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eSwatini Economic Outlook

Real GDP contracted an estimated 0.5% in 2018 after 1.9% growth in 2017. Growth was hampered by weak recovery in the raw materials extraction sector, a slowdown in the production sector, and contraction in the services sector. Agriculture has not yet fully recovered from the 2015/16 drought, and mining has declined. Production sector performance was expected to be dampened by decelerating manufacturing resulting from shrinking external demand, notably an underperforming textile industry and the September 2017 European Free Trade Association ban on selected eSwatini exports. The estimated 1.3% service sector contraction was due to anticipated consumer and government spending declines.

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Key Facts

Capital: Mbabane
Area: 17,000 sq km
Total Population 2017: 1.3 Million...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 3.3 Billion
GNI Per Capita 2015: US$ 3,230
Inflation Rate: 110.69%
Crude Birth Rate (per 1000): 28.50%
Human Development Index (rank / 188): 148
Human Development Index (scale 0 to 1): 0.541
Membership Date: 26/07/1971
Cumulative Approvals (1967-2016): UA 390.4 Million

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