Eswatini: Gross savings (% of GDP)

Key figures

What the numbers say

In 2024, Eswatini's gross savings (% of GDP) fell 6.08 percentage points on 2023 (from 24.27% to 18.19%).

Across the 10 yearly changes before that (2014 to 2023), the average change was −0.27 percentage points and a typical year strayed about 3.36 percentage points from that (the standard deviation). This year's change was 1.7 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 4.62 percentage points in 2014 and the biggest yearly fall was 6.08 percentage points 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 downward, about 0.81 percentage points a year. A straight line explains 46% 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 28th highest value of the 48 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

• Guinea-Bissau — 25th of 48: 19.08%
• New Zealand — 26th of 48: 18.95%
• Tonga — 27th of 48: 18.23%
• Niger — 29th of 48: 17.47%
• Côte d'Ivoire — 30th of 48: 17.15%
• United States — 31st of 48: 16.59%

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 12 values

Gross savings (% of GDP) in nearby economies

• Angola — 15.88% (2024)
• Benin — 30.27% (2023)
• Botswana — 28.25% (2025)
• Burkina Faso — 15.89% (2024)
• Burundi — 43.06% (2025)
• Cabo Verde — 21.14% (2025)
• Cameroon — 15.54% (2024)
• Comoros — 12.05% (2023)
• Congo, Dem. Rep. — 28.69% (2025)
• Congo, Rep. — 31.66% (2021)
• Côte d'Ivoire — 17.15% (2024)
• Ethiopia

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 savings (% of GDP)?

18.19% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2013?

It is down 8.74 percentage points from 26.93% in 2013. The highest value was 31.55% in 2014 and the lowest 18.19% in 2024.

How does Eswatini rank?

28th highest of 48 economies with data for 2024.

Is the latest change in gross savings (% of GDP) unusual for Eswatini?

In 2024, Eswatini's gross savings (% of GDP) fell 6.08 percentage points on 2023 (from 24.27% to 18.19%). Across the 10 yearly changes before that (2014 to 2023), the average change was −0.27 percentage points and a typical year strayed about 3.36 percentage points from that (the standard deviation). This year's change was 1.7 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 NY.GNS.ICTR.ZS, 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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