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Eswatini’s economy expands by 3.4 per cent in Q2

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Growth rates.
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MBABANE – Eswatini’s economy grew by 3.4 per cent in real terms in the second quarter of 2025, compared to the same period last year.

This is according to new figures released by the Central Statistical Office (CSO) under the Ministry of Economic Planning and Development.

The quarterly gross domestic product (GDP) report shows that the seasonally adjusted real GDP reflects a notable improvement from the 0.6 per cent growth recorded in the second quarter of 2024.

On a quarter-to-quarter basis, economic output also rose by 1.9 per cent in Q2 2025, following a slight contraction of 0.3 per cent in the previous quarter.

According to the CSO, the rebound was largely supported by strong performances in the secondary and tertiary sectors, which outweighed the slowdown experienced in the primary industries such as agriculture, forestry and mining.

The secondary sector, which includes manufacturing, electricity, water and construction, expanded by 6.7 per cent year-on-year. Growth in this category was driven mainly by manufacturing (6.1 per cent), electricity supply (6.6 per cent), water supply (4.1 per cent) and a robust 12 per cent rise in construction.

The tertiary sector, which remains the backbone of the economy, contributing over half (52.6 per cent) of total output, grew by 3.7 per cent. Key drivers included information and communication (17.5 per cent), professional services (15.1 per cent), financial and insurance activities (4.1 per cent), transport (3.1 per cent) and wholesale and retail trade (2 per cent).

Full article available in our publication.

Sector growth rates.
Sector growth rates.

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Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

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