Swaziland, one of the last absolute monarchies (Umbuso ) in the world, is one of the smallest countries in Africa and has a well-earned reputation for friendliness in Southern Africa. It also contains several large game parks and reserves, which are sponsored by the government and are popular tourist destinations. Compared to other countries in the region, Swaziland is known for its civility and peacefulness. Swaziland is divided into four administrative districts: Hhohho (northwest), Lubombo (east), Manzini (central-west), and Shiselweni (south).
The economy of Swaziland is diversified, with agriculture, forestry and mining accounting for about 13 percent of GDP, manufacturing representing 37 percent of GDP and services – with government services in the lead – constituting 50 percent of GDP. Economic growth in Swaziland has lagged behind that of its neighbors. The Swazi economy is very closely linked to the economy of South Africa, from which it receives over 90 percent of its imports and to which it sends about 70 percent of its exports. Swaziland’s other key trading partners are the United States and the EU, from whom the country has received trade preferences for apparel exports. Swaziland is the fourth largest producer of sugar in Africa. The country’s main source of foreign exchange is the Bulembu asbestos mine.
|Agriculture||Sugarcane, tobacco, citrus, cotton, pineapple.|
|Manufacture||Coal mining, wood pulp, sugar, soft drink concentrates, textile and apparel.|
|Services (Including financial)||53.7% (2016 estimate)|
|Central bank of Swaziland||Bank|
|Royal Swazi National Highways||Travel|
|Swazi Express Airways||Travel|
The Swaziland Stock Market is a small but thriving stock exchange. The stock exchange was established in July 1990, to enable ordinary Swazis to become stakeholders in their economy. All listings are included in the sole index, the SSM Index, which is unweighted. There are a handful of listed public companies, as well as some listed government stock options, listed debentures, government guaranteed stock and non-trading mutual funds. Exchange Control approval is required for foreigners wishing to invest in the stock market. Stockbrokers on the Exchange are licensed by the Central Bank of Swaziland and there is no regulation regarding the foreign ownership of brokerage firms.
The Swazi nation, originally came from Mozambique. Archaeologists have found human remains in eastern Swaziland that have been dated to be 110 000 years old, but these were not the ancestors of the Swazi. The Swazi, ruled by Sobhuza I of the Dlamini. During the 1800s European traders, missionaries and hunters moved into the area with the intention of making it their home. In 1877 the British annexed the kingdom. Although the Swaziland Convention of 1881 ensured the areas independence it made the kingdom s great deal smaller. For the next 66 years, Swaziland remained under British control. Many Swazi men left their homes to raise money as mineworkers to buy parts of their land back. British rule in the kingdom was peaceful and by 1963 limited self-government was allowed.
On 6 September 1968 Swaziland was granted complete independence. It was still a member of the Commonwealth of Nations and the king, Sobhuza II who had come into power in 1921, became the Head of State. The country was administered by a Cabinet and Prime Minister selected by Parliament. The Swaziland constitution was a product of its previous British rulers and in 1973 King Sobhuza II suspended it. He felt that it did not reflect the culture of the Swazi people. A new constitution was drawn up and presented in 1977. This new constitution made the king the absolute ruler of the kingdom. In 1982 South Africa and Swaziland came to a formal agreement regarding each other's security interests. Towards the end of 1997, the king's powers were slightly reduced and Elections were held in 1998, but the king still held most of the power. Opposition parties were still banned and unions began organizing strikes and bans on imported goods.
|Dr. Barnababa Sibusiso Dlamini (Prime Minister)||Mwasti III (King)|
The currency of Swaziland, the lilangeni, is tied to the South African rand at 1:1. Shops in Swaziland often accept and make change for both currencies indiscriminately. This is not the case in South Africa, however, so if you are planning to visit South Africa also, you may prefer to request rand in exchange for emalangeni at banks in Mbabane or Manzini: proof of identity is required. It is impossible to exchange your emalangeni at Johannesburg Airport, as well as in the UK. All Swazi vendors will take Rand, but no South African vendors will take emalangeni. .
|National Song||"Nkulunkulu Mnikati wetibusiso temaSwati"|
|Currency||Swazi lilangeni (SZL)|
|GDP / GDP Rank||11.07 Billion USD|
|GDP Growth Rate||1.7 Percent|
|GDP Per Captial||$9775.762 (PPP)|
< 1.0% Muslims
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
Ngwenyama - Mswati III
Prime Minister - Ambrose Dlamini
|Website||Go to the web|
|Public Debt||27.495 Percent|
|Unemployment Rate||25.281 Percent|
|Labor Force (Occupation)||-|