Swaziland: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Swaziland
January 31, 2003
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This 2002 Article IV Consultation highlights that real GDP growth for Swaziland fell from 7¾ percent annually during the 1980s to 3¾ percent during the 1990s. In 2001, growth declined further to 1.8 percent, reflecting a fall in export demand associated with the economic slowdown in South Africa, foreign disinvestment in some industries, and poor weather. Economic activity appears to have weakened further in 2002, with manufacturing output showing the effects of additional closures by foreign firms and agricultural output being affected by the drought in the region.
Subject: Expenditure, External debt, Foreign exchange, Health, HIV and AIDS, Monetary base, Money, Pension spending, Real effective exchange rates
Keywords: Africa, airplane acquisition, CR, deficit, government, growth performance, HIV and AIDS, IMF staff estimate, ISCR, Monetary base, nonessential spending, Pension spending, Real effective exchange rates, Southern Africa, staff appraisal, Swaziland
Pages:
50
Volume:
2003
DOI:
Issue:
021
Series:
Country Report No. 2003/021
Stock No:
1SWZEA0012003
ISBN:
9781451836080
ISSN:
1934-7685
