Eswatini: Gross capital formation (current LCU)

Key figures

What the numbers say

In 2024, Eswatini's gross capital formation (current LCU) fell 25% on 2023 (from 17.76 billion to 13.33 billion).

Across the 10 yearly changes before that (2014 to 2023), the average change was +10.8% and a typical year strayed about 15.6% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 35.1% in 2021 and the biggest yearly fall was 25% in 2024. 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 the straight-line trend is upward, about 841.44 million a year. A straight line explains 66% 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.

How it compares

In 2024, Eswatini had the 24th highest value of the 38 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

• Vanuatu — 20th of 38: 40.35 billion
• Maldives — 21st of 38: 33.47 billion
• Panama — 22nd of 38: 29.01 billion
• Oman — 24th of 38: 10.24 billion
• Faroe Islands — 25th of 38: 7.87 billion
• Kuwait — 26th of 38: 7.45 billion

What this measures

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 12 values

Gross capital formation (current LCU) in nearby economies

• Angola — 11.06 trillion (2024)
• Benin — 5.12 trillion (2025)
• Botswana — 78.46 billion (2025)
• Burkina Faso — 2.77 trillion (2025)
• Cabo Verde — 52.07 billion (2025)
• Cameroon — 6.63 trillion (2025)
• Central African Republic — 166.01 billion (2025)
• Chad — 2.54 trillion (2025)
• Comoros — 93.81 billion (2025)
• Congo, Dem. Rep. — 77.13 trillion (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)

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Questions people ask

What is Eswatini's gross capital formation (current LCU)?

13.33 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2013?

It is up 91.65% from 6.95 billion in 2013 (6.09% a year on average, compounded). The highest value was 17.76 billion in 2023 and the lowest 6.95 billion in 2013.

How does Eswatini rank?

24th highest of 38 economies with data for 2024.

Is the latest change in gross capital formation (current LCU) unusual for Eswatini?

In 2024, Eswatini's gross capital formation (current LCU) fell 25% on 2023 (from 17.76 billion to 13.33 billion). Across the 10 yearly changes before that (2014 to 2023), the average change was +10.8% and a typical year strayed about 15.6% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, 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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