20,236
2006 $2,965 $6,319 $6,739 $18,399
2005 $2,871 $5,773 $5,432 $16,511
2004 $2,526 $5,310 $4,269 $14,757
2003 $2,015 $5,020 $3,230 $12,359
2002 $1,316 $4,742 $3,652 $13,375
2001 $1,430 $4,521 $4,920 $14,714
2000 $1,630 $4,401 $4,776 $14,174
1999 $1,502 $4,272 $4,071 $13,623
1998 $1,547 $4,137 $3,870 $14,568
1997 $1,705 $4,038 $3,711 $14,655
1996 $1,619 $3,916 $3,113 $13,824
1995 $1,751 $3,777 $3,487 $13,890
1994 $1,461 $3,526 $2,689 $13,370
1993 $1,397 $3,371 $2,825 $13,702
1992 $1,362 $3,289 $2,907 $13,652
1991 $1,273 $3,236 $2,633 $12,880
1990 $1,278 $3,202 $2,452 $11,628
1989 $832 - $2,250 -
1988 $865 - $3,191 -
1987 $765 - $2,611 -
1986 $611 - $3,376 -
1985 $510 - $3,549 -
1984 $726 - $3,520 -
1983 $843 - $4,079 -
1982 $843 - $4,202 -
1981 $925 - $4,228 -
1980 $908 - $3,874 -
1979 $714 - $3,257 -
1978 $610 - $2,727 -
1977 $563 - $2,585 -
1976 $521 - $2,309 -
1975 $568 - $2,078 -
1974 $536 - $2,034 -
1973 $463 - $1,367 -
1972 $315 - $1,155 -
1971 $301 - $1,106 -
1970 $254.2 - $1,015 -
1969 $245.2 - $932 -
1968 $190.4 - $938 -
1967 $182.8 - $893 -
1966 $192.7 - $876 -
1965 $181 - $869 -
1964 $171.6 - $874 -
1963 $146.4 - $1,060 -
1962 $127.1 - $1,007 -
1961 $121.8 - $954 -
1960 $101.6 - $939 -

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

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

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $4,218 in Venezuela, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Venezuela ranks 93rd at $21,241.

Economic indicators

Eswatini Venezuela
Gross domestic product
$4.86B
2024
$120B
2024
GDP rank
162/197
2024
65/197
2024
GDP growth
2.97%
2023-2024
5.3%
2023-2024
GDP per capita
$3,910
2024
$4,218
2024
GDP per capita rank
131/197
2024
128/197
2024
GDP per capita, PPP
$11,799
2024
$21,241
2011
GDP per capita PPP rank
126/197
2024
93/197
2011
Government debt
$1.93B
2024
$197B
2024
Debt-to-GDP ratio
39.8%
2024
164.3%
2024
Government debt per person
$1,554
2024
$6,931
2024
Government debt per person rank
130/185
2024
69/185
2024
Average annual personal income after taxes
$3,913
2026
$3,792
2026
Market capitalization of domestic companies
$234M
2007
$3.98B
2002
Number of billionaires
1
2025
1
2025
Income share by richest 10%
42.7%
2016
33.2%
2006
Income share by poorest 10%
1.4%
2016
1.2%
2006
Government expenditure, % of GDP
33.3%
2024
17.6%
2024
Consumer prices inflation
2.6%
2018-2019
49%
2023-2024
Central bank interest rate
6.75%
2025
58.4%
2025
Unemployment rate
34.6%
2023
7.53%
2020
Population
1273390
28661242

