Eswatini
Government debt in Eswatini
Government debt in Eswatini: 15% of GDP in 1993 and 44.8% of GDP in 2025, by IMF estimates.
- Latest, 2025
- 44.8% of GDP
- Since 1993
- +29.9 percentage points
- Rank, 2025
- 92 of 149
- counting from the highest
- Projected, 2031
- 48% of GDP
- IMF projection (World Economic Outlook, October 2026)
% of GDP · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 48% of GDP in 2031.
- The highest was 44.8% of GDP in 2025, the lowest 10.6% of GDP in 2009.
Every year
% of GDP · IMF
| Year | Eswatini |
|---|---|
| 2025 | 44.8 |
| 2024 | 40 |
| 2023 | 39.5 |
| 2022 | 39.5 |
| 2021 | 37.4 |
| 2020 | 37.7 |
| 2019 | 30.5 |
| 2018 | 26.5 |
| 2017 | 21.7 |
| 2016 | 20.1 |
| 2015 | 16 |
| 2014 | 14.1 |
| 2013 | 15.2 |
| 2012 | 14.8 |
| 2011 | 14.6 |
| 2010 | 14.2 |
| 2009 | 10.6 |
| 2008 | 14.6 |
| 2007 | 16.2 |
| 2006 | 14.7 |
| 2005 | 13.6 |
| 2004 | 15 |
| 2003 | 17.7 |
| 2002 | 17.2 |
| 2001 | 21.7 |
| 2000 | 18.2 |
| 1999 | 16.7 |
| 1998 | 15.6 |
| 1997 | 12.7 |
| 1996 | 11.5 |
| 1995 | 12.5 |
| 1994 | 13.1 |
| 1993 | 15 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Eswatini |
|---|---|
| 2026 | 52.5 |
| 2027 | 54.4 |
| 2028 | 54.3 |
| 2029 | 53.7 |
| 2030 | 51.3 |
| 2031 | 48 |
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 in numbers
Every measure for Eswatini on one page
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Military
- Military spending1.6% of GDP in 2025
- Military spending in US dollars$88.1M in 2025
- Military spending per person$75 in 2025
- Military share of state spending5.2% of government spending in 2025
- Armed forces personnel3,000 people in 1999
- National power0.01% of world capability in 2022
- Armed forces, share of workers0.98% of the labour force in 1999
- Arms imports2 million TIV in 2020