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The African Exponent DATA

Country

🇸🇿 Eswatini

SZ · SZL Swazi lilangeni · Compare Eswatini →

Policy rate not yet covered
Headline inflation 2.70% stale May 2026
FX premium +11.64% week +5.69%
Latest T-bill 7.00% 91-day · 5 Aug 2026

Tier 1 · Markets

The Market Now

Series Per US$1 As of Source
Official reference 16.29 25 Sep 2026, 00:00 UTC ECB reference rates (via Frankfurter API)
Marketparallel 18.19 27 Sep 2026, 00:20 UTC Bybit P2P
Premium +11.64% week +5.69% market vs official

Official rate, 10-year annual average (World Bank)

10141820142017202020232025

Premium history · since Aug 2026 · our collectors

-14%0%14%Aug 2026Sep 2026

Download CSV — FX history · Download CSV — official rate, annual

Tier 2 · Policy & Prices

Policy & Prices

Policy rate

not yet covered

Inflation

Series YoY Period Source
Headline stale 2.70% May 2026 Source

As of 12 Sep 2026, 19:49 UTC

Download CSV — headline

Yield curve

discount rate Cbe

91-day 7.00% 5 Aug 2026
182-day 8.40% 5 Aug 2026
364-day 9.025% 5 Aug 2026

Steep — 364-day above 91-day.

as of 5 Aug 2026

Download CSV — auction history

Tier 3 · Structure

Structure & trajectory

Annual indicators, latest available year on each card · Sources: World Bank / UN / IMF WEO Oct 2025 / V-Dem / EIA

14 of 24 indicators improving mixed

Rule: for each metric with at least two observations, direction is the sign of (latest − earliest). Child mortality, $3/day poverty, national poverty, debt service, debt-to-GDP, and the Gini index are inverted (a decline is improvement). Overall: improving if ≥60% of those metrics improved, mixed if 40–60%, worsening if <40%.

Population

1.3M · 2025

1.1M1.2M1.3M201520172019202120232025

↑ 119,875 since 2014

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GDP per capita (PPP)

$12,529 · 2025

$8,300$10,650$13,000201520172019202120232025

↑ $4,164 since 2014

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GDP per capita growth

3.1% · 2025

-4%0%6%201520172019202120232025

↑ 1.6 pts since 2014

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Life expectancy

64.3 years · 2024

5358.564201420162018202020222024

↑ 10.8 years since 2014

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Child mortality

45.1 per 1,000 · 2024

4552.560201420162018202020222024

↓ 14.9 since 2014

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Internet users

63.4% · 2024

25%44%63%201420162018202020222024

↑ 38.4 pts since 2014

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Manufacturing share of GDP

28.1% · 2025

26%29%32%201520172019202120232025

↓ 2.4 pts since 2014

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Electricity access

89.3% · 2024

63%76%89%201420162018202020222024

↑ 24.3 pts since 2014

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Debt service / exports

7.7% · 2024

2.2%6.6%11%201420162018202020222024

↓ 2.9 pts since 2014

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Exports of goods and services

$2.6B · 2024

$1.6B$2.1B$2.6B201420162018202020222024

↑ $622.3M since 2014

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GDP growth

4.2% · 2025

-3%0%7%201520172019202120232025

↑ 2.1 pts since 2014

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GDP

$5.2B · 2025

$3.7B$4.5B$5.2B201520172019202120232025

↑ $875.6M since 2014

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Unemployment

34.2% · 2025

22%29%36%201520172019202120232025

↑ 10.3 pts since 2014

ILO modeled estimate — national definitions differ

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FDI inflows

$75.5M · 2024

$-57.6M$0$128M201420162018202020222024

↑ $49.7M since 2014

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Remittances

$33.3M · 2024

$33M$86.5M$140M201420162018202020222024

↓ $62.5M since 2014

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External debt

$1.2B · 2024

$440M$820M$1.2B201420162018202020222024

↑ $701.3M since 2014

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Agriculture share of GDP

6.4% · 2025

5.3%6.7%8.1%201520172019202120232025

↓ 1.8 pts since 2014

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Services share of GDP

52.4% · 2025

49%51%53%201520172019202120232025

↑ 3.3 pts since 2014

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Investment rate

16.1% · 2024

14%16%18%201420162018202020222024

↓ 0.1 pts since 2014

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Terms of trade

90.50 · 2024

81.0095.50110.00201420162018202020222024

↓ 6.50 since 2014

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FX reserves

$536.6M · 2024

$440M$565M$690M201420162018202020222024

↓ $154.2M since 2014

includes gold

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Lending rate

10.9% · 2024

7.2%9.1%11%201420162018202020222024

↑ 2.2 pts since 2014

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Deposit rate

3.9% · 2024

1.7%3%4.4%201420162018202020222024

↑ 1.8 pts since 2014

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Health expenditure

7.5% · 2023

6.8%7.6%8.4%2014201820202023

↑ 0.2 pts since 2014

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Physicians

0.6 per 1,000 · 2023

0.10.30.6201620202023

↑ 0.5 since 2016

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Tertiary enrollment

not available

Tourist arrivals

345,300 · 2020

340,000820,0001.3M2014201620182020

↓ 979,700 since 2014

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Account ownership

65.1% · 2024

65%65.5%66%202220232024

↓ 1.1 pts since 2022

Findex · every 3–4 years

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Exports per capita derived

$2,060 · 2024

$1,400$1,750$2,100201420162018202020222024

↑ $354.52 since 2014

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Median age

22 years · 2023

1920.5222014201820202023

↑ 2.3 years since 2014

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Government revenue / GDP

31.5% · 2026

23%27.5%32%201620182020202220242026

↓ 0.1 pts since 2014

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Debt to GDP

50% · 2026

14%32%50%20142017202020232026

↑ 35.9 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Gross debt (national currency)

SZL 48.9B · 2026

SZL 6.6BSZL 27.8BSZL 49B20142017202020232026

↑ SZL 42.3B since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Current account / GDP

-1.8% · 2026

-3%0%14%20142017202020232026

↓ 13.7 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

Download CSV

Budget balance / GDP

-6.9% · 2026

-8.4%-4.5%-0.7%20142017202020232026

↓ 5.7 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

Download CSV

Electoral democracy

0.13 · 2025

0.110.120.13201520172019202120232025

↓ 0.00 since 2014

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Trade profile

Exports

$2.6B · 2024

$1.6B$2.1B$2.6B201420162018202020222024

↑ $622.3M since 2014

Imports

$2.6B · 2024

$1.6B$2.1B$2.6B201420162018202020222024

↑ $632.5M since 2014

Balance derived

−$52.9M · 2024

$-193.7M$0$123.9M201420162018202020222024

↓ $10.2M since 2014

Top exports · 2023

Products

  1. Essential oils and cosmetics $586.4M · 28.0%
  2. Sugars and confectionery $477.3M · 22.8%
  3. Miscellaneous chemical products $282.2M · 13.5%
  4. Apparel, not knitted $145.5M · 6.9%
  5. Wood and wood articles $135.5M · 6.5%
  6. Mineral fuels $75.4M · 3.6%
  7. Beverages, spirits, vinegar $60.7M · 2.9%
  8. Apparel, knitted $49.3M · 2.4%
  9. Preparations of vegetables and fruit $39.7M · 1.9%
  10. Cereal, flour, starch preparations $36.2M · 1.7%

Partners

  1. South Africa $1.4B · 67.5%
  2. Kenya $89.6M · 4.3%
  3. Mozambique $82M · 3.9%
  4. Nigeria $70.1M · 3.3%
  5. Zimbabwe $47.8M · 2.3%
  6. Tanzania $35.5M · 1.7%
  7. Uganda $34.2M · 1.6%
  8. Italy $34M · 1.6%
  9. Botswana $33.9M · 1.6%
  10. United States $29.2M · 1.4%

Top imports · 2023

Products

  1. Mineral fuels $381.7M · 18.7%
  2. Machinery and mechanical appliances $121.8M · 6.0%
  3. Vehicles other than railway $119.7M · 5.9%
  4. Electrical machinery and equipment $88.1M · 4.3%
  5. Cereals $87M · 4.3%
  6. Plastics $78.8M · 3.9%
  7. Beverages, spirits, vinegar $64.5M · 3.2%
  8. Cotton $61.1M · 3.0%
  9. Organic chemicals $54.8M · 2.7%
  10. Essential oils and cosmetics $52.8M · 2.6%

Partners

  1. South Africa $1.5B · 73.8%
  2. China $154.3M · 7.6%
  3. India $72.3M · 3.5%
  4. United States $31.5M · 1.5%
  5. Mozambique $25.3M · 1.2%
  6. Ireland $18.9M · 0.9%
  7. Germany $18.7M · 0.9%
  8. United Arab Emirates $17.1M · 0.8%
  9. Italy $13M · 0.6%
  10. Bahrain $12.8M · 0.6%

2025 filings are still arriving — this page updates as each country reports

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