105 years old, since 1910.
24 September 2017

Kingdom of Swaziland

Overview

The kingdom of Swaziland is an independent Monarchy, rich in traditions and heritage, led by King Mswati III, since 1986, as Executive Head of State with parliament and consultation prescribing laws and Customs. Swaziland is a Kingdom in Southern Africa, and covers an area of 17,363 square kilometres. Swaziland is virtually homogenous, most of the population being of the same tribe. Economically, Swaziland trades mainly with South Africa, which receives almost half of Swazi exports and supplies most of its imports.

The valley of heaven "the Ezulwini Valley" in the Highfield of Swaziland is home to the major tourist attractions with exceptional scenic routes. Also found in the valley is a wildlife sanctuary covering 4,500hectares containing a wide variety of mammals, birds, tree plants.

Economic Performance 2015

Swaziland's economy as measured by nominal GDP at market prices was estimated at R48.8 billion in 2014 compared to R44.5 billion in 2013. The economy recorded a slow growth of 2.7 per cent in 2014 compared to 4.6 per cent in 2013 and 3.4 per cent in 2012. The slow growth in real GDP was reflected in wholesale, retail, hotel and restaurants; and general government sectors that recorded weaker growth rates. The largest industries, as measured by their nominal value added in 2015, were manufacturing accounting for 33.6 per cent of total value added, followed by wholesale, retail, hotel and restaurants accounting for 17.0 per cent of total value added.

In 2015, the annual inflation rate eased to 5.0 per cent compared to 5.7 per cent in 2014. The fall in the annual inflation rate was mainly due to the fall in the prices in food & non-alcoholic beverages, and transport categories which accounts for 29.22 per cent and 10.50 per cent of the overall inflation basket, respectively.

Economic Indicators 2014

Country size

17 364 km2

GDP at current prices:

R48.8 billion

Population (2015):

1 119 375

GDP per capita:

R44 076

Real economic growth rate:

2.7%

Annual inflation rate:

5.0%

Merchandise imports:

R17.7 billion

Merchandise exports:

R22.3 billion

Feeds

The Swazi Observer
The Times of Swaziland