Eswatini vs South Africa

Eswatini vs South Africa: Government debt

Government debt: 44.8% of GDP in Eswatini in 2025 and 76% of GDP in South Africa in 2024, by IMF estimates. In 2024 the value was higher in South Africa, by 35.9 percentage points, or 1.9 times that in Eswatini.

% of GDP · IMF

Eswatini vs South Africa: Government debtGovernment debt: 44.8% of GDP in Eswatini in 2025 and 76% of GDP in South Africa in 2024, by IMF estimates. In 2024 the value was higher in South Africa, by 35.9 percentage points, or 1.9 times that in Eswatini.
EswatiniSouth AfricaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Africa has been higher in every year both have figures for since 2000.
  • The IMF projection (World Economic Outlook, October 2026) puts Eswatini at 48% of GDP and South Africa at 79.8% of GDP in 2031.

Every year

% of GDP · IMF

YearEswatiniSouth Africa
202544.878.4
20244076
202339.573.2
202239.570.7
202137.468.8
202037.768.9
201930.556.1
201826.551.5
201721.748.6
201620.147.1
20151645.2
201414.143.3
201315.240.4
201214.837.4
201114.634.7
201014.231.2
200910.627
200814.624.1
200716.224.3
200614.728
200513.629.6
20041530.7
200317.731.5
200217.231.8
200121.738.1
200018.237.9
199916.7–
199815.6–
199712.7–
199611.5–
199512.5–
199413.1–
199315–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearEswatiniSouth Africa
202652.578
202754.478.1
202854.378.8
202953.779.5
203051.379.7
20314879.8

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Eswatini vs South Africa

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