Eswatini: Broad money (current LCU)

Key figures

What the numbers say

In 2022, Eswatini's broad money (current LCU) rose 3.6% on 2021 (from 21.26 billion to 22.03 billion).

Across the 30 yearly changes before that (1992 to 2021), the average change was +12% and a typical year strayed about 8% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 51.3% in 1975 and the biggest yearly fall was 6.6% in 2000. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is upward, about 1.28 billion a year. A straight line explains 95% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 26.76 billion for 2025. We show this only because the same method, fitted on earlier years, predicted 2020 to 2022 better than "no change" would have: its average miss was 562.99 million, against 3.13 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

Closest to Eswatini in the 2022 ranking

• Central African Republic — 4th of 8: 488.93 billion
• Kyrgyz Republic — 5th of 8: 443.72 billion
• Nicaragua — 6th of 8: 220.4 billion
• Bahamas, The — 8th of 8: 9.56 billion

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 49 values

Broad money (current LCU) in nearby economies

• Angola — 17.82 trillion (2025)
• Benin — 4.23 trillion (2025)
• Botswana — 115.36 billion (2024)
• Burkina Faso — 6.96 trillion (2025)
• Burundi — 8.01 trillion (2025)
• Cabo Verde — 281.73 billion (2025)
• Cameroon — 4.75 trillion (2018)
• Central African Republic — 488.93 billion (2022)
• Chad — 1.5 trillion (2021)
• Comoros — 285.91 billion (2025)
• Congo, Dem. Rep. — 42.99 trillion (2025)

More financial sector data for Eswatini

• DEC alternative conversion factor (LCU per US$) — US$17.89 (2025)
• Official exchange rate (LCU per US$, period average) — US$17.89 (2025)
• Domestic credit to private sector by banks (% of GDP) — 22.97% (2025)
• GDP deflator (base year varies by country) — 122.59 (2025)
• Consumer price index (2010 = 100) — 166.82 (2019)
• Inflation, GDP deflator (annual % growth) — -0.45% (2025)
• Inflation, consumer prices (annual % growth) — 2.6% (2019)
• Monetary sector credit to private sector (% of GDP) — 23.08% (2025)
• Domestic credit to private sector (% of GDP) — 23.08% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Eswatini's broad money (current LCU)?

22.03 billion in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 54,102% from 40.65 million in 1974 (14.01% a year on average, compounded). The highest value was 22.03 billion in 2022 and the lowest 40.65 million in 1974.

Is the latest change in broad money (current LCU) unusual for Eswatini?

In 2022, Eswatini's broad money (current LCU) rose 3.6% on 2021 (from 21.26 billion to 22.03 billion). Across the 30 yearly changes before that (1992 to 2021), the average change was +12% and a typical year strayed about 8% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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