Eswatini (Swaziland)

Eswatini (formerly Swaziland) is a small, landlocked, lower-middle-income kingdom whose economy is tightly bound to neighboring South Africa, on which it depends for trade, employment, and its currency peg.

One of the world's last absolute monarchies, it relies on sugar, manufacturing, and remittances, with high unemployment and one of the world's highest HIV rates.

Key Sectors

The economy rests on sugar and agriculture, manufacturing (sugar processing, soft-drink concentrate, textiles), and remittances, heavily integrated with South Africa.