Spending and national debt comparison by year

Eswatini
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Eswatini Venezuela
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 17.6% 164.3%
2023 32% 40% 13.1% 138.5%
2022 29.6% 40.5% 15.1% 164.4%
2021 30.1% 38.4% 13.1% 254.2%
2020 32.7% 38.2% 11.2% 337%
2019 32.9% 30.7% 21% 206%
2018 32.2% 27% 37.9% 175.3%
2017 33.9% 21.9% 21.8% 133.6%
2016 34.7% 20.5% 19.7% 138.4%
2015 35.3% 16.4% 22.9% 129.8%
2014 33.3% 14.3% 31.6% 84.9%
2013 29.4% 15.5% 36.5% 85.4%
2012 27.8% 15.2% 38% 58.4%
2011 26% 15.1% 39.4% 52.5%
2010 31.6% 14.5% 31.1% 37.7%
2009 34.5% 10.8% 33.3% 27.6%
2008 34.4% 15% 34.9% 20.3%
2007 31.2% 16.6% 35.9% 26.4%
2006 28.2% 15% 39.3% 25.7%
2005 29.7% 13.9% 33.5% 34.9%
2004 32% 15.5% 31.9% 41.8%
2003 26.4% 18% 32.2% 56%
2002 27.2% 17.6% 31% 48.2%
2001 26.4% 22.4% 31.9% 30.7%
2000 25.3% 18.7% 28.3% 27.7%
1999 26.5% 17.2% 26.1% 29.6%
1998 22.5% 15.9% 28.8% 30.7%
1997 21.2% 13% 31% 34.8%
1996 23.3% 12% 27.7% 45.9%
1995 20.5% 12.9% 32.9% 45.9%
1994 24.7% 13.8% 42.2% 63.9%
1993 24% 15.6% 27.7% 57.7%
1992 26% 16.6% 30.6% 54.8%
1991 20.3% 20.1% 33.9% 62.2%
1990 18.7% 20.4% 31.9% 63.3%
1989 15.8% 26.8% 32.5% 61.8%
1988 15.6% 27.5% 33.2% 46.3%
1987 17% 36.1% 25.1% 58.3%
1986 19.8% 44% 21.5% 45.9%
1985 22.3% 45.5% 20.3% 34.1%
1984 22.2% 29.7% 19.7% 36.4%
1983 23.2% 28.7% 25.3% 21.4%
1982 24% 29.2% 29% 18.6%
1981 23.8% 24.3% 29.6% 18.9%
1980 19.6% 27.2% 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Venezuela spent $21.1B, or 17.6% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 164.3% in Venezuela, ranking 134/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Venezuela
1x
Year Deficit/surplus, % of GDP
Eswatini Venezuela
2024 -1.36% -3.6%
2023 -0.67% -1.25%
2022 -5.4% -5.29%
2021 -4.68% -5.85%
2020 -4.27% -6.63%
2019 -6.26% -10.9%
2018 -6.72% -31%
2017 -5.68% -13.3%
2016 -8.54% -8.46%
2015 -6.03% -8.06%
2014 -1.18% -9.81%
2013 0.59% -10.4%
2012 3.48% -9.86%
2011 -4.02% -8.24%
2010 -9.52% -4.74%
2009 -3.06% -8.69%
2008 1.63% -3.46%
2007 2.44% -2.82%
2006 8.88% -1.6%
2005 -1.7% 4.09%
2004 -4.1% 2.47%
2003 -2.15% 0.17%
2002 -3.78% -1.48%
2001 -2.31% -4.59%
2000 -1.22% 4.45%
1999 -1.27% 0.74%
1998 1.07% -4.49%
1997 2.11% 2.58%
1996 -1% 7.94%
1995 0.9% -5.86%
1994 -3.61% -11.2%
1993 -3.29% -2.92%
1992 -2.9% -6.37%
1991 3.4% -2.28%
1990 5.61% 3.84%
1989 5.82% -0.91%
1988 3.23% -9.24%
1987 2.03% -7.47%
1986 -2.41% 0.82%
1985 -1.33% 6.97%
1984 1.25% 5.33%
1983 -0.6% 1.24%
1982 0.11% -0.17%
1981 -4.29% 4.74%
1980 6.55% 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/eswatini/venezuela | 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 Venezuela's deficit of $4.31B, or 3.6% of GDP.

Over the past 45 years, Eswatini recorded a fiscal deficit in 29 of those years, while Venezuela ran a deficit in 31 years. On average, Eswatini posted an annual deficit equal to 1.21% of GDP, compared to deficit of 3.58% of GDP for Venezuela.

