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

International Monetary Fund

No 2003/021, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Swaziland; airplane acquisition; government; staff appraisal; deficit; nonessential spending; growth performance; IMF staff estimate; HIV and AIDS; Real effective exchange rates; Monetary base; Pension spending; Africa; Southern Africa (search for similar items in EconPapers)
Pages: 50
Date: 2003-01-31
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