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    Swaziland Index 2006

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    Swaziland Economy - 2006
    https://theodora.com/wfbcurrent/swaziland/swaziland_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      In this small, landlocked economy, subsistence agriculture occupies more than 80% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp remain important foreign exchange earners. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. Surrounded by South Africa, except for a short border with Mozambique, Swaziland is heavily dependent on South Africa from which it receives about nine-tenths of its imports and to which it sends nearly two-thirds of its exports. Customs duties from the Southern African Customs Union and worker remittances from South Africa substantially supplement domestically earned income. The government is trying to improve the atmosphere for foreign investment. Overgrazing, soil depletion, drought, and sometimes floods persist as problems for the future. More than one-fourth of the population needed emergency food aid in 2004-05 because of drought, and nearly two-fifths of the adult population has been infected by HIV/AIDS.

      GDP (purchasing power parity):
      $6.222 billion (2005 est.)

      GDP (official exchange rate):
      $2.044 billion (2005 est.)

      GDP - real growth rate:
      1.8% (2005 est.)

      GDP - per capita (PPP):
      $5,500 (2005 est.)

      GDP - composition by sector:
      agriculture: 15.1%
      industry: 49.7%
      services: 35.3% (2005 est.)

      Labor force:
      155,700 (2003)

      Labor force - by occupation:
      agriculture: NA%
      industry: NA%
      services: NA%

      Unemployment rate:
      40% (2005 est.)

      Population below poverty line:
      69% (2005)

      Household income or consumption by percentage share:
      lowest 10%: 1%
      highest 10%: 50.2% (1995)

      Inflation rate (consumer prices):
      4% (2005 est.)

      Investment (gross fixed):
      10.4% of GDP (2005 est.)

      Budget:
      revenues: $805.6 million
      expenditures: $957.1 million; including capital expenditures of $147 million (2005 est.)

      Agriculture - products:
      sugarcane, cotton, corn, tobacco, rice, citrus, pineapples, sorghum, peanuts; cattle, goats, sheep

      Industries:
      mining (coal, raw asbestos), wood pulp, sugar, soft drink concentrates, textile and apparel

      Industrial production growth rate:
      3.7% (FY95/96)

      Electricity - production:
      392 million kWh (2003)

      Electricity - consumption:
      1.161 billion kWh (2003)

      Electricity - exports:
      0 kWh (2004)

      Electricity - imports:
      821.4 million kWh; note - electricity supplied by South Africa (2004)

      Oil - production:
      0 bbl/day (2004 est.)

      Oil - consumption:
      3,500 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$142.4 million (2005 est.)

      Exports:
      $1.991 billion f.o.b. (2005 est.)

      Exports - commodities:
      soft drink concentrates, sugar, wood pulp, cotton yarn, refrigerators, citrus and canned fruit

      Exports - partners:
      South Africa 59.7%, EU 8.8%, US 8.8%, Mozambique 6.2% (2004)

      Imports:
      $2.149 billion f.o.b. (2005 est.)

      Imports - commodities:
      motor vehicles, machinery, transport equipment, foodstuffs, petroleum products, chemicals

      Imports - partners:
      South Africa 95.6%, EU 0.9%, Japan 0.9%, Singapore 0.3% (2004)

      Reserves of foreign exchange and gold:
      $357.2 million (2005 est.)

      Debt - external:
      $357 million (2003 est.)

      Economic aid - recipient:
      $104 million (2001)

      Currency (code):
      lilangeni (SZL)

      Exchange rates:
      emalangeni per US dollar - 6.3593 (2005), 6.4597 (2004), 7.5648 (2003), 10.5407 (2002), 8.6092 (2001)

      Fiscal year:
      1 April - 31 March


      NOTE: The information regarding Swaziland on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Swaziland Economy 2006 information contained here. All suggestions for corrections of any errors about Swaziland Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/swaziland/swaziland_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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