Location: Southern Africa
Capital: Mbabane
Population (2012): 1,386,914
Surface area: 17,364 sq km
Currency: Emalangeni
GDP per capita (2011): US $ 3,399
Economy – Overview:
In this small, landlocked economy, subsistence agriculture occupies approximately 70% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp were major foreign exchange earners; however, the wood pulp producer closed in January 2010, and sugar is now one of the main export earners. In 2007, the sugar industry increased efficiency and diversification efforts, in response to a 17% decline in EU sugar prices. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. Swaziland is heavily dependent on South Africa from which it receives more than nine-tenths of its imports and to which it sends 60% of its exports. Swaziland’s currency is pegged to the South African rand, subsuming Swaziland’s monetary policy to South Africa. The government is heavily dependent on customs duties from the Southern African Customs Union (SACU), and worker remittances from South Africa substantially supplement domestically earned income.
The government has also legislated that 30% of local pension funds need to be invested in Swaziland, boosting demand for government bonds. Customs revenues plummeted due to the global economic crisis and a drop in South African imports. The resulting decline in revenue has pushed the country into a fiscal crisis. The government has requested assistance from the IMF and from the African Development Bank.
Human Development Index ranking (2012): 141 out of 186
Net Official Development Assistance (ODA) (201): US $ 125 million
Top Three Donors of gross ODA: Global Fund, EU Institutions, United States.
FDI inflows (2012): $ 90 million
Total External Debt (2011): US $ 604 million
External debt stock (% of GNI) (2011): 15.5
Merchandise exports (2011): US$ 1,910 million
Terms of trade index (2012): 110.1
Major export commodities: Mixed odoriferous substances for industrial use, binder for foundry, Solid cane or beet sugar
Cost to export per container (2013): US $ 1,880
HIPC Position (2013): Not eligible

United Nations Membership date: 24 September 1968

New York Mission:

Address: Permanent Mission of the Kingdom of Swaziland to the United Nations
228 East 45th Street, 8th Floor, New York, N.Y. 10017
Telephone: (212) 371-8910, -8911, -8775
Telefax: (212) 754-2755
e-mail: Swaziland@un.in; swazinymission@yahoo.com
Correspondence: English
National holiday: 6 September, Independence Day
 
 
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