Inflation comparison by year

Inflation
Eswatini

Venezuela
1x
Year Consumer prices inflation
Eswatini Venezuela
2024 - 49%
2023 - 338%
2022 - 186.5%
2021 - 1,589%
2020 - 2,355%
2019 2.6% 19,906%
2018 4.82% 65,374%
2017 6.22% 438%
2016 7.85% 254.9%
2015 4.95% 121.7%
2014 5.68% 62.2%
2013 5.62% 40.6%
2012 8.94% 21.1%
2011 6.11% 26.1%
2010 4.51% 28.2%
2009 7.45% 26%
2008 12.7% 31.4%
2007 8.08% 18.7%
2006 5.3% 13.7%
2005 4.77% 16%
2004 3.45% 21.7%
2003 7.29% 31.1%
2002 12% 22.4%
2001 5.94% 12.5%
2000 12.2% 16.2%
1999 6.09% 23.6%
1998 8.11% 35.8%
1997 7.13% 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 3,765% in Venezuela. In 2019, inflation was 2.6% in Eswatini and 49% in Venezuela.

Balance of trade

Eswatini Venezuela
Current account balance
$78.3M
2024
-$3.87B
2016
Current account balance ranking
69/190
2024
161/190
2016
Current account balance, % of GDP
+1.61%
2024
-3.43%
2016
Goods imports
$2.07B
2024
$16.3B
2016
Goods exports
$2.33B
2024
$27.4B
2016
Service imports
$542M
2024
$9.47B
2016
Service exports
$234M
2024
$1.28B
2016
Imports of goods and services, % of GDP
53.7%
2024
9.22%
2024
Exports of goods and services, % of GDP
53.8%
2024
16.9%
2024

Economic freedom indices

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

Eswatini Venezuela
Economic freedom 57.5 27.3
Economic freedom ranking 116/197 194/197
Property rights 42.5 0
Government integrity 29.7 6.9
Judicial effectiveness 35.5 5.1
Tax burden 78.6 73.4
Government spending 71 93
Fiscal health 87.5 29.1
Business freedom 49.9 31.1
Labor freedom 55.2 35.5
Monetary freedom 76.8 0
Trade freedom 73.6 43.2
Investment freedom 50 0
Financial freedom 40 10

Economic freedom comparison by year

Eswatini
Venezuela
1x
Year Economic freedom index
Eswatini Venezuela
2026 57.5 27.3
2025 56.4 27.6
2024 55.6 28.1
2023 54.9 25.8
2022 51.4 24.8
2021 55.1 24.7
2020 55.3 25.2
2019 54.7 25.9
2018 55.9 25.2
2017 61.1 27
2016 59.7 33.7
2015 59.9 34.3
2014 61.2 36.3
2013 57.2 36.1
2012 57.2 38.1
2011 59.1 37.6
2010 57.4 37.1
2009 59.1 39.9
2008 58.4 44.7
2007 60.1 47.9
2006 61.4 44.6
2005 59.4 45.2
2004 58.6 46.7
2003 59.6 54.8
2002 60.9 54.7
2001 63.6 54.6
2000 62.6 57.4
1999 62.1 56.1
1998 62 54
1997 59.4 52.8
1996 58.6 54.5
1995 63.3 59.8

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Venezuela
Services, % of GDP
51.4%
2024
51.7%
2014
Industry, % of GDP
34.7%
2024
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
5.03%
2014
GNI, Atlas method
$4.46B
2024
$109B
2024
GNI per capita, PPP
$10,760
2024
$20,800
2011
Total reserves including gold
$479M
2023
$9.79B
2017
Total reserves ranking
159/177
2023
77/177
2017
Net foreign direct investment
-$11.8M
2024
-$27M
2016
Net inflows of foreign direct investment
$75.5M
2024
$1.63B
2024
Net outflows of foreign direct investment
$63.8M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
n/a
Poverty at national poverty lines
58.9%
2016
33.1%
2015
Gross capital formation, % of GDP
15%
2024
4.9%
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/venezuela | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  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)

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.