Swaziland GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Swaziland expanded 2.78 percent in 2013 from the previous year. GDP Annual Growth Rate in Swaziland averaged 4.99 Percent from 1971 until 2013, reaching an all time high of 21.02 Percent in 1990 and a record low of -2.12 Percent in 1976. GDP Annual Growth Rate in Swaziland is reported by the Central Bank of Swaziland.
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Swaziland is one of the poorest countries in Africa. Over 70 percent of population rely on subsistence agriculture and as a result of food shortages and high prevalence of HIV rate the country has very low life expectancy rate. Landlocked between South Africa and Mozambique, Swaziland is ruled by one of the world’s last absolute monarchies. The economy is highly dependent on workers remittances and customs duties from the Southern African Customs Union. Swaziland’s sluggish growth is expected to endure as government fails to address major economic challenges such as bureaucracy, low literacy rate and youth unemployment. This page provides - Swaziland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.