“Eswatini’s real GDP growth accelerated to 4.9 percent in 2025, supported by large public and private investment projects. Despite the strong growth, unemployment remains high at 33.5 percent. Growth is expected to moderate in 2026, reflecting higher fuel costs, weaker global demand, tighter financing conditions, weather-related disruptions, and easing of investment activity. Inflation moderated in 2025 and continued to decline through early 2026 before rising modestly to 2.6 percent in June 2026. Higher fuel prices are projected to raise average inflation for the year. Read More