Economic Activities in Eswatini: Primary, Secondary, Tertiary, and Quaternary

As of 2024, Eswatini has a population of 1,242,822 and is ranked among the world’s smaller nations. Located in Southern Africa, it covers an area of 17,360 square kilometers, ranking 147th globally, slightly smaller than Kuwait.

As of 2024, Eswatini has a GDP of approximately $4.86 billion (current US$), making it one of the smaller economies globally. The GDP per capita for Eswatini is approximately $3,909.60.

Eswatini’s economy is striving to improve its position and enhance the living standards of its citizens amidst global economic challenges.

Eswatini Economic Structure & Sector Analysis

• Primary activities (agriculture): about 8% of GDP (as of 2023).
• Secondary activities (industry): about 34.6% of GDP (as of 2023).
• Tertiary activities (services): about 51.3% of GDP (as of 2023).

Primary Sector of Eswatini

With 69.48% of land dedicated to agriculture, the country produces a variety of crops including sugarcane, maize, root vegetables, grapefruits, oranges, milk, pineapples, bananas, beef, and potatoes.

Despite contributing about 8% to the GDP (as of 2023), agriculture plays a crucial role in the economy. The diverse range of agricultural products highlights the sector’s significance, providing food security and employment opportunities.

The country’s diverse geology allows for a wide range of natural resources. Asbestos, coal, clay, cassiterite, and hydropower are vital for the economy. Additionally, forests, small gold and diamond deposits, quarry stone, and talc contribute significantly to the primary sector.

Secondary Sector of Eswatini

In Eswatini, the main industrial products include soft drink concentrates, coal, forestry products, sugar processing, textiles, and apparel.In 2023, Eswatini’s total exports were dominated by other sectors, with manufactures accounting for a minimal percentage, indicating their limited significance in driving the country’s export economy.

Tertiary sector of Eswatini

The tertiary sector encompasses the intangible aspects of the economy, focusing on knowledge and time to enhance productivity and meet needs. It includes services like attention, advice, and expertise for both consumers and businesses. In Eswatini, key tertiary activities are healthcare and medical care, education and training, banking and finance, tourism and hospitality, transportation and logistics, and communication and information exchange.Highlighting these, Eswatini’s economy heavily relies on tourism, contributing significantly to its GDP. With over 1.2 million annual arrivals, tourism accounts for 1.0202 visitors per capita. Popular destinations include the Mlilwane Wildlife Sanctuary and the Ngwenya Glass Village, showcasing the nation’s natural beauty and cultural heritage.Another example of tertiary economic activity is the mobile cellular sector, which boasts approximately 1.5 million subscriptions, facilitating technological growth and enhancing connectivity across various industries.

Biggest company in Eswatini

Which is the biggest company in Eswatini? The largest company is the Royal Eswatini Sugar Corporation (RSSC), the country’s leading producer of sugar and ethanol. For the financial year ended March 2025, it reported revenue of approximately E4.96 billion (Swazi emalangeni). Incorporated in 1979, RSSC operates in the primary and secondary sectors through sugarcane farming and the manufacture of refined sugar products and ethanol for domestic consumption and export across Africa and Europe.

International Trade of Eswatini

Import Activities of Eswatini

Eswatini’s high import activities, accounting for 47.59% of GDP, are vital for meeting domestic demand and driving economic growth.Eswatini’s main import partners are South Africa, China, US, Mozambique, and Mauritania. They primarily import refined petroleum, gold, plastic products, electricity, and garments to meet various domestic needs and drive economic growth.

Exports Activities of Eswatini

Eswatini’s total exports in 2023 amount to $2,099,916,840.62, accounting for 43.83% of its GDP. With exports contributing over 40% to the economy, they play a crucial role in driving growth and sustaining the country’s economic stability.Eswatini primarily exports scented mixtures, raw sugar, garments, industrial acids/oils/alcohols, and wood. Its main export partners are South Africa, Kenya, Nigeria, the Democratic Republic of the Congo, and Mozambique.

Eswatini economy challenges in 2024

Eswatini faces economic challenges due to reliance on South Africa, COVID-19 slowdown, high inflation, poverty, unemployment, and HIV/AIDS disruptions in the labor force.

Sources

• World Bank Data: Eswatini
• IMF: Eswatini
• CIA World Factbook: Eswatini
• UN Comtrade Plus: Trade Flow
• Royal Eswatini Sugar Corporation

Last updated: August 2026