Eswatini's external balance on goods and services (current US$) was US$1.51 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 103.61% from −US$41.94 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.51 million | 2024 |
| Five years earlier | US$133.07 million | 2019 |
| Ten years earlier | −US$41.94 million | 2014 |
| Highest | US$133.07 million | 2019 |
| Lowest | −US$174.07 million | 2018 |
| Average since 2015 | −US$16.04 million | 2015–2024 |
| First recorded | −US$70.94 million |
What the numbers say
In 2024, Eswatini's external balance on goods and services (current US$) rose US$127.33 million on 2023 (from −US$125.82 million to US$1.51 million).
Across the 10 yearly changes before that (2014 to 2023), the average change was −US$5.49 million and a typical year strayed about US$141.37 million from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$307.14 million in 2019 and the biggest yearly fall was US$165.94 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Eswatini had the 14th highest value of the 33 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Eswatini in the 2024 ranking
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 12 values
| Year | External balance on goods and services (current US$) |
|---|---|
| 2024 | 1,514,160 |
| 2023 | -125,815,001 |
| 2022 | -169,968,396 |
| 2021 | -33,949,789 |
| 2020 | 131,994,148 |
| 2019 | 133,070,528 |
| 2018 | -174,072,756 |
| 2017 | -25,327,449 |
| 2016 | 45,239,932 |
| 2015 | 56,882,452 |
External balance on goods and services (current US$) in nearby economies
- Angola — US$13.82 billion (2025)
- Benin — −US$739.95 million (2025)
- Botswana — −US$1.09 billion (2025)
- Burkina Faso — US$1.37 billion (2025)
- Cabo Verde — −US$347.73 million (2025)
- Cameroon — −US$4.25 billion (2025)
- Central African Republic — −US$435.91 million (2025)
- Chad — US$2.73 billion (2025)
- Comoros — −US$404.54 million (2025)
More economic policy & debt data for Eswatini
- Agriculture, forestry, and fishing, value added (current US$) — US$330.7 million (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 5.92 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 6.41% (2025)
- Gross Value Added (GVA) at basic prices (current US$) — US$4.77 billion (2025)
- Gross Value Added (GVA) at basic prices (current LCU) — 85.32 billion (2025)
- GDP (current US$) — US$5.16 billion (2025)
- GDP (current LCU) — 92.32 billion (2025)
- GDP per capita (current US$) — US$4,108 (2025)
- GDP per capita (current LCU) — 73,492 (2025)
Reading data like this
Questions people ask
- What is Eswatini's external balance on goods and services (current US$)?
- US$1.51 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2013?
- It is up 102.13% from −US$70.94 million in 2013. The highest value was US$133.07 million in 2019 and the lowest −US$174.07 million in 2018.
- How does Eswatini rank?
- 14th highest of 33 economies with data for 2024.
- Is the latest change in external balance on goods and services (current US$) unusual for Eswatini?
- In 2024, Eswatini's external balance on goods and services (current US$) rose US$127.33 million on 2023 (from −US$125.82 million to US$1.51 million). Across the 10 yearly changes before that (2014 to 2023), the average change was −US$5.49 million and a typical year strayed about US$141.37 million from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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