Economy of Swaziland
Swaziland is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Swaziland may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Swaziland exports around $1.6 billion and imports roughly $1.54 billion. 26.4% of population in the country are unemployed. The total number of unemployed people in Swaziland is 367,326. In Swaziland, 69% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Swaziland is very high when compared with other nations. This situation is indicative of a variety of alarming economic and political factors. It is not advisable to make any investments in countries with this level of poverty. Government expenditure on education is 7.8% of GDP. The Gini Index of the country is 50.4. Swaziland is experiencing inequality. The gap between the richest and poorest citizens in this country is significant and obvious, resulting in a drastically different standard of living for rich and poor citizens. Swaziland has a Human Development Index (HDI) of 0.53. Swaziland has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Swaziland is 2.102. The strength of legal rights index for Swaziland is 4. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.
Currency
The currency of Swaziland is Swazi lilangeni. The plural form of the word Swazi lilangeni is emalangeni. The symbol used for this currency is L, and it is abbreviated as SZL. The Swazi lilangeni is divided into Cent; there are 100 in one lilangeni.
Credit rating
The depth of credit information index for Swaziland is 7, which means that information is mostly sufficient and quite detailed; accessibility is not a problem.
Central bank
In Swaziland, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Swaziland. The average deposit interest rate offered by local banks in Swaziland is 2.1%.
Public debt
Swaziland has a government debt of 9.9% of the country's Gross Domestic Product (GDP), as assessed in 2014.
Tax information
The corporate tax in Swaziland is set at 27.5%. Personal income tax ranges from 33% to 33%, depending on your specific situation and income level. VAT in Swaziland is 14%, and it is known as Sales Tax.
Finances
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Swaziland is $10562 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Swaziland was last recorded at $8 million. PPP in Swaziland is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Swaziland is 3,523 billion. Based on this statistic, Swaziland is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Swaziland was last recorded at $3 million. The average citizen in Swaziland has low wealth. Countries with low wealth per capita often have slightly lower life expectancies and lower quality of living among citizens. It can be difficult to find highly skilled workers in countries with low wealth, as it is occasionally difficult for citizens to obtain the requisite education needed for specialized industries. Labor can be found for low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Swaziland averaged 2.1% in 2014. According to this percentage, Swaziland is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly. To read more about financial information click on finances of Swaziland.
Industry
Major industries in the country are coal, forestry, sugar, soft drink concentrates, textiles and apparel. The total labor force of Swaziland is 466,350 people, wherein 26.4% of population in the country are unemployed. The total number of unemployed people in Swaziland is 367,326. The Industrial Production growth rate of Swaziland is 1%.To read more about industrial information within Swaziland click on industry of Swaziland.
Agriculture
There are 1763 km2 of arable land in Swaziland, and it comprises 10% of the country's total territory. There are 1902 km2 of cultivated land in Swaziland. The country's major agricultural crops and products are sugarcane, cotton, corn, tobacco, rice, citrus, pineapples, sorghum, peanuts, cattle, goats, sheep.To read more about agriculture click on agriculture of Swaziland.