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FX

Southern Africa · SZ · SZL

Eswatini

Eswatini is a $5.2B economy (2025), growing 4.2% in real terms, with consumer inflation at 2.6%. 22 of 22 tracked series are published for this country.

USD/SZL

16.6514

Swazi lilangeni

WB pipeline

$50M

1 project to the Board

Data

Economy

GDP · 2025

$5.2B

+6.2% vs 2024

2010: $4.4B2011: $4.7B2012: $4.7B2013: $4.5B2014: $4.3B2015: $3.9B2016: $3.7B2017: $4.5B2018: $4.6B2019: $4.6B2020: $4.1B2021: $4.8B2022: $4.7B2023: $4.6B2024: $4.9B2025: $5.2B
#42 of 52

GDP growth · 2025

4.2%

+1.2 pts vs 2024

2010: 3.8%2011: 1.8%2012: 4.1%2013: 4.1%2014: 2.1%2015: 1.7%2016: 2.9%2017: 3.5%2018: 0.1%2019: 6.4%2020: -3.0%2021: 4.2%2022: 0.4%2023: 3.5%2024: 3.0%2025: 4.2%
#30 of 52

GDP per capita · 2025

$4.1K

+5.1% vs 2024

2010: $3.9K2011: $4.2K2012: $4.2K2013: $3.9K2014: $3.8K2015: $3.4K2016: $3.2K2017: $3.9K2018: $4K2019: $3.9K2020: $3.5K2021: $4K2022: $3.9K2023: $3.8K2024: $3.9K2025: $4.1K
#13 of 52

Inflation · 2019

2.6%

−2.2 pts vs 2018

2010: 4.5%2011: 6.1%2012: 8.9%2013: 5.6%2014: 5.7%2015: 5.0%2016: 7.8%2017: 6.2%2018: 4.8%2019: 2.6%

Unemployment · 2025

34.2%

−0.4 pts vs 2024

2010: 26.9%2011: 26.1%2012: 25.2%2013: 24.6%2014: 23.9%2015: 23.4%2016: 22.7%2017: 24.5%2018: 26.5%2019: 28.2%2020: 33.0%2021: 34.2%2022: 36.5%2023: 34.6%2024: 34.6%2025: 34.2%
#1 of 53

Population · 2025

1.3M

+1.1% vs 2024

2010: 1.1M2011: 1.1M2012: 1.1M2013: 1.1M2014: 1.1M2015: 1.1M2016: 1.1M2017: 1.2M2018: 1.2M2019: 1.2M2020: 1.2M2021: 1.2M2022: 1.2M2023: 1.2M2024: 1.2M2025: 1.3M
#48 of 54

Agriculture share · 2025

6.4%

−0.1 pts vs 2024

2010: 8.3%2011: 8.0%2012: 8.4%2013: 8.4%2014: 8.2%2015: 7.4%2016: 5.4%2017: 8.1%2018: 7.4%2019: 7.4%2020: 7.6%2021: 7.2%2022: 7.6%2023: 6.6%2024: 6.5%2025: 6.4%
#42 of 51

Data

Debt, rates and money

Government debt · 2021

35.7%

−2.6 pts vs 2020

2010: 13.0%2011: 12.8%2012: 13.3%2014: 14.3%2015: 16.4%2016: 20.5%2017: 21.9%2018: 27.1%2019: 29.8%2020: 38.4%2021: 35.7%
#7 of 10

External debt · 2024

27.8%

−0.8 pts vs 2023

2010: 24.1%2011: 22.9%2012: 18.9%2013: 17.7%2014: 13.1%2015: 12.0%2016: 21.8%2017: 20.9%2018: 17.7%2019: 20.2%2020: 25.6%2021: 26.7%2022: 28.6%2023: 28.6%2024: 27.8%
#38 of 48

Debt service · 2024

7.7%

−0.2 pts vs 2023

2010: 2.4%2011: 2.8%2012: 3.1%2013: 5.5%2014: 10.6%2015: 4.8%2016: 2.2%2017: 6.2%2018: 2.7%2019: 2.5%2020: 5.4%2021: 2.9%2022: 3.8%2023: 7.9%2024: 7.7%
#37 of 48

Import cover · 2024

1.9 mo

−0.1 mo vs 2023

2010: 3.0 mo2011: 3.0 mo2012: 3.7 mo2013: 3.9 mo2014: 3.5 mo2015: 3.1 mo2016: 3.4 mo2017: 2.8 mo2018: 2.1 mo2019: 2.1 mo2020: 3.0 mo2021: 2.6 mo2022: 1.9 mo2023: 2.1 mo2024: 1.9 mo
#26 of 35

Lending rate · 2024

10.9%

+0.0 pts vs 2023

2010: 9.8%2011: 9.0%2012: 8.8%2013: 8.5%2014: 8.6%2015: 9.0%2016: 10.3%2017: 10.8%2018: 10.3%2019: 10.1%2020: 8.0%2021: 7.3%2022: 8.5%2023: 10.8%2024: 10.9%
#17 of 24

Private credit · 2025

23.1%

+1.5 pts vs 2024

2010: 19.5%2011: 22.8%2012: 19.7%2013: 21.5%2014: 21.8%2015: 21.3%2016: 21.6%2017: 20.6%2018: 21.0%2019: 20.2%2020: 21.0%2021: 20.8%2022: 21.3%2023: 21.3%2024: 21.6%2025: 23.1%
#14 of 47

FX (annual avg) · 2025

17.9

−2.3% vs 2024

2010: 7.32011: 7.32012: 8.22013: 9.72014: 10.92015: 12.82016: 14.72017: 13.32018: 13.22019: 14.52020: 16.52021: 14.82022: 16.42023: 18.52024: 18.32025: 17.9
#42 of 52

Data

Capital flows

FDI inflows · 2024

$75.5M

+168.5% vs 2023

2010: $135.7M2011: $98.7M2012: $26.5M2013: $81.8M2014: $25.8M2015: $31.5M2016: $26.9M2017: $-57.6M2018: $31.1M2019: $128M2020: $38.8M2021: $112.9M2022: $13.4M2023: $28.1M2024: $75.5M
#44 of 54

Remittances · 2024

$33.3M

−58.3% vs 2023

2010: $54.7M2011: $63.5M2012: $88.5M2013: $75.1M2014: $95.8M2015: $95.8M2016: $98.4M2017: $144.4M2018: $125.7M2019: $118.7M2020: $112.5M2021: $132.2M2022: $126.5M2023: $79.9M2024: $33.3M
#44 of 45

Data

Trade

Exports · 2024

53.8%

+5.3 pts vs 2023

2013: 41.8%2014: 45.3%2015: 44.9%2016: 45.3%2017: 43.2%2018: 40.9%2019: 44.8%2020: 43.6%2021: 44.6%2022: 44.5%2023: 48.5%2024: 53.8%
#6 of 49

Current account · 2024

1.6%

−0.5 pts vs 2023

2010: -8.9%2011: -6.0%2012: 5.1%2013: 10.9%2014: 12.0%2015: 13.6%2016: 8.0%2017: 6.1%2018: 1.3%2019: 3.8%2020: 6.6%2021: 2.6%2022: -3.0%2023: 2.1%2024: 1.6%
#9 of 46

Data

Technology

Internet use · 2024

63.4%

+2.1 pts vs 2023

2010: 11.0%2011: 18.1%2012: 20.8%2013: 24.7%2014: 25.0%2015: 25.6%2016: 28.6%2017: 35.3%2018: 39.4%2019: 43.9%2020: 49.0%2021: 54.0%2022: 57.3%2023: 61.3%2024: 63.4%
#14 of 51

Mobile subscriptions · 2024

140

+8.9% vs 2023

2010: 652011: 692012: 722013: 792014: 812015: 822016: 872017: 892018: 892019: 912020: 1052021: 1192022: 1212023: 1282024: 140
#8 of 54

Data

Climate and energy

Electricity access · 2024

89.3%

+2.9 pts vs 2023

2010: 45.6%2011: 51.2%2012: 54.3%2013: 57.5%2014: 65.0%2015: 64.1%2016: 63.4%2017: 73.5%2018: 74.0%2019: 77.0%2020: 80.0%2021: 82.9%2022: 82.3%2023: 86.4%2024: 89.3%
#12 of 54

Renewable share · 2022

64.7%

−0.7 pts vs 2021

2010: 68.5%2011: 69.3%2012: 68.8%2013: 66.1%2014: 68.3%2015: 68.8%2016: 64.3%2017: 65.3%2018: 65.7%2019: 64.4%2020: 63.7%2021: 65.4%2022: 64.7%
#28 of 54

Source: World Bank Open Data · World Development Indicators & International Debt Statistics · rank among African countries with a recent print

The Wire

Eswatini headlines

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Capital

World Bank lending to Eswatini

1 in the pipeline · 6 active · commitments as published by the Bank.

ProjectThemeStatusBoard dateCommitment
Jobs, Opportunities, Business Support and accessible local lending - EswatiniP517010Social protectionPipelineApr 2027$50M
Digital Eswatini ProjectP508948DigitalActiveJun 2026$65M
Eswatini Youth Employment Opportunities ProjectP507360Water & agricultureActiveMay 2025$27M
Fiscal Management and Competitiveness Development Policy LoanP508225Finance & fiscalActiveApr 2025$100M
Accelerating Sustainable and Clean Energy Access Transformation in EswatiniP508960Climate & energyActiveFeb 2025$90M
Strengthening Early Childhood Development and Basic Education Systems to Support Human Capital Development in Eswatini ProjectP173151Health & educationActiveMay 2022$27.4M
Additional Financing Eswatini COVID-19 Emergency Response ProjectP175875Health & educationActiveApr 2021$5M

Source: World Bank Projects & Operations

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