Economy Guide in Eswatini

Very affordable costs (CPI: 27.9). Groceries (27.9) and restaurants (26.5) are very affordable compared to a NYC baseline.

Property prices average 2.9 years of household income, indicating a very affordable housing market. The rental market (index: 5.4) is also very affordable compared to a NYC baseline.

A purchasing power index of 58.4 indicates low buying power compared to a NYC baseline.

Eswatini has a corporate income tax rate of 25% (effective for year-ends after December 31, 2024) and a standard VAT rate of 15%. Individual income tax is progressive, though specific brackets were not detailed in recent searches. Property taxes are levied at the municipal level, not nationally.

Eswatini is actively working to improve its business climate, supported by the Eswatini Investment Promotion Authority (EIPA). The startup ecosystem is nascent but growing, with a National Fintech Strategy launched in 2025. While not globally ranked in ease of doing business, the government is committed to regulatory improvements.

Eswatini is transitioning its National Provident Fund to a National Pension Fund to provide lifelong retirement income, complemented by a universal old-age grant. The public healthcare system faces challenges with funding and resources, though a 2024-2028 strategic plan aims for Universal Health Coverage. Coverage for informal workers remains a challenge.

The Central Bank of Eswatini (CBE) actively regulates and supervises a generally resilient banking sector. While a statutory deposit insurance scheme is currently underway, the CBE has demonstrated its commitment to financial stability through interventions, such as the support provided to Eswatini Bank in March 2026. The Financial Services Regulatory Authority (FSRA) oversees non-bank financial institutions and protects consumer rights.