Eswatini: Gross national expenditure (constant LCU)

Key figures

What the numbers say

In 2024, Eswatini's gross national expenditure (constant LCU) fell 0.4% on 2023 (from 69.9 billion to 69.6 billion).

Across the 10 yearly changes before that (2014 to 2023), the average change was +1.8% and a typical year strayed about 2.3% from that (the standard deviation). This year's change was 1.0 standard deviations below 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 4.9% in 2023 and the biggest yearly fall was 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 the straight-line trend is upward, about 971.61 million a year. A straight line explains 83% 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 18th highest value of the 31 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

• Maldives — 14th of 31: 86.65 billion
• Panama — 15th of 31: 78.12 billion
• Zimbabwe — 16th of 31: 72.76 billion
• Cuba — 18th of 31: 51.05 billion
• Oman — 19th of 31: 31.88 billion
• Kuwait — 20th of 31: 29.83 billion

What this measures

Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 12 values

Gross national expenditure (constant LCU) in nearby economies

• Angola — 21.77 trillion (2024)
• Benin — 12.56 trillion (2025)
• Botswana — 212.85 billion (2024)
• Burkina Faso — 12.69 trillion (2025)
• Cabo Verde — 284.79 billion (2025)
• Cameroon — 28.63 trillion (2025)
• Central African Republic — 955.91 billion (2025)
• Chad — 9.61 trillion (2025)
• Comoros — 608.13 billion (2025)
• Congo, Dem. Rep. — 16.87 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 national expenditure (constant LCU)?

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

How has it changed since 2013?

It is up 18.22% from 58.87 billion in 2013 (1.53% a year on average, compounded). The highest value was 69.9 billion in 2023 and the lowest 58.74 billion in 2014.

How does Eswatini rank?

18th highest of 31 economies with data for 2024.

Is the latest change in gross national expenditure (constant LCU) unusual for Eswatini?

In 2024, Eswatini's gross national expenditure (constant LCU) fell 0.4% on 2023 (from 69.9 billion to 69.6 billion). Across the 10 yearly changes before that (2014 to 2023), the average change was +1.8% and a typical year strayed about 2.3% from that (the standard deviation). This year's change was 1.0 standard deviations below 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.DAB.TOTL.KN, 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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