Source: world bank Nominal/PPP
Summary:
Eswatini GDP Per Capita expanded from 1960 to 2024, increasing from $101.57 to $3,909.56 .The compound annual growth rate (CAGR) averaged 5.87% over the period. The economy recorded its peak level in 2011 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 44.9%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Eswatini Economic Phases (1960 - 2024)
From 1960 to 2024, Eswatini economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1966) indicating robust economic expansion
- High Growth (1973–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- Crisis (1984–1985) indicating severe economic downturn
- High Growth (1986–1988) indicating robust economic expansion
- Expansion (1993–1994) indicating steady moderate growth
- Contraction (1998–1999) indicating temporary slowdown
- High Growth (2003–2005) indicating robust economic expansion
- Expansion (2006–2007) indicating steady moderate growth
- High Growth (2009–2011) indicating robust economic expansion
- Contraction (2012–2016) indicating temporary slowdown
- Contraction (2022–2023) indicating temporary slowdown
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1990 with an increase of 53.597%, while the largest decline was in 1985 at -29.801%.