Eswatini's gross fixed capital formation (current US$) was US$780.84 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 12.48% from US$694.18 million in 2014 (1.18% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$780.84 million | 2024 |
| Five years earlier | US$815.42 million | 2019 |
| Ten years earlier | US$694.18 million | 2014 |
| Highest | US$831.57 million | 2021 |
| Lowest | US$590.23 million | 2015 |
| Average since 2015 | US$727.27 million | 2015–2024 |
| First recorded | US$732.22 million |
What the numbers say
In 2024, Eswatini's gross fixed capital formation (current US$) rose 5% on 2023 (from US$743.48 million to US$780.84 million).
Across the 10 yearly changes before that (2014 to 2023), the average change was +1.4% and a typical year strayed about 17% from that (the standard deviation). This year's change was 0.2 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 34.8% in 2021 and the biggest yearly fall was 24.3% in 2020. 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 23% 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 28th highest value of the 37 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.
| Value | Year | |
|---|---|---|
| Eswatini | US$780.84 million | 2024 |
| World | US$28.61 trillion | 2024 |
| Sub-Saharan Africa | US$507.97 billion | 2025 |
| Lower middle income | US$2.11 trillion | 2025 |
Closest to Eswatini in the 2024 ranking
- French Polynesia — 25th of 37: US$1.39 billion
- Fiji — 26th of 37: US$1.2 billion
- Bermuda — 27th of 37: US$1.01 billion
- Belize — 29th of 37: US$677.06 million
- Timor-Leste — 30th of 37: US$503.86 million
- Lebanon — 31st of 37: US$375.26 million
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 12 values
| Year | Gross fixed capital formation (current US$) |
|---|---|
| 2024 | 780,838,116 |
| 2023 | 743,481,210 |
| 2022 | 714,599,472 |
| 2021 | 831,565,742 |
| 2020 | 616,972,942 |
| 2019 | 815,417,475 |
| 2018 | 795,349,204 |
| 2017 | 722,768,204 |
| 2016 | 661,477,404 |
| 2015 | 590,225,720 |
| 2014 |
Gross fixed capital formation (current US$) in nearby economies
- Angola — US$10.95 billion (2024)
- Benin — US$8.7 billion (2025)
- Botswana — US$5.62 billion (2025)
- Burkina Faso — US$4.62 billion (2025)
- Cameroon — US$11.4 billion (2025)
- Central African Republic — US$453.25 million (2025)
- Chad — US$3.52 billion (2025)
- Comoros — US$214.98 million (2025)
- Congo, Dem. Rep. — US$26.21 billion (2025)
- Congo, Rep.
More economic policy & debt data for Eswatini
- Agriculture, forestry, and fishing, value added (current US$) — 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$4,108 (2025)
- GDP per capita (current LCU) — 73,492 (2025)
Reading data like this
Questions people ask
- What is Eswatini's gross fixed capital formation (current US$)?
- US$780.84 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2013?
- It is up 6.64% from US$732.22 million in 2013 (0.59% a year on average, compounded). The highest value was US$831.57 million in 2021 and the lowest US$590.23 million in 2015.
- How does Eswatini rank?
- 28th highest of 37 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current US$) unusual for Eswatini?
- In 2024, Eswatini's gross fixed capital formation (current US$) rose 5% on 2023 (from US$743.48 million to US$780.84 million). Across the 10 yearly changes before that (2014 to 2023), the average change was +1.4% and a typical year strayed about 17% from that (the standard deviation). This year's change was 0.2 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.GDI.FTOT.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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