Eswatini's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) was −US$37.85 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 80.29% from −US$192.06 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$37.85 million | 2024 |
| Five years earlier | US$21.1 million | 2019 |
| Ten years earlier | −US$192.06 million | 2014 |
| Highest | US$302.22 million | 2010 |
| Lowest | −US$192.06 million | 2014 |
| Average since 2015 | −US$3.32 million | 2015–2024 |
| First recorded | US$302.22 million |
What the numbers say
In 2024, Eswatini's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$31.31 million on 2023 (from −US$69.16 million to −US$37.85 million).
Across the 13 yearly changes before that (2011 to 2023), the average change was −US$28.57 million and a typical year strayed about US$147.29 million from that (the standard deviation). This year's change was 0.4 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$264.29 million in 2016 and the biggest yearly fall was US$282.76 million in 2017. 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 7% 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 45th highest value of the 79 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$37.85 million | 2024 |
| Lower middle income | US$27 billion | 2024 |
Closest to Eswatini in the 2024 ranking
What this measures
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 15 values
| Year | Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) |
|---|---|
| 2024 | -37,852,000 |
| 2023 | -69,164,000 |
| 2022 | -27,144,000 |
| 2021 | 72,510,000 |
| 2020 | -43,300,000 |
| 2019 | 21,100,000 |
| 2018 | -8,430,000 |
| 2017 | -80,710,000 |
| 2016 | 202,050,000 |
| 2015 | -62,240,000 |
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in nearby economies
- Angola — US$315.18 million (2024)
- Benin — US$504.98 million (2023)
- Burkina Faso — US$68.23 million (2024)
- Cameroon — −US$53.46 million (2024)
- Côte d'Ivoire — −US$141.21 million (2024)
- Ghana — −US$1.24 billion (2024)
- Guinea-Bissau — −US$23.6 million (2020)
- Kenya — −US$90.57 million (2024)
More economic policy & debt data for Eswatini
- Agriculture, forestry, and fishing, value added (current US$) — 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$4,108 (2025)
- GDP per capita (current LCU) — 73,492 (2025)
Reading data like this
Questions people ask
- What is Eswatini's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)?
- −US$37.85 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 112.52% from US$302.22 million in 2010. The highest value was US$302.22 million in 2010 and the lowest −US$192.06 million in 2014.
- How does Eswatini rank?
- 45th highest of 79 economies with data for 2024.
- Is the latest change in net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) unusual for Eswatini?
- In 2024, Eswatini's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$31.31 million on 2023 (from −US$69.16 million to −US$37.85 million). Across the 13 yearly changes before that (2011 to 2023), the average change was −US$28.57 million and a typical year strayed about US$147.29 million from that (the standard deviation). This year's change was 0.4 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 DT.NFL.DPNG